HS Icon Other Small Iron Pipes

7306 (Harmonized System 1992 for 4-digit)

World Trade (2018): $25.5B, Rnk 150 / 1225

Top Exporter (2018): $3.91B, Italy

Top Importer (2018): $3.75B, United States

Product Complexity (2018): -0.28, Rnk 633 / 1018

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 513 / 1225

Mean Tariff (2018): 7.24%, Rnk 602 / 1259

Share of World Trade (2018): 0.14%, Rnk 150 / 1225

Overview: In 2018, Other Small Iron Pipes were the world's 150th most traded product, with a total trade of $25.5B. Between 2017 and 2018 the exports of Other Small Iron Pipes grew by 15.1%, from  $22.1B to $25.5B. Trade in Other Small Iron Pipes represent 0.14% of total world trade.

Exports: In 2018 the top exporters of Other Small Iron Pipes  were Italy ($3.91B), China ($3.21B), Germany ($1.89B), United States ($1.49B), and South Korea ($1.48B).

Imports: In 2018 the top importers of Other Small Iron Pipes were United States ($3.75B), Germany ($2.4B), Canada ($1.18B), France ($1.12B), and Poland ($924M).

Tariffs: In 2018 the average tariff for Other Small Iron Pipes was 7.24%, been the 602 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Small Iron Pipes are Bahamas (40.8%), Nepal (30%), Bermuda (25%), Bangladesh (20.7%), and Tunisia (20%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), South Korea (0%), Singapore (0%), and Turkey (0%).

Ranking: Other Small Iron Pipes ranks 633rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $3.91B

Top Destination (2018): United States, $3.75B

Other Small Iron Pipes are the world's 150th most traded product.

In 2018, the top exporters of Other Small Iron Pipes were Italy ($3.91B), China ($3.21B), Germany ($1.89B), United States ($1.49B), and South Korea ($1.48B).

In 2018, the top importers of Other Small Iron Pipes were United States ($3.75B), Germany ($2.4B), Canada ($1.18B), France ($1.12B), and Poland ($924M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $573M

Top Destination Growth (2017 - 2018): Germany, $308M

Between 2017 and 2018, the exports of Other Small Iron Pipes grew the fastest in China ($573M), Italy ($457M), Germany ($351M), Vietnam ($320M), and Chinese Taipei ($254M).

Between 2017 and 2018, the fastest growing importers of Other Small Iron Pipes were Germany ($308M), Netherlands ($242M), Australia ($228M), Poland ($201M), and France ($184M).

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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 Small Iron Pipes.

In 2018,  market concentration measured using Shannon Entropy, was 4.78. This means that most of the exports of Other Small Iron Pipes are explained by 27 countries.

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TOP NET EXPORTER (2018): Italy, $3.58B

TOP NET IMPORTER (2018): United States, $2.26B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Small Iron Pipes were Italy ($3.58B), China ($2.77B), South Korea ($1.33B), Turkey ($1.11B), and Chinese Taipei ($885M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Small Iron Pipes were United States ($2.26B), France ($820M), Germany ($510M), Poland ($492M), and Australia ($409M).

Trade Forecasts

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This section shows forecasts for total trade for Other Small 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 Small Iron Pipes was 7.24%.  The countries with the highest tariffs for importing Other Small Iron Pipes were Bahamas (40.8%), Nepal (30%), Bermuda (25%), Bangladesh (20.7%), and Tunisia (20%).

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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.