HS Icon Soil Preparation Machinery

8432 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $8.17B, Rnk 374 / 1217

2019
Top Exporter | Top Importer
: $1.49B | $849M, Germany | United States

2019
Product Complexity
: 0.54, Rnk 330 / 961

2018 - 2019
Export Growth (CAGR)
: -4.7%, Rnk 725 / 1217

2018
Mean Tariff
: 4.74%, Rnk 869 / 1259

 2019
Share of World Trade
: 0.045%, Rnk 374 / 1217

Overview:  This page contains the latest trade data of Soil Preparation Machinery. In 2019, Soil Preparation Machinery were the world's 374th most traded product, with a total trade of $8.17B. Between 2018 and 2019 the exports of Soil Preparation Machinery decreased by -4.7%, from  $8.57B to $8.17B. Trade in Soil Preparation Machinery represent 0.045% of total world trade.

Exports: In 2019 the top exporters of Soil Preparation Machinery  were Germany ($1.49B), Italy ($848M), China ($723M), United States ($615M), and France ($455M).

Imports: In 2019 the top importers of Soil Preparation Machinery were United States ($849M), France ($768M), Germany ($695M), Russia ($426M), and Canada ($420M).

Tariffs: In 2018 the average tariff for Soil Preparation Machinery was 4.74%, making it the 869th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Soil Preparation Machinery are Bahamas (40.2%), Maldives (19.6%), Argentina (15.2%), Venezuela (13.4%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Soil Preparation Machinery ranks 330th in the Product Complexity Index (PCI).

Description: Lawn or sports-ground rollers are used to smooth the surface of a lawn or other ground. They can be made from a variety of materials, including wood, metal, and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.49B

Top Destination (2019): United States, $849M

Soil Preparation Machinery are the world's 374th most traded product.

In 2019, the top exporters of Soil Preparation Machinery were Germany ($1.49B), Italy ($848M), China ($723M), United States ($615M), and France ($455M).

In 2019, the top importers of Soil Preparation Machinery were United States ($849M), France ($768M), Germany ($695M), Russia ($426M), and Canada ($420M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $19.5M

Top Destination Growth (2018 - 2019): France, $70.1M

Between 2018 and 2019, the exports of Soil Preparation Machinery grew the fastest in Turkey ($19.5M), Belarus ($12.2M), Japan ($10.8M), Russia ($9.12M), and Indonesia ($6.51M).

Between 2018 and 2019, the fastest growing importers of Soil Preparation Machinery were France ($70.1M), Nigeria ($34.6M), Kazakhstan ($18.9M), Croatia ($12.8M), and Belarus ($8.66M).

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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 Soil Preparation Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Soil Preparation Machinery are explained by 23 countries.

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TOP NET EXPORTER (2019): Germany, $800M

TOP NET IMPORTER (2019): Russia, $356M

This map shows which countries export or import more of Soil Preparation Machinery. Each country is colored based on the difference in exports and imports of Soil Preparation Machinery during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Soil Preparation Machinery were Germany ($800M), Italy ($700M), China ($626M), Netherlands ($201M), and Sweden ($176M).

In 2019, the countries that had a largest trade value in imports than in exports of Soil Preparation Machinery were Russia ($356M), France ($314M), United States ($234M), Ukraine ($212M), and Romania ($165M).

Disaggregation

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Value

In 2019, the world most traded Soil Preparation Machinery, disaggragated by their HS6 level were Parts for soil preparation or cultivation... ($2.88B), Seeders, planters and transplanters ($1.46B), Scarifiers, cultivators, weeders and hoes ($1.3B), Rollers, soil preparation, cultivation machinery, nes ($1.22B), and Manure spreaders and fertilizer distributors ($500M)

Import Tariffs

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In 2018, the average tariff for importing Soil Preparation Machinery was 4.74%.  The countries with the highest tariffs for importing Soil Preparation Machinery were Bahamas (40.2%), Maldives (19.6%), Argentina (15.2%), Venezuela (13.4%), and Brazil (13.4%).

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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.