HS Icon Glass Bottles

7010 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10.6B, Rnk 312 / 1225

Top Exporter (2018): $1.81B, China

Top Importer (2018): $1.56B, United States

Product Complexity (2018): -0.44, Rnk 682 / 1018

Export Growth (CAGR)(2017 - 2018): 14.2%, Rnk 557 / 1225

Mean Tariff (2018): 7.72%, Rnk 565 / 1259

Share of World Trade (2018): 0.058%, Rnk 312 / 1225

Overview: In 2018, Glass Bottles were the world's 312th most traded product, with a total trade of $10.6B. Between 2017 and 2018 the exports of Glass Bottles grew by 14.2%, from  $9.26B to $10.6B. Trade in Glass Bottles represent 0.058% of total world trade.

Exports: In 2018 the top exporters of Glass Bottles  were China ($1.81B), Germany ($1.32B), Italy ($871M), France ($833M), and Mexico ($487M).

Imports: In 2018 the top importers of Glass Bottles were United States ($1.56B), France ($1.32B), Spain ($647M), Italy ($564M), and Germany ($490M).

Tariffs: In 2018 the average tariff for Glass Bottles was 7.72%, been the 565 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass Bottles are Bahamas (40.9%), Uzbekistan (28.7%), Iran (21.6%), Tunisia (20%), and Ethiopia (19.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Glass Bottles ranks 682nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.81B

Top Destination (2018): United States, $1.56B

Glass Bottles are the world's 312th most traded product.

In 2018, the top exporters of Glass Bottles were China ($1.81B), Germany ($1.32B), Italy ($871M), France ($833M), and Mexico ($487M).

In 2018, the top importers of Glass Bottles were United States ($1.56B), France ($1.32B), Spain ($647M), Italy ($564M), and Germany ($490M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $182M

Top Destination Growth (2017 - 2018): France, $245M

Between 2017 and 2018, the exports of Glass Bottles grew the fastest in Germany ($182M), Italy ($157M), Poland ($117M), China ($111M), and France ($88.4M).

Between 2017 and 2018, the fastest growing importers of Glass Bottles were France ($245M), Italy ($120M), United States ($108M), Spain ($101M), and Germany ($99M).

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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 Bottles.

In 2018,  market concentration measured using Shannon Entropy, was 4.72. This means that most of the exports of Glass Bottles are explained by 26 countries.

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TOP NET EXPORTER (2018): China, $1.75B

TOP NET IMPORTER (2018): United States, $1.45B

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

In 2018, the countries that had a largest trade value in exports than in imports of Glass Bottles were China ($1.75B), Germany ($826M), Mexico ($357M), Italy ($307M), and Portugal ($273M).

In 2018, the countries that had a largest trade value in imports than in exports of Glass Bottles were United States ($1.45B), France ($485M), Spain ($299M), Belgium-Luxembourg ($210M), and Vietnam ($181M).

Trade Forecasts

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This section shows forecasts for total trade for Glass Bottles. 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 Bottles was 7.72%.  The countries with the highest tariffs for importing Glass Bottles were Bahamas (40.9%), Uzbekistan (28.7%), Iran (21.6%), Tunisia (20%), and Ethiopia (19.8%).

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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.