Overview: This page contains the latest trade data of Vacuum pumps. In 2019, Vacuum pumps were the world's 687th most traded product, with a total trade of $4.49B. Between 2018 and 2019 the exports of Vacuum pumps decreased by -6.25%, from $4.79B to $4.49B. Trade in Vacuum pumps represent 0.025% of total world trade.
Exports: In 2019 the top exporters of Vacuum pumps were Germany ($1.03B), Japan ($525M), South Korea ($434M), United States ($347M), and China ($344M).
Imports: In 2019 the top importers of Vacuum pumps were United States ($853M), China ($682M), Germany ($337M), Chinese Taipei ($221M), and South Korea ($208M).
Tariffs: In 2018 the average tariff for Vacuum pumps was 4.91%, making it the 4210th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Vacuum pumps are Bahamas (40.2%), Bermuda (25%), Iran (20%), Republic of the Congo (19.6%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Armenia (0%), and Hong Kong (0%).
Ranking: Vacuum pumps ranks 461st in the Product Complexity Index (PCI).
Description: Vacuum pumps are used to create a vacuum in a system in order to reduce the pressure in the system. This is often done in order to get a better seal on the system, or to remove air from the system.