HS Icon Radiators for motor vehicles

870891 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.78B, Rnk 479 / 4726

Top Exporter (2018): $1.25B, China

Top Importer (2018): $1.14B, United States

Export Growth (CAGR)(2017 - 2018): 11.4%, Rnk 2455 / 4726

Mean Tariff (2018): 8.51%, Rnk 2695 / 6538

Share of World Trade (2018): 0.037%, Rnk 479 / 4726

Overview:  This page contains the latest trade data of Radiators for motor vehicles. In 2018, Radiators for motor vehicles were the world's 479th most traded product, with a total trade of $6.78B. Between 2017 and 2018 the exports of Radiators for motor vehicles grew by 11.4%, from  $6.09B to $6.78B. Trade in Radiators for motor vehicles represent 0.037% of total world trade.

Exports: In 2018 the top exporters of Radiators for motor vehicles  were China ($1.25B), Germany ($863M), Czechia ($556M), Poland ($478M), and Mexico ($332M).

Imports: In 2018 the top importers of Radiators for motor vehicles were United States ($1.14B), Germany ($1B), France ($335M), United Kingdom ($281M), and Mexico ($266M).

Tariffs: In 2018 the average tariff for Radiators for motor vehicles was 8.51%, been the 2695 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.25B

Top Destination (2018): United States, $1.14B

Radiators for motor vehicles are the world's 479th most traded product.

In 2018, the top exporters of Radiators for motor vehicles were China ($1.25B), Germany ($863M), Czechia ($556M), Poland ($478M), and Mexico ($332M).

In 2018, the top importers of Radiators for motor vehicles were United States ($1.14B), Germany ($1B), France ($335M), United Kingdom ($281M), and Mexico ($266M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $188M

Top Destination Growth (2017 - 2018): United States, $156M

Between 2017 and 2018, the exports of Radiators for motor vehicles grew the fastest in China ($188M), Germany ($168M), Czechia ($124M), Slovakia ($112M), and Spain ($58.2M).

Between 2017 and 2018, the fastest growing importers of Radiators for motor vehicles were United States ($156M), France ($127M), United Kingdom ($82.9M), Spain ($61.1M), and Belgium-Luxembourg ($44.8M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Radiators for motor vehicles are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $1.02B

TOP NET IMPORTER (2018): United States, $878M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Radiators for motor vehicles were China ($1.02B), Czechia ($303M), Poland ($254M), Slovakia ($171M), and Japan ($104M).

In 2018, the countries that had a largest trade value in imports than in exports of Radiators for motor vehicles were United States ($878M), Germany ($139M), Russia ($137M), United Kingdom ($128M), and Netherlands ($80.1M).

Trade Forecasts

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This section shows forecasts for total trade for Radiators for motor vehicles. 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 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.