HS Icon Iron Housewares

7323 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12.3B, Rnk 283 / 1225

Top Exporter (2018): $7.47B, China

Top Importer (2018): $2.63B, United States

Product Complexity (2018): -0.64, Rnk 735 / 1018

Export Growth (CAGR)(2017 - 2018): 6.36%, Rnk 921 / 1225

Mean Tariff (2018): 12.4%, Rnk 298 / 1259

Share of World Trade (2018): 0.067%, Rnk 283 / 1225

Overview:  This page contains the latest trade data of Iron Housewares. In 2018, Iron Housewares were the world's 283rd most traded product, with a total trade of $12.3B. Between 2017 and 2018 the exports of Iron Housewares grew by 6.36%, from  $11.5B to $12.3B. Trade in Iron Housewares represent 0.067% of total world trade.

Exports: In 2018 the top exporters of Iron Housewares  were China ($7.47B), Germany ($648M), India ($571M), Italy ($340M), and France ($293M).

Imports: In 2018 the top importers of Iron Housewares were United States ($2.63B), Germany ($855M), United Kingdom ($453M), France ($443M), and Netherlands ($382M).

Tariffs: In 2018 the average tariff for Iron Housewares was 12.4%, been the 298 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Housewares are Egypt (42.9%), Bahamas (41.3%), Zimbabwe (41.1%), Syria (40.7%), and Cambodia (35%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Iron Housewares ranks 735th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $7.47B

Top Destination (2018): United States, $2.63B

Iron Housewares are the world's 283rd most traded product.

In 2018, the top exporters of Iron Housewares were China ($7.47B), Germany ($648M), India ($571M), Italy ($340M), and France ($293M).

In 2018, the top importers of Iron Housewares were United States ($2.63B), Germany ($855M), United Kingdom ($453M), France ($443M), and Netherlands ($382M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

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

Top Destination Growth (2017 - 2018): Singapore, $100M

Between 2017 and 2018, the exports of Iron Housewares grew the fastest in China ($218M), United Arab Emirates ($97.9M), Chinese Taipei ($79.8M), Belgium-Luxembourg ($66.8M), and Netherlands ($55M).

Between 2017 and 2018, the fastest growing importers of Iron Housewares were Singapore ($100M), Netherlands ($78.8M), Germany ($77.1M), India ($73.2M), and Indonesia ($55.5M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Iron Housewares.

In 2018,  market concentration measured using Shannon Entropy, was 2.85. This means that most of the exports of Iron Housewares are explained by 7 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $7.36B

TOP NET IMPORTER (2018): United States, $2.45B

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Housewares were China ($7.36B), India ($432M), Turkey ($202M), Italy ($120M), and Chinese Taipei ($118M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Housewares were United States ($2.45B), United Kingdom ($364M), Japan ($313M), Canada ($275M), and South Korea ($269M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Iron Housewares. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Housewares was 12.4%.  The countries with the highest tariffs for importing Iron Housewares were Egypt (42.9%), Bahamas (41.3%), Zimbabwe (41.1%), Syria (40.7%), and Cambodia (35%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.