HS Icon Abrasive Powder

6805 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.69B, Rnk 522 / 1225

Top Exporter (2018): $847M, Germany

Top Importer (2018): $596M, Germany

Product Complexity (2018): 1.19, Rnk 105 / 1018

Export Growth (CAGR)(2017 - 2018): 8.49%, Rnk 844 / 1225

Mean Tariff (2018): 8.01%, Rnk 545 / 1259

Share of World Trade (2018): 0.026%, Rnk 522 / 1225

Overview:  This page contains the latest trade data of Abrasive Powder. In 2018, Abrasive Powder were the world's 522nd most traded product, with a total trade of $4.69B. Between 2017 and 2018 the exports of Abrasive Powder grew by 8.49%, from  $4.32B to $4.69B. Trade in Abrasive Powder represent 0.026% of total world trade.

Exports: In 2018 the top exporters of Abrasive Powder  were Germany ($847M), United States ($518M), China ($439M), Japan ($268M), and South Korea ($212M).

Imports: In 2018 the top importers of Abrasive Powder were Germany ($596M), United States ($589M), China ($325M), Poland ($238M), and France ($174M).

Tariffs: In 2018 the average tariff for Abrasive Powder was 8.01%, been the 545 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Abrasive Powder are Bahamas (40.2%), Sudan (35%), Sri Lanka (29.3%), Uzbekistan (28.7%), and Algeria (26%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Abrasive Powder ranks 105th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $847M

Top Destination (2018): Germany, $596M

Abrasive Powder are the world's 522nd most traded product.

In 2018, the top exporters of Abrasive Powder were Germany ($847M), United States ($518M), China ($439M), Japan ($268M), and South Korea ($212M).

In 2018, the top importers of Abrasive Powder were Germany ($596M), United States ($589M), China ($325M), Poland ($238M), and France ($174M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $141M

Top Destination Growth (2017 - 2018): China, $74.2M

Between 2017 and 2018, the exports of Abrasive Powder grew the fastest in Germany ($141M), Hong Kong ($80.1M), Poland ($65.6M), Belgium-Luxembourg ($48.2M), and Netherlands ($28.1M).

Between 2017 and 2018, the fastest growing importers of Abrasive Powder were China ($74.2M), Poland ($63.8M), Germany ($57.8M), France ($23.5M), and Canada ($22M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Abrasive Powder.

In 2018,  market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Abrasive Powder are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $251M

TOP NET IMPORTER (2018): Vietnam, $87M

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

In 2018, the countries that had a largest trade value in exports than in imports of Abrasive Powder were Germany ($251M), Japan ($224M), South Korea ($166M), Finland ($156M), and China ($114M).

In 2018, the countries that had a largest trade value in imports than in exports of Abrasive Powder were Vietnam ($87M), Russia ($76.4M), India ($71.2M), United States ($71.2M), and Australia ($52.7M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Abrasive Powder. 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 Abrasive Powder was 8.01%.  The countries with the highest tariffs for importing Abrasive Powder were Bahamas (40.2%), Sudan (35%), Sri Lanka (29.3%), Uzbekistan (28.7%), and Algeria (26%).

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.