HS Icon Snowmobiles, golf cars, similar vehicles

870310 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2B, Rnk 1324 / 4726

Top Exporter (2018): $551M, United States

Top Importer (2018): $415M, United States

Product Complexity (2018): 1.26, Rnk 187 / 2722

Export Growth (CAGR)(2017 - 2018): -9.99%, Rnk 4320 / 4726

Mean Tariff (2018): 22.8%, Rnk 412 / 6538

Share of World Trade (2018): 0.011%, Rnk 1324 / 4726

Overview:  This page contains the latest trade data of Snowmobiles, golf cars, similar vehicles. In 2018, Snowmobiles, golf cars, similar vehicles were the world's 1324th most traded product, with a total trade of $2B. Between 2017 and 2018 the exports of Snowmobiles, golf cars, similar vehicles decreased by -9.99%, from  $2.23B to $2B. Trade in Snowmobiles, golf cars, similar vehicles represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Snowmobiles, golf cars, similar vehicles  were United States ($551M), China ($461M), Canada ($279M), Finland ($195M), and Mexico ($95.2M).

Imports: In 2018 the top importers of Snowmobiles, golf cars, similar vehicles were United States ($415M), Canada ($344M), Sweden ($133M), Germany ($93.5M), and Russia ($75M).

Tariffs: In 2018 the average tariff for Snowmobiles, golf cars, similar vehicles was 22.8%, been the 412 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 187th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $551M

Top Destination (2018): United States, $415M

Snowmobiles, golf cars, similar vehicles are the world's 1324th most traded product.

In 2018, the top exporters of Snowmobiles, golf cars, similar vehicles were United States ($551M), China ($461M), Canada ($279M), Finland ($195M), and Mexico ($95.2M).

In 2018, the top importers of Snowmobiles, golf cars, similar vehicles were United States ($415M), Canada ($344M), Sweden ($133M), Germany ($93.5M), and Russia ($75M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $266M

Top Destination Growth (2017 - 2018): United States, $149M

Between 2017 and 2018, the exports of Snowmobiles, golf cars, similar vehicles grew the fastest in China ($266M), Finland ($42.1M), United Kingdom ($38.7M), Canada ($15.4M), and Sweden ($8.6M).

Between 2017 and 2018, the fastest growing importers of Snowmobiles, golf cars, similar vehicles were United States ($149M), Sweden ($41.6M), Russia ($32.6M), Sri Lanka ($30.6M), and Mexico ($18.5M).

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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 2018,  market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Snowmobiles, golf cars, similar vehicles are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $423M

TOP NET IMPORTER (2018): Sweden, $122M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Snowmobiles, golf cars, similar vehicles were China ($423M), United States ($137M), Finland ($125M), Chinese Taipei ($79.1M), and Mexico ($61.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Snowmobiles, golf cars, similar vehicles were Sweden ($122M), Russia ($69.9M), Canada ($64.9M), Norway ($59.6M), and Germany ($47.4M).

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.