HS Icon Vacuum pumps

841410 (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%).

Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $207M

Top Destination Growth (2017 - 2018): China, $185M

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).

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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 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.

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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).

Trade Forecasts

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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.

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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.