HS Icon Raw Aluminium

7601 (Harmonized System 1992 for 4-digit)

World Trade (2018): $61.1B, Rnk 47 / 1225

Top Exporter (2018): $6.52B, Canada

Top Importer (2018): $9.7B, United States

Product Complexity (2018): -1.31, Rnk 904 / 1018

Export Growth (CAGR)(2017 - 2018): 13.3%, Rnk 598 / 1225

Mean Tariff (2018): 3.36%, Rnk 1099 / 1259

Share of World Trade (2018): 0.33%, Rnk 47 / 1225

Overview: In 2018, Raw Aluminium were the world's 47th most traded product, with a total trade of $61.1B. Between 2017 and 2018 the exports of Raw Aluminium grew by 13.3%, from  $53.9B to $61.1B. Trade in Raw Aluminium represent 0.33% of total world trade.

Exports: In 2018 the top exporters of Raw Aluminium  were Canada ($6.52B), United Arab Emirates ($6.18B), Russia ($5.84B), India ($4.37B), and Norway ($3.29B).

Imports: In 2018 the top importers of Raw Aluminium were United States ($9.7B), Japan ($5.62B), Germany ($5.15B), Netherlands ($4.3B), and Italy ($3.11B).

Tariffs: In 2018 the average tariff for Raw Aluminium was 3.36%, been the 1099 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Aluminium are Bahamas (40.2%), Bermuda (25%), Tajikistan (13.1%), Romania (12.9%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Raw Aluminium ranks 904th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $6.52B

Top Destination (2018): United States, $9.7B

Raw Aluminium are the world's 47th most traded product.

In 2018, the top exporters of Raw Aluminium were Canada ($6.52B), United Arab Emirates ($6.18B), Russia ($5.84B), India ($4.37B), and Norway ($3.29B).

In 2018, the top importers of Raw Aluminium were United States ($9.7B), Japan ($5.62B), Germany ($5.15B), Netherlands ($4.3B), and Italy ($3.11B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $1.43B

Top Destination Growth (2017 - 2018): Netherlands, $1.93B

Between 2017 and 2018, the exports of Raw Aluminium grew the fastest in India ($1.43B), United Arab Emirates ($1.39B), United States ($567M), Saudi Arabia ($485M), and Bahrain ($481M).

Between 2017 and 2018, the fastest growing importers of Raw Aluminium were Netherlands ($1.93B), Switzerland ($1.05B), Chinese Taipei ($955M), Thailand ($762M), and Mexico ($580M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Raw Aluminium.

In 2018,  market concentration measured using Shannon Entropy, was 4.9. This means that most of the exports of Raw Aluminium are explained by 29 countries.

TOP NET EXPORTER (2018): United Arab Emirates, $6.11B

TOP NET IMPORTER (2018): United States, $8.36B

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

In 2018, the countries that had a largest trade value in exports than imports of Raw Aluminium were United Arab Emirates ($6.11B), Canada ($5.94B), Russia ($5.74B), India ($3.65B), and Australia ($3.1B).

In 2018, the countries that had a largest trade value in imports than exports of Raw Aluminium were United States ($8.36B), Japan ($5.54B), Germany ($3.97B), South Korea ($2.31B), and Turkey ($2.27B).

Trade Forecasts

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This section shows forecasts for total trade for Raw Aluminium. 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 Raw Aluminium was 3.36%.  The countries with the highest tariffs for importing Raw Aluminium were Bahamas (40.2%), Bermuda (25%), Tajikistan (13.1%), Romania (12.9%), and Aruba (12%).

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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.