HS Icon Trailer/non-mechanically propelled vehicle parts nes

871690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $9.24B, Rnk 336 / 4726

Top Exporter (2018): $2.03B, Germany

Top Importer (2018): $1.63B, Germany

Product Complexity (2018): 0.58, Rnk 896 / 2722

Export Growth (CAGR)(2017 - 2018): 6.1%, Rnk 3201 / 4726

Mean Tariff (2018): 7.88%, Rnk 2876 / 6538

Share of World Trade (2018): 0.05%, Rnk 336 / 4726

Overview:  This page contains the latest trade data of Trailer/non-mechanically propelled vehicle parts nes. In 2018, Trailer/non-mechanically propelled vehicle parts nes were the world's 336th most traded product, with a total trade of $9.24B. Between 2017 and 2018 the exports of Trailer/non-mechanically propelled vehicle parts nes grew by 6.1%, from  $8.71B to $9.24B. Trade in Trailer/non-mechanically propelled vehicle parts nes represent 0.05% of total world trade.

Exports: In 2018 the top exporters of Trailer/non-mechanically propelled vehicle parts nes  were Germany ($2.03B), China ($1.87B), United States ($928M), Hungary ($504M), and Netherlands ($437M).

Imports: In 2018 the top importers of Trailer/non-mechanically propelled vehicle parts nes were Germany ($1.63B), United States ($1.05B), Mexico ($515M), France ($502M), and Netherlands ($459M).

Tariffs: In 2018 the average tariff for Trailer/non-mechanically propelled vehicle parts nes was 7.88%, making it the 2876th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Trailer/non-mechanically propelled vehicle parts nes are Pakistan (35%), Maldives (30.9%), Romania (25.7%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Indonesia (0%), Japan (0%), and Singapore (0%).

Ranking: Trailer/non-mechanically propelled vehicle parts nes ranks 896th in the Product Complexity Index (PCI).

Description: Trailers and non-mechanically propelled vehicles are used for moving heavy items. Parts are necessary for making sure the trailers are functioning properly and are safely towed.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $2.03B

Top Destination (2018): Germany, $1.63B

Trailer/non-mechanically propelled vehicle parts nes are the world's 336th most traded product.

In 2018, the top exporters of Trailer/non-mechanically propelled vehicle parts nes were Germany ($2.03B), China ($1.87B), United States ($928M), Hungary ($504M), and Netherlands ($437M).

In 2018, the top importers of Trailer/non-mechanically propelled vehicle parts nes were Germany ($1.63B), United States ($1.05B), Mexico ($515M), France ($502M), and Netherlands ($459M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $208M

Top Destination Growth (2017 - 2018): United States, $217M

Between 2017 and 2018, the exports of Trailer/non-mechanically propelled vehicle parts nes grew the fastest in United States ($208M), China ($127M), Poland ($47.5M), Austria ($43.3M), and Brazil ($40.4M).

Between 2017 and 2018, the fastest growing importers of Trailer/non-mechanically propelled vehicle parts nes were United States ($217M), Poland ($94M), Mexico ($88.6M), Canada ($64.9M), and Argentina ($37.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Trailer/non-mechanically propelled vehicle parts nes.

In 2018,  market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Trailer/non-mechanically propelled vehicle parts nes are explained by 16 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $1.79B

TOP NET IMPORTER (2018): Mexico, $431M

This map shows which countries export or import more of Trailer/non-mechanically propelled vehicle parts nes. Each country is colored based on the difference in exports and imports of Trailer/non-mechanically propelled vehicle parts nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Trailer/non-mechanically propelled vehicle parts nes were China ($1.79B), Germany ($407M), Hungary ($318M), Italy ($180M), and Slovakia ($88.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Trailer/non-mechanically propelled vehicle parts nes were Mexico ($431M), United Kingdom ($319M), France ($277M), Russia ($257M), and Canada ($243M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Trailer/non-mechanically propelled vehicle parts nes was 7.88%.  The countries with the highest tariffs for importing Trailer/non-mechanically propelled vehicle parts nes were Pakistan (35%), Maldives (30.9%), Romania (25.7%), Algeria (25.6%), and Bermuda (25%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.