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Containers for compressed or liquefied gas, of iron or steel

7311 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.18BRnk 590 / 1217
2023
Top Exporter | Top Importer $1.07B | $561MChina | United States
2023
Product Complexity 0.03Rnk 556 / 1044
2022 - 2023
Export Growth (CAGR) -4.16%Rnk 540 / 1217
2023
Share of World Trade 0.019%Rnk 590 / 1217

About

Overview This page contains the latest trade data of Iron Gas Containers. In 2023, Iron Gas Containers were the world's 590th most traded product, with a total trade of $4.18B. Between 2022 and 2023 the exports of Iron Gas Containers decreased by -4.16%, from $4.37B to $4.18B. Trade in Iron Gas Containers represent 0.019% of total world trade.

Iron Gas Containers are a part of Iron/Steel Articles. They include Containers for compressed/liquefied gas, iron or stee.

Exports In 2023 the top exporters of Iron Gas Containers  were China ($1.07B), United States ($366M), Turkey ($279M), Italy ($268M), and Germany ($235M).

Imports In 2023 the top importers of Iron Gas Containers were United States ($561M), Germany ($276M), Canada ($185M), United Kingdom ($160M), and France ($156M).

Ranking Iron Gas Containers ranks 556th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron Gas Containers. 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

Top Origin (2023)China$1.07B
Top Destination (2023)United States$561M

In 2023 Iron Gas Containers were the world's 590th most traded product (out of 1,217).

In 2023, the top exporters of Iron Gas Containers were China ($1.07B), United States ($366M), Turkey ($279M), Italy ($268M), and Germany ($235M).

In 2023, the top importers of Iron Gas Containers were United States ($561M), Germany ($276M), Canada ($185M), United Kingdom ($160M), and France ($156M).

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Exporters of Iron Gas Containers (2023)
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Importers of Iron Gas Containers (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$58.7M
Top Destination Growth (2022 -  2023)Angola$47.6M

Between 2022 and 2023, the exports of Iron Gas Containers grew the fastest in Italy ($58.7M), Germany ($52.1M), Spain ($26.8M), India ($17.4M), and Qatar ($13.5M).

Between 2022 and 2023, the fastest growing importers of Iron Gas Containers were Angola ($47.6M), France ($32.6M), Mexico ($28.8M), Romania ($24.8M), and Indonesia ($24.2M).

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Exporters of Iron Gas Containers (2022 - 2023)

Importers of Iron Gas Containers (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron Gas Containers.

In 2023, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Iron Gas Containers are explained by 20 countries.

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Value of Exports in Iron Gas Containers

Net Trade

TOP NET EXPORTER (2023)China$996M
TOP NET IMPORTER (2023)United States$195M

This map shows which countries export or import more of Iron Gas Containers. Each country is colored based on the difference in exports and imports of Iron Gas Containers during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron Gas Containers were China ($996M), Turkey ($221M), Italy ($171M), Czechia ($150M), and India ($141M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Gas Containers were United States ($195M), Canada ($149M), France ($99.4M), Australia ($84.4M), and Japan ($75.2M).

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 Iron Gas Containers.
It is possible to select the main countries that export or import Iron Gas Containers in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Gas Containers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $2.17M
TOP IMPORT POTENTIALChina+ $4.59M

Iron Gas Containers’s highest export potential is Canada. With an export gap of $2.17M.  Iron Gas Containers’s highest import potential is China with an import gap of $4.59M.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Iron Gas Containers.

Country by Relatedness

The following visualization shows the relatedness of Iron Gas Containers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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