HS Icon Aluminium Bars

7604 (Harmonized System 1992 for 4-digit)

World Trade (2018): $18.8B, Rnk 194 / 1225

Top Exporter (2018): $2.79B, China

Top Importer (2018): $2.65B, Germany

Product Complexity (2018): -0.018, Rnk 555 / 1018

Export Growth (CAGR)(2017 - 2018): 32.7%, Rnk 148 / 1225

Mean Tariff (2018): 6.87%, Rnk 623 / 1259

Share of World Trade (2018): 0.1%, Rnk 194 / 1225

Overview:  This page contains the latest trade data of Aluminium Bars. In 2018, Aluminium Bars were the world's 194th most traded product, with a total trade of $18.8B. Between 2017 and 2018 the exports of Aluminium Bars grew by 32.7%, from  $14.2B to $18.8B. Trade in Aluminium Bars represent 0.1% of total world trade.

Exports: In 2018 the top exporters of Aluminium Bars  were China ($2.79B), Germany ($1.95B), Spain ($1.15B), Mozambique ($1.05B), and Italy ($1.04B).

Imports: In 2018 the top importers of Aluminium Bars were Germany ($2.65B), Netherlands ($1.84B), United States ($1.27B), France ($1.27B), and United Kingdom ($759M).

Tariffs: In 2018 the average tariff for Aluminium Bars was 6.87%, been the 623 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Aluminium Bars are Bahamas (41.2%), Malaysia (25%), Bermuda (25%), Sri Lanka (24.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Aluminium Bars ranks 555th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.79B

Top Destination (2018): Germany, $2.65B

Aluminium Bars are the world's 194th most traded product.

In 2018, the top exporters of Aluminium Bars were China ($2.79B), Germany ($1.95B), Spain ($1.15B), Mozambique ($1.05B), and Italy ($1.04B).

In 2018, the top importers of Aluminium Bars were Germany ($2.65B), Netherlands ($1.84B), United States ($1.27B), France ($1.27B), and United Kingdom ($759M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mozambique, $1.05B

Top Destination Growth (2017 - 2018): Netherlands, $1.3B

Between 2017 and 2018, the exports of Aluminium Bars grew the fastest in Mozambique ($1.05B), China ($547M), Germany ($386M), Spain ($270M), and Italy ($193M).

Between 2017 and 2018, the fastest growing importers of Aluminium Bars were Netherlands ($1.3B), Germany ($556M), France ($227M), United States ($209M), and Vietnam ($194M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Aluminium Bars are explained by 30 countries.

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TOP NET EXPORTER (2018): China, $2.56B

TOP NET IMPORTER (2018): Netherlands, $1.35B

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

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium Bars were China ($2.56B), Mozambique ($1.04B), Turkey ($744M), Spain ($733M), and Italy ($669M).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium Bars were Netherlands ($1.35B), France ($915M), Germany ($698M), United Kingdom ($597M), and Mexico ($355M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium Bars. 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 Bars was 6.87%.  The countries with the highest tariffs for importing Aluminium Bars were Bahamas (41.2%), Malaysia (25%), Bermuda (25%), Sri Lanka (24.6%), and Tanzania (23.6%).

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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.