MetalsXV (Harmonized System 1992 for Section)
2020 World Trade: $1.15T, Rnk 5 / 21
2020 Top Exporter | Top Importer: $180B | $114B, China | United States
2020 Product Complexity: -0.08, Rnk 12 / 21
2019 - 2020 Export Growth (CAGR): -8.43%, Rnk 14 / 21
2018 Mean Tariff: 6.52%, Rnk 16 / 21
2020 Share of World Trade: 6.84%, Rnk 5 / 21
Overview This page contains the latest trade data of Metals. In 2020, Metals were the world's 5th most traded product, with a total trade of $1.15T. Between 2019 and 2020 the exports of Metals decreased by -8.43%, from $1.25T to $1.15T. Trade in Metals represent 6.84% of total world trade.
Metals include Refined Copper, Hot-Rolled Iron, Raw Aluminium, Coated Flat-Rolled Iron, Other Iron Products, Iron Structures, Scrap Iron, Iron Fasteners, Large Flat-Rolled Stainless Steel, and Semi-Finished Iron, among others.
Exports In 2020 the top exporters of Metals were China ($180B), Germany ($95.3B), United States ($57.1B), Japan ($51.7B), and South Korea ($43.4B).
Imports In 2020 the top importers of Metals were United States ($114B), China ($108B), Germany ($84.5B), France ($38.4B), and Italy ($36.5B).
Tariffs In 2018 the average tariff for Metals was 6.52%, making it the 16th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Metals are Bahamas (36.9%), Bermuda (24.7%), Sudan (22.7%), and Cayman Islands (20.8%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Mauritius (0.41%).
Ranking Metals ranks 12th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Metals. 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.
Trade By Country
Top Origin (2020): China, $180B
Top Destination (2020): United States, $114B
Metals are the world's 5th most traded product.
In 2020, the top exporters of Metals were China ($180B), Germany ($95.3B), United States ($57.1B), Japan ($51.7B), and South Korea ($43.4B).
In 2020, the top importers of Metals were United States ($114B), China ($108B), Germany ($84.5B), France ($38.4B), and Italy ($36.5B).
Trade by country
Between 2019 and 2020, the exports of Metals grew the fastest in Indonesia ($3.08B), Democratic Republic of the Congo ($1.8B), Chile ($1.57B), Vietnam ($1.14B), and Zambia ($370M).
Between 2019 and 2020, the fastest growing importers of Metals were China ($21B), Turkey ($1.12B), Saudi Arabia ($920M), Israel ($612M), and Pakistan ($318M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metals.
In 2020, market concentration measured using Shannon Entropy, was 5.29. This means that most of the exports of Metals are explained by 39 countries.
TOP NET EXPORTER (2020): China, $72.6B
TOP NET IMPORTER (2020): United States, $56.4B
This map shows which countries export or import more of Metals. Each country is colored based on the difference in exports and imports of Metals during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Metals were China ($72.6B), Japan ($22.6B), Russia ($22.4B), Chile ($14.4B), and Democratic Republic of the Congo ($13.7B).
In 2020, the countries that had a largest trade value in imports than in exports of Metals were United States ($56.4B), Thailand ($11.9B), Mexico ($11.8B), Vietnam ($10.4B), and Saudi Arabia ($9.46B).
In 2020, the world most traded Metals, disaggragated by their HS6 level were Refined Copper ($71.8B), Other Iron Products ($49.9B), Raw Aluminium ($49.6B), Iron Structures ($48.1B), and Coated Flat-Rolled Iron ($43.5B)
This visualization shows the countries that have an important ratio of their trade related to Metals. It is possible to select the main countries that export or import Metals in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Metals was 6.52%. The countries with the highest tariffs for importing Metals were Bahamas (36.9%), Bermuda (24.7%), Sudan (22.7%), and Cayman Islands (20.8%).
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.
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