HS Icon 300l onClick=titleClick(0)>Reservoirs/tanks/vats/etc, iron/steel capacity >300l

730900 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.85B, Rnk 812 / 4726

Top Exporter (2018): $391M, China

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

Product Complexity (2018): -0.15, Rnk 2867 / 4873

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 2056 / 4726

Mean Tariff (2018): 8.12%, Rnk 2805 / 6538

Share of World Trade (2018): 0.021%, Rnk 812 / 4726

Overview:  This page contains the latest trade data of Reservoirs/tanks/vats/etc, iron/steel capacity >300l. In 2018, Reservoirs/tanks/vats/etc, iron/steel capacity >300l were the world's 812th most traded product, with a total trade of $3.85B. Between 2017 and 2018 the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l grew by 13.9%, from  $3.38B to $3.85B. Trade in Reservoirs/tanks/vats/etc, iron/steel capacity >300l represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l  were China ($391M), Germany ($371M), United States ($359M), Italy ($282M), and Poland ($232M).

Imports: In 2018 the top importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($486M), Germany ($262M), France ($166M), China ($145M), and Canada ($135M).

Tariffs: In 2018 the average tariff for Reservoirs/tanks/vats/etc, iron/steel capacity >300l was 8.12%, been the 2805 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Reservoirs/tanks/vats/etc, iron/steel capacity >300l 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: Reservoirs/tanks/vats/etc, iron/steel capacity >300l ranks 2867th 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

Reservoirs/tanks/vats/etc, iron/steel capacity >300l are the world's 812th most traded product.

In 2018, the top exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were China ($391M), Germany ($371M), United States ($359M), Italy ($282M), and Poland ($232M).

In 2018, the top importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($486M), Germany ($262M), France ($166M), China ($145M), and Canada ($135M).

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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 Reservoirs/tanks/vats/etc, iron/steel capacity >300l 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 Reservoirs/tanks/vats/etc, iron/steel capacity >300l were Germany ($94.1M), Saudi Arabia ($89M), Japan ($48.1M), France ($44.2M), and Lithuania ($36.9M).

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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 Reservoirs/tanks/vats/etc, iron/steel capacity >300l.

In 2018,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l are explained by 30 countries.

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

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

This map shows which countries export or import more of Reservoirs/tanks/vats/etc, iron/steel capacity >300l. Each country is colored based on the difference in exports and imports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l 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 in exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l 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 Reservoirs/tanks/vats/etc, iron/steel capacity >300l. 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 Reservoirs/tanks/vats/etc, iron/steel capacity >300l was 8.12%.  The countries with the highest tariffs for importing Reservoirs/tanks/vats/etc, iron/steel capacity >300l 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.