HS Icon Water tube boilers, steam production < 45T per hour

840211 (Harmonized System 1992 for 6-digit)

World Trade (2018): $572M, Rnk 2646 / 4726

Top Exporter (2018): $141M, South Korea

Top Importer (2018): $117M, United States

Product Complexity (2018): 0.8, Rnk 652 / 2722

Export Growth (CAGR)(2017 - 2018): -13.9%, Rnk 4405 / 4726

Mean Tariff (2018): 5.99%, Rnk 3596 / 6538

Share of World Trade (2018): 0.0031%, Rnk 2646 / 4726

Overview:  This page contains the latest trade data of Water tube boilers, steam production < 45T per hour. In 2018, Water tube boilers, steam production < 45T per hour were the world's 2646th most traded product, with a total trade of $572M. Between 2017 and 2018 the exports of Water tube boilers, steam production < 45T per hour decreased by -13.9%, from  $664M to $572M. Trade in Water tube boilers, steam production < 45T per hour represent 0.0031% of total world trade.

Exports: In 2018 the top exporters of Water tube boilers, steam production < 45T per hour  were South Korea ($141M), India ($107M), China ($72.8M), Italy ($58.4M), and Germany ($39.9M).

Imports: In 2018 the top importers of Water tube boilers, steam production < 45T per hour were United States ($117M), Mexico ($36.7M), Indonesia ($35.5M), France ($32.7M), and Saudi Arabia ($31.8M).

Tariffs: In 2018 the average tariff for Water tube boilers, steam production < 45T per hour was 5.99%, making it the 3596th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Water tube boilers, steam production < 45T per hour are Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Iran (20%), and Malaysia (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Water tube boilers, steam production < 45T per hour ranks 652nd in the Product Complexity Index (PCI).

Description: Water tube boilers are used in situations where less than 45t of steam is needed per hour. They are used to produce steam or hot water for steam-heating, industrial processes, and the production of electricity.

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $141M

Top Destination (2018): United States, $117M

Water tube boilers, steam production < 45T per hour are the world's 2646th most traded product.

In 2018, the top exporters of Water tube boilers, steam production < 45T per hour were South Korea ($141M), India ($107M), China ($72.8M), Italy ($58.4M), and Germany ($39.9M).

In 2018, the top importers of Water tube boilers, steam production < 45T per hour were United States ($117M), Mexico ($36.7M), Indonesia ($35.5M), France ($32.7M), and Saudi Arabia ($31.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $60.5M

Top Destination Growth (2017 - 2018): United States, $117M

Between 2017 and 2018, the exports of Water tube boilers, steam production < 45T per hour grew the fastest in India ($60.5M), Italy ($32.6M), Mexico ($15M), United States ($13.5M), and Germany ($13.4M).

Between 2017 and 2018, the fastest growing importers of Water tube boilers, steam production < 45T per hour were United States ($117M), Mexico ($35.5M), Saudi Arabia ($31.7M), Oman ($28.5M), and Bangladesh ($22.8M).

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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 Water tube boilers, steam production < 45T per hour.

In 2018,  market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Water tube boilers, steam production < 45T per hour are explained by 11 countries.

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TOP NET EXPORTER (2018): South Korea, $137M

TOP NET IMPORTER (2018): United States, $82.1M

This map shows which countries export or import more of Water tube boilers, steam production < 45T per hour. Each country is colored based on the difference in exports and imports of Water tube boilers, steam production < 45T per hour during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Water tube boilers, steam production < 45T per hour were South Korea ($137M), India ($101M), China ($71.7M), Italy ($58.4M), and Germany ($38.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Water tube boilers, steam production < 45T per hour were United States ($82.1M), Indonesia ($35.4M), Saudi Arabia ($31.6M), France ($31.2M), and Kazakhstan ($30.2M).

Import Tariffs

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In 2018, the average tariff for importing Water tube boilers, steam production < 45T per hour was 5.99%.  The countries with the highest tariffs for importing Water tube boilers, steam production < 45T per hour were Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Iran (20%), and Malaysia (20%).

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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.