HS Icon Trailers

8716 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $28.5B, Rnk 129 / 1217

2019
Top Exporter | Top Importer
: $6.22B | $4.23B, Germany | United States

2019
Product Complexity
: 0.7, Rnk 261 / 961

2018 - 2019
Export Growth (CAGR)
: -4.84%, Rnk 735 / 1217

2018
Mean Tariff
: 10.8%, Rnk 382 / 1259

 2019
Share of World Trade
: 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.

Exporters and Importers

#permalink to section

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).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $372M

Top Destination Growth (2018 - 2019): Turkey, $118M

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).

Explore Visualizations

Market Concentration

#permalink to section

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.

Explore Visualizations

TOP NET EXPORTER (2019): China, $4.01B

TOP NET IMPORTER (2019): Canada, $2B

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).

Disaggregation

#permalink to section
Value

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)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Trailers was 10.8%.  The countries with the highest tariffs for importing Trailers were Maldives (32.4%), Iran (28.7%), Romania (25.7%), Bermuda (25%), and Brazil (24.8%).

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.