HS Icon Waste or scrap, of cast iron

720410 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.82B, Rnk 1416 / 4726

Top Exporter (2018): $345M, United States

Top Importer (2018): $170M, India

Product Complexity (2018): -1.04, Rnk 4055 / 4873

Export Growth (CAGR)(2017 - 2018): 65.5%, Rnk 198 / 4726

Mean Tariff (2018): 2.69%, Rnk 5877 / 6538

Share of World Trade (2018): 0.0099%, Rnk 1416 / 4726

Overview:  This page contains the latest trade data of Waste or scrap, of cast iron. In 2018, Waste or scrap, of cast iron were the world's 1416th most traded product, with a total trade of $1.82B. Between 2017 and 2018 the exports of Waste or scrap, of cast iron grew by 65.5%, from  $1.1B to $1.82B. Trade in Waste or scrap, of cast iron represent 0.0099% of total world trade.

Exports: In 2018 the top exporters of Waste or scrap, of cast iron  were United States ($345M), Australia ($184M), United Kingdom ($145M), Germany ($123M), and Netherlands ($111M).

Imports: In 2018 the top importers of Waste or scrap, of cast iron were India ($170M), Germany ($127M), Indonesia ($125M), Thailand ($123M), and Pakistan ($99.5M).

Tariffs: In 2018 the average tariff for Waste or scrap, of cast iron was 2.69%, been the 5877 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Waste or scrap, of cast iron are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Pakistan (13.4%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Waste or scrap, of cast iron ranks 4055th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $345M

Top Destination (2018): India, $170M

Waste or scrap, of cast iron are the world's 1416th most traded product.

In 2018, the top exporters of Waste or scrap, of cast iron were United States ($345M), Australia ($184M), United Kingdom ($145M), Germany ($123M), and Netherlands ($111M).

In 2018, the top importers of Waste or scrap, of cast iron were India ($170M), Germany ($127M), Indonesia ($125M), Thailand ($123M), and Pakistan ($99.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $162M

Top Destination Growth (2017 - 2018): Thailand, $109M

Between 2017 and 2018, the exports of Waste or scrap, of cast iron grew the fastest in United States ($162M), United Kingdom ($89.9M), Australia ($83.5M), Malaysia ($56.8M), and France ($46.2M).

Between 2017 and 2018, the fastest growing importers of Waste or scrap, of cast iron were Thailand ($109M), India ($108M), Indonesia ($74.6M), Pakistan ($72.2M), and Malaysia ($70M).

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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 Waste or scrap, of cast iron.

In 2018,  market concentration measured using Shannon Entropy, was 4.72. This means that most of the exports of Waste or scrap, of cast iron are explained by 26 countries.

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TOP NET EXPORTER (2018): United States, $295M

TOP NET IMPORTER (2018): India, $169M

This map shows which countries export or import more of Waste or scrap, of cast iron. Each country is colored based on the difference in exports and imports of Waste or scrap, of cast iron during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Waste or scrap, of cast iron were United States ($295M), Australia ($184M), United Kingdom ($120M), Lebanon ($91M), and France ($64.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Waste or scrap, of cast iron were India ($169M), Thailand ($122M), Indonesia ($121M), Pakistan ($99.2M), and Turkey ($96.7M).

Trade Forecasts

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This section shows forecasts for total trade for Waste or scrap, of cast iron. 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 Waste or scrap, of cast iron was 2.69%.  The countries with the highest tariffs for importing Waste or scrap, of cast iron were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Pakistan (13.4%).

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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.