HS Icon Pumps nes

841381 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $4.28B, Rnk 718 / 4648

2019
Top Exporter | Top Importer
: $806M | $459M, Italy | United States

2019
Product Complexity
: 0.76, Rnk 1175 / 4826

2018 - 2019
Export Growth (CAGR)
: -5.85%, Rnk 2773 / 4648

2018
Mean Tariff
: 4.39%, Rnk 4628 / 6538

 2019
Share of World Trade
: 0.024%, Rnk 718 / 4648

Overview:  This page contains the latest trade data of Pumps nes. In 2019, Pumps nes were the world's 718th most traded product, with a total trade of $4.28B. Between 2018 and 2019 the exports of Pumps nes decreased by -5.85%, from  $4.54B to $4.28B. Trade in Pumps nes represent 0.024% of total world trade.

Exports: In 2019 the top exporters of Pumps nes  were Italy ($806M), United States ($607M), China ($440M), Germany ($401M), and United Kingdom ($214M).

Imports: In 2019 the top importers of Pumps nes were United States ($459M), Germany ($319M), China ($237M), United Kingdom ($196M), and South Korea ($145M).

Tariffs: In 2018 the average tariff for Pumps nes was 4.39%, making it the 4628th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pumps nes are Maldives (25%), Bermuda (25%), Tunisia (20%), Pakistan (19.9%), and Iran (16.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Pumps nes ranks 1175th in the Product Complexity Index (PCI).

Description: Pumps are often used to transfer fluids from one place to another. They can be used to pump water from an underground water table to the surface, for example. Or, a water container can be pressurized by transferring water from a high-pressure water source (such as a water tower) to a lower pressure water source.

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $806M

Top Destination (2019): United States, $459M

Pumps nes are the world's 718th most traded product.

In 2019, the top exporters of Pumps nes were Italy ($806M), United States ($607M), China ($440M), Germany ($401M), and United Kingdom ($214M).

In 2019, the top importers of Pumps nes were United States ($459M), Germany ($319M), China ($237M), United Kingdom ($196M), and South Korea ($145M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Kingdom, $38M

Top Destination Growth (2018 - 2019): South Korea, $41.1M

Between 2018 and 2019, the exports of Pumps nes grew the fastest in United Kingdom ($38M), Germany ($28.1M), Mexico ($20.2M), Netherlands ($12.3M), and Italy ($9.22M).

Between 2018 and 2019, the fastest growing importers of Pumps nes were South Korea ($41.1M), United Kingdom ($30.5M), Russia ($17.5M), Czechia ($16.9M), and Germany ($16.6M).

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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 Pumps nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Pumps nes are explained by 21 countries.

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TOP NET EXPORTER (2019): Italy, $701M

TOP NET IMPORTER (2019): South Korea, $71.5M

This map shows which countries export or import more of Pumps nes. Each country is colored based on the difference in exports and imports of Pumps nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Pumps nes were Italy ($701M), China ($203M), United States ($148M), Chinese Taipei ($104M), and Germany ($81.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Pumps nes were South Korea ($71.5M), Canada ($66.9M), Russia ($66.5M), India ($60.6M), and Saudi Arabia ($45.9M).

Import Tariffs

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In 2018, the average tariff for importing Pumps nes was 4.39%.  The countries with the highest tariffs for importing Pumps nes were Maldives (25%), Bermuda (25%), Tunisia (20%), Pakistan (19.9%), and Iran (16.7%).

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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.