HS Icon Iron Pipes

7304 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Iron Pipes. In 2020, Iron Pipes were the world's 184th most traded product, with a total trade of $19.3B. Between 2019 and 2020 the exports of Iron Pipes decreased by -21.9%, from $24.8B to $19.3B. Trade in Iron Pipes represent 0.12% of total world trade.

Iron Pipes are a part of Iron or steel articles. They include Casings, tubing and drill pipe, for oil drilling, Pipes, line, iron or steel, for oil or gas pipelines, Iron/non-alloy steel pipe or tubing, nes, Alloy steel pipe or tubing, except cold rolled, Stainless steel pipe or tubing, cold rolled, Stainless steel pipe or tubing, except cold rolled, Iron/non-alloy steel pipe, cold drawn/rolled, nes, Iron or steel tubes, pipes or hollow profiles, nes, and Alloy steel pipe or tubing, cold rolled.

Exports In 2020 the top exporters of Iron Pipes  were China ($4.3B), Japan ($2.6B), Germany ($1.67B), Italy ($1B), and France ($726M).

Imports In 2020 the top importers of Iron Pipes were United States ($1.68B), United Arab Emirates ($843M), India ($800M), Germany ($774M), and China ($701M).

Tariffs In 2018 the average tariff for Iron Pipes was 5.77%, making it the 736th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Pipes are Bahamas (40.2%), Sudan (28.9%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Mauritius (0%), Uganda (0%), Hong Kong (0%), Japan (0%), and South Korea (0%).

Ranking Iron Pipes ranks 500th in the Product Complexity Index (PCI).

Description Tubes, pipes and hollow profiles are used to transport liquids or gases. They can be made from a variety of materials, including steel, aluminum, copper, and plastic.

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The following visualization shows the latest trends on Iron Pipes. Countries are shown based on data availability.

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

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

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.

Country by Relatedness

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