HS Icon Snowmobiles, golf cars, similar vehicles

870310 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $2.75B, Rnk 1068 / 4648

2019
Top Exporter | Top Importer
: $966M | $1.25B, Mexico | United States

2019
Product Complexity
: 1.51, Rnk 216 / 4826

2018 - 2019
Export Growth (CAGR)
: 37.1%, Rnk 77 / 4648

2018
Mean Tariff
: 22.8%, Rnk 412 / 6538

 2019
Share of World Trade
: 0.015%, Rnk 1068 / 4648

Overview:  This page contains the latest trade data of Snowmobiles, golf cars, similar vehicles. In 2019, Snowmobiles, golf cars, similar vehicles were the world's 1068th most traded product, with a total trade of $2.75B. Between 2018 and 2019 the exports of Snowmobiles, golf cars, similar vehicles grew by 37.1%, from  $2.01B to $2.75B. Trade in Snowmobiles, golf cars, similar vehicles represent 0.015% of total world trade.

Exports: In 2019 the top exporters of Snowmobiles, golf cars, similar vehicles  were Mexico ($966M), United States ($520M), China ($459M), Canada ($224M), and Finland ($202M).

Imports: In 2019 the top importers of Snowmobiles, golf cars, similar vehicles were United States ($1.25B), Canada ($294M), Sweden ($129M), Germany ($86.2M), and Russia ($79.4M).

Tariffs: In 2018 the average tariff for Snowmobiles, golf cars, similar vehicles was 22.8%, making it the 412th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Snowmobiles, golf cars, similar vehicles are India (102%), Iran (90%), Maldives (75%), Syria (68.6%), and Vietnam (66.8%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Snowmobiles, golf cars, similar vehicles ranks 216th in the Product Complexity Index (PCI).

Description: Snowmobiles are often used by people who live in cold and remote areas to get around on land. Golf cars are often used in golf courses and in retirement communities.

Exporters and Importers

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Trade By Country

Top Origin (2019): Mexico, $966M

Top Destination (2019): United States, $1.25B

Snowmobiles, golf cars, similar vehicles are the world's 1068th most traded product.

In 2019, the top exporters of Snowmobiles, golf cars, similar vehicles were Mexico ($966M), United States ($520M), China ($459M), Canada ($224M), and Finland ($202M).

In 2019, the top importers of Snowmobiles, golf cars, similar vehicles were United States ($1.25B), Canada ($294M), Sweden ($129M), Germany ($86.2M), and Russia ($79.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $871M

Top Destination Growth (2018 - 2019): United States, $832M

Between 2018 and 2019, the exports of Snowmobiles, golf cars, similar vehicles grew the fastest in Mexico ($871M), Vietnam ($13.7M), Finland ($6.46M), Hong Kong ($3.34M), and Thailand ($2.64M).

Between 2018 and 2019, the fastest growing importers of Snowmobiles, golf cars, similar vehicles were United States ($832M), United Kingdom ($11.6M), Nigeria ($11.3M), Ghana ($5.51M), and France ($5.32M).

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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 Snowmobiles, golf cars, similar vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Snowmobiles, golf cars, similar vehicles are explained by 7 countries.

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TOP NET EXPORTER (2019): Mexico, $930M

TOP NET IMPORTER (2019): United States, $726M

This map shows which countries export or import more of Snowmobiles, golf cars, similar vehicles. Each country is colored based on the difference in exports and imports of Snowmobiles, golf cars, similar vehicles during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Snowmobiles, golf cars, similar vehicles were Mexico ($930M), China ($442M), Finland ($173M), Chinese Taipei ($53.2M), and Japan ($19.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Snowmobiles, golf cars, similar vehicles were United States ($726M), Sweden ($120M), Russia ($75.3M), Canada ($70.2M), and Norway ($64.5M).

Import Tariffs

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In 2018, the average tariff for importing Snowmobiles, golf cars, similar vehicles was 22.8%.  The countries with the highest tariffs for importing Snowmobiles, golf cars, similar vehicles were India (102%), Iran (90%), Maldives (75%), Syria (68.6%), and Vietnam (66.8%).

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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.