HS Icon 406mm onClick=titleClick(0)>Pipe-line submerged arc welded steel diameter >406mm

730511 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.62B, Rnk 686 / 4726

Top Exporter (2018): $1.13B, Russia

Top Importer (2018): $739M, Turkey

Product Complexity (2018): 0.7, Rnk 1297 / 4873

Export Growth (CAGR)(2017 - 2018): 0.84%, Rnk 3760 / 4726

Mean Tariff (2018): 7.1%, Rnk 3165 / 6538

Share of World Trade (2018): 0.025%, Rnk 686 / 4726

Overview:  This page contains the latest trade data of Pipe-line submerged arc welded steel diameter >406mm. In 2018, Pipe-line submerged arc welded steel diameter >406mm were the world's 686th most traded product, with a total trade of $4.62B. Between 2017 and 2018 the exports of Pipe-line submerged arc welded steel diameter >406mm grew by 0.84%, from  $4.58B to $4.62B. Trade in Pipe-line submerged arc welded steel diameter >406mm represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Pipe-line submerged arc welded steel diameter >406mm  were Russia ($1.13B), Germany ($760M), Brazil ($387M), Japan ($387M), and Bulgaria ($337M).

Imports: In 2018 the top importers of Pipe-line submerged arc welded steel diameter >406mm were Turkey ($739M), Finland ($629M), Sweden ($356M), Italy ($304M), and Egypt ($239M).

Tariffs: In 2018 the average tariff for Pipe-line submerged arc welded steel diameter >406mm was 7.1%, been the 3165 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pipe-line submerged arc welded steel diameter >406mm are Bahamas (40.2%), Iran (30%), Bermuda (25%), Ecuador (23.2%), and Sudan (21.9%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Pipe-line submerged arc welded steel diameter >406mm ranks 1297th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $1.13B

Top Destination (2018): Turkey, $739M

Pipe-line submerged arc welded steel diameter >406mm are the world's 686th most traded product.

In 2018, the top exporters of Pipe-line submerged arc welded steel diameter >406mm were Russia ($1.13B), Germany ($760M), Brazil ($387M), Japan ($387M), and Bulgaria ($337M).

In 2018, the top importers of Pipe-line submerged arc welded steel diameter >406mm were Turkey ($739M), Finland ($629M), Sweden ($356M), Italy ($304M), and Egypt ($239M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $316M

Top Destination Growth (2017 - 2018): Turkey, $404M

Between 2017 and 2018, the exports of Pipe-line submerged arc welded steel diameter >406mm grew the fastest in Germany ($316M), Brazil ($287M), Italy ($92.6M), Finland ($76.8M), and Greece ($65.3M).

Between 2017 and 2018, the fastest growing importers of Pipe-line submerged arc welded steel diameter >406mm were Turkey ($404M), Sweden ($211M), Italy ($210M), Cyprus ($194M), and Qatar ($172M).

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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 Pipe-line submerged arc welded steel diameter >406mm.

In 2018,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Pipe-line submerged arc welded steel diameter >406mm are explained by 12 countries.

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TOP NET EXPORTER (2018): Russia, $1.08B

TOP NET IMPORTER (2018): Turkey, $708M

This map shows which countries export or import more of Pipe-line submerged arc welded steel diameter >406mm. Each country is colored based on the difference in exports and imports of Pipe-line submerged arc welded steel diameter >406mm during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pipe-line submerged arc welded steel diameter >406mm were Russia ($1.08B), Germany ($745M), Brazil ($387M), Japan ($386M), and India ($307M).

In 2018, the countries that had a largest trade value in imports than in exports of Pipe-line submerged arc welded steel diameter >406mm were Turkey ($708M), Finland ($552M), Sweden ($356M), Egypt ($239M), and United States ($197M).

Trade Forecasts

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This section shows forecasts for total trade for Pipe-line submerged arc welded steel diameter >406mm. 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 Pipe-line submerged arc welded steel diameter >406mm was 7.1%.  The countries with the highest tariffs for importing Pipe-line submerged arc welded steel diameter >406mm were Bahamas (40.2%), Iran (30%), Bermuda (25%), Ecuador (23.2%), and Sudan (21.9%).

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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.