HS Icon Aluminium unwrought, alloyed

760120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $32.3B, Rnk 74 / 4726

Top Exporter (2018): $4.81B, United Arab Emirates

Top Importer (2018): $5.44B, United States

Product Complexity (2018): -0.67, Rnk 3593 / 4873

Export Growth (CAGR)(2017 - 2018): 18.5%, Rnk 1511 / 4726

Mean Tariff (2018): 3.44%, Rnk 5438 / 6538

Share of World Trade (2018): 0.18%, Rnk 74 / 4726

Overview: In 2018, Aluminium unwrought, alloyed were the world's 74th most traded product, with a total trade of $32.3B. Between 2017 and 2018 the exports of Aluminium unwrought, alloyed grew by 18.5%, from  $27.3B to $32.3B. Trade in Aluminium unwrought, alloyed represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Aluminium unwrought, alloyed  were United Arab Emirates ($4.81B), Canada ($3.16B), Norway ($3.16B), Russia ($2B), and Qatar ($1.24B).

Imports: In 2018 the top importers of Aluminium unwrought, alloyed were United States ($5.44B), Germany ($3.79B), Japan ($2.48B), Netherlands ($1.81B), and Mexico ($1.7B).

Tariffs: In 2018 the average tariff for Aluminium unwrought, alloyed was 3.44%, been the 5438 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aluminium unwrought, 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%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Aluminium unwrought, alloyed ranks 3593rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Arab Emirates, $4.81B

Top Destination (2018): United States, $5.44B

Aluminium unwrought, alloyed are the world's 74th most traded product.

In 2018, the top exporters of Aluminium unwrought, alloyed were United Arab Emirates ($4.81B), Canada ($3.16B), Norway ($3.16B), Russia ($2B), and Qatar ($1.24B).

In 2018, the top importers of Aluminium unwrought, alloyed were United States ($5.44B), Germany ($3.79B), Japan ($2.48B), Netherlands ($1.81B), and Mexico ($1.7B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $1.4B

Top Destination Growth (2017 - 2018): Netherlands, $779M

Between 2017 and 2018, the exports of Aluminium unwrought, alloyed grew the fastest in United Arab Emirates ($1.4B), United States ($470M), India ($452M), Canada ($377M), and Bahrain ($311M).

Between 2017 and 2018, the fastest growing importers of Aluminium unwrought, alloyed were Netherlands ($779M), United States ($533M), Thailand ($504M), Chinese Taipei ($476M), and Mexico ($457M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Aluminium unwrought, alloyed.

In 2018,  market concentration measured using Shannon Entropy, was 4.81. This means that most of the exports of Aluminium unwrought, alloyed are explained by 28 countries.

TOP NET EXPORTER (2018): United Arab Emirates, $4.8B

TOP NET IMPORTER (2018): United States, $4.26B

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

In 2018, the countries that had a largest trade value in exports than imports of Aluminium unwrought, alloyed were United Arab Emirates ($4.8B), Norway ($3.13B), Canada ($2.67B), Russia ($1.99B), and Qatar ($1.23B).

In 2018, the countries that had a largest trade value in imports than exports of Aluminium unwrought, alloyed were United States ($4.26B), Germany ($2.71B), Japan ($2.42B), Mexico ($1.64B), and Italy ($1.01B).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium unwrought, alloyed. 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 Aluminium unwrought, alloyed was 3.44%.  The countries with the highest tariffs for importing Aluminium unwrought, alloyed 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.