HS Icon Non-electric heaters (with fan), parts, of iron/steel

732290 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.57B, Rnk 1551 / 4726

Top Exporter (2018): $365M, Mexico

Top Importer (2018): $584M, United States

Product Complexity (2018): 0.59, Rnk 1505 / 4873

Export Growth (CAGR)(2017 - 2018): 5.67%, Rnk 3259 / 4726

Mean Tariff (2018): 9.42%, Rnk 2421 / 6538

Share of World Trade (2018): 0.0086%, Rnk 1551 / 4726

Overview:  This page contains the latest trade data of Non-electric heaters (with fan), parts, of iron/steel. In 2018, Non-electric heaters (with fan), parts, of iron/steel were the world's 1551st most traded product, with a total trade of $1.57B. Between 2017 and 2018 the exports of Non-electric heaters (with fan), parts, of iron/steel grew by 5.67%, from  $1.49B to $1.57B. Trade in Non-electric heaters (with fan), parts, of iron/steel represent 0.0086% of total world trade.

Exports: In 2018 the top exporters of Non-electric heaters (with fan), parts, of iron/steel  were Mexico ($365M), United States ($343M), China ($129M), Canada ($120M), and Italy ($119M).

Imports: In 2018 the top importers of Non-electric heaters (with fan), parts, of iron/steel were United States ($584M), Canada ($338M), Germany ($85.8M), France ($46.1M), and Mexico ($41.7M).

Tariffs: In 2018 the average tariff for Non-electric heaters (with fan), parts, of iron/steel was 9.42%, been the 2421 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Non-electric heaters (with fan), parts, of iron/steel are Bahamas (40.2%), Zimbabwe (36.5%), Sri Lanka (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Non-electric heaters (with fan), parts, of iron/steel ranks 1505th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $365M

Top Destination (2018): United States, $584M

Non-electric heaters (with fan), parts, of iron/steel are the world's 1551st most traded product.

In 2018, the top exporters of Non-electric heaters (with fan), parts, of iron/steel were Mexico ($365M), United States ($343M), China ($129M), Canada ($120M), and Italy ($119M).

In 2018, the top importers of Non-electric heaters (with fan), parts, of iron/steel were United States ($584M), Canada ($338M), Germany ($85.8M), France ($46.1M), and Mexico ($41.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $48.3M

Top Destination Growth (2017 - 2018): United States, $33.9M

Between 2017 and 2018, the exports of Non-electric heaters (with fan), parts, of iron/steel grew the fastest in Netherlands ($48.3M), United States ($42.5M), Mexico ($39.4M), Canada ($29.7M), and Italy ($17.8M).

Between 2017 and 2018, the fastest growing importers of Non-electric heaters (with fan), parts, of iron/steel were United States ($33.9M), Canada ($20M), Germany ($15.3M), Mexico ($9.13M), and Egypt ($8.53M).

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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 Non-electric heaters (with fan), parts, of iron/steel.

In 2018,  market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Non-electric heaters (with fan), parts, of iron/steel are explained by 13 countries.

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TOP NET EXPORTER (2018): Mexico, $323M

TOP NET IMPORTER (2018): United States, $241M

This map shows which countries export or import more of Non-electric heaters (with fan), parts, of iron/steel. Each country is colored based on the difference in exports and imports of Non-electric heaters (with fan), parts, of iron/steel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Non-electric heaters (with fan), parts, of iron/steel were Mexico ($323M), China ($119M), Italy ($108M), Netherlands ($81.5M), and Poland ($29.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-electric heaters (with fan), parts, of iron/steel were United States ($241M), Canada ($217M), France ($37.6M), Germany ($28.1M), and Russia ($26.3M).

Trade Forecasts

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This section shows forecasts for total trade for Non-electric heaters (with fan), parts, of iron/steel. 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 Non-electric heaters (with fan), parts, of iron/steel was 9.42%.  The countries with the highest tariffs for importing Non-electric heaters (with fan), parts, of iron/steel were Bahamas (40.2%), Zimbabwe (36.5%), Sri Lanka (30%), Cameroon (29.4%), and Gabon (29.4%).

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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.