HS Icon Iron Toiletry

7324 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.32B, Rnk 600 / 1225

Top Exporter (2018): $1.55B, China

Top Importer (2018): $667M, United States

Product Complexity (2018): 0.52, Rnk 365 / 1018

Export Growth (CAGR)(2017 - 2018): 16%, Rnk 473 / 1225

Mean Tariff (2018): 11.5%, Rnk 341 / 1259

Share of World Trade (2018): 0.018%, Rnk 600 / 1225

Overview:  This page contains the latest trade data of Iron Toiletry. In 2018, Iron Toiletry were the world's 600th most traded product, with a total trade of $3.32B. Between 2017 and 2018 the exports of Iron Toiletry grew by 16%, from  $2.86B to $3.32B. Trade in Iron Toiletry represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Iron Toiletry  were China ($1.55B), Germany ($402M), Italy ($135M), Chinese Taipei ($92.7M), and Spain ($84.5M).

Imports: In 2018 the top importers of Iron Toiletry were United States ($667M), Germany ($217M), United Kingdom ($172M), France ($118M), and Netherlands ($110M).

Tariffs: In 2018 the average tariff for Iron Toiletry was 11.5%, been the 341 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Toiletry are Iran (40%), Zimbabwe (39.9%), Syria (39.5%), Sudan (35%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Iron Toiletry ranks 365th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.55B

Top Destination (2018): United States, $667M

Iron Toiletry are the world's 600th most traded product.

In 2018, the top exporters of Iron Toiletry were China ($1.55B), Germany ($402M), Italy ($135M), Chinese Taipei ($92.7M), and Spain ($84.5M).

In 2018, the top importers of Iron Toiletry were United States ($667M), Germany ($217M), United Kingdom ($172M), France ($118M), and Netherlands ($110M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $277M

Top Destination Growth (2017 - 2018): United States, $107M

Between 2017 and 2018, the exports of Iron Toiletry grew the fastest in China ($277M), Germany ($52.3M), Chinese Taipei ($22.2M), United States ($21.1M), and Vietnam ($17.4M).

Between 2017 and 2018, the fastest growing importers of Iron Toiletry were United States ($107M), Germany ($36M), Vietnam ($29.5M), India ($25.1M), and Netherlands ($24.2M).

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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 Toiletry.

In 2018,  market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Iron Toiletry are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $1.52B

TOP NET IMPORTER (2018): United States, $584M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Toiletry were China ($1.52B), Germany ($185M), Chinese Taipei ($80.5M), Italy ($79M), and Turkey ($51.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Toiletry were United States ($584M), United Kingdom ($128M), France ($94.1M), Australia ($87.8M), and Russia ($68M).

Trade Forecasts

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This section shows forecasts for total trade for Iron Toiletry. 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 Toiletry was 11.5%.  The countries with the highest tariffs for importing Iron Toiletry were Iran (40%), Zimbabwe (39.9%), Syria (39.5%), Sudan (35%), and Cameroon (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.