HS Icon Transmissions

8483 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $59.1B, Rnk 48 / 1217

2019
Top Exporter | Top Importer
: $12.6B | $9.85B, Germany | United States

2019
Product Complexity
: 1.49, Rnk 49 / 961

2018 - 2019
Export Growth (CAGR)
: -4.38%, Rnk 710 / 1217

2018
Mean Tariff
: 4.65%, Rnk 884 / 1259

 2019
Share of World Trade
: 0.33%, Rnk 48 / 1217

Overview:  This page contains the latest trade data of Transmissions. In 2019, Transmissions were the world's 48th most traded product, with a total trade of $59.1B. Between 2018 and 2019 the exports of Transmissions decreased by -4.38%, from  $61.8B to $59.1B. Trade in Transmissions represent 0.33% of total world trade.

Exports: In 2019 the top exporters of Transmissions  were Germany ($12.6B), China ($7.83B), United States ($6.41B), Japan ($5.18B), and Italy ($3.55B).

Imports: In 2019 the top importers of Transmissions were United States ($9.85B), Germany ($5.44B), China ($4.73B), Mexico ($2.74B), and Canada ($2.69B).

Tariffs: In 2018 the average tariff for Transmissions was 4.65%, making it the 884th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Transmissions are Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (28.9%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Transmissions ranks 49th in the Product Complexity Index (PCI).

Description: Transmission shafts are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Germany, $12.6B

Top Destination (2019): United States, $9.85B

Transmissions are the world's 48th most traded product.

In 2019, the top exporters of Transmissions were Germany ($12.6B), China ($7.83B), United States ($6.41B), Japan ($5.18B), and Italy ($3.55B).

In 2019, the top importers of Transmissions were United States ($9.85B), Germany ($5.44B), China ($4.73B), Mexico ($2.74B), and Canada ($2.69B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $148M

Top Destination Growth (2018 - 2019): Poland, $125M

Between 2018 and 2019, the exports of Transmissions grew the fastest in United States ($148M), Turkey ($103M), United Kingdom ($31.8M), India ($27.1M), and Austria ($18.3M).

Between 2018 and 2019, the fastest growing importers of Transmissions were Poland ($125M), Australia ($47.4M), Russia ($43.4M), Singapore ($36.6M), and Vietnam ($28.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Transmissions.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Transmissions are explained by 18 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Germany, $7.13B

TOP NET IMPORTER (2019): United States, $3.44B

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

In 2019, the countries that had a largest trade value in exports than in imports of Transmissions were Germany ($7.13B), Japan ($3.52B), China ($3.09B), Italy ($1.72B), and Chinese Taipei ($1.08B).

In 2019, the countries that had a largest trade value in imports than in exports of Transmissions were United States ($3.44B), Mexico ($1.6B), Canada ($1.42B), Russia ($735M), and Thailand ($548M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Transmissions, disaggragated by their HS6 level were Gearing, ball screws, speed changers, torque... ($19.5B), Parts of power transmission etc equipment ($11.7B), Transmission shafts and cranks, cam and... ($11.3B), Bearing housings, shafts, without ball/roller bearing ($6.54B), and Flywheels and pulleys including pulley blocks ($5.74B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Transmissions was 4.65%.  The countries with the highest tariffs for importing Transmissions were Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (28.9%), and Samoa (20%).

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.