Steam Boilers8402 (Harmonized System 1992 for 4-digit)
World Trade (2018): $4.97B, Rnk 502 / 1225
Top Exporter (2018): $1.14B, China
Top Importer (2018): $687M, Indonesia
Product Complexity (2018): 0.55, Rnk 350 / 1018
Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 450 / 1225
Mean Tariff (2018): 5.46%, Rnk 754 / 1259
Share of World Trade (2018): 0.027%, Rnk 502 / 1225
Overview: This page contains the latest trade data of Steam Boilers. In 2018, Steam Boilers were the world's 502nd most traded product, with a total trade of $4.97B. Between 2017 and 2018 the exports of Steam Boilers grew by 16.6%, from $4.26B to $4.97B. Trade in Steam Boilers represent 0.027% of total world trade.
Exports: In 2018 the top exporters of Steam Boilers were China ($1.14B), South Korea ($750M), Germany ($421M), India ($419M), and Japan ($391M).
Imports: In 2018 the top importers of Steam Boilers were Indonesia ($687M), United States ($351M), Japan ($220M), Bangladesh ($217M), and Vietnam ($174M).
Tariffs: In 2018 the average tariff for Steam Boilers was 5.46%, been the 754 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Steam Boilers are Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Maldives (19.6%), and Pakistan (15.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Steam Boilers ranks 350th in the Product Complexity Index (PCI).
Trade By Country
Steam Boilers are the world's 502nd most traded product.
In 2018, the top exporters of Steam Boilers were China ($1.14B), South Korea ($750M), Germany ($421M), India ($419M), and Japan ($391M).
In 2018, the top importers of Steam Boilers were Indonesia ($687M), United States ($351M), Japan ($220M), Bangladesh ($217M), and Vietnam ($174M).
Trade by country
Between 2017 and 2018, the exports of Steam Boilers grew the fastest in China ($235M), India ($210M), Germany ($146M), Italy ($99.1M), and Japan ($72.7M).
Between 2017 and 2018, the fastest growing importers of Steam Boilers were Indonesia ($421M), United States ($320M), Bangladesh ($146M), Uzbekistan ($127M), and Greece ($67.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Steam Boilers.
In 2018, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Steam Boilers are explained by 17 countries.
This map shows which countries export or import more of Steam Boilers. Each country is colored based on the difference in exports and imports of Steam Boilers during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Steam Boilers were China ($993M), South Korea ($643M), Germany ($357M), India ($355M), and Italy ($256M).
In 2018, the countries that had a largest trade value in imports than in exports of Steam Boilers were Indonesia ($668M), Bangladesh ($217M), United States ($170M), Saudi Arabia ($139M), and Uzbekistan ($135M).
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v4.0.2 ant