HS Icon Iron Gas Containers

7311 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.55B, Rnk 591 / 1225

Top Exporter (2018): $659M, China

Top Importer (2018): $375M, United States

Product Complexity (2018): 0.02, Rnk 539 / 1018

Export Growth (CAGR)(2017 - 2018): 22.8%, Rnk 268 / 1225

Mean Tariff (2018): 8.31%, Rnk 521 / 1259

Share of World Trade (2018): 0.019%, Rnk 591 / 1225

Overview:  This page contains the latest trade data of Iron Gas Containers. In 2018, Iron Gas Containers were the world's 591st most traded product, with a total trade of $3.55B. Between 2017 and 2018 the exports of Iron Gas Containers grew by 22.8%, from  $2.89B to $3.55B. Trade in Iron Gas Containers represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Iron Gas Containers  were China ($659M), United States ($381M), Thailand ($249M), Italy ($240M), and Czechia ($220M).

Imports: In 2018 the top importers of Iron Gas Containers were United States ($375M), Germany ($232M), Canada ($145M), Spain ($139M), and United Kingdom ($129M).

Tariffs: In 2018 the average tariff for Iron Gas Containers was 8.31%, been the 521 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Gas Containers are Bahamas (41.8%), Argentina (33.4%), Uganda (23.5%), Kenya (23.4%), and Iran (20%). The countries with the lowest tariffs are Mauritania (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Hong Kong (0%).

Ranking: Iron Gas Containers ranks 539th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $659M

Top Destination (2018): United States, $375M

Iron Gas Containers are the world's 591st most traded product.

In 2018, the top exporters of Iron Gas Containers were China ($659M), United States ($381M), Thailand ($249M), Italy ($240M), and Czechia ($220M).

In 2018, the top importers of Iron Gas Containers were United States ($375M), Germany ($232M), Canada ($145M), Spain ($139M), and United Kingdom ($129M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $176M

Top Destination Growth (2017 - 2018): Bangladesh, $85.7M

Between 2017 and 2018, the exports of Iron Gas Containers grew the fastest in Thailand ($176M), United States ($71.9M), China ($55M), Italy ($53.4M), and Czechia ($38.2M).

Between 2017 and 2018, the fastest growing importers of Iron Gas Containers were Bangladesh ($85.7M), Germany ($66.2M), Netherlands ($43M), Japan ($42.8M), and Belgium-Luxembourg ($39.7M).

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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 Iron Gas Containers.

In 2018,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Iron Gas Containers are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $569M

TOP NET IMPORTER (2018): Bangladesh, $120M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Gas Containers were China ($569M), Thailand ($213M), Czechia ($185M), Italy ($181M), and Turkey ($112M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Gas Containers were Bangladesh ($120M), Canada ($120M), Spain ($100M), Netherlands ($66.7M), and Nigeria ($63.1M).

Trade Forecasts

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This section shows forecasts for total trade for Iron Gas 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 Iron Gas Containers was 8.31%.  The countries with the highest tariffs for importing Iron Gas Containers were Bahamas (41.8%), Argentina (33.4%), Uganda (23.5%), Kenya (23.4%), and Iran (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.