HS Icon Aluminium unwrought, not alloyed

760110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $28.8B, Rnk 90 / 4726

Top Exporter (2018): $3.84B, Russia

Top Importer (2018): $4.27B, United States

Product Complexity (2018): -1.16, Rnk 4169 / 4873

Export Growth (CAGR)(2017 - 2018): 8.03%, Rnk 2954 / 4726

Mean Tariff (2018): 3.27%, Rnk 5547 / 6538

Share of World Trade (2018): 0.16%, Rnk 90 / 4726

Overview:  This page contains the latest trade data of Aluminium unwrought, not alloyed. In 2018, Aluminium unwrought, not alloyed were the world's 90th most traded product, with a total trade of $28.8B. Between 2017 and 2018 the exports of Aluminium unwrought, not alloyed grew by 8.03%, from  $26.6B to $28.8B. Trade in Aluminium unwrought, not alloyed represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Aluminium unwrought, not alloyed  were Russia ($3.84B), India ($3.51B), Canada ($3.36B), Australia ($2.65B), and Netherlands ($1.82B).

Imports: In 2018 the top importers of Aluminium unwrought, not alloyed were United States ($4.27B), Japan ($3.14B), Netherlands ($2.49B), South Korea ($1.93B), and Turkey ($1.59B).

Tariffs: In 2018 the average tariff for Aluminium unwrought, not alloyed was 3.27%, been the 5547 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aluminium unwrought, not alloyed 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: Aluminium unwrought, not alloyed ranks 4169th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Russia, $3.84B

Top Destination (2018): United States, $4.27B

Aluminium unwrought, not alloyed are the world's 90th most traded product.

In 2018, the top exporters of Aluminium unwrought, not alloyed were Russia ($3.84B), India ($3.51B), Canada ($3.36B), Australia ($2.65B), and Netherlands ($1.82B).

In 2018, the top importers of Aluminium unwrought, not alloyed were United States ($4.27B), Japan ($3.14B), Netherlands ($2.49B), South Korea ($1.93B), and Turkey ($1.59B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): India, $980M

Top Destination Growth (2017 - 2018): Netherlands, $1.15B

Between 2017 and 2018, the exports of Aluminium unwrought, not alloyed grew the fastest in India ($980M), Netherlands ($422M), Saudi Arabia ($418M), Australia ($357M), and South Africa ($256M).

Between 2017 and 2018, the fastest growing importers of Aluminium unwrought, not alloyed were Netherlands ($1.15B), Switzerland ($827M), Malaysia ($530M), Chinese Taipei ($479M), and Thailand ($259M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Aluminium unwrought, not alloyed.

In 2018,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Aluminium unwrought, not alloyed are explained by 19 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Russia, $3.74B

TOP NET IMPORTER (2018): United States, $4.1B

This map shows which countries export or import more of Aluminium unwrought, not alloyed. Each country is colored based on the difference in exports and imports of Aluminium unwrought, not alloyed during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium unwrought, not alloyed were Russia ($3.74B), India ($3.38B), Canada ($3.27B), Australia ($2.63B), and Iceland ($1.62B).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium unwrought, not alloyed were United States ($4.1B), Japan ($3.12B), South Korea ($1.92B), Turkey ($1.59B), and Germany ($1.27B).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Aluminium unwrought, not alloyed. 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 Aluminium unwrought, not alloyed was 3.27%.  The countries with the highest tariffs for importing Aluminium unwrought, not alloyed were Bahamas (40.2%), Bermuda (25%), Tajikistan (13.1%), Romania (12.9%), and Aruba (12%).

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.