HS Icon Pumps nes

841381 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.46B, Rnk 709 / 4726

Top Exporter (2018): $797M, Italy

Top Importer (2018): $570M, United States

Export Growth (CAGR)(2017 - 2018): -7.51%, Rnk 4231 / 4726

Mean Tariff (2018): 4.39%, Rnk 4628 / 6538

Share of World Trade (2018): 0.024%, Rnk 709 / 4726

Overview:  This page contains the latest trade data of Pumps nes. In 2018, Pumps nes were the world's 709th most traded product, with a total trade of $4.46B. Between 2017 and 2018 the exports of Pumps nes decreased by -7.51%, from  $4.83B to $4.46B. Trade in Pumps nes represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Pumps nes  were Italy ($797M), United States ($593M), China ($469M), Germany ($372M), and Japan ($181M).

Imports: In 2018 the top importers of Pumps nes were United States ($570M), Germany ($303M), China ($250M), United Kingdom ($165M), and India ($138M).

Tariffs: In 2018 the average tariff for Pumps nes was 4.39%, been the 4628 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $797M

Top Destination (2018): United States, $570M

Pumps nes are the world's 709th most traded product.

In 2018, the top exporters of Pumps nes were Italy ($797M), United States ($593M), China ($469M), Germany ($372M), and Japan ($181M).

In 2018, the top importers of Pumps nes were United States ($570M), Germany ($303M), China ($250M), United Kingdom ($165M), and India ($138M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $78.3M

Top Destination Growth (2017 - 2018): United States, $94.5M

Between 2017 and 2018, the exports of Pumps nes grew the fastest in Chinese Taipei ($78.3M), Norway ($50.7M), Poland ($44.9M), Saudi Arabia ($43M), and Italy ($35.3M).

Between 2017 and 2018, the fastest growing importers of Pumps nes were United States ($94.5M), China ($36.3M), Germany ($35.1M), Japan ($33.7M), and Argentina ($29.5M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Pumps nes are explained by 22 countries.

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TOP NET EXPORTER (2018): Italy, $696M

TOP NET IMPORTER (2018): India, $100M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pumps nes were Italy ($696M), China ($219M), Norway ($129M), Chinese Taipei ($96.9M), and Japan ($87.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Pumps nes were India ($100M), Canada ($60.2M), Indonesia ($59M), Egypt ($55.2M), and Mexico ($49.8M).

Trade Forecasts

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This section shows forecasts for total trade for Pumps nes. 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 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.