HS Icon Bars, rods and profiles, aluminium, not alloyed

760410 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.43B, Rnk 1170 / 4726

Top Exporter (2018): $1.05B, Mozambique

Top Importer (2018): $1.08B, Netherlands

Product Complexity (2018): -0.62, Rnk 3527 / 4873

Export Growth (CAGR)(2017 - 2018): 87.4%, Rnk 111 / 4726

Mean Tariff (2018): 6.89%, Rnk 3239 / 6538

Share of World Trade (2018): 0.013%, Rnk 1170 / 4726

Overview:  This page contains the latest trade data of Bars, rods and profiles, aluminium, not alloyed. In 2018, Bars, rods and profiles, aluminium, not alloyed were the world's 1170th most traded product, with a total trade of $2.43B. Between 2017 and 2018 the exports of Bars, rods and profiles, aluminium, not alloyed grew by 87.4%, from  $1.3B to $2.43B. Trade in Bars, rods and profiles, aluminium, not alloyed represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Bars, rods and profiles, aluminium, not alloyed  were Mozambique ($1.05B), United Arab Emirates ($149M), Spain ($144M), China ($95.2M), and Italy ($91.6M).

Imports: In 2018 the top importers of Bars, rods and profiles, aluminium, not alloyed were Netherlands ($1.08B), France ($102M), Germany ($97.8M), United Arab Emirates ($75M), and United States ($51.1M).

Tariffs: In 2018 the average tariff for Bars, rods and profiles, aluminium, not alloyed was 6.89%, been the 3239 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bars, rods and profiles, aluminium, not alloyed are Bahamas (40.2%), Sri Lanka (29.5%), Malaysia (25%), Bermuda (25%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Bars, rods and profiles, aluminium, not alloyed ranks 3527th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mozambique, $1.05B

Top Destination (2018): Netherlands, $1.08B

Bars, rods and profiles, aluminium, not alloyed are the world's 1170th most traded product.

In 2018, the top exporters of Bars, rods and profiles, aluminium, not alloyed were Mozambique ($1.05B), United Arab Emirates ($149M), Spain ($144M), China ($95.2M), and Italy ($91.6M).

In 2018, the top importers of Bars, rods and profiles, aluminium, not alloyed were Netherlands ($1.08B), France ($102M), Germany ($97.8M), United Arab Emirates ($75M), and United States ($51.1M).

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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, $1.03B

Between 2017 and 2018, the exports of Bars, rods and profiles, aluminium, not alloyed grew the fastest in Mozambique ($1.05B), United Arab Emirates ($84.2M), United Kingdom ($43.8M), Spain ($36.7M), and Saudi Arabia ($32.1M).

Between 2017 and 2018, the fastest growing importers of Bars, rods and profiles, aluminium, not alloyed were Netherlands ($1.03B), Saudi Arabia ($45.8M), Germany ($27.3M), Yemen ($23.6M), and Egypt ($23.3M).

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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 Bars, rods and profiles, aluminium, not alloyed.

In 2018,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Bars, rods and profiles, aluminium, not alloyed are explained by 13 countries.

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TOP NET EXPORTER (2018): Mozambique, $1.04B

TOP NET IMPORTER (2018): Netherlands, $1.06B

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

In 2018, the countries that had a largest trade value in exports than in imports of Bars, rods and profiles, aluminium, not alloyed were Mozambique ($1.04B), Spain ($112M), China ($82.4M), United Arab Emirates ($73.7M), and Greece ($64.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Bars, rods and profiles, aluminium, not alloyed were Netherlands ($1.06B), France ($76.1M), Germany ($70.3M), Mexico ($27.8M), and Morocco ($24.4M).

Trade Forecasts

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This section shows forecasts for total trade for Bars, rods and profiles, aluminium, not 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 Bars, rods and profiles, aluminium, not alloyed was 6.89%.  The countries with the highest tariffs for importing Bars, rods and profiles, aluminium, not alloyed were Bahamas (40.2%), Sri Lanka (29.5%), Malaysia (25%), Bermuda (25%), 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.