HS Icon Glass with Edge Workings

7006 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.26B, Rnk 608 / 1225

Top Exporter (2018): $644M, Chinese Taipei

Top Importer (2018): $1.03B, China

Product Complexity (2018): 1.78, Rnk 16 / 1018

Export Growth (CAGR)(2017 - 2018): 22.2%, Rnk 287 / 1225

Mean Tariff (2018): 10.7%, Rnk 387 / 1259

Share of World Trade (2018): 0.018%, Rnk 608 / 1225

Overview: In 2018, Glass with Edge Workings were the world's 608th most traded product, with a total trade of $3.26B. Between 2017 and 2018 the exports of Glass with Edge Workings grew by 22.2%, from  $2.67B to $3.26B. Trade in Glass with Edge Workings represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Glass with Edge Workings  were Chinese Taipei ($644M), South Korea ($545M), China ($499M), Japan ($471M), and Vietnam ($266M).

Imports: In 2018 the top importers of Glass with Edge Workings were China ($1.03B), Japan ($389M), Chinese Taipei ($294M), United States ($238M), and Malaysia ($220M).

Tariffs: In 2018 the average tariff for Glass with Edge Workings was 10.7%, been the 387 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass with Edge Workings are Bahamas (40.2%), Zimbabwe (36.5%), 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: Glass with Edge Workings ranks 16th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chinese Taipei, $644M

Top Destination (2018): China, $1.03B

Glass with Edge Workings are the world's 608th most traded product.

In 2018, the top exporters of Glass with Edge Workings were Chinese Taipei ($644M), South Korea ($545M), China ($499M), Japan ($471M), and Vietnam ($266M).

In 2018, the top importers of Glass with Edge Workings were China ($1.03B), Japan ($389M), Chinese Taipei ($294M), United States ($238M), and Malaysia ($220M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $133M

Top Destination Growth (2017 - 2018): United States, $226M

Between 2017 and 2018, the exports of Glass with Edge Workings grew the fastest in Vietnam ($133M), Singapore ($113M), China ($86.6M), Japan ($81.3M), and South Korea ($49.2M).

Between 2017 and 2018, the fastest growing importers of Glass with Edge Workings were United States ($226M), Malaysia ($81.1M), Singapore ($56.2M), Portugal ($51.8M), and Hong Kong ($42.3M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Glass with Edge Workings.

In 2018,  market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Glass with Edge Workings are explained by 11 countries.

TOP NET EXPORTER (2018): South Korea, $398M

TOP NET IMPORTER (2018): China, $531M

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

In 2018, the countries that had a largest trade value in exports than imports of Glass with Edge Workings were South Korea ($398M), Chinese Taipei ($350M), Vietnam ($237M), Germany ($99.2M), and Japan ($81.9M).

In 2018, the countries that had a largest trade value in imports than exports of Glass with Edge Workings were China ($531M), United States ($196M), Hong Kong ($107M), Malaysia ($90.5M), and Portugal ($58M).

Trade Forecasts

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This section shows forecasts for total trade for Glass with Edge Workings. 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 with Edge Workings was 10.7%.  The countries with the highest tariffs for importing Glass with Edge Workings were Bahamas (40.2%), Zimbabwe (36.5%), 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.