HS Icon Semi-finished products of alloy steel except stainles

722490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.79B, Rnk 821 / 4726

Top Exporter (2018): $1.17B, Brazil

Top Importer (2018): $1.32B, United States

Product Complexity (2018): 0.72, Rnk 1254 / 4873

Export Growth (CAGR)(2017 - 2018): 29.3%, Rnk 829 / 4726

Mean Tariff (2018): 3.31%, Rnk 5531 / 6538

Share of World Trade (2018): 0.021%, Rnk 821 / 4726

Overview:  This page contains the latest trade data of Semi-finished products of alloy steel except stainles. In 2018, Semi-finished products of alloy steel except stainles were the world's 821st most traded product, with a total trade of $3.79B. Between 2017 and 2018 the exports of Semi-finished products of alloy steel except stainles grew by 29.3%, from  $2.93B to $3.79B. Trade in Semi-finished products of alloy steel except stainles represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Semi-finished products of alloy steel except stainles  were Brazil ($1.17B), Russia ($424M), Italy ($294M), Japan ($197M), and Austria ($180M).

Imports: In 2018 the top importers of Semi-finished products of alloy steel except stainles were United States ($1.32B), Germany ($497M), Belgium-Luxembourg ($245M), France ($153M), and Italy ($152M).

Tariffs: In 2018 the average tariff for Semi-finished products of alloy steel except stainles was 3.31%, been the 5531 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Semi-finished products of alloy steel except stainles are Bermuda (25%), Bahamas (22.3%), Sudan (21.9%), Mauritania (13%), and Algeria (12.2%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Semi-finished products of alloy steel except stainles ranks 1254th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Brazil, $1.17B

Top Destination (2018): United States, $1.32B

Semi-finished products of alloy steel except stainles are the world's 821st most traded product.

In 2018, the top exporters of Semi-finished products of alloy steel except stainles were Brazil ($1.17B), Russia ($424M), Italy ($294M), Japan ($197M), and Austria ($180M).

In 2018, the top importers of Semi-finished products of alloy steel except stainles were United States ($1.32B), Germany ($497M), Belgium-Luxembourg ($245M), France ($153M), and Italy ($152M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Brazil, $326M

Top Destination Growth (2017 - 2018): United States, $438M

Between 2017 and 2018, the exports of Semi-finished products of alloy steel except stainles grew the fastest in Brazil ($326M), Austria ($73.5M), Romania ($69.8M), Turkey ($68.6M), and Croatia ($61.3M).

Between 2017 and 2018, the fastest growing importers of Semi-finished products of alloy steel except stainles were United States ($438M), Canada ($89.1M), France ($69.8M), Belgium-Luxembourg ($67.7M), and Chinese Taipei ($50.2M).

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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 Semi-finished products of alloy steel except stainles.

In 2018,  market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Semi-finished products of alloy steel except stainles are explained by 14 countries.

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TOP NET EXPORTER (2018): Brazil, $1.16B

TOP NET IMPORTER (2018): United States, $1.3B

This map shows which countries export or import more of Semi-finished products of alloy steel except stainles. Each country is colored based on the difference in exports and imports of Semi-finished products of alloy steel except stainles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Semi-finished products of alloy steel except stainles were Brazil ($1.16B), Russia ($422M), Japan ($183M), Italy ($142M), and Czechia ($101M).

In 2018, the countries that had a largest trade value in imports than in exports of Semi-finished products of alloy steel except stainles were United States ($1.3B), Germany ($329M), Belgium-Luxembourg ($178M), Spain ($82.9M), and South Korea ($78.4M).

Trade Forecasts

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This section shows forecasts for total trade for Semi-finished products of alloy steel except stainles. 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 Semi-finished products of alloy steel except stainles was 3.31%.  The countries with the highest tariffs for importing Semi-finished products of alloy steel except stainles were Bermuda (25%), Bahamas (22.3%), Sudan (21.9%), Mauritania (13%), and Algeria (12.2%).

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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.