Vacuum pumps841410 (Harmonized System 1992 for 6-digit)
World Trade (2018): $4.79B, Rnk 664 / 4726
Top Exporter (2018): $1.14B, Germany
Top Importer (2018): $914M, United States
Export Growth (CAGR)(2017 - 2018): 11.5%, Rnk 2440 / 4726
Mean Tariff (2018): 4.91%, Rnk 4210 / 6538
Share of World Trade (2018): 0.026%, Rnk 664 / 4726
Overview: This page contains the latest trade data of Vacuum pumps. In 2018, Vacuum pumps were the world's 664th most traded product, with a total trade of $4.79B. Between 2017 and 2018 the exports of Vacuum pumps grew by 11.5%, from $4.29B to $4.79B. Trade in Vacuum pumps represent 0.026% of total world trade.
Exports: In 2018 the top exporters of Vacuum pumps were Germany ($1.14B), Japan ($625M), South Korea ($468M), United States ($330M), and China ($322M).
Imports: In 2018 the top importers of Vacuum pumps were United States ($914M), China ($805M), Germany ($334M), South Korea ($287M), and Chinese Taipei ($184M).
Tariffs: In 2018 the average tariff for Vacuum pumps was 4.91%, been the 4210 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%).
Trade By Country
Top Origin (2018): Germany, $1.14B
Top Destination (2018): United States, $914M
Vacuum pumps are the world's 664th most traded product.
In 2018, the top exporters of Vacuum pumps were Germany ($1.14B), Japan ($625M), South Korea ($468M), United States ($330M), and China ($322M).
In 2018, the top importers of Vacuum pumps were United States ($914M), China ($805M), Germany ($334M), South Korea ($287M), and Chinese Taipei ($184M).
Trade by country
Between 2017 and 2018, the exports of Vacuum pumps grew the fastest in Germany ($207M), South Korea ($59.8M), China ($44.6M), Netherlands ($32.4M), and United States ($28.5M).
Between 2017 and 2018, the fastest growing importers of Vacuum pumps were China ($185M), United States ($138M), Germany ($40.9M), Italy ($23.7M), and Spain ($20.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Vacuum pumps.
In 2018, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Vacuum pumps are explained by 15 countries.
TOP NET EXPORTER (2018): Germany, $803M
TOP NET IMPORTER (2018): United States, $584M
This map shows which countries export or import more of Vacuum pumps. Each country is colored based on the difference in exports and imports of Vacuum pumps during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Vacuum pumps were Germany ($803M), Japan ($474M), South Korea ($181M), France ($144M), and Czechia ($142M).
In 2018, the countries that had a largest trade value in imports than in exports of Vacuum pumps were United States ($584M), China ($483M), Chinese Taipei ($111M), Singapore ($96.1M), and Spain ($63.3M).
This section shows forecasts for total trade for Vacuum pumps. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
In 2018, the average tariff for importing Vacuum pumps was 4.91%. The countries with the highest tariffs for importing Vacuum pumps were Bahamas (40.2%), Bermuda (25%), Iran (20%), Republic of the Congo (19.6%), and Maldives (19.6%).
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v4.0.1 ant