Trailers8716 (Harmonized System 1992 for 4-digit)
World Trade (2019): $28.5B, Rnk 129 / 1217
Top Exporter (2019): $6.22B, Germany
Top Importer (2019): $4.23B, United States
Product Complexity (2019): 0.7, Rnk 261 / 961
Export Growth (CAGR)(2018 - 2019): -4.84%, Rnk 735 / 1217
Mean Tariff (2018): 10.8%, Rnk 382 / 1259
Share of World Trade (2019): 0.16%, Rnk 129 / 1217
Overview: This page contains the latest trade data of Trailers. In 2019, Trailers were the world's 129th most traded product, with a total trade of $28.5B. Between 2018 and 2019 the exports of Trailers decreased by -4.84%, from $30B to $28.5B. Trade in Trailers represent 0.16% of total world trade.
Exports: In 2019 the top exporters of Trailers were Germany ($6.22B), China ($4.21B), United States ($3.69B), Mexico ($2.28B), and Poland ($1.23B).
Imports: In 2019 the top importers of Trailers were United States ($4.23B), Germany ($2.69B), Canada ($2.61B), France ($1.49B), and Netherlands ($1.29B).
Tariffs: In 2018 the average tariff for Trailers was 10.8%, making it the 382nd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Trailers are Maldives (32.4%), Iran (28.7%), Romania (25.7%), Bermuda (25%), and Brazil (24.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking: Trailers ranks 261st in the Product Complexity Index (PCI).
Description: Trailers are used to transport goods from one place to another. They can be made of a variety of materials, including steel, aluminum, and plastic.
Trade By Country
Top Origin (2019): Germany, $6.22B
Top Destination (2019): United States, $4.23B
Trailers are the world's 129th most traded product.
In 2019, the top exporters of Trailers were Germany ($6.22B), China ($4.21B), United States ($3.69B), Mexico ($2.28B), and Poland ($1.23B).
In 2019, the top importers of Trailers were United States ($4.23B), Germany ($2.69B), Canada ($2.61B), France ($1.49B), and Netherlands ($1.29B).
Trade by country
Between 2018 and 2019, the exports of Trailers grew the fastest in Mexico ($372M), Russia ($228M), South Korea ($51.1M), Poland ($41.6M), and Canada ($32.9M).
Between 2018 and 2019, the fastest growing importers of Trailers were Turkey ($118M), Saudi Arabia ($82.1M), China ($57.7M), Mexico ($49.8M), and Nigeria ($35.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Trailers.
In 2019, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Trailers are explained by 18 countries.
This map shows which countries export or import more of Trailers. Each country is colored based on the difference in exports and imports of Trailers during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Trailers were China ($4.01B), Germany ($3.52B), Mexico ($1.4B), Turkey ($347M), and Hungary ($331M).
In 2019, the countries that had a largest trade value in imports than in exports of Trailers were Canada ($2B), France ($844M), United States ($542M), Australia ($479M), and Russia ($399M).
In 2019, the world most traded Trailers, disaggragated by their HS6 level were Trailers nes for the transport of... ($10.7B), Trailer/non-mechanically propelled vehicle parts nes ($8.8B), Wheelbarrows, hand-carts, rickshaws etc ($3.16B), Trailers for housing or camping ($2.08B), and Trailers, semi-trailers nes ($1.83B)
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.
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