HS Icon Rock Wool

6806 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.98B, Rnk 501 / 1225

Top Exporter (2018): $725M, Germany

Top Importer (2018): $476M, Germany

Product Complexity (2018): 0.78, Rnk 248 / 1018

Export Growth (CAGR)(2017 - 2018): 15.5%, Rnk 493 / 1225

Mean Tariff (2018): 7.95%, Rnk 549 / 1259

Share of World Trade (2018): 0.027%, Rnk 501 / 1225

Overview:  This page contains the latest trade data of Rock Wool. In 2018, Rock Wool were the world's 501st most traded product, with a total trade of $4.98B. Between 2017 and 2018 the exports of Rock Wool grew by 15.5%, from  $4.31B to $4.98B. Trade in Rock Wool represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Rock Wool  were Germany ($725M), United States ($427M), Japan ($384M), Poland ($365M), and China ($348M).

Imports: In 2018 the top importers of Rock Wool were Germany ($476M), United States ($404M), France ($240M), Poland ($223M), and Italy ($209M).

Tariffs: In 2018 the average tariff for Rock Wool was 7.95%, been the 549 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rock Wool are Bahamas (40.2%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Rock Wool ranks 248th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $725M

Top Destination (2018): Germany, $476M

Rock Wool are the world's 501st most traded product.

In 2018, the top exporters of Rock Wool were Germany ($725M), United States ($427M), Japan ($384M), Poland ($365M), and China ($348M).

In 2018, the top importers of Rock Wool were Germany ($476M), United States ($404M), France ($240M), Poland ($223M), and Italy ($209M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $107M

Top Destination Growth (2017 - 2018): Poland, $73.5M

Between 2017 and 2018, the exports of Rock Wool grew the fastest in Germany ($107M), United States ($71.5M), Poland ($55.4M), United Kingdom ($47M), and Russia ($43.3M).

Between 2017 and 2018, the fastest growing importers of Rock Wool were Poland ($73.5M), Germany ($57.2M), United Kingdom ($48.6M), Serbia ($35.2M), and United States ($24.8M).

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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 Rock Wool.

In 2018,  market concentration measured using Shannon Entropy, was 4.7. This means that most of the exports of Rock Wool are explained by 26 countries.

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TOP NET EXPORTER (2018): Japan, $301M

TOP NET IMPORTER (2018): Italy, $156M

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

In 2018, the countries that had a largest trade value in exports than in imports of Rock Wool were Japan ($301M), Germany ($249M), China ($181M), Poland ($143M), and Netherlands ($134M).

In 2018, the countries that had a largest trade value in imports than in exports of Rock Wool were Italy ($156M), France ($99.1M), Austria ($78.1M), Romania ($74.7M), and Mexico ($71.4M).

Trade Forecasts

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This section shows forecasts for total trade for Rock Wool. 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 Rock Wool was 7.95%.  The countries with the highest tariffs for importing Rock Wool were Bahamas (40.2%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.