HS Icon Other Large Iron Pipes

7305 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.68B, Rnk 360 / 1225

Top Exporter (2018): $1.25B, Russia

Top Importer (2018): $1.34B, United States

Product Complexity (2018): 0.28, Rnk 446 / 1018

Export Growth (CAGR)(2017 - 2018): 14.6%, Rnk 539 / 1225

Mean Tariff (2018): 7.5%, Rnk 586 / 1259

Share of World Trade (2018): 0.047%, Rnk 360 / 1225

Overview:  This page contains the latest trade data of Other Large Iron Pipes. In 2018, Other Large Iron Pipes were the world's 360th most traded product, with a total trade of $8.68B. Between 2017 and 2018 the exports of Other Large Iron Pipes grew by 14.6%, from  $7.58B to $8.68B. Trade in Other Large Iron Pipes represent 0.047% of total world trade.

Exports: In 2018 the top exporters of Other Large Iron Pipes  were Russia ($1.25B), Germany ($1.23B), China ($723M), Japan ($670M), and South Korea ($664M).

Imports: In 2018 the top importers of Other Large Iron Pipes were United States ($1.34B), Turkey ($750M), Finland ($635M), Italy ($394M), and Sweden ($379M).

Tariffs: In 2018 the average tariff for Other Large Iron Pipes was 7.5%, been the 586 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Large Iron Pipes are Bahamas (40.4%), Iran (28.8%), Bermuda (25%), Sudan (21.9%), and Ecuador (20.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Other Large Iron Pipes ranks 446th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $1.25B

Top Destination (2018): United States, $1.34B

Other Large Iron Pipes are the world's 360th most traded product.

In 2018, the top exporters of Other Large Iron Pipes were Russia ($1.25B), Germany ($1.23B), China ($723M), Japan ($670M), and South Korea ($664M).

In 2018, the top importers of Other Large Iron Pipes were United States ($1.34B), Turkey ($750M), Finland ($635M), Italy ($394M), and Sweden ($379M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Greece, $324M

Top Destination Growth (2017 - 2018): Turkey, $408M

Between 2017 and 2018, the exports of Other Large Iron Pipes grew the fastest in Greece ($324M), Brazil ($296M), Germany ($223M), Turkey ($201M), and Canada ($200M).

Between 2017 and 2018, the fastest growing importers of Other Large Iron Pipes were Turkey ($408M), United States ($398M), Italy ($245M), Sweden ($221M), and Egypt ($209M).

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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 Other Large Iron Pipes.

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Other Large Iron Pipes are explained by 19 countries.

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TOP NET EXPORTER (2018): Russia, $1.17B

TOP NET IMPORTER (2018): United States, $1.19B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Large Iron Pipes were Russia ($1.17B), Germany ($1.13B), China ($690M), South Korea ($662M), and Japan ($641M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Large Iron Pipes were United States ($1.19B), Finland ($536M), Turkey ($379M), Sweden ($374M), and Egypt ($343M).

Trade Forecasts

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This section shows forecasts for total trade for Other Large Iron Pipes. 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 Other Large Iron Pipes was 7.5%.  The countries with the highest tariffs for importing Other Large Iron Pipes were Bahamas (40.4%), Iran (28.8%), Bermuda (25%), Sudan (21.9%), and Ecuador (20.5%).

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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.