HS Icon Friction Material

6813 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.47B, Rnk 822 / 1225

Top Exporter (2018): $286M, Japan

Top Importer (2018): $193M, United States

Product Complexity (2018): 0.15, Rnk 487 / 1018

Export Growth (CAGR)(2017 - 2018): 3.8%, Rnk 1001 / 1225

Mean Tariff (2018): 9.01%, Rnk 473 / 1259

Share of World Trade (2018): 0.008%, Rnk 822 / 1225

Overview:  This page contains the latest trade data of Friction Material. In 2018, Friction Material were the world's 822nd most traded product, with a total trade of $1.47B. Between 2017 and 2018 the exports of Friction Material grew by 3.8%, from  $1.42B to $1.47B. Trade in Friction Material represent 0.008% of total world trade.

Exports: In 2018 the top exporters of Friction Material  were Japan ($286M), United States ($220M), Germany ($206M), Brazil ($110M), and China ($100M).

Imports: In 2018 the top importers of Friction Material were United States ($193M), China ($117M), Germany ($95.1M), Mexico ($60.8M), and India ($55.3M).

Tariffs: In 2018 the average tariff for Friction Material was 9.01%, been the 473 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Friction Material are Syria (46%), Bahamas (41.4%), Bermuda (35%), Malaysia (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Friction Material ranks 487th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $286M

Top Destination (2018): United States, $193M

Friction Material are the world's 822nd most traded product.

In 2018, the top exporters of Friction Material were Japan ($286M), United States ($220M), Germany ($206M), Brazil ($110M), and China ($100M).

In 2018, the top importers of Friction Material were United States ($193M), China ($117M), Germany ($95.1M), Mexico ($60.8M), and India ($55.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $59.5M

Top Destination Growth (2017 - 2018): United States, $18.8M

Between 2017 and 2018, the exports of Friction Material grew the fastest in Japan ($59.5M), United States ($18.3M), Spain ($17.9M), United Arab Emirates ($14.2M), and Hungary ($8.3M).

Between 2017 and 2018, the fastest growing importers of Friction Material were United States ($18.8M), China ($16M), India ($13.3M), Oman ($12M), and Brazil ($10.3M).

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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 Friction Material.

In 2018,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Friction Material are explained by 17 countries.

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TOP NET EXPORTER (2018): Japan, $233M

TOP NET IMPORTER (2018): Mexico, $41.4M

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

In 2018, the countries that had a largest trade value in exports than in imports of Friction Material were Japan ($233M), Germany ($111M), Brazil ($86.2M), Spain ($36.5M), and United Kingdom ($26.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Friction Material were Mexico ($41.4M), Hungary ($39.8M), Saudi Arabia ($30.4M), Italy ($25.3M), and Russia ($21.5M).

Trade Forecasts

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This section shows forecasts for total trade for Friction Material. 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 Friction Material was 9.01%.  The countries with the highest tariffs for importing Friction Material were Syria (46%), Bahamas (41.4%), Bermuda (35%), Malaysia (30%), and Cameroon (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.