HS Icon Glass Scraps

7001 (Harmonized System 1992 for 4-digit)

World Trade (2018): $441M, Rnk 1055 / 1225

Top Exporter (2018): $56.8M, United States

Top Importer (2018): $38.7M, Germany

Export Growth (CAGR)(2017 - 2018): 27.5%, Rnk 195 / 1225

Mean Tariff (2018): 4.93%, Rnk 829 / 1259

Share of World Trade (2018): 0.0024%, Rnk 1055 / 1225

Overview: In 2018, Glass Scraps were the world's 1055th most traded product, with a total trade of $441M. Between 2017 and 2018 the exports of Glass Scraps grew by 27.5%, from  $346M to $441M. Trade in Glass Scraps represent 0.0024% of total world trade.

Exports: In 2018 the top exporters of Glass Scraps  were United States ($56.8M), China ($49.5M), Japan ($48M), Belgium-Luxembourg ($45.8M), and Germany ($30.9M).

Imports: In 2018 the top importers of Glass Scraps were Germany ($38.7M), Netherlands ($37M), United States ($35.1M), Portugal ($34.7M), and Japan ($28.1M).

Tariffs: In 2018 the average tariff for Glass Scraps was 4.93%, been the 829 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass Scraps are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Latvia (15%), and Ethiopia (14.9%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $56.8M

Top Destination (2018): Germany, $38.7M

Glass Scraps are the world's 1055th most traded product.

In 2018, the top exporters of Glass Scraps were United States ($56.8M), China ($49.5M), Japan ($48M), Belgium-Luxembourg ($45.8M), and Germany ($30.9M).

In 2018, the top importers of Glass Scraps were Germany ($38.7M), Netherlands ($37M), United States ($35.1M), Portugal ($34.7M), and Japan ($28.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $22.2M

Top Destination Growth (2017 - 2018): United States, $35M

Between 2017 and 2018, the exports of Glass Scraps grew the fastest in United States ($22.2M), Belgium-Luxembourg ($19.8M), Japan ($11.5M), Canada ($7.92M), and Netherlands ($6.43M).

Between 2017 and 2018, the fastest growing importers of Glass Scraps were United States ($35M), Netherlands ($25.4M), Germany ($13.1M), Japan ($11.2M), and Malaysia ($4.71M).

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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 Glass Scraps.

In 2018,  market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Glass Scraps are explained by 22 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $24.7M

TOP NET IMPORTER (2018): Thailand, $14.6M

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

In 2018, the countries that had a largest trade value in exports than in imports of Glass Scraps were Belgium-Luxembourg ($24.7M), China ($24.6M), United States ($21.8M), Japan ($20M), and Canada ($6.73M).

In 2018, the countries that had a largest trade value in imports than in exports of Glass Scraps were Thailand ($14.6M), Italy ($13.6M), Portugal ($10.5M), Mexico ($9.32M), and Netherlands ($8.79M).

Trade Forecasts

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This section shows forecasts for total trade for Glass Scraps. 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 Glass Scraps was 4.93%.  The countries with the highest tariffs for importing Glass Scraps were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Latvia (15%), and Ethiopia (14.9%).

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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.