HS Icon Iron Powder

7205 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.5B, Rnk 675 / 1225

Top Exporter (2018): $498M, Sweden

Top Importer (2018): $328M, Germany

Product Complexity (2018): 0.56, Rnk 345 / 1018

Export Growth (CAGR)(2017 - 2018): 16.4%, Rnk 459 / 1225

Mean Tariff (2018): 3.1%, Rnk 1123 / 1259

Share of World Trade (2018): 0.014%, Rnk 675 / 1225

Overview:  This page contains the latest trade data of Iron Powder. In 2018, Iron Powder were the world's 675th most traded product, with a total trade of $2.5B. Between 2017 and 2018 the exports of Iron Powder grew by 16.4%, from  $2.15B to $2.5B. Trade in Iron Powder represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Iron Powder  were Sweden ($498M), United States ($265M), Japan ($261M), Germany ($238M), and China ($210M).

Imports: In 2018 the top importers of Iron Powder were Germany ($328M), China ($307M), United States ($239M), South Korea ($182M), and Japan ($157M).

Tariffs: In 2018 the average tariff for Iron Powder was 3.1%, been the 1123 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Powder are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Iron Powder ranks 345th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sweden, $498M

Top Destination (2018): Germany, $328M

Iron Powder are the world's 675th most traded product.

In 2018, the top exporters of Iron Powder were Sweden ($498M), United States ($265M), Japan ($261M), Germany ($238M), and China ($210M).

In 2018, the top importers of Iron Powder were Germany ($328M), China ($307M), United States ($239M), South Korea ($182M), and Japan ($157M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $49.8M

Top Destination Growth (2017 - 2018): Germany, $55.2M

Between 2017 and 2018, the exports of Iron Powder grew the fastest in United States ($49.8M), Belgium-Luxembourg ($40.9M), Germany ($38.9M), Sweden ($32.8M), and China ($24.2M).

Between 2017 and 2018, the fastest growing importers of Iron Powder were Germany ($55.2M), Canada ($40.8M), United States ($21M), China ($17.8M), and Thailand ($17.6M).

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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 Iron Powder.

In 2018,  market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Iron Powder are explained by 16 countries.

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TOP NET EXPORTER (2018): Sweden, $475M

TOP NET IMPORTER (2018): South Korea, $132M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Powder were Sweden ($475M), Canada ($140M), Japan ($104M), Romania ($78M), and Belgium-Luxembourg ($58.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Powder were South Korea ($132M), China ($97.7M), Germany ($90.2M), Spain ($89.9M), and Italy ($86.2M).

Trade Forecasts

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This section shows forecasts for total trade for Iron Powder. 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 Iron Powder was 3.1%.  The countries with the highest tariffs for importing Iron Powder were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Algeria (12.2%), and Aruba (12%).

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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.