HS Icon Parts of liquid elevators

841392 (Harmonized System 1992 for 6-digit)

World Trade (2018): $168M, Rnk 3797 / 4726

Top Exporter (2018): $23M, United States

Top Importer (2018): $24M, United States

Product Complexity (2018): 0.18, Rnk 2277 / 4873

Export Growth (CAGR)(2017 - 2018): 63.8%, Rnk 204 / 4726

Mean Tariff (2018): 4.52%, Rnk 4505 / 6538

Share of World Trade (2018): 0.00092%, Rnk 3797 / 4726

Overview:  This page contains the latest trade data of Parts of liquid elevators. In 2018, Parts of liquid elevators were the world's 3797th most traded product, with a total trade of $168M. Between 2017 and 2018 the exports of Parts of liquid elevators grew by 63.8%, from  $103M to $168M. Trade in Parts of liquid elevators represent 0.00092% of total world trade.

Exports: In 2018 the top exporters of Parts of liquid elevators  were United States ($23M), China ($21.9M), Netherlands ($17.1M), Italy ($17M), and United Kingdom ($14M).

Imports: In 2018 the top importers of Parts of liquid elevators were United States ($24M), Mexico ($12.8M), United Kingdom ($7.13M), Saudi Arabia ($6.49M), and Netherlands ($5.61M).

Tariffs: In 2018 the average tariff for Parts of liquid elevators was 4.52%, been the 4505 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of liquid elevators are Bahamas (40.2%), Bermuda (25%), Tunisia (20%), Maldives (19.6%), and Ecuador (17.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Parts of liquid elevators ranks 2277th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $23M

Top Destination (2018): United States, $24M

Parts of liquid elevators are the world's 3797th most traded product.

In 2018, the top exporters of Parts of liquid elevators were United States ($23M), China ($21.9M), Netherlands ($17.1M), Italy ($17M), and United Kingdom ($14M).

In 2018, the top importers of Parts of liquid elevators were United States ($24M), Mexico ($12.8M), United Kingdom ($7.13M), Saudi Arabia ($6.49M), and Netherlands ($5.61M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $19M

Top Destination Growth (2017 - 2018): United States, $21.9M

Between 2017 and 2018, the exports of Parts of liquid elevators grew the fastest in United States ($19M), China ($10M), Australia ($7.46M), United Kingdom ($6.59M), and Netherlands ($5.35M).

Between 2017 and 2018, the fastest growing importers of Parts of liquid elevators were United States ($21.9M), Mexico ($11.3M), Japan ($3.64M), Singapore ($2.81M), and Netherlands ($2.43M).

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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 of liquid elevators.

In 2018,  market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Parts of liquid elevators are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $18.1M

TOP NET IMPORTER (2018): Mexico, $11.4M

This map shows which countries export or import more of Parts of liquid elevators. Each country is colored based on the difference in exports and imports of Parts of liquid elevators during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of liquid elevators were China ($18.1M), Italy ($14.4M), Netherlands ($11.5M), United Kingdom ($6.9M), and Australia ($5.87M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of liquid elevators were Mexico ($11.4M), Saudi Arabia ($6.44M), Iran ($3.02M), Austria ($2.7M), and Indonesia ($2.56M).

Trade Forecasts

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This section shows forecasts for total trade for Parts of liquid elevators. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Parts of liquid elevators was 4.52%.  The countries with the highest tariffs for importing Parts of liquid elevators were Bahamas (40.2%), Bermuda (25%), Tunisia (20%), Maldives (19.6%), and Ecuador (17.2%).

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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.