HS Icon Large Iron Containers

7309 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.85B, Rnk 576 / 1225

Top Exporter (2018): $391M, China

Top Importer (2018): $486M, United States

Product Complexity (2018): 0.098, Rnk 507 / 1018

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 566 / 1225

Mean Tariff (2018): 8.12%, Rnk 533 / 1259

Share of World Trade (2018): 0.021%, Rnk 576 / 1225

Overview: In 2018, Large Iron Containers were the world's 576th most traded product, with a total trade of $3.85B. Between 2017 and 2018 the exports of Large Iron Containers grew by 13.9%, from  $3.38B to $3.85B. Trade in Large Iron Containers represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Large Iron Containers  were China ($391M), Germany ($371M), United States ($359M), Italy ($282M), and Poland ($232M).

Imports: In 2018 the top importers of Large Iron Containers were United States ($486M), Germany ($262M), France ($166M), China ($145M), and Canada ($135M).

Tariffs: In 2018 the average tariff for Large Iron Containers was 8.12%, been the 533 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large Iron Containers are Bahamas (41.8%), Angola (30%), Algeria (29%), Syria (25.3%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Large Iron Containers ranks 507th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $391M

Top Destination (2018): United States, $486M

Large Iron Containers are the world's 576th most traded product.

In 2018, the top exporters of Large Iron Containers were China ($391M), Germany ($371M), United States ($359M), Italy ($282M), and Poland ($232M).

In 2018, the top importers of Large Iron Containers were United States ($486M), Germany ($262M), France ($166M), China ($145M), and Canada ($135M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $89M

Top Destination Growth (2017 - 2018): Germany, $94.1M

Between 2017 and 2018, the exports of Large Iron Containers grew the fastest in Poland ($89M), Germany ($59.6M), Spain ($59.5M), Canada ($52.3M), and Thailand ($36.1M).

Between 2017 and 2018, the fastest growing importers of Large Iron Containers were Germany ($94.1M), Saudi Arabia ($89M), Japan ($48.1M), France ($44.2M), and Lithuania ($36.9M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Large Iron Containers.

In 2018,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Large Iron Containers are explained by 30 countries.

TOP NET EXPORTER (2018): Italy, $250M

TOP NET IMPORTER (2018): United States, $127M

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

In 2018, the countries that had a largest trade value in exports than imports of Large Iron Containers were Italy ($250M), China ($246M), Poland ($202M), Spain ($153M), and South Korea ($151M).

In 2018, the countries that had a largest trade value in imports than exports of Large Iron Containers were United States ($127M), Saudi Arabia ($108M), France ($80.2M), Switzerland ($61.4M), and Norway ($56.4M).

Trade Forecasts

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This section shows forecasts for total trade for Large Iron Containers. 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 Large Iron Containers was 8.12%.  The countries with the highest tariffs for importing Large Iron Containers were Bahamas (41.8%), Angola (30%), Algeria (29%), Syria (25.3%), 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.