HS Icon Spark-Ignition Engines

8407 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Spark-Ignition Engines. In 2019, Spark-Ignition Engines were the world's 63rd most traded product, with a total trade of $53.8B. Between 2018 and 2019 the exports of Spark-Ignition Engines grew by 0.2%, from $53.7B to $53.8B. Trade in Spark-Ignition Engines represent 0.3% of total world trade.

Exports In 2019 the top exporters of Spark-Ignition Engines  were United States ($7.44B), Japan ($6.31B), Germany ($5.64B), Mexico ($4.17B), and Hungary ($3.57B).

Imports In 2019 the top importers of Spark-Ignition Engines were United States ($11.5B), Canada ($5.65B), Germany ($4.37B), Mexico ($3.11B), and China ($2.74B).

Tariffs In 2018 the average tariff for Spark-Ignition Engines was 6.28%, making it the 668th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Spark-Ignition Engines are Maldives (35.4%), Laos (30.5%), Bermuda (25%), Pakistan (24%), and Vietnam (23.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking Spark-Ignition Engines ranks 138th in the Product Complexity Index (PCI).

Description A spark-ignition reciprocating or rotary internal combustion piston engine is a type of internal combustion engine that uses a spark plug to ignite the fuel in the cylinder.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $7.44B

Top Destination (2019): United States, $11.5B

Spark-Ignition Engines are the world's 63rd most traded product.

In 2019, the top exporters of Spark-Ignition Engines were United States ($7.44B), Japan ($6.31B), Germany ($5.64B), Mexico ($4.17B), and Hungary ($3.57B).

In 2019, the top importers of Spark-Ignition Engines were United States ($11.5B), Canada ($5.65B), Germany ($4.37B), Mexico ($3.11B), and China ($2.74B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $1.11B

Top Destination Growth (2018 - 2019): Canada, $711M

Between 2018 and 2019, the exports of Spark-Ignition Engines grew the fastest in Singapore ($1.11B), Poland ($563M), Spain ($434M), Germany ($418M), and South Korea ($286M).

Between 2018 and 2019, the fastest growing importers of Spark-Ignition Engines were Canada ($711M), Slovenia ($281M), Philippines ($245M), Slovakia ($206M), and South Korea ($200M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Spark-Ignition Engines.

In 2019,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Spark-Ignition Engines are explained by 19 countries.

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TOP NET EXPORTER (2019): Japan, $5.71B

TOP NET IMPORTER (2019): United States, $4.07B

This map shows which countries export or import more of Spark-Ignition Engines. Each country is colored based on the difference in exports and imports of Spark-Ignition Engines during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Spark-Ignition Engines were Japan ($5.71B), Hungary ($2.92B), Austria ($2.38B), Singapore ($1.48B), and United Kingdom ($1.28B).

In 2019, the countries that had a largest trade value in imports than in exports of Spark-Ignition Engines were United States ($4.07B), Canada ($3.18B), Russia ($1.17B), Slovakia ($1.09B), and Spain ($1.01B).

Disaggregation

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Value

In 2019, the world most traded Spark-Ignition Engines, disaggragated by their HS6 level were Engines, spark-ignition reciprocating, over 1000 cc ($36.1B), Aircraft engines, spark-ignition ($5.99B), Engines, spark-ignition reciprocating, 250-1000 cc ($4.3B), Outboard motors, spark-ignition ($3.15B), and Engines, spark-ignition type nes ($3.07B)

Import Tariffs

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In 2018, the average tariff for importing Spark-Ignition Engines was 6.28%. The countries with the highest tariffs for importing Spark-Ignition Engines were Maldives (35.4%), Laos (30.5%), Bermuda (25%), Pakistan (24%), and Vietnam (23.5%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Spark-Ignition Engines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.