HS Icon Special purpose motor vehicles nes

870590 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Special purpose motor vehicles nes. In 2019, Special purpose motor vehicles nes were the world's 426th most traded product, with a total trade of $7.35B. Between 2018 and 2019 the exports of Special purpose motor vehicles nes grew by 4.17%, from $7.06B to $7.35B. Trade in Special purpose motor vehicles nes represent 0.041% of total world trade.

Exports: In 2019 the top exporters of Special purpose motor vehicles nes  were Germany ($1.24B), United States ($1.23B), Italy ($957M), France ($629M), and China ($411M).

Imports: In 2019 the top importers of Special purpose motor vehicles nes were Canada ($687M), United States ($461M), France ($415M), Germany ($406M), and Belgium ($281M).

Tariffs: In 2018 the average tariff for Special purpose motor vehicles nes was 7.81%, making it the 2907th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Special purpose motor vehicles nes are Thailand (37.6%), Maldives (35%), Bermuda (35%), Poland (31%), and Malaysia (30%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Special purpose motor vehicles nes ranks 2423rd in the Product Complexity Index (PCI).

Description: Special purpose motor vehicles are used in a variety of fields such as construction, mining, agriculture, manufacturing, and other industrial applications. They are specially designed for a specific task to make the operator's job easier.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.24B

Top Destination (2019): Canada, $687M

Special purpose motor vehicles nes are the world's 426th most traded product.

In 2019, the top exporters of Special purpose motor vehicles nes were Germany ($1.24B), United States ($1.23B), Italy ($957M), France ($629M), and China ($411M).

In 2019, the top importers of Special purpose motor vehicles nes were Canada ($687M), United States ($461M), France ($415M), Germany ($406M), and Belgium ($281M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): France, $268M

Top Destination Growth (2018 - 2019): Iraq, $153M

Between 2018 and 2019, the exports of Special purpose motor vehicles nes grew the fastest in France ($268M), Germany ($118M), Czechia ($74.1M), United States ($71.9M), and Austria ($40.5M).

Between 2018 and 2019, the fastest growing importers of Special purpose motor vehicles nes were Iraq ($153M), Belgium ($97M), Germany ($93.7M), Botswana ($83.2M), and Canada ($82.7M).

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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 Special purpose motor vehicles nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Special purpose motor vehicles nes are explained by 18 countries.

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TOP NET EXPORTER (2019): Italy, $880M

TOP NET IMPORTER (2019): Canada, $333M

This map shows which countries export or import more of Special purpose motor vehicles nes. Each country is colored based on the difference in exports and imports of Special purpose motor vehicles nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Special purpose motor vehicles nes were Italy ($880M), Germany ($832M), United States ($774M), China ($310M), and France ($215M).

In 2019, the countries that had a largest trade value in imports than in exports of Special purpose motor vehicles nes were Canada ($333M), Belgium ($221M), Algeria ($208M), United Kingdom ($178M), and Australia ($145M).

Import Tariffs

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In 2018, the average tariff for importing Special purpose motor vehicles nes was 7.81%. The countries with the highest tariffs for importing Special purpose motor vehicles nes were Thailand (37.6%), Maldives (35%), Bermuda (35%), Poland (31%), and Malaysia (30%).

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.