HS Icon Road tractors for semi-trailers (truck tractors)

870120 (Harmonized System 1992 for 6-digit)

World Trade (2019): $35B, Rnk 66 / 4648

Top Exporter (2019): $10.3B, Mexico

Top Importer (2019): $9.28B, United States

Product Complexity (2019): 0.81, Rnk 1078 / 4826

Export Growth (CAGR)(2018 - 2019): -5%, Rnk 2607 / 4648

Mean Tariff (2018): 8.86%, Rnk 2587 / 6538

Share of World Trade (2019): 0.19%, Rnk 66 / 4648

Overview:  This page contains the latest trade data of Road tractors for semi-trailers (truck tractors). In 2019, Road tractors for semi-trailers (truck tractors) were the world's 66th most traded product, with a total trade of $35B. Between 2018 and 2019 the exports of Road tractors for semi-trailers (truck tractors) decreased by -5%, from  $36.8B to $35B. Trade in Road tractors for semi-trailers (truck tractors) represent 0.19% of total world trade.

Exports: In 2019 the top exporters of Road tractors for semi-trailers (truck tractors)  were Mexico ($10.3B), Netherlands ($5.46B), Germany ($3.97B), United States ($2.77B), and Belgium ($2.41B).

Imports: In 2019 the top importers of Road tractors for semi-trailers (truck tractors) were United States ($9.28B), Canada ($3.17B), Germany ($2.07B), France ($1.83B), and Poland ($1.58B).

Tariffs: In 2018 the average tariff for Road tractors for semi-trailers (truck tractors) was 8.86%, making it the 2587th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Road tractors for semi-trailers (truck tractors) are Maldives (35%), Bermuda (35%), Brazil (33.9%), and Poland (31%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), Rwanda (0%), and Uganda (0%).

Ranking: Road tractors for semi-trailers (truck tractors) ranks 1078th in the Product Complexity Index (PCI).

Description: Road tractors are the front-most section of a semi-trailer or trailer with a tractor truck. They are often used to pull other trailers and semi-trailers.

Exporters and Importers

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Trade By Country

Top Origin (2019): Mexico, $10.3B

Top Destination (2019): United States, $9.28B

Road tractors for semi-trailers (truck tractors) are the world's 66th most traded product.

In 2019, the top exporters of Road tractors for semi-trailers (truck tractors) were Mexico ($10.3B), Netherlands ($5.46B), Germany ($3.97B), United States ($2.77B), and Belgium ($2.41B).

In 2019, the top importers of Road tractors for semi-trailers (truck tractors) were United States ($9.28B), Canada ($3.17B), Germany ($2.07B), France ($1.83B), and Poland ($1.58B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $466M

Top Destination Growth (2018 - 2019): United States, $693M

Between 2018 and 2019, the exports of Road tractors for semi-trailers (truck tractors) grew the fastest in Mexico ($466M), United States ($248M), Spain ($211M), China ($97.7M), and Canada ($83.1M).

Between 2018 and 2019, the fastest growing importers of Road tractors for semi-trailers (truck tractors) were United States ($693M), United Kingdom ($205M), Vietnam ($149M), Colombia ($143M), and Nigeria ($93.8M).

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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 Road tractors for semi-trailers (truck tractors).

In 2019,  market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Road tractors for semi-trailers (truck tractors) are explained by 11 countries.

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TOP NET EXPORTER (2019): Mexico, $10.1B

TOP NET IMPORTER (2019): United States, $6.51B

This map shows which countries export or import more of Road tractors for semi-trailers (truck tractors). Each country is colored based on the difference in exports and imports of Road tractors for semi-trailers (truck tractors) during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Road tractors for semi-trailers (truck tractors) were Mexico ($10.1B), Netherlands ($4.88B), Germany ($1.9B), Belgium ($1.71B), and Sweden ($1.54B).

In 2019, the countries that had a largest trade value in imports than in exports of Road tractors for semi-trailers (truck tractors) were United States ($6.51B), Canada ($3.02B), United Kingdom ($1.15B), Italy ($951M), and Russia ($816M).

Import Tariffs

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In 2018, the average tariff for importing Road tractors for semi-trailers (truck tractors) was 8.86%.  The countries with the highest tariffs for importing Road tractors for semi-trailers (truck tractors) were Maldives (35%), Bermuda (35%), Brazil (33.9%), and Poland (31%).

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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.