HS Icon Unit construction machines, metal work

845720 (Harmonized System 1992 for 6-digit)

World Trade (2019): $128M, Rnk 3947 / 4648

Top Exporter (2019): $22.5M, Germany

Top Importer (2019): $18M, India

Product Complexity (2019): 0.76, Rnk 1174 / 4826

Export Growth (CAGR)(2018 - 2019): -22.2%, Rnk 4274 / 4648

Mean Tariff (2018): 4.56%, Rnk 4472 / 6538

Share of World Trade (2019): 0.00071%, Rnk 3947 / 4648

Overview:  This page contains the latest trade data of Unit construction machines, metal work. In 2019, Unit construction machines, metal work were the world's 3947th most traded product, with a total trade of $128M. Between 2018 and 2019 the exports of Unit construction machines, metal work decreased by -22.2%, from  $164M to $128M. Trade in Unit construction machines, metal work represent 0.00071% of total world trade.

Exports: In 2019 the top exporters of Unit construction machines, metal work  were Germany ($22.5M), Italy ($15.7M), United States ($12.9M), Japan ($12.5M), and Spain ($11.4M).

Imports: In 2019 the top importers of Unit construction machines, metal work were India ($18M), China ($16.3M), United States ($7.6M), Ireland ($6.5M), and Italy ($5.73M).

Tariffs: In 2018 the average tariff for Unit construction machines, metal work was 4.56%, making it the 4472nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Unit construction machines, metal work are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Unit construction machines, metal work ranks 1174th in the Product Complexity Index (PCI).

Description: Unit construction machines are used to manufacture buildings. A metal worker may use a unit construction machine to construct the metal framework of a building.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $22.5M

Top Destination (2019): India, $18M

Unit construction machines, metal work are the world's 3947th most traded product.

In 2019, the top exporters of Unit construction machines, metal work were Germany ($22.5M), Italy ($15.7M), United States ($12.9M), Japan ($12.5M), and Spain ($11.4M).

In 2019, the top importers of Unit construction machines, metal work were India ($18M), China ($16.3M), United States ($7.6M), Ireland ($6.5M), and Italy ($5.73M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Japan, $6.49M

Top Destination Growth (2018 - 2019): India, $8.55M

Between 2018 and 2019, the exports of Unit construction machines, metal work grew the fastest in Japan ($6.49M), Denmark ($4.4M), France ($2.49M), United States ($2.28M), and Netherlands ($2.2M).

Between 2018 and 2019, the fastest growing importers of Unit construction machines, metal work were India ($8.55M), Ireland ($6.36M), Belgium ($3.62M), Turkey ($3.14M), and Indonesia ($2.16M).

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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 Unit construction machines, metal work.

In 2019,  market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Unit construction machines, metal work are explained by 16 countries.

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TOP NET EXPORTER (2019): Germany, $18.9M

TOP NET IMPORTER (2019): India, $17.1M

This map shows which countries export or import more of Unit construction machines, metal work. Each country is colored based on the difference in exports and imports of Unit construction machines, metal work during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Unit construction machines, metal work were Germany ($18.9M), Japan ($12.2M), Italy ($10M), Denmark ($7.99M), and Spain ($7.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Unit construction machines, metal work were India ($17.1M), China ($12M), Ireland ($5.8M), Belgium ($5.27M), and Turkey ($4.01M).

Import Tariffs

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In 2018, the average tariff for importing Unit construction machines, metal work was 4.56%.  The countries with the highest tariffs for importing Unit construction machines, metal work were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.5%).

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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.