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.
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.
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).
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.
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).
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.