HS Icon Work Trucks

8709 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.59B, Rnk 796 / 1225

Top Exporter (2018): $240M, United States

Top Importer (2018): $178M, United States

Product Complexity (2018): 0.77, Rnk 257 / 1018

Export Growth (CAGR)(2017 - 2018): 34.9%, Rnk 136 / 1225

Mean Tariff (2018): 7.24%, Rnk 603 / 1259

Share of World Trade (2018): 0.0087%, Rnk 796 / 1225

Overview:  This page contains the latest trade data of Work Trucks. In 2018, Work Trucks were the world's 796th most traded product, with a total trade of $1.59B. Between 2017 and 2018 the exports of Work Trucks grew by 34.9%, from  $1.18B to $1.59B. Trade in Work Trucks represent 0.0087% of total world trade.

Exports: In 2018 the top exporters of Work Trucks  were United States ($240M), Germany ($183M), France ($140M), Netherlands ($125M), and China ($109M).

Imports: In 2018 the top importers of Work Trucks were United States ($178M), Netherlands ($139M), Germany ($76.9M), China ($66.1M), and United Kingdom ($66M).

Tariffs: In 2018 the average tariff for Work Trucks was 7.24%, been the 603 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Work Trucks are Pakistan (31.7%), Maldives (27.4%), Bermuda (26.3%), Romania (25.7%), and Nepal (18.1%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Work Trucks ranks 257th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $240M

Top Destination (2018): United States, $178M

Work Trucks are the world's 796th most traded product.

In 2018, the top exporters of Work Trucks were United States ($240M), Germany ($183M), France ($140M), Netherlands ($125M), and China ($109M).

In 2018, the top importers of Work Trucks were United States ($178M), Netherlands ($139M), Germany ($76.9M), China ($66.1M), and United Kingdom ($66M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $102M

Top Destination Growth (2017 - 2018): United States, $75.2M

Between 2017 and 2018, the exports of Work Trucks grew the fastest in United States ($102M), Netherlands ($74M), Saudi Arabia ($58.4M), Chinese Taipei ($22.2M), and France ($21.5M).

Between 2017 and 2018, the fastest growing importers of Work Trucks were United States ($75.2M), Singapore ($47.8M), Germany ($33.9M), Canada ($33M), and United Kingdom ($26.3M).

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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 Work Trucks.

In 2018,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Work Trucks are explained by 23 countries.

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TOP NET EXPORTER (2018): Germany, $106M

TOP NET IMPORTER (2018): Singapore, $45.1M

This map shows which countries export or import more of Work Trucks. Each country is colored based on the difference in exports and imports of Work Trucks during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Work Trucks were Germany ($106M), France ($75.2M), Sweden ($65.2M), United States ($62.7M), and China ($43.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Work Trucks were Singapore ($45.1M), Australia ($27.4M), United Arab Emirates ($21M), New Zealand ($17.1M), and Canada ($16.7M).

Import Tariffs

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In 2018, the average tariff for importing Work Trucks was 7.24%.  The countries with the highest tariffs for importing Work Trucks were Pakistan (31.7%), Maldives (27.4%), Bermuda (26.3%), Romania (25.7%), and Nepal (18.1%).

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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.