Transmissions8483 (Harmonized System 1992 for 4-digit)
2018 World Trade: $61.8B, Rnk 655 / 30980
2019 Product Complexity: 1.49, Rnk 49 / 961
2018 - 2018 Export Growth (CAGR): -4.38%, Rnk 710 / 1217
2018 Mean Tariff: 4.61%, Rnk 900 / 1259
2018 Share of World Trade: 0.021%, Rnk 655 / 30980
Overview This page contains the latest trade data of Transmissions. In 2018, Transmissions were the world's 655th most traded product, with a total trade of $61.8B. Between 2018 and 2018 the exports of Transmissions decreased by -4.38%, from $61.8B to $61.8B. Trade in Transmissions represent 0.021% of total world trade.
Imports In 2018 the top importers of Transmissions were United States ($142B), Germany ($82.5B), China ($60.9B), Canada ($42.3B), and France ($40.3B).
Tariffs In 2018 the average tariff for Transmissions was 4.61%, making it the 900th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Transmissions are Bahamas (42.6%), Bermuda (35%), and Maldives (34.2%). 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.
The following visualization shows the latest trends on Transmissions. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using October 2021 exchange rates when trade data is reported in local currency.
Trade By Country
Top Destination (N/A): United States, $142B
Transmissions are the world's 655th most traded product.
In 2018, the top importers of Transmissions were United States ($142B), Germany ($82.5B), China ($60.9B), Canada ($42.3B), and France ($40.3B).
Trade by country
Top Origin Growth (2018 - 2019): United States, $148M
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).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Transmissions.
In 2018, market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Transmissions are explained by 18 countries.
TOP NET EXPORTER (2018): Germany, $124B
TOP NET IMPORTER (2018): United States, $44.7B
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 2018.
In N/A, the countries that had a largest trade value in exports than in imports of Transmissions were Germany ($124B), Japan ($80.6B), Italy ($28.7B), China ($14.8B), and Chinese Taipei ($9.34B).
In N/A, the countries that had a largest trade value in imports than in exports of Transmissions were United States ($44.7B), Canada ($18.4B), Mexico ($17.4B), Thailand ($9.08B), and Netherlands ($9.01B).
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)
This visualization shows the countries that have an important ratio of their trade related to Transmissions. It is possible to select the main countries that export or import Transmissions in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Transmissions was 4.61%. The countries with the highest tariffs for importing Transmissions were Bahamas (42.6%), Bermuda (35%), and Maldives (34.2%).
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.