HS Icon Large Coated Flat-Rolled Iron

7212 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.64B, Rnk 527 / 1225

Top Exporter (2018): $787M, Germany

Top Importer (2018): $534M, Germany

Product Complexity (2018): 0.77, Rnk 252 / 1018

Export Growth (CAGR)(2017 - 2018): 9.31%, Rnk 806 / 1225

Mean Tariff (2018): 5.87%, Rnk 719 / 1259

Share of World Trade (2018): 0.025%, Rnk 527 / 1225

Overview:  This page contains the latest trade data of Large Coated Flat-Rolled Iron. In 2018, Large Coated Flat-Rolled Iron were the world's 527th most traded product, with a total trade of $4.64B. Between 2017 and 2018 the exports of Large Coated Flat-Rolled Iron grew by 9.31%, from  $4.25B to $4.64B. Trade in Large Coated Flat-Rolled Iron represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Large Coated Flat-Rolled Iron  were Germany ($787M), Belgium-Luxembourg ($356M), United States ($324M), China ($298M), and Vietnam ($290M).

Imports: In 2018 the top importers of Large Coated Flat-Rolled Iron were Germany ($534M), France ($347M), Indonesia ($293M), Austria ($249M), and United States ($231M).

Tariffs: In 2018 the average tariff for Large Coated Flat-Rolled Iron was 5.87%, been the 719 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large Coated Flat-Rolled Iron are Bahamas (41.5%), Sudan (35%), Nepal (26.6%), Bermuda (25%), and Cameroon (21.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and South Korea (0%).

Ranking: Large Coated Flat-Rolled Iron ranks 252nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $787M

Top Destination (2018): Germany, $534M

Large Coated Flat-Rolled Iron are the world's 527th most traded product.

In 2018, the top exporters of Large Coated Flat-Rolled Iron were Germany ($787M), Belgium-Luxembourg ($356M), United States ($324M), China ($298M), and Vietnam ($290M).

In 2018, the top importers of Large Coated Flat-Rolled Iron were Germany ($534M), France ($347M), Indonesia ($293M), Austria ($249M), and United States ($231M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $64.4M

Top Destination Growth (2017 - 2018): Germany, $84.9M

Between 2017 and 2018, the exports of Large Coated Flat-Rolled Iron grew the fastest in Belgium-Luxembourg ($64.4M), United Arab Emirates ($42.7M), Vietnam ($39.6M), Netherlands ($38.4M), and Spain ($37.1M).

Between 2017 and 2018, the fastest growing importers of Large Coated Flat-Rolled Iron were Germany ($84.9M), Austria ($49.9M), Philippines ($45.3M), Thailand ($38.3M), and Poland ($33.3M).

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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 Large Coated Flat-Rolled Iron.

In 2018,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Large Coated Flat-Rolled Iron are explained by 23 countries.

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TOP NET EXPORTER (2018): Germany, $253M

TOP NET IMPORTER (2018): Indonesia, $289M

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

In 2018, the countries that had a largest trade value in exports than in imports of Large Coated Flat-Rolled Iron were Germany ($253M), Vietnam ($253M), Belgium-Luxembourg ($252M), Japan ($200M), and South Korea ($171M).

In 2018, the countries that had a largest trade value in imports than in exports of Large Coated Flat-Rolled Iron were Indonesia ($289M), Mexico ($165M), Czechia ($144M), France ($140M), and Poland ($138M).

Trade Forecasts

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This section shows forecasts for total trade for Large 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 Large Coated Flat-Rolled Iron was 5.87%.  The countries with the highest tariffs for importing Large Coated Flat-Rolled Iron were Bahamas (41.5%), Sudan (35%), Nepal (26.6%), Bermuda (25%), and Cameroon (21.3%).

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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.