HS Icon Work trucks except electrically powered

870919 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Work trucks except electrically powered. In 2019, Work trucks except electrically powered were the world's 2376th most traded product, with a total trade of $731M. Between 2018 and 2019 the exports of Work trucks except electrically powered decreased by -4.08%, from $762M to $731M. Trade in Work trucks except electrically powered represent 0.004% of total world trade.

Exports In 2019 the top exporters of Work trucks except electrically powered  were United States ($148M), Netherlands ($79M), Germany ($72.7M), France ($56.8M), and China ($51.4M).

Imports In 2019 the top importers of Work trucks except electrically powered were Netherlands ($71.1M), United States ($70.3M), South Korea ($45.1M), Australia ($44.8M), and Canada ($36.9M).

Tariffs In 2018 the average tariff for Work trucks except electrically powered was 7.41%, making it the 3043rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Work trucks except electrically powered are Bermuda (35%), Maldives (34.2%), Pakistan (30%), Romania (25.7%), and Iran (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Work trucks except electrically powered ranks 1839th in the Product Complexity Index (PCI).

Description Work trucks are a type of truck designed to be used in construction, repair, and similar projects. Some of the common uses of work trucks include being used in moving construction materials or in a construction zone.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $148M

Top Destination (2019): Netherlands, $71.1M

Work trucks except electrically powered are the world's 2376th most traded product.

In 2019, the top exporters of Work trucks except electrically powered were United States ($148M), Netherlands ($79M), Germany ($72.7M), France ($56.8M), and China ($51.4M).

In 2019, the top importers of Work trucks except electrically powered were Netherlands ($71.1M), United States ($70.3M), South Korea ($45.1M), Australia ($44.8M), and Canada ($36.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $24.7M

Top Destination Growth (2018 - 2019): South Korea, $27.8M

Between 2018 and 2019, the exports of Work trucks except electrically powered grew the fastest in Singapore ($24.7M), South Korea ($22.3M), Italy ($14.2M), Poland ($10.7M), and Vietnam ($10.4M).

Between 2018 and 2019, the fastest growing importers of Work trucks except electrically powered were South Korea ($27.8M), Singapore ($22.9M), Vietnam ($10M), Kuwait ($7.87M), and Saudi Arabia ($7.07M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Work trucks except electrically powered.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Work trucks except electrically powered are explained by 18 countries.

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TOP NET EXPORTER (2019): United States, $77.7M

TOP NET IMPORTER (2019): Australia, $39.5M

This map shows which countries export or import more of Work trucks except electrically powered. Each country is colored based on the difference in exports and imports of Work trucks except electrically powered during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Work trucks except electrically powered were United States ($77.7M), Germany ($54.2M), France ($44.1M), China ($37M), and Sweden ($14.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Work trucks except electrically powered were Australia ($39.5M), Canada ($18M), Saudi Arabia ($15.1M), Spain ($12.9M), and New Zealand ($10.5M).

Import Tariffs

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In 2018, the average tariff for importing Work trucks except electrically powered was 7.41%. The countries with the highest tariffs for importing Work trucks except electrically powered were Bermuda (35%), Maldives (34.2%), Pakistan (30%), Romania (25.7%), and Iran (20%).

Product Complexity

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Diversification Frontier

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Specialization

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.