HS Icon Other Cast Iron Products

7325 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.15B, Rnk 417 / 1225

Top Exporter (2018): $1.01B, China

Top Importer (2018): $1.08B, Germany

Product Complexity (2018): 0.39, Rnk 417 / 1018

Export Growth (CAGR)(2017 - 2018): 29.7%, Rnk 176 / 1225

Mean Tariff (2018): 7.58%, Rnk 575 / 1259

Share of World Trade (2018): 0.039%, Rnk 417 / 1225

Overview: In 2018, Other Cast Iron Products were the world's 417th most traded product, with a total trade of $7.15B. Between 2017 and 2018 the exports of Other Cast Iron Products grew by 29.7%, from  $5.52B to $7.15B. Trade in Other Cast Iron Products represent 0.039% of total world trade.

Exports: In 2018 the top exporters of Other Cast Iron Products  were China ($1.01B), India ($804M), Germany ($757M), Czechia ($438M), and Spain ($383M).

Imports: In 2018 the top importers of Other Cast Iron Products were Germany ($1.08B), Italy ($485M), United States ($474M), France ($318M), and United Kingdom ($271M).

Tariffs: In 2018 the average tariff for Other Cast Iron Products was 7.58%, been the 575 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Cast Iron Products are Bahamas (40.8%), Zimbabwe (31.9%), Algeria (28.4%), Bermuda (25%), and Ecuador (22.1%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Other Cast Iron Products ranks 417th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.01B

Top Destination (2018): Germany, $1.08B

Other Cast Iron Products are the world's 417th most traded product.

In 2018, the top exporters of Other Cast Iron Products were China ($1.01B), India ($804M), Germany ($757M), Czechia ($438M), and Spain ($383M).

In 2018, the top importers of Other Cast Iron Products were Germany ($1.08B), Italy ($485M), United States ($474M), France ($318M), and United Kingdom ($271M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): India, $230M

Top Destination Growth (2017 - 2018): Germany, $324M

Between 2017 and 2018, the exports of Other Cast Iron Products grew the fastest in India ($230M), Germany ($187M), Czechia ($153M), Spain ($142M), and Poland ($120M).

Between 2017 and 2018, the fastest growing importers of Other Cast Iron Products were Germany ($324M), United States ($103M), Japan ($73.9M), Italy ($73M), and Denmark ($70.5M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Cast Iron Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Other Cast Iron Products are explained by 24 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $904M

TOP NET IMPORTER (2018): Germany, $328M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Cast Iron Products were China ($904M), India ($733M), Czechia ($234M), Spain ($210M), and Turkey ($195M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Cast Iron Products were Germany ($328M), Japan ($201M), United States ($170M), Italy ($156M), and Sweden ($135M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Other Cast Iron Products. 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 Other Cast Iron Products was 7.58%.  The countries with the highest tariffs for importing Other Cast Iron Products were Bahamas (40.8%), Zimbabwe (31.9%), Algeria (28.4%), Bermuda (25%), and Ecuador (22.1%).

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.