HS Icon Radiators for motor vehicles

870891 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $6.66B, Rnk 474 / 4648

2019
Top Exporter | Top Importer
: $1.22B | $1.05B, China | United States

2019
Product Complexity
: 0.56, Rnk 1562 / 4826

2018 - 2019
Export Growth (CAGR)
: -5.3%, Rnk 2672 / 4648

2018
Mean Tariff
: 8.51%, Rnk 2695 / 6538

 2019
Share of World Trade
: 0.037%, Rnk 474 / 4648

Overview:  This page contains the latest trade data of Radiators for motor vehicles. In 2019, Radiators for motor vehicles were the world's 474th most traded product, with a total trade of $6.66B. Between 2018 and 2019 the exports of Radiators for motor vehicles decreased by -5.3%, from  $7.03B to $6.66B. Trade in Radiators for motor vehicles represent 0.037% of total world trade.

Exports: In 2019 the top exporters of Radiators for motor vehicles  were China ($1.22B), Germany ($843M), Czechia ($510M), Poland ($482M), and United States ($450M).

Imports: In 2019 the top importers of Radiators for motor vehicles were United States ($1.05B), Germany ($888M), France ($339M), United Kingdom ($267M), and Mexico ($261M).

Tariffs: In 2018 the average tariff for Radiators for motor vehicles was 8.51%, making it the 2695th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Radiators for motor vehicles are Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Sri Lanka (29.3%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Radiators for motor vehicles ranks 1562nd in the Product Complexity Index (PCI).

Description: Radiators are used to cool the engine and the air inside the car. The water in the radiator is circulated by a pump, and the heat is removed from the engine by passing the water through a tube with cooling fins. The radiator is located in front of the engine.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.22B

Top Destination (2019): United States, $1.05B

Radiators for motor vehicles are the world's 474th most traded product.

In 2019, the top exporters of Radiators for motor vehicles were China ($1.22B), Germany ($843M), Czechia ($510M), Poland ($482M), and United States ($450M).

In 2019, the top importers of Radiators for motor vehicles were United States ($1.05B), Germany ($888M), France ($339M), United Kingdom ($267M), and Mexico ($261M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Slovakia, $25.7M

Top Destination Growth (2018 - 2019): Slovakia, $12.4M

Between 2018 and 2019, the exports of Radiators for motor vehicles grew the fastest in Slovakia ($25.7M), United Kingdom ($8.08M), Portugal ($6.79M), Malaysia ($3.67M), and Poland ($3.24M).

Between 2018 and 2019, the fastest growing importers of Radiators for motor vehicles were Slovakia ($12.4M), Brazil ($8.48M), Saudi Arabia ($8.22M), United Arab Emirates ($6.37M), and China ($5.05M).

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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 Radiators for motor vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Radiators for motor vehicles are explained by 20 countries.

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TOP NET EXPORTER (2019): China, $981M

TOP NET IMPORTER (2019): United States, $596M

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

In 2019, the countries that had a largest trade value in exports than in imports of Radiators for motor vehicles were China ($981M), Czechia ($276M), Poland ($267M), Slovakia ($182M), and Japan ($88.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Radiators for motor vehicles were United States ($596M), Canada ($146M), Russia ($139M), United Kingdom ($105M), and Hungary ($90.5M).

Import Tariffs

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In 2018, the average tariff for importing Radiators for motor vehicles was 8.51%.  The countries with the highest tariffs for importing Radiators for motor vehicles were Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Sri Lanka (29.3%).

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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.