HS Icon Iron Stovetops

7321 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10.3B, Rnk 322 / 1225

Top Exporter (2018): $4.35B, China

Top Importer (2018): $2.82B, United States

Product Complexity (2018): 0.41, Rnk 410 / 1018

Export Growth (CAGR)(2017 - 2018): 0.64%, Rnk 1072 / 1225

Mean Tariff (2018): 13%, Rnk 271 / 1259

Share of World Trade (2018): 0.056%, Rnk 322 / 1225

Overview:  This page contains the latest trade data of Iron Stovetops. In 2018, Iron Stovetops were the world's 322nd most traded product, with a total trade of $10.3B. Between 2017 and 2018 the exports of Iron Stovetops grew by 0.64%, from  $10.2B to $10.3B. Trade in Iron Stovetops represent 0.056% of total world trade.

Exports: In 2018 the top exporters of Iron Stovetops  were China ($4.35B), Italy ($1.01B), Mexico ($614M), United States ($399M), and Turkey ($361M).

Imports: In 2018 the top importers of Iron Stovetops were United States ($2.82B), Germany ($770M), France ($649M), Canada ($437M), and United Kingdom ($401M).

Tariffs: In 2018 the average tariff for Iron Stovetops was 13%, been the 271 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Stovetops are Syria (60.1%), Egypt (43%), Iran (43%), Zimbabwe (32.9%), and Cameroon (28%). The countries with the lowest tariffs are Mauritius (0%), Zambia (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Iron Stovetops ranks 410th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.35B

Top Destination (2018): United States, $2.82B

Iron Stovetops are the world's 322nd most traded product.

In 2018, the top exporters of Iron Stovetops were China ($4.35B), Italy ($1.01B), Mexico ($614M), United States ($399M), and Turkey ($361M).

In 2018, the top importers of Iron Stovetops were United States ($2.82B), Germany ($770M), France ($649M), Canada ($437M), and United Kingdom ($401M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $218M

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

Between 2017 and 2018, the exports of Iron Stovetops grew the fastest in Italy ($218M), Netherlands ($97M), Germany ($30M), United Kingdom ($28.3M), and Sweden ($27.2M).

Between 2017 and 2018, the fastest growing importers of Iron Stovetops were France ($153M), Germany ($131M), Netherlands ($47.5M), Australia ($36M), and Spain ($33.8M).

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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 Stovetops.

In 2018,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Iron Stovetops are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $4.31B

TOP NET IMPORTER (2018): United States, $2.42B

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Stovetops were China ($4.31B), Italy ($761M), Mexico ($496M), Turkey ($292M), and Belarus ($93.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Stovetops were United States ($2.42B), France ($532M), Germany ($452M), United Kingdom ($301M), and Australia ($296M).

Trade Forecasts

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This section shows forecasts for total trade for Iron Stovetops. 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 Stovetops was 13%.  The countries with the highest tariffs for importing Iron Stovetops were Syria (60.1%), Egypt (43%), Iran (43%), Zimbabwe (32.9%), and Cameroon (28%).

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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.