HS Icon Iron Cloth

7314 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.29B, Rnk 485 / 1225

Top Exporter (2018): $1.23B, China

Top Importer (2018): $553M, France

Product Complexity (2018): -0.0061, Rnk 553 / 1018

Export Growth (CAGR)(2017 - 2018): 21.7%, Rnk 300 / 1225

Mean Tariff (2018): 10.5%, Rnk 403 / 1259

Share of World Trade (2018): 0.029%, Rnk 485 / 1225

Overview:  This page contains the latest trade data of Iron Cloth. In 2018, Iron Cloth were the world's 485th most traded product, with a total trade of $5.29B. Between 2017 and 2018 the exports of Iron Cloth grew by 21.7%, from  $4.35B to $5.29B. Trade in Iron Cloth represent 0.029% of total world trade.

Exports: In 2018 the top exporters of Iron Cloth  were China ($1.23B), Germany ($603M), Italy ($531M), Netherlands ($359M), and Spain ($237M).

Imports: In 2018 the top importers of Iron Cloth were France ($553M), Germany ($546M), United States ($512M), Belgium-Luxembourg ($258M), and Austria ($175M).

Tariffs: In 2018 the average tariff for Iron Cloth was 10.5%, been the 403 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Cloth are Bahamas (42.1%), Sri Lanka (29.9%), Nepal (29.5%), Algeria (28.7%), and Cameroon (28.5%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), South Korea (0%), Singapore (0%), and Turkey (0%).

Ranking: Iron Cloth ranks 553rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.23B

Top Destination (2018): France, $553M

Iron Cloth are the world's 485th most traded product.

In 2018, the top exporters of Iron Cloth were China ($1.23B), Germany ($603M), Italy ($531M), Netherlands ($359M), and Spain ($237M).

In 2018, the top importers of Iron Cloth were France ($553M), Germany ($546M), United States ($512M), Belgium-Luxembourg ($258M), and Austria ($175M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $279M

Top Destination Growth (2017 - 2018): United States, $153M

Between 2017 and 2018, the exports of Iron Cloth grew the fastest in China ($279M), Italy ($120M), Spain ($54.3M), Poland ($50.4M), and Mexico ($42.9M).

Between 2017 and 2018, the fastest growing importers of Iron Cloth were United States ($153M), France ($123M), Croatia ($79.5M), Germany ($75.5M), and Belgium-Luxembourg ($57.9M).

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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 Iron Cloth.

In 2018,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Iron Cloth are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $1.15B

TOP NET IMPORTER (2018): France, $467M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Cloth were China ($1.15B), Italy ($411M), Netherlands ($194M), Spain ($141M), and Poland ($94.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Cloth were France ($467M), United States ($358M), Austria ($142M), Australia ($98.7M), and Croatia ($76.5M).

Trade Forecasts

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This section shows forecasts for total trade for Iron Cloth. 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 Cloth was 10.5%.  The countries with the highest tariffs for importing Iron Cloth were Bahamas (42.1%), Sri Lanka (29.9%), Nepal (29.5%), Algeria (28.7%), and Cameroon (28.5%).

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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.