HS Icon Spark ignition engine trucks weighing < 5 tonnes

870431 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Spark ignition engine trucks weighing < 5 tonnes. In 2019, Spark ignition engine trucks weighing < 5 tonnes were the world's 59th most traded product, with a total trade of $37.6B. Between 2018 and 2019 the exports of Spark ignition engine trucks weighing < 5 tonnes grew by 13.4%, from $33.1B to $37.6B. Trade in Spark ignition engine trucks weighing < 5 tonnes represent 0.21% of total world trade.

Exports: In 2019 the top exporters of Spark ignition engine trucks weighing < 5 tonnes  were Mexico ($17.8B), United States ($11.3B), Canada ($2.82B), Japan ($930M), and Spain ($754M).

Imports: In 2019 the top importers of Spark ignition engine trucks weighing < 5 tonnes were United States ($20.3B), Canada ($9.87B), Mexico ($1.09B), United Arab Emirates ($382M), and Saudi Arabia ($359M).

Tariffs: In 2018 the average tariff for Spark ignition engine trucks weighing < 5 tonnes was 16.9%, making it the 842nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Spark ignition engine trucks weighing < 5 tonnes are Iran (90%), Pakistan (56.7%), Indonesia (38.2%), Thailand (38.1%), and Maldives (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Spark ignition engine trucks weighing < 5 tonnes ranks 3024th in the Product Complexity Index (PCI).

Description: Spark ignition engines do not create power from the heat of combustion, but from the spark created by the spark plug. These are used to power truck engines weighing less than 5 tonnes.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Mexico, $17.8B

Top Destination (2019): United States, $20.3B

Spark ignition engine trucks weighing < 5 tonnes are the world's 59th most traded product.

In 2019, the top exporters of Spark ignition engine trucks weighing < 5 tonnes were Mexico ($17.8B), United States ($11.3B), Canada ($2.82B), Japan ($930M), and Spain ($754M).

In 2019, the top importers of Spark ignition engine trucks weighing < 5 tonnes were United States ($20.3B), Canada ($9.87B), Mexico ($1.09B), United Arab Emirates ($382M), and Saudi Arabia ($359M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $2.18B

Top Destination Growth (2018 - 2019): United States, $2.92B

Between 2018 and 2019, the exports of Spark ignition engine trucks weighing < 5 tonnes grew the fastest in United States ($2.18B), Mexico ($1.71B), Canada ($472M), Spain ($193M), and Kuwait ($147M).

Between 2018 and 2019, the fastest growing importers of Spark ignition engine trucks weighing < 5 tonnes were United States ($2.92B), Canada ($1.21B), Iraq ($245M), Saudi Arabia ($76.5M), and Oman ($61.8M).

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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 Spark ignition engine trucks weighing < 5 tonnes.

In 2019,  market concentration measured using Shannon Entropy, was 2.33. This means that most of the exports of Spark ignition engine trucks weighing < 5 tonnes are explained by 5 countries.

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TOP NET EXPORTER (2019): Mexico, $16.7B

TOP NET IMPORTER (2019): United States, $9.03B

This map shows which countries export or import more of Spark ignition engine trucks weighing < 5 tonnes. Each country is colored based on the difference in exports and imports of Spark ignition engine trucks weighing < 5 tonnes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Spark ignition engine trucks weighing < 5 tonnes were Mexico ($16.7B), Japan ($793M), Spain ($715M), Brazil ($576M), and Thailand ($470M).

In 2019, the countries that had a largest trade value in imports than in exports of Spark ignition engine trucks weighing < 5 tonnes were United States ($9.03B), Canada ($7.05B), Saudi Arabia ($359M), Australia ($234M), and Chile ($217M).

Import Tariffs

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In 2018, the average tariff for importing Spark ignition engine trucks weighing < 5 tonnes was 16.9%. The countries with the highest tariffs for importing Spark ignition engine trucks weighing < 5 tonnes were Iran (90%), Pakistan (56.7%), Indonesia (38.2%), Thailand (38.1%), and Maldives (35%).

Product Complexity

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Diversification Frontier

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Specialization

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.