HS Icon Glass Mirrors

7009 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.08B, Rnk 421 / 1225

Top Exporter (2018): $1.99B, China

Top Importer (2018): $1.15B, Germany

Product Complexity (2018): 1.15, Rnk 125 / 1018

Export Growth (CAGR)(2017 - 2018): 5.73%, Rnk 949 / 1225

Mean Tariff (2018): 11.9%, Rnk 319 / 1259

Share of World Trade (2018): 0.038%, Rnk 421 / 1225

Overview:  This page contains the latest trade data of Glass Mirrors. In 2018, Glass Mirrors were the world's 421st most traded product, with a total trade of $7.08B. Between 2017 and 2018 the exports of Glass Mirrors grew by 5.73%, from  $6.69B to $7.08B. Trade in Glass Mirrors represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Glass Mirrors  were China ($1.99B), United States ($1.73B), Germany ($718M), Hungary ($355M), and Chinese Taipei ($227M).

Imports: In 2018 the top importers of Glass Mirrors were Germany ($1.15B), United States ($1.02B), Japan ($381M), Canada ($353M), and United Kingdom ($336M).

Tariffs: In 2018 the average tariff for Glass Mirrors was 11.9%, been the 319 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass Mirrors are Bahamas (41.5%), Zimbabwe (36.5%), Sudan (35%), Maldives (33.2%), and Nepal (30%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Glass Mirrors ranks 125th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.99B

Top Destination (2018): Germany, $1.15B

Glass Mirrors are the world's 421st most traded product.

In 2018, the top exporters of Glass Mirrors were China ($1.99B), United States ($1.73B), Germany ($718M), Hungary ($355M), and Chinese Taipei ($227M).

In 2018, the top importers of Glass Mirrors were Germany ($1.15B), United States ($1.02B), Japan ($381M), Canada ($353M), and United Kingdom ($336M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $173M

Top Destination Growth (2017 - 2018): United States, $118M

Between 2017 and 2018, the exports of Glass Mirrors grew the fastest in China ($173M), Germany ($89.7M), France ($30.8M), Belgium-Luxembourg ($26.4M), and Thailand ($24M).

Between 2017 and 2018, the fastest growing importers of Glass Mirrors were United States ($118M), China ($36.3M), Belgium-Luxembourg ($34.4M), Thailand ($32M), and Mexico ($29M).

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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 Mirrors.

In 2018,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Glass Mirrors are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $1.67B

TOP NET IMPORTER (2018): Germany, $434M

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

In 2018, the countries that had a largest trade value in exports than in imports of Glass Mirrors were China ($1.67B), United States ($712M), Hungary ($282M), Chinese Taipei ($217M), and Poland ($88.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Glass Mirrors were Germany ($434M), Canada ($316M), Japan ($282M), United Kingdom ($219M), and France ($124M).

Trade Forecasts

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This section shows forecasts for total trade for Glass Mirrors. 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 Mirrors was 11.9%.  The countries with the highest tariffs for importing Glass Mirrors were Bahamas (41.5%), Zimbabwe (36.5%), Sudan (35%), Maldives (33.2%), and Nepal (30%).

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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.