HS Icon Specialized Vehicles

8705 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Specialized Vehicles. In 2019, Specialized Vehicles were the world's 252nd most traded product, with a total trade of $14.2B. Between 2018 and 2019 the exports of Specialized Vehicles grew by 2.5%, from $13.8B to $14.2B. Trade in Specialized Vehicles represent 0.078% of total world trade.

Exports: In 2019 the top exporters of Specialized Vehicles  were Germany ($4.12B), United States ($1.78B), China ($1.24B), Italy ($1.16B), and France ($718M).

Imports: In 2019 the top importers of Specialized Vehicles were United States ($1.15B), Canada ($991M), France ($699M), Germany ($652M), and United Kingdom ($438M).

Tariffs: In 2018 the average tariff for Specialized Vehicles was 7.87%, making it the 552nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Specialized Vehicles are Maldives (35%), Bermuda (35%), Poland (31%), Malaysia (30%), and Pakistan (29.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Specialized Vehicles ranks 515th in the Product Complexity Index (PCI).

Description: Special purpose motor vehicles are used for the transportation of goods and materials. They can be made from a variety of materials, including steel, aluminum, plastic, and fiberglass.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $4.12B

Top Destination (2019): United States, $1.15B

Specialized Vehicles are the world's 252nd most traded product.

In 2019, the top exporters of Specialized Vehicles were Germany ($4.12B), United States ($1.78B), China ($1.24B), Italy ($1.16B), and France ($718M).

In 2019, the top importers of Specialized Vehicles were United States ($1.15B), Canada ($991M), France ($699M), Germany ($652M), and United Kingdom ($438M).

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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, $164M

Between 2018 and 2019, the exports of Specialized Vehicles grew the fastest in France ($268M), Austria ($157M), Germany ($115M), Czechia ($86.1M), and Italy ($52.2M).

Between 2018 and 2019, the fastest growing importers of Specialized Vehicles were Iraq ($164M), Germany ($160M), Indonesia ($108M), Canada ($94.9M), and Belgium ($89.5M).

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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 Specialized Vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Specialized Vehicles are explained by 16 countries.

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TOP NET EXPORTER (2019): Germany, $3.47B

TOP NET IMPORTER (2019): Canada, $534M

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

In 2019, the countries that had a largest trade value in exports than in imports of Specialized Vehicles were Germany ($3.47B), Italy ($1B), China ($923M), United States ($629M), and Austria ($333M).

In 2019, the countries that had a largest trade value in imports than in exports of Specialized Vehicles were Canada ($534M), Australia ($382M), United Kingdom ($309M), Algeria ($274M), and Belgium ($268M).

Disaggregation

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Value

In 2019, the world most traded Specialized Vehicles, disaggragated by their HS6 level were Special purpose motor vehicles nes ($7.35B), Mobile cranes ($4.03B), Fire fighting vehicles ($1.58B), Mobile concrete mixers ($1.07B), and Mobile drilling derricks ($138M)

Import Tariffs

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In 2018, the average tariff for importing Specialized Vehicles was 7.87%. The countries with the highest tariffs for importing Specialized Vehicles were Maldives (35%), Bermuda (35%), Poland (31%), Malaysia (30%), and Pakistan (29.8%).

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 Specialized Vehicles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.