HS Icon Coated Flat-Rolled Iron

7210 (Harmonized System 1992 for 4-digit)

World Trade (2018): $53.6B, Rnk 66 / 1225

Top Exporter (2018): $13.1B, China

Top Importer (2018): $3.99B, United States

Product Complexity (2018): -0.12, Rnk 587 / 1018

Export Growth (CAGR)(2017 - 2018): 8.85%, Rnk 824 / 1225

Mean Tariff (2018): 5.88%, Rnk 716 / 1259

Share of World Trade (2018): 0.29%, Rnk 66 / 1225

Overview:  This page contains the latest trade data of Coated Flat-Rolled Iron. In 2018, Coated Flat-Rolled Iron were the world's 66th most traded product, with a total trade of $53.6B. Between 2017 and 2018 the exports of Coated Flat-Rolled Iron grew by 8.85%, from  $49.3B to $53.6B. Trade in Coated Flat-Rolled Iron represent 0.29% of total world trade.

Exports: In 2018 the top exporters of Coated Flat-Rolled Iron  were China ($13.1B), South Korea ($6.55B), Belgium-Luxembourg ($4.34B), Germany ($2.99B), and Japan ($2.72B).

Imports: In 2018 the top importers of Coated Flat-Rolled Iron were United States ($3.99B), Germany ($3.96B), Belgium-Luxembourg ($2.07B), Mexico ($1.93B), and Poland ($1.91B).

Tariffs: In 2018 the average tariff for Coated Flat-Rolled Iron was 5.88%, been the 716 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coated Flat-Rolled Iron are Bahamas (41.3%), Sudan (35%), Zambia (27.2%), Bermuda (25%), and Nepal (24.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Coated Flat-Rolled Iron ranks 587th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $13.1B

Top Destination (2018): United States, $3.99B

Coated Flat-Rolled Iron are the world's 66th most traded product.

In 2018, the top exporters of Coated Flat-Rolled Iron were China ($13.1B), South Korea ($6.55B), Belgium-Luxembourg ($4.34B), Germany ($2.99B), and Japan ($2.72B).

In 2018, the top importers of Coated Flat-Rolled Iron were United States ($3.99B), Germany ($3.96B), Belgium-Luxembourg ($2.07B), Mexico ($1.93B), and Poland ($1.91B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.5B

Top Destination Growth (2017 - 2018): Germany, $577M

Between 2017 and 2018, the exports of Coated Flat-Rolled Iron grew the fastest in China ($1.5B), Belgium-Luxembourg ($947M), South Korea ($511M), Chinese Taipei ($410M), and Vietnam ($387M).

Between 2017 and 2018, the fastest growing importers of Coated Flat-Rolled Iron were Germany ($577M), Philippines ($341M), Thailand ($280M), Netherlands ($277M), and Indonesia ($254M).

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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 Coated Flat-Rolled Iron.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Coated Flat-Rolled Iron are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $11.4B

TOP NET IMPORTER (2018): United States, $2.76B

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

In 2018, the countries that had a largest trade value in exports than in imports of Coated Flat-Rolled Iron were China ($11.4B), South Korea ($5.23B), Belgium-Luxembourg ($2.27B), Japan ($2.03B), and Chinese Taipei ($1.77B).

In 2018, the countries that had a largest trade value in imports than in exports of Coated Flat-Rolled Iron were United States ($2.76B), Thailand ($1.68B), Mexico ($1.61B), Poland ($1.5B), and Philippines ($1.13B).

Trade Forecasts

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This section shows forecasts for total trade for Coated Flat-Rolled 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 Coated Flat-Rolled Iron was 5.88%.  The countries with the highest tariffs for importing Coated Flat-Rolled Iron were Bahamas (41.3%), Sudan (35%), Zambia (27.2%), Bermuda (25%), and Nepal (24.1%).

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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.