HS Icon Small Diesel Engine Cars

870331 (Harmonized System 1992 for 6-digit)

World Trade (2018): $21.1B, Rnk 125 / 4726

Top Exporter (2018): $4.3B, Spain

Top Importer (2018): $4.28B, Italy

Product Complexity (2018): 0.68, Rnk 1325 / 4873

Export Growth (CAGR)(2017 - 2018): -12.4%, Rnk 4373 / 4726

Mean Tariff (2018): 21.1%, Rnk 542 / 6538

Share of World Trade (2018): 0.12%, Rnk 125 / 4726

Overview:  This page contains the latest trade data of Small Diesel Engine Cars. In 2018, Small Diesel Engine Cars were the world's 125th most traded product, with a total trade of $21.1B. Between 2017 and 2018 the exports of Small Diesel Engine Cars decreased by -12.4%, from  $24.1B to $21.1B. Trade in Small Diesel Engine Cars represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Small Diesel Engine Cars  were Spain ($4.3B), Germany ($3.84B), Romania ($2.5B), France ($1.91B), and United Kingdom ($1.76B).

Imports: In 2018 the top importers of Small Diesel Engine Cars were Italy ($4.28B), France ($4.01B), United Kingdom ($1.79B), Belgium-Luxembourg ($1.6B), and Spain ($1.42B).

Tariffs: In 2018 the average tariff for Small Diesel Engine Cars was 21.1%, been the 542 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Small Diesel Engine Cars are Maldives (150%), India (106%), Iran (90%), Nepal (80%), and Thailand (68.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Kyrgyzstan (0%), and Laos (0%).

Ranking: Small Diesel Engine Cars ranks 1325th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Spain, $4.3B

Top Destination (2018): Italy, $4.28B

Small Diesel Engine Cars are the world's 125th most traded product.

In 2018, the top exporters of Small Diesel Engine Cars were Spain ($4.3B), Germany ($3.84B), Romania ($2.5B), France ($1.91B), and United Kingdom ($1.76B).

In 2018, the top importers of Small Diesel Engine Cars were Italy ($4.28B), France ($4.01B), United Kingdom ($1.79B), Belgium-Luxembourg ($1.6B), and Spain ($1.42B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Romania, $926M

Top Destination Growth (2017 - 2018): Croatia, $45.6M

Between 2017 and 2018, the exports of Small Diesel Engine Cars grew the fastest in Romania ($926M), Slovenia ($267M), Sweden ($57.1M), Portugal ($36.7M), and Finland ($13.4M).

Between 2017 and 2018, the fastest growing importers of Small Diesel Engine Cars were Croatia ($45.6M), Algeria ($43.8M), Israel ($38.7M), Sweden ($36.1M), and Serbia ($36M).

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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 Small Diesel Engine Cars.

In 2018,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Small Diesel Engine Cars are explained by 12 countries.

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TOP NET EXPORTER (2018): Spain, $2.87B

TOP NET IMPORTER (2018): Italy, $3.94B

This map shows which countries export or import more of Small Diesel Engine Cars. Each country is colored based on the difference in exports and imports of Small Diesel Engine Cars during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Small Diesel Engine Cars were Spain ($2.87B), Germany ($2.67B), Romania ($2.36B), Turkey ($714M), and Slovenia ($389M).

In 2018, the countries that had a largest trade value in imports than in exports of Small Diesel Engine Cars were Italy ($3.94B), France ($2.1B), Portugal ($1.1B), Belgium-Luxembourg ($336M), and Austria ($276M).

Trade Forecasts

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This section shows forecasts for total trade for Small Diesel Engine Cars. 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 Small Diesel Engine Cars was 21.1%.  The countries with the highest tariffs for importing Small Diesel Engine Cars were Maldives (150%), India (106%), Iran (90%), Nepal (80%), and Thailand (68.8%).

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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.