HS Icon Trucks nes

870490 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Trucks nes. In 2019, Trucks nes were the world's 1749th most traded product, with a total trade of $1.25B. Between 2018 and 2019 the exports of Trucks nes grew by 36.3%, from $918M to $1.25B. Trade in Trucks nes represent 0.0069% of total world trade.

Exports In 2019 the top exporters of Trucks nes  were Spain ($352M), United States ($171M), China ($99.1M), France ($91.8M), and United Kingdom ($90.1M).

Imports In 2019 the top importers of Trucks nes were United Kingdom ($171M), Netherlands ($92.9M), Germany ($84.9M), Norway ($72.6M), and United Arab Emirates ($56M).

Tariffs In 2018 the average tariff for Trucks nes was 11.2%, making it the 1939th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Trucks nes are Vietnam (45.1%), Indonesia (41.4%), Thailand (37.9%), Sudan (35%), and Brazil (34.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking Trucks nes ranks 3877th in the Product Complexity Index (PCI).

Description Trucks are used to transport heavy goods and materials over long distances.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $352M

Top Destination (2019): United Kingdom, $171M

Trucks nes are the world's 1749th most traded product.

In 2019, the top exporters of Trucks nes were Spain ($352M), United States ($171M), China ($99.1M), France ($91.8M), and United Kingdom ($90.1M).

In 2019, the top importers of Trucks nes were United Kingdom ($171M), Netherlands ($92.9M), Germany ($84.9M), Norway ($72.6M), and United Arab Emirates ($56M).

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Market Dynamics

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Trade by country

Value

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

Top Destination Growth (2018 - 2019): United Kingdom, $87M

Between 2018 and 2019, the exports of Trucks nes grew the fastest in Spain ($148M), United States ($65.6M), China ($47.6M), Japan ($34.3M), and Italy ($26.3M).

Between 2018 and 2019, the fastest growing importers of Trucks nes were United Kingdom ($87M), United Arab Emirates ($53.4M), Germany ($47.1M), Netherlands ($30.1M), and United States ($18M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Trucks nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Trucks nes are explained by 14 countries.

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TOP NET EXPORTER (2019): Spain, $309M

TOP NET IMPORTER (2019): United Kingdom, $81.1M

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

In 2019, the countries that had a largest trade value in exports than in imports of Trucks nes were Spain ($309M), United States ($121M), China ($97.8M), Japan ($77.2M), and France ($39.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Trucks nes were United Kingdom ($81.1M), Netherlands ($71.6M), Norway ($71.5M), United Arab Emirates ($53.6M), and Singapore ($36.8M).

Import Tariffs

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In 2018, the average tariff for importing Trucks nes was 11.2%. The countries with the highest tariffs for importing Trucks nes were Vietnam (45.1%), Indonesia (41.4%), Thailand (37.9%), Sudan (35%), and Brazil (34.1%).

Product Complexity

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Diversification Frontier

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Specialization

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.