HS Icon Parts for spark-ignition engines except aircraft

840991 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $31.4B, Rnk 78 / 4648

2019
Top Exporter | Top Importer
: $5.53B | $6.71B, Germany | United States

2019
Product Complexity
: 0.92, Rnk 910 / 4826

2018 - 2019
Export Growth (CAGR)
: -5.88%, Rnk 2779 / 4648

2018
Mean Tariff
: 6.04%, Rnk 3566 / 6538

 2019
Share of World Trade
: 0.17%, Rnk 78 / 4648

Overview:  This page contains the latest trade data of Parts for spark-ignition engines except aircraft. In 2019, Parts for spark-ignition engines except aircraft were the world's 78th most traded product, with a total trade of $31.4B. Between 2018 and 2019 the exports of Parts for spark-ignition engines except aircraft decreased by -5.88%, from  $33.3B to $31.4B. Trade in Parts for spark-ignition engines except aircraft represent 0.17% of total world trade.

Exports: In 2019 the top exporters of Parts for spark-ignition engines except aircraft  were Germany ($5.53B), Japan ($4.46B), United States ($3.78B), China ($3.07B), and Mexico ($3.07B).

Imports: In 2019 the top importers of Parts for spark-ignition engines except aircraft were United States ($6.71B), Mexico ($2.88B), Germany ($2.78B), China ($2.31B), and Canada ($1.7B).

Tariffs: In 2018 the average tariff for Parts for spark-ignition engines except aircraft was 6.04%, making it the 3566th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts for spark-ignition engines except aircraft are Maldives (41.5%), Bermuda (35%), Pakistan (27%), Tunisia (20%), and Cameroon (19.6%). The countries with the lowest tariffs are Angola (0%), Ghana (0%), Mauritius (0%), Hong Kong (0%), and Japan (0%).

Ranking: Parts for spark-ignition engines except aircraft ranks 910th in the Product Complexity Index (PCI).

Description: Most of the uses of spark-ignition engines are in transportation, such as cars, trucks, and trains. They are also used in some generators and in many small engines for machinery. They are not common in airplanes.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $5.53B

Top Destination (2019): United States, $6.71B

Parts for spark-ignition engines except aircraft are the world's 78th most traded product.

In 2019, the top exporters of Parts for spark-ignition engines except aircraft were Germany ($5.53B), Japan ($4.46B), United States ($3.78B), China ($3.07B), and Mexico ($3.07B).

In 2019, the top importers of Parts for spark-ignition engines except aircraft were United States ($6.71B), Mexico ($2.88B), Germany ($2.78B), China ($2.31B), and Canada ($1.7B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Serbia, $36.3M

Top Destination Growth (2018 - 2019): Mexico, $203M

Between 2018 and 2019, the exports of Parts for spark-ignition engines except aircraft grew the fastest in Serbia ($36.3M), Italy ($32.4M), South Korea ($26.5M), Vietnam ($19.9M), and India ($18.9M).

Between 2018 and 2019, the fastest growing importers of Parts for spark-ignition engines except aircraft were Mexico ($203M), Spain ($44.4M), Kazakhstan ($34.5M), Slovakia ($33.1M), and Poland ($25.7M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts for spark-ignition engines except aircraft.

In 2019,  market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Parts for spark-ignition engines except aircraft are explained by 16 countries.

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TOP NET EXPORTER (2019): Japan, $3.59B

TOP NET IMPORTER (2019): United States, $2.93B

This map shows which countries export or import more of Parts for spark-ignition engines except aircraft. Each country is colored based on the difference in exports and imports of Parts for spark-ignition engines except aircraft during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts for spark-ignition engines except aircraft were Japan ($3.59B), Germany ($2.75B), South Korea ($897M), China ($753M), and Italy ($485M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts for spark-ignition engines except aircraft were United States ($2.93B), United Kingdom ($1.11B), Canada ($924M), Austria ($572M), and Hungary ($446M).

Import Tariffs

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In 2018, the average tariff for importing Parts for spark-ignition engines except aircraft was 6.04%.  The countries with the highest tariffs for importing Parts for spark-ignition engines except aircraft were Maldives (41.5%), Bermuda (35%), Pakistan (27%), Tunisia (20%), and Cameroon (19.6%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.