HS Icon Vacuum pumps

841410 (Harmonized System 1992 for 6-digit)

World Trade (2019): $4.49B, Rnk 687 / 4648

Top Exporter (2019): $1.03B, Germany

Top Importer (2019): $853M, United States

Product Complexity (2019): 1.23, Rnk 461 / 4826

Export Growth (CAGR)(2018 - 2019): -6.25%, Rnk 2835 / 4648

Mean Tariff (2018): 4.91%, Rnk 4210 / 6538

Share of World Trade (2019): 0.025%, Rnk 687 / 4648

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.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.03B

Top Destination (2019): United States, $853M

Vacuum pumps are the world's 687th most traded product.

In 2019, the top exporters of Vacuum pumps were Germany ($1.03B), Japan ($525M), South Korea ($434M), United States ($347M), and China ($344M).

In 2019, the top importers of Vacuum pumps were United States ($853M), China ($682M), Germany ($337M), Chinese Taipei ($221M), and South Korea ($208M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $21.9M

Top Destination Growth (2018 - 2019): Chinese Taipei, $37M

Between 2018 and 2019, the exports of Vacuum pumps grew the fastest in China ($21.9M), Bulgaria ($17.4M), Italy ($14.6M), Turkey ($14.4M), and United States ($10.8M).

Between 2018 and 2019, the fastest growing importers of Vacuum pumps were Chinese Taipei ($37M), Russia ($14M), India ($9.64M), Vietnam ($8.66M), and Indonesia ($7.85M).

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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 Vacuum pumps.

In 2019,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Vacuum pumps are explained by 15 countries.

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TOP NET EXPORTER (2019): Germany, $698M

TOP NET IMPORTER (2019): United States, $506M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Vacuum pumps were Germany ($698M), Japan ($382M), South Korea ($227M), Czechia ($139M), and Italy ($122M).

In 2019, the countries that had a largest trade value in imports than in exports of Vacuum pumps were United States ($506M), China ($338M), Chinese Taipei ($149M), Singapore ($89.6M), and Spain ($66.2M).

Import Tariffs

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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%).

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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.