HS Icon Building Stone

6802 (Harmonized System 1992 for 4-digit)

World Trade (2018): $11.7B, Rnk 293 / 1225

Top Exporter (2018): $4.53B, China

Top Importer (2018): $2.61B, United States

Product Complexity (2018): -0.95, Rnk 807 / 1018

Export Growth (CAGR)(2017 - 2018): 12.3%, Rnk 654 / 1225

Mean Tariff (2018): 13.6%, Rnk 245 / 1259

Share of World Trade (2018): 0.064%, Rnk 293 / 1225

Overview: In 2018, Building Stone were the world's 293rd most traded product, with a total trade of $11.7B. Between 2017 and 2018 the exports of Building Stone grew by 12.3%, from  $10.4B to $11.7B. Trade in Building Stone represent 0.064% of total world trade.

Exports: In 2018 the top exporters of Building Stone  were China ($4.53B), Italy ($1.65B), India ($1.05B), Turkey ($835M), and Brazil ($729M).

Imports: In 2018 the top importers of Building Stone were United States ($2.61B), South Korea ($1.08B), Japan ($488M), Germany ($479M), and Saudi Arabia ($412M).

Tariffs: In 2018 the average tariff for Building Stone was 13.6%, been the 245 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Building Stone are Iran (50%), Angola (47.5%), Sudan (35%), Zimbabwe (33.6%), and Syria (33.3%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Ranking: Building Stone ranks 807th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.53B

Top Destination (2018): United States, $2.61B

Building Stone are the world's 293rd most traded product.

In 2018, the top exporters of Building Stone were China ($4.53B), Italy ($1.65B), India ($1.05B), Turkey ($835M), and Brazil ($729M).

In 2018, the top importers of Building Stone were United States ($2.61B), South Korea ($1.08B), Japan ($488M), Germany ($479M), and Saudi Arabia ($412M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $453M

Top Destination Growth (2017 - 2018): South Korea, $200M

Between 2017 and 2018, the exports of Building Stone grew the fastest in China ($453M), Italy ($222M), Palestine ($181M), United Arab Emirates ($99.2M), and Portugal ($86.6M).

Between 2017 and 2018, the fastest growing importers of Building Stone were South Korea ($200M), Israel ($168M), France ($97.2M), Germany ($89.7M), and Uzbekistan ($77.2M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Building Stone.

In 2018,  market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Building Stone are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $4.42B

TOP NET IMPORTER (2018): United States, $2.53B

This map shows which countries export or import more of Building Stone. Each country is colored based on the difference in exports and imports of Building Stone during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Building Stone were China ($4.42B), Italy ($1.54B), India ($938M), Turkey ($741M), and Brazil ($706M).

In 2018, the countries that had a largest trade value in imports than in exports of Building Stone were United States ($2.53B), South Korea ($1.06B), Japan ($480M), Saudi Arabia ($405M), and Germany ($369M).

Trade Forecasts

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This section shows forecasts for total trade for Building Stone. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Building Stone was 13.6%.  The countries with the highest tariffs for importing Building Stone were Iran (50%), Angola (47.5%), Sudan (35%), Zimbabwe (33.6%), and Syria (33.3%).

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Product Complexity

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Diversification Frontier

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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.