HS Icon Insulating Glass

7008 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.93B, Rnk 747 / 1225

Top Exporter (2018): $375M, Germany

Top Importer (2018): $278M, United States

Product Complexity (2018): 0.52, Rnk 360 / 1018

Export Growth (CAGR)(2017 - 2018): 19.5%, Rnk 347 / 1225

Mean Tariff (2018): 10%, Rnk 424 / 1259

Share of World Trade (2018): 0.011%, Rnk 747 / 1225

Overview:  This page contains the latest trade data of Insulating Glass. In 2018, Insulating Glass were the world's 747th most traded product, with a total trade of $1.93B. Between 2017 and 2018 the exports of Insulating Glass grew by 19.5%, from  $1.62B to $1.93B. Trade in Insulating Glass represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Insulating Glass  were Germany ($375M), China ($273M), Poland ($220M), United States ($197M), and Mexico ($96.7M).

Imports: In 2018 the top importers of Insulating Glass were United States ($278M), Canada ($186M), Netherlands ($169M), Switzerland ($96.9M), and Norway ($77.6M).

Tariffs: In 2018 the average tariff for Insulating Glass was 10%, been the 424 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Insulating Glass are Bahamas (40.2%), Sudan (35%), Malaysia (30%), Nepal (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Insulating Glass ranks 360th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $375M

Top Destination (2018): United States, $278M

Insulating Glass are the world's 747th most traded product.

In 2018, the top exporters of Insulating Glass were Germany ($375M), China ($273M), Poland ($220M), United States ($197M), and Mexico ($96.7M).

In 2018, the top importers of Insulating Glass were United States ($278M), Canada ($186M), Netherlands ($169M), Switzerland ($96.9M), and Norway ($77.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $63.2M

Top Destination Growth (2017 - 2018): Netherlands, $33.5M

Between 2017 and 2018, the exports of Insulating Glass grew the fastest in China ($63.2M), Germany ($38.5M), Croatia ($31.8M), Spain ($28.2M), and United States ($27.4M).

Between 2017 and 2018, the fastest growing importers of Insulating Glass were Netherlands ($33.5M), United Kingdom ($25.6M), Switzerland ($25.4M), Poland ($23.3M), and Germany ($20.4M).

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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 Insulating Glass.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Insulating Glass are explained by 18 countries.

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TOP NET EXPORTER (2018): Germany, $310M

TOP NET IMPORTER (2018): Netherlands, $157M

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

In 2018, the countries that had a largest trade value in exports than in imports of Insulating Glass were Germany ($310M), China ($269M), Poland ($154M), Spain ($87.9M), and Mexico ($74.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Insulating Glass were Netherlands ($157M), Canada ($145M), United States ($81M), Norway ($77.2M), and Switzerland ($73.5M).

Trade Forecasts

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This section shows forecasts for total trade for Insulating Glass. 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 Insulating Glass was 10%.  The countries with the highest tariffs for importing Insulating Glass were Bahamas (40.2%), Sudan (35%), Malaysia (30%), 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.