HS Icon Iron Radiators

7322 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.58B, Rnk 588 / 1225

Top Exporter (2018): $466M, Turkey

Top Importer (2018): $607M, United States

Product Complexity (2018): 0.72, Rnk 276 / 1018

Export Growth (CAGR)(2017 - 2018): 5.73%, Rnk 948 / 1225

Mean Tariff (2018): 10.7%, Rnk 388 / 1259

Share of World Trade (2018): 0.019%, Rnk 588 / 1225

Overview:  This page contains the latest trade data of Iron Radiators. In 2018, Iron Radiators were the world's 588th most traded product, with a total trade of $3.58B. Between 2017 and 2018 the exports of Iron Radiators grew by 5.73%, from  $3.38B to $3.58B. Trade in Iron Radiators represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Iron Radiators  were Turkey ($466M), Mexico ($366M), United States ($353M), Germany ($299M), and Poland ($263M).

Imports: In 2018 the top importers of Iron Radiators were United States ($607M), Germany ($394M), Canada ($348M), United Kingdom ($303M), and France ($191M).

Tariffs: In 2018 the average tariff for Iron Radiators was 10.7%, been the 388 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Radiators are Bahamas (40.2%), Zimbabwe (36.5%), Iran (32.5%), Sri Lanka (30%), and Syria (29.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Iron Radiators ranks 276th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Turkey, $466M

Top Destination (2018): United States, $607M

Iron Radiators are the world's 588th most traded product.

In 2018, the top exporters of Iron Radiators were Turkey ($466M), Mexico ($366M), United States ($353M), Germany ($299M), and Poland ($263M).

In 2018, the top importers of Iron Radiators were United States ($607M), Germany ($394M), Canada ($348M), United Kingdom ($303M), and France ($191M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $68.3M

Top Destination Growth (2017 - 2018): Germany, $38.2M

Between 2017 and 2018, the exports of Iron Radiators grew the fastest in Netherlands ($68.3M), United States ($43.6M), Mexico ($39.6M), Canada ($29.1M), and Finland ($26.6M).

Between 2017 and 2018, the fastest growing importers of Iron Radiators were Germany ($38.2M), United States ($37M), Canada ($18M), Indonesia ($17.6M), and Sweden ($13.6M).

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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 Radiators.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Iron Radiators are explained by 19 countries.

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TOP NET EXPORTER (2018): Turkey, $455M

TOP NET IMPORTER (2018): United States, $254M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Radiators were Turkey ($455M), Mexico ($322M), China ($178M), Italy ($175M), and Poland ($147M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Radiators were United States ($254M), Canada ($224M), United Kingdom ($222M), France ($157M), and Russia ($125M).

Trade Forecasts

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This section shows forecasts for total trade for Iron Radiators. 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 Radiators was 10.7%.  The countries with the highest tariffs for importing Iron Radiators were Bahamas (40.2%), Zimbabwe (36.5%), Iran (32.5%), Sri Lanka (30%), and Syria (29.9%).

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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.