HS Icon Glass containers nes for packing or conveyance goods

701090 (Harmonized System 1992 for 6-digit)

World Trade (2018): $10.4B, Rnk 297 / 4726

Top Exporter (2018): $1.79B, China

Top Importer (2018): $1.55B, United States

Product Complexity (2018): -0.65, Rnk 3560 / 4873

Export Growth (CAGR)(2017 - 2018): 14.5%, Rnk 1963 / 4726

Mean Tariff (2018): 10.2%, Rnk 2200 / 6538

Share of World Trade (2018): 0.056%, Rnk 297 / 4726

Overview:  This page contains the latest trade data of Glass containers nes for packing or conveyance goods. In 2018, Glass containers nes for packing or conveyance goods were the world's 297th most traded product, with a total trade of $10.4B. Between 2017 and 2018 the exports of Glass containers nes for packing or conveyance goods grew by 14.5%, from  $9.05B to $10.4B. Trade in Glass containers nes for packing or conveyance goods represent 0.056% of total world trade.

Exports: In 2018 the top exporters of Glass containers nes for packing or conveyance goods  were China ($1.79B), Germany ($1.3B), Italy ($859M), France ($822M), and Mexico ($469M).

Imports: In 2018 the top importers of Glass containers nes for packing or conveyance goods were United States ($1.55B), France ($1.31B), Spain ($632M), Italy ($560M), and Germany ($474M).

Tariffs: In 2018 the average tariff for Glass containers nes for packing or conveyance goods was 10.2%, been the 2200 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Glass containers nes for packing or conveyance goods are Bahamas (42.4%), Malaysia (30%), Uzbekistan (28.7%), Bangladesh (25%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Glass containers nes for packing or conveyance goods ranks 3560th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.79B

Top Destination (2018): United States, $1.55B

Glass containers nes for packing or conveyance goods are the world's 297th most traded product.

In 2018, the top exporters of Glass containers nes for packing or conveyance goods were China ($1.79B), Germany ($1.3B), Italy ($859M), France ($822M), and Mexico ($469M).

In 2018, the top importers of Glass containers nes for packing or conveyance goods were United States ($1.55B), France ($1.31B), Spain ($632M), Italy ($560M), and Germany ($474M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $184M

Top Destination Growth (2017 - 2018): France, $241M

Between 2017 and 2018, the exports of Glass containers nes for packing or conveyance goods grew the fastest in Germany ($184M), Italy ($163M), Poland ($118M), China ($118M), and France ($93M).

Between 2017 and 2018, the fastest growing importers of Glass containers nes for packing or conveyance goods were France ($241M), Italy ($118M), Spain ($105M), United States ($103M), and Germany ($102M).

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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 containers nes for packing or conveyance goods.

In 2018,  market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Glass containers nes for packing or conveyance goods are explained by 26 countries.

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TOP NET EXPORTER (2018): China, $1.73B

TOP NET IMPORTER (2018): United States, $1.44B

This map shows which countries export or import more of Glass containers nes for packing or conveyance goods. Each country is colored based on the difference in exports and imports of Glass containers nes for packing or conveyance goods during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Glass containers nes for packing or conveyance goods were China ($1.73B), Germany ($826M), Mexico ($344M), Italy ($299M), and Portugal ($274M).

In 2018, the countries that had a largest trade value in imports than in exports of Glass containers nes for packing or conveyance goods were United States ($1.44B), France ($485M), Spain ($289M), Belgium-Luxembourg ($209M), and Vietnam ($180M).

Trade Forecasts

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This section shows forecasts for total trade for Glass containers nes for packing or conveyance goods. 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 containers nes for packing or conveyance goods was 10.2%.  The countries with the highest tariffs for importing Glass containers nes for packing or conveyance goods were Bahamas (42.4%), Malaysia (30%), Uzbekistan (28.7%), Bangladesh (25%), and Tanzania (23.6%).

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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.