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Vehicles; with both spark-ignition internal combustion piston engine and electric motors for propulsion, of a g.v.w. not exceeding 5,000kg

870451 (Harmonized System 2022 for 6-digit)

2023
World Trade $2.32BRnk 1375 / 5606
2023
Top Exporter | Top Importer $1.42B | $1.36BMexico | United States
2023
Product Complexity 1.24Rnk 477 / 5606
2022 - 2023
Export Growth (CAGR) 68.2%Rnk 102 / 5606
2023
Share of World Trade 0.01%Rnk 1375 / 5606

About

Overview This page contains the latest trade data of Hybrid petrol-electric trucks, ≤5,000kg GVW. In 2023, Hybrid petrol-electric trucks, ≤5,000kg GVW were the world's 1375th most traded product, with a total trade of $2.32B. Between 2022 and 2023 the exports of Hybrid petrol-electric trucks, ≤5,000kg GVW grew by 68.2%, from $1.38B to $2.32B. Trade in Hybrid petrol-electric trucks, ≤5,000kg GVW represent 0.01% of total world trade.

Hybrid petrol-electric trucks, ≤5,000kg GVW are a part of Delivery Trucks.

Exports In 2023 the top exporters of Hybrid petrol-electric trucks, ≤5,000kg GVW  were Mexico ($1.42B), United States ($837M), Japan ($22.1M), Singapore ($8.51M), and Germany ($8.18M).

Imports In 2023 the top importers of Hybrid petrol-electric trucks, ≤5,000kg GVW were United States ($1.36B), Canada ($687M), Mexico ($86.2M), Nigeria ($25.8M), and China ($17.7M).

Ranking Hybrid petrol-electric trucks, ≤5,000kg GVW ranks 477th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Hybrid petrol-electric trucks, ≤5,000kg GVW. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Year
Top Origin (2023)Mexico$1.42B
Top Destination (2023)United States$1.36B

In 2023 Hybrid petrol-electric trucks, ≤5,000kg GVW were the world's 1375th most traded product (out of 5,606).

In 2023, the top exporters of Hybrid petrol-electric trucks, ≤5,000kg GVW were Mexico ($1.42B), United States ($837M), Japan ($22.1M), Singapore ($8.51M), and Germany ($8.18M).

In 2023, the top importers of Hybrid petrol-electric trucks, ≤5,000kg GVW were United States ($1.36B), Canada ($687M), Mexico ($86.2M), Nigeria ($25.8M), and China ($17.7M).

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Exporters of Hybrid petrol-electric trucks, ≤5,000kg GVW (2023)
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Importers of Hybrid petrol-electric trucks, ≤5,000kg GVW (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)United States$522M
Top Destination Growth (2022 -  2023)Canada$397M

Between 2022 and 2023, the exports of Hybrid petrol-electric trucks, ≤5,000kg GVW grew the fastest in United States ($522M), Mexico ($428M), Japan ($8.62M), Singapore ($8.01M), and Lithuania ($3.69M).

Between 2022 and 2023, the fastest growing importers of Hybrid petrol-electric trucks, ≤5,000kg GVW were Canada ($397M), United States ($396M), Mexico ($59.3M), Nigeria ($14.1M), and Chile ($13.6M).

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Exporters of Hybrid petrol-electric trucks, ≤5,000kg GVW (2022 - 2023)

Importers of Hybrid petrol-electric trucks, ≤5,000kg GVW (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hybrid petrol-electric trucks, ≤5,000kg GVW.

In 2023, market concentration measured using Shannon Entropy, was 1.17. This means that most of the exports of Hybrid petrol-electric trucks, ≤5,000kg GVW are explained by 2 countries.

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Value of Exports in Hybrid petrol-electric trucks, ≤5,000kg GVW

Net Trade

Year
TOP NET EXPORTER (2023)Mexico$1.34B
TOP NET IMPORTER (2023)Canada$686M

This map shows which countries export or import more of Hybrid petrol-electric trucks, ≤5,000kg GVW. Each country is colored based on the difference in exports and imports of Hybrid petrol-electric trucks, ≤5,000kg GVW during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hybrid petrol-electric trucks, ≤5,000kg GVW were Mexico ($1.34B), Japan ($21.9M), Singapore ($8.51M), Germany ($7.22M), and Lithuania ($4.24M).

In 2023, the countries that had a largest trade value in imports than in exports of Hybrid petrol-electric trucks, ≤5,000kg GVW were Canada ($686M), United States ($526M), Nigeria ($25.8M), China ($15.3M), and Australia ($14.4M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hybrid petrol-electric trucks, ≤5,000kg GVW.
It is possible to select the main countries that export or import Hybrid petrol-electric trucks, ≤5,000kg GVW in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hybrid petrol-electric trucks, ≤5,000kg GVW by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

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.

Relatedness vs Country Complexity (2023)

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