HS Icon Drawn glass in sheets, clear

700490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $849M, Rnk 2243 / 4726

Top Exporter (2018): $527M, Japan

Top Importer (2018): $213M, South Korea

Product Complexity (2018): 0.89, Rnk 971 / 4873

Export Growth (CAGR)(2017 - 2018): 10.5%, Rnk 2585 / 4726

Mean Tariff (2018): 10.9%, Rnk 2003 / 6538

Share of World Trade (2018): 0.0046%, Rnk 2243 / 4726

Overview:  This page contains the latest trade data of Drawn glass in sheets, clear. In 2018, Drawn glass in sheets, clear were the world's 2243rd most traded product, with a total trade of $849M. Between 2017 and 2018 the exports of Drawn glass in sheets, clear grew by 10.5%, from  $769M to $849M. Trade in Drawn glass in sheets, clear represent 0.0046% of total world trade.

Exports: In 2018 the top exporters of Drawn glass in sheets, clear  were Japan ($527M), United States ($81.6M), South Korea ($73.2M), Saudi Arabia ($39.2M), and Switzerland ($32.2M).

Imports: In 2018 the top importers of Drawn glass in sheets, clear were South Korea ($213M), China ($203M), Chinese Taipei ($189M), Hong Kong ($96.1M), and United States ($33.8M).

Tariffs: In 2018 the average tariff for Drawn glass in sheets, clear was 10.9%, been the 2003 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Drawn glass in sheets, clear are Bahamas (40.2%), Egypt (37.3%), Sudan (35%), Nepal (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Drawn glass in sheets, clear ranks 971st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $527M

Top Destination (2018): South Korea, $213M

Drawn glass in sheets, clear are the world's 2243rd most traded product.

In 2018, the top exporters of Drawn glass in sheets, clear were Japan ($527M), United States ($81.6M), South Korea ($73.2M), Saudi Arabia ($39.2M), and Switzerland ($32.2M).

In 2018, the top importers of Drawn glass in sheets, clear were South Korea ($213M), China ($203M), Chinese Taipei ($189M), Hong Kong ($96.1M), and United States ($33.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $77.8M

Top Destination Growth (2017 - 2018): China, $51.8M

Between 2017 and 2018, the exports of Drawn glass in sheets, clear grew the fastest in Japan ($77.8M), United States ($36.4M), Saudi Arabia ($33.7M), Chinese Taipei ($1.77M), and United Arab Emirates ($1.49M).

Between 2017 and 2018, the fastest growing importers of Drawn glass in sheets, clear were China ($51.8M), Hong Kong ($45.7M), Thailand ($10.3M), Kuwait ($5.88M), and United Arab Emirates ($3.63M).

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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 Drawn glass in sheets, clear.

In 2018,  market concentration measured using Shannon Entropy, was 2.17. This means that most of the exports of Drawn glass in sheets, clear are explained by 4 countries.

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TOP NET EXPORTER (2018): Japan, $523M

TOP NET IMPORTER (2018): Chinese Taipei, $180M

This map shows which countries export or import more of Drawn glass in sheets, clear. Each country is colored based on the difference in exports and imports of Drawn glass in sheets, clear during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Drawn glass in sheets, clear were Japan ($523M), United States ($47.8M), Saudi Arabia ($37M), Switzerland ($31.7M), and Germany ($26.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Drawn glass in sheets, clear were Chinese Taipei ($180M), China ($177M), South Korea ($140M), Hong Kong ($88.5M), and Kuwait ($11.3M).

Trade Forecasts

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This section shows forecasts for total trade for Drawn glass in sheets, clear. 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 Drawn glass in sheets, clear was 10.9%.  The countries with the highest tariffs for importing Drawn glass in sheets, clear were Bahamas (40.2%), Egypt (37.3%), Sudan (35%), Nepal (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.