HS Icon Copper Pipe Fittings

7412 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.99B, Rnk 500 / 1225

Top Exporter (2018): $1.25B, China

Top Importer (2018): $758M, United States

Product Complexity (2018): 1.09, Rnk 145 / 1018

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 601 / 1225

Mean Tariff (2018): 6.03%, Rnk 700 / 1259

Share of World Trade (2018): 0.027%, Rnk 500 / 1225

Overview:  This page contains the latest trade data of Copper Pipe Fittings. In 2018, Copper Pipe Fittings were the world's 500th most traded product, with a total trade of $4.99B. Between 2017 and 2018 the exports of Copper Pipe Fittings grew by 13.2%, from  $4.41B to $4.99B. Trade in Copper Pipe Fittings represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Copper Pipe Fittings  were China ($1.25B), Germany ($922M), Italy ($691M), United States ($281M), and Poland ($211M).

Imports: In 2018 the top importers of Copper Pipe Fittings were United States ($758M), Germany ($532M), France ($256M), United Kingdom ($228M), and Poland ($226M).

Tariffs: In 2018 the average tariff for Copper Pipe Fittings was 6.03%, been the 700 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Copper Pipe Fittings are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Cuba (24.2%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Copper Pipe Fittings ranks 145th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.25B

Top Destination (2018): United States, $758M

Copper Pipe Fittings are the world's 500th most traded product.

In 2018, the top exporters of Copper Pipe Fittings were China ($1.25B), Germany ($922M), Italy ($691M), United States ($281M), and Poland ($211M).

In 2018, the top importers of Copper Pipe Fittings were United States ($758M), Germany ($532M), France ($256M), United Kingdom ($228M), and Poland ($226M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $148M

Top Destination Growth (2017 - 2018): United States, $109M

Between 2017 and 2018, the exports of Copper Pipe Fittings grew the fastest in Germany ($148M), China ($141M), Poland ($77.8M), Turkey ($45.6M), and Italy ($39.9M).

Between 2017 and 2018, the fastest growing importers of Copper Pipe Fittings were United States ($109M), Germany ($74.8M), Canada ($74.5M), United Kingdom ($34.2M), and Poland ($27.1M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Copper Pipe Fittings.

In 2018,  market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Copper Pipe Fittings are explained by 14 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $1.15B

TOP NET IMPORTER (2018): United States, $477M

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

In 2018, the countries that had a largest trade value in exports than in imports of Copper Pipe Fittings were China ($1.15B), Italy ($582M), Germany ($390M), Turkey ($118M), and Chinese Taipei ($78.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Copper Pipe Fittings were United States ($477M), Russia ($152M), France ($126M), United Kingdom ($123M), and Canada ($119M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Copper Pipe Fittings. 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 Copper Pipe Fittings was 6.03%.  The countries with the highest tariffs for importing Copper Pipe Fittings were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Cuba (24.2%), and Tanzania (23.6%).

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.