HS Icon Glass Fibers

7019 (Harmonized System 1992 for 4-digit)

World Trade (2018): $13B, Rnk 276 / 1225

Top Exporter (2018): $2.6B, China

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

Product Complexity (2018): 0.51, Rnk 371 / 1018

Export Growth (CAGR)(2017 - 2018): 13.7%, Rnk 584 / 1225

Mean Tariff (2018): 6.25%, Rnk 672 / 1259

Share of World Trade (2018): 0.071%, Rnk 276 / 1225

Overview: In 2018, Glass Fibers were the world's 276th most traded product, with a total trade of $13B. Between 2017 and 2018 the exports of Glass Fibers grew by 13.7%, from  $11.5B to $13B. Trade in Glass Fibers represent 0.071% of total world trade.

Exports: In 2018 the top exporters of Glass Fibers  were China ($2.6B), United States ($1.18B), Germany ($923M), Belgium-Luxembourg ($686M), and France ($596M).

Imports: In 2018 the top importers of Glass Fibers were United States ($1.55B), Germany ($1.37B), China ($677M), France ($677M), and Mexico ($487M).

Tariffs: In 2018 the average tariff for Glass Fibers was 6.25%, been the 672 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass Fibers are Bahamas (37.2%), Sudan (35%), Bermuda (25%), Ethiopia (19.8%), and Mauritania (18.1%). The countries with the lowest tariffs are Angola (0%), Uganda (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Glass Fibers ranks 371st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.6B

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

Glass Fibers are the world's 276th most traded product.

In 2018, the top exporters of Glass Fibers were China ($2.6B), United States ($1.18B), Germany ($923M), Belgium-Luxembourg ($686M), and France ($596M).

In 2018, the top importers of Glass Fibers were United States ($1.55B), Germany ($1.37B), China ($677M), France ($677M), and Mexico ($487M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $325M

Top Destination Growth (2017 - 2018): United States, $441M

Between 2017 and 2018, the exports of Glass Fibers grew the fastest in China ($325M), Germany ($181M), Egypt ($124M), United Kingdom ($121M), and United States ($95.9M).

Between 2017 and 2018, the fastest growing importers of Glass Fibers were United States ($441M), Germany ($113M), Poland ($93M), Denmark ($92.4M), and Netherlands ($71.8M).

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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 Fibers.

In 2018,  market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Glass Fibers are explained by 25 countries.

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TOP NET EXPORTER (2018): China, $1.92B

TOP NET IMPORTER (2018): Germany, $450M

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

In 2018, the countries that had a largest trade value in exports than in imports of Glass Fibers were China ($1.92B), Malaysia ($403M), Chinese Taipei ($381M), Belgium-Luxembourg ($331M), and Egypt ($324M).

In 2018, the countries that had a largest trade value in imports than in exports of Glass Fibers were Germany ($450M), United States ($375M), South Korea ($320M), India ($240M), and Poland ($199M).

Trade Forecasts

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This section shows forecasts for total trade for Glass Fibers. 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 Fibers was 6.25%.  The countries with the highest tariffs for importing Glass Fibers were Bahamas (37.2%), Sudan (35%), Bermuda (25%), Ethiopia (19.8%), and Mauritania (18.1%).

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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.