HS Icon Pipes etc nes, iron/steel welded nes,diameter <406.4m

730630 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.76B, Rnk 412 / 4726

Top Exporter (2018): $1.15B, Italy

Top Importer (2018): $958M, United States

Product Complexity (2018): -0.32, Rnk 3126 / 4873

Export Growth (CAGR)(2017 - 2018): 18.2%, Rnk 1542 / 4726

Mean Tariff (2018): 8.03%, Rnk 2833 / 6538

Share of World Trade (2018): 0.042%, Rnk 412 / 4726

Overview:  This page contains the latest trade data of Pipes etc nes, iron/steel welded nes,diameter <406.4m. In 2018, Pipes etc nes, iron/steel welded nes,diameter <406.4m were the world's 412th most traded product, with a total trade of $7.76B. Between 2017 and 2018 the exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m grew by 18.2%, from  $6.56B to $7.76B. Trade in Pipes etc nes, iron/steel welded nes,diameter <406.4m represent 0.042% of total world trade.

Exports: In 2018 the top exporters of Pipes etc nes, iron/steel welded nes,diameter <406.4m  were Italy ($1.15B), China ($964M), Germany ($572M), Turkey ($537M), and United States ($506M).

Imports: In 2018 the top importers of Pipes etc nes, iron/steel welded nes,diameter <406.4m were United States ($958M), Germany ($878M), Canada ($470M), France ($395M), and Poland ($329M).

Tariffs: In 2018 the average tariff for Pipes etc nes, iron/steel welded nes,diameter <406.4m was 8.03%, been the 2833 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pipes etc nes, iron/steel welded nes,diameter <406.4m are Bahamas (40.2%), Sudan (30.6%), Nepal (30%), Bangladesh (25%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Pipes etc nes, iron/steel welded nes,diameter <406.4m ranks 3126th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $1.15B

Top Destination (2018): United States, $958M

Pipes etc nes, iron/steel welded nes,diameter <406.4m are the world's 412th most traded product.

In 2018, the top exporters of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Italy ($1.15B), China ($964M), Germany ($572M), Turkey ($537M), and United States ($506M).

In 2018, the top importers of Pipes etc nes, iron/steel welded nes,diameter <406.4m were United States ($958M), Germany ($878M), Canada ($470M), France ($395M), and Poland ($329M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $229M

Top Destination Growth (2017 - 2018): Germany, $132M

Between 2017 and 2018, the exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m grew the fastest in Italy ($229M), China ($197M), Germany ($122M), Turkey ($93.2M), and Spain ($67.6M).

Between 2017 and 2018, the fastest growing importers of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Germany ($132M), Poland ($103M), Philippines ($88.7M), France ($85.8M), and Canada ($84.3M).

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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 Pipes etc nes, iron/steel welded nes,diameter <406.4m.

In 2018,  market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m are explained by 25 countries.

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TOP NET EXPORTER (2018): Italy, $1.01B

TOP NET IMPORTER (2018): United States, $451M

This map shows which countries export or import more of Pipes etc nes, iron/steel welded nes,diameter <406.4m. Each country is colored based on the difference in exports and imports of Pipes etc nes, iron/steel welded nes,diameter <406.4m during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Italy ($1.01B), China ($764M), Turkey ($493M), South Korea ($344M), and India ($233M).

In 2018, the countries that had a largest trade value in imports than in exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m were United States ($451M), Germany ($306M), France ($283M), Canada ($190M), and Mexico ($181M).

Trade Forecasts

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This section shows forecasts for total trade for Pipes etc nes, iron/steel welded nes,diameter <406.4m. 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 Pipes etc nes, iron/steel welded nes,diameter <406.4m was 8.03%.  The countries with the highest tariffs for importing Pipes etc nes, iron/steel welded nes,diameter <406.4m were Bahamas (40.2%), Sudan (30.6%), Nepal (30%), Bangladesh (25%), and Bermuda (25%).

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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.