HS Icon Structures and parts of structures, iron or steel, ne

730890 (Harmonized System 1992 for 6-digit)

World Trade (2018): $36B, Rnk 65 / 4726

Top Exporter (2018): $8.91B, China

Top Importer (2018): $3.31B, United States

Product Complexity (2018): 0.3, Rnk 2070 / 4873

Export Growth (CAGR)(2017 - 2018): 23%, Rnk 1166 / 4726

Mean Tariff (2018): 7.97%, Rnk 2850 / 6538

Share of World Trade (2018): 0.2%, Rnk 65 / 4726

Overview:  This page contains the latest trade data of Structures and parts of structures, iron or steel, ne. In 2018, Structures and parts of structures, iron or steel, ne were the world's 65th most traded product, with a total trade of $36B. Between 2017 and 2018 the exports of Structures and parts of structures, iron or steel, ne grew by 23%, from  $29.3B to $36B. Trade in Structures and parts of structures, iron or steel, ne represent 0.2% of total world trade.

Exports: In 2018 the top exporters of Structures and parts of structures, iron or steel, ne  were China ($8.91B), Germany ($3.08B), South Korea ($2.51B), Poland ($2.19B), and Belgium-Luxembourg ($1.41B).

Imports: In 2018 the top importers of Structures and parts of structures, iron or steel, ne were United States ($3.31B), Germany ($3.24B), Japan ($1.74B), France ($1.64B), and United Arab Emirates ($1.34B).

Tariffs: In 2018 the average tariff for Structures and parts of structures, iron or steel, ne was 7.97%, been the 2850 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Structures and parts of structures, iron or steel, ne are Fiji (31.1%), Sudan (31.1%), Angola (30%), Sri Lanka (29.6%), and Bahamas (28.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Structures and parts of structures, iron or steel, ne ranks 2070th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $8.91B

Top Destination (2018): United States, $3.31B

Structures and parts of structures, iron or steel, ne are the world's 65th most traded product.

In 2018, the top exporters of Structures and parts of structures, iron or steel, ne were China ($8.91B), Germany ($3.08B), South Korea ($2.51B), Poland ($2.19B), and Belgium-Luxembourg ($1.41B).

In 2018, the top importers of Structures and parts of structures, iron or steel, ne were United States ($3.31B), Germany ($3.24B), Japan ($1.74B), France ($1.64B), and United Arab Emirates ($1.34B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $2.08B

Top Destination Growth (2017 - 2018): United States, $3.31B

Between 2017 and 2018, the exports of Structures and parts of structures, iron or steel, ne grew the fastest in China ($2.08B), Canada ($832M), Mexico ($713M), Poland ($580M), and Germany ($491M).

Between 2017 and 2018, the fastest growing importers of Structures and parts of structures, iron or steel, ne were United States ($3.31B), United Arab Emirates ($826M), Germany ($674M), France ($617M), and Netherlands ($371M).

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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 Structures and parts of structures, iron or steel, ne.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Structures and parts of structures, iron or steel, ne are explained by 24 countries.

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TOP NET EXPORTER (2018): China, $8.6B

TOP NET IMPORTER (2018): United States, $2.52B

This map shows which countries export or import more of Structures and parts of structures, iron or steel, ne. Each country is colored based on the difference in exports and imports of Structures and parts of structures, iron or steel, ne during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Structures and parts of structures, iron or steel, ne were China ($8.6B), South Korea ($1.74B), Poland ($1.67B), Spain ($926M), and Italy ($821M).

In 2018, the countries that had a largest trade value in imports than in exports of Structures and parts of structures, iron or steel, ne were United States ($2.52B), Japan ($1.46B), France ($1.15B), Norway ($1.07B), and Australia ($764M).

Trade Forecasts

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This section shows forecasts for total trade for Structures and parts of structures, iron or steel, ne. 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 Structures and parts of structures, iron or steel, ne was 7.97%.  The countries with the highest tariffs for importing Structures and parts of structures, iron or steel, ne were Fiji (31.1%), Sudan (31.1%), Angola (30%), Sri Lanka (29.6%), and Bahamas (28.1%).

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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.