HS Icon Milling Stones

6804 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.1B, Rnk 494 / 1225

Top Exporter (2018): $1.04B, China

Top Importer (2018): $470M, United States

Product Complexity (2018): 1.47, Rnk 53 / 1018

Export Growth (CAGR)(2017 - 2018): 10.5%, Rnk 749 / 1225

Mean Tariff (2018): 5.43%, Rnk 757 / 1259

Share of World Trade (2018): 0.028%, Rnk 494 / 1225

Overview:  This page contains the latest trade data of Milling Stones. In 2018, Milling Stones were the world's 494th most traded product, with a total trade of $5.1B. Between 2017 and 2018 the exports of Milling Stones grew by 10.5%, from  $4.62B to $5.1B. Trade in Milling Stones represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Milling Stones  were China ($1.04B), Germany ($724M), Japan ($551M), Italy ($387M), and Austria ($320M).

Imports: In 2018 the top importers of Milling Stones were United States ($470M), Germany ($432M), China ($318M), India ($256M), and France ($178M).

Tariffs: In 2018 the average tariff for Milling Stones was 5.43%, been the 757 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Milling Stones are Bahamas (40.2%), Bermuda (25%), Tanzania (23.6%), Rwanda (23.5%), and Uganda (23.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Milling Stones ranks 53rd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.04B

Top Destination (2018): United States, $470M

Milling Stones are the world's 494th most traded product.

In 2018, the top exporters of Milling Stones were China ($1.04B), Germany ($724M), Japan ($551M), Italy ($387M), and Austria ($320M).

In 2018, the top importers of Milling Stones were United States ($470M), Germany ($432M), China ($318M), India ($256M), and France ($178M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $119M

Top Destination Growth (2017 - 2018): United States, $50.6M

Between 2017 and 2018, the exports of Milling Stones grew the fastest in Germany ($119M), Italy ($55.6M), Switzerland ($46.6M), Mexico ($35.2M), and Netherlands ($33.8M).

Between 2017 and 2018, the fastest growing importers of Milling Stones were United States ($50.6M), India ($49.2M), Spain ($32.6M), France ($32.2M), and Germany ($32.1M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Milling Stones.

In 2018,  market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Milling Stones are explained by 18 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $724M

TOP NET IMPORTER (2018): United States, $244M

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

In 2018, the countries that had a largest trade value in exports than in imports of Milling Stones were China ($724M), Japan ($460M), Germany ($292M), Italy ($236M), and Austria ($236M).

In 2018, the countries that had a largest trade value in imports than in exports of Milling Stones were United States ($244M), India ($187M), Vietnam ($137M), France ($115M), and Brazil ($112M).

Trade Forecasts

#permalink to section

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

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Milling Stones was 5.43%.  The countries with the highest tariffs for importing Milling Stones were Bahamas (40.2%), Bermuda (25%), Tanzania (23.6%), Rwanda (23.5%), and Uganda (23.5%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.