HS Icon Transmissions for motor vehicles

870840 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $68.1B, Rnk 30 / 4648

2019
Top Exporter | Top Importer
: $16.5B | $9.95B, Japan | China

2019
Product Complexity
: 1.38, Rnk 307 / 4826

2018 - 2019
Export Growth (CAGR)
: -7.07%, Rnk 2988 / 4648

2018
Mean Tariff
: 7.91%, Rnk 2868 / 6538

 2019
Share of World Trade
: 0.38%, Rnk 30 / 4648

Overview:  This page contains the latest trade data of Transmissions for motor vehicles. In 2019, Transmissions for motor vehicles were the world's 30th most traded product, with a total trade of $68.1B. Between 2018 and 2019 the exports of Transmissions for motor vehicles decreased by -7.07%, from  $73.3B to $68.1B. Trade in Transmissions for motor vehicles represent 0.38% of total world trade.

Exports: In 2019 the top exporters of Transmissions for motor vehicles  were Japan ($16.5B), Germany ($16.1B), United States ($7.92B), Mexico ($4.73B), and South Korea ($3.05B).

Imports: In 2019 the top importers of Transmissions for motor vehicles were China ($9.95B), United States ($9.76B), Mexico ($5.99B), Germany ($5.71B), and Canada ($3.24B).

Tariffs: In 2018 the average tariff for Transmissions for motor vehicles was 7.91%, making it the 2868th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Transmissions for motor vehicles are Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Sri Lanka (29.3%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Transmissions for motor vehicles ranks 307th in the Product Complexity Index (PCI).

Description: Transmissions are used to convert the power from the engine to the wheels in a car. They also change the gears in a car and move the car.

Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $16.5B

Top Destination (2019): China, $9.95B

Transmissions for motor vehicles are the world's 30th most traded product.

In 2019, the top exporters of Transmissions for motor vehicles were Japan ($16.5B), Germany ($16.1B), United States ($7.92B), Mexico ($4.73B), and South Korea ($3.05B).

In 2019, the top importers of Transmissions for motor vehicles were China ($9.95B), United States ($9.76B), Mexico ($5.99B), Germany ($5.71B), and Canada ($3.24B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $212M

Top Destination Growth (2018 - 2019): Belgium, $535M

Between 2018 and 2019, the exports of Transmissions for motor vehicles grew the fastest in Mexico ($212M), Italy ($191M), Hungary ($146M), Poland ($65.8M), and Turkey ($23.2M).

Between 2018 and 2019, the fastest growing importers of Transmissions for motor vehicles were Belgium ($535M), Hungary ($272M), Mexico ($87.2M), Uzbekistan ($68M), and Czechia ($66M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Transmissions for motor vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Transmissions for motor vehicles are explained by 12 countries.

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TOP NET EXPORTER (2019): Japan, $15.6B

TOP NET IMPORTER (2019): China, $8.49B

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

In 2019, the countries that had a largest trade value in exports than in imports of Transmissions for motor vehicles were Japan ($15.6B), Germany ($10.4B), South Korea ($2.1B), Romania ($801M), and Italy ($456M).

In 2019, the countries that had a largest trade value in imports than in exports of Transmissions for motor vehicles were China ($8.49B), Canada ($2.18B), United States ($1.84B), Brazil ($1.78B), and Spain ($1.7B).

Import Tariffs

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In 2018, the average tariff for importing Transmissions for motor vehicles was 7.91%.  The countries with the highest tariffs for importing Transmissions for motor vehicles were Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Sri Lanka (29.3%).

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Product Complexity

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Diversification Frontier

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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.