HS Icon Radiators and parts thereof, iron or steel except cas

732219 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.91B, Rnk 1376 / 4726

Top Exporter (2018): $449M, Turkey

Top Importer (2018): $306M, Germany

Product Complexity (2018): 0.57, Rnk 1529 / 4873

Export Growth (CAGR)(2017 - 2018): 6.5%, Rnk 3149 / 4726

Mean Tariff (2018): 11.3%, Rnk 1919 / 6538

Share of World Trade (2018): 0.01%, Rnk 1376 / 4726

Overview:  This page contains the latest trade data of Radiators and parts thereof, iron or steel except cas. In 2018, Radiators and parts thereof, iron or steel except cas were the world's 1376th most traded product, with a total trade of $1.91B. Between 2017 and 2018 the exports of Radiators and parts thereof, iron or steel except cas grew by 6.5%, from  $1.79B to $1.91B. Trade in Radiators and parts thereof, iron or steel except cas represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Radiators and parts thereof, iron or steel except cas  were Turkey ($449M), Germany ($240M), Poland ($198M), Belgium-Luxembourg ($156M), and Czechia ($147M).

Imports: In 2018 the top importers of Radiators and parts thereof, iron or steel except cas were Germany ($306M), United Kingdom ($255M), France ($142M), Netherlands ($100M), and Russia ($97.3M).

Tariffs: In 2018 the average tariff for Radiators and parts thereof, iron or steel except cas was 11.3%, been the 1919 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Radiators and parts thereof, iron or steel except cas are Bahamas (40.2%), Iran (40%), Syria (36.8%), Zimbabwe (36.5%), and Sri Lanka (30%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Radiators and parts thereof, iron or steel except cas ranks 1529th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Turkey, $449M

Top Destination (2018): Germany, $306M

Radiators and parts thereof, iron or steel except cas are the world's 1376th most traded product.

In 2018, the top exporters of Radiators and parts thereof, iron or steel except cas were Turkey ($449M), Germany ($240M), Poland ($198M), Belgium-Luxembourg ($156M), and Czechia ($147M).

In 2018, the top importers of Radiators and parts thereof, iron or steel except cas were Germany ($306M), United Kingdom ($255M), France ($142M), Netherlands ($100M), and Russia ($97.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Czechia, $28.9M

Top Destination Growth (2017 - 2018): Germany, $22.9M

Between 2017 and 2018, the exports of Radiators and parts thereof, iron or steel except cas grew the fastest in Czechia ($28.9M), Turkey ($23.4M), Finland ($21.5M), Netherlands ($20.1M), and United Kingdom ($17.3M).

Between 2017 and 2018, the fastest growing importers of Radiators and parts thereof, iron or steel except cas were Germany ($22.9M), Sweden ($21.2M), Indonesia ($13.2M), Poland ($8.45M), and Hungary ($7.7M).

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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 Radiators and parts thereof, iron or steel except cas.

In 2018,  market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Radiators and parts thereof, iron or steel except cas are explained by 14 countries.

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TOP NET EXPORTER (2018): Turkey, $444M

TOP NET IMPORTER (2018): United Kingdom, $199M

This map shows which countries export or import more of Radiators and parts thereof, iron or steel except cas. Each country is colored based on the difference in exports and imports of Radiators and parts thereof, iron or steel except cas during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Radiators and parts thereof, iron or steel except cas were Turkey ($444M), Poland ($117M), Czechia ($102M), Italy ($65.6M), and Belgium-Luxembourg ($62.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Radiators and parts thereof, iron or steel except cas were United Kingdom ($199M), France ($117M), Russia ($87.7M), Germany ($65.6M), and Romania ($50.3M).

Trade Forecasts

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This section shows forecasts for total trade for Radiators and parts thereof, iron or steel except cas. 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 Radiators and parts thereof, iron or steel except cas was 11.3%.  The countries with the highest tariffs for importing Radiators and parts thereof, iron or steel except cas were Bahamas (40.2%), Iran (40%), Syria (36.8%), Zimbabwe (36.5%), and Sri Lanka (30%).

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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.