HS Icon Aluminium Wire

7605 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.46B, Rnk 538 / 1225

Top Exporter (2018): $743M, Bahrain

Top Importer (2018): $780M, United States

Product Complexity (2018): -0.55, Rnk 710 / 1018

Export Growth (CAGR)(2017 - 2018): 26.6%, Rnk 210 / 1225

Mean Tariff (2018): 5.58%, Rnk 739 / 1259

Share of World Trade (2018): 0.024%, Rnk 538 / 1225

Overview:  This page contains the latest trade data of Aluminium Wire. In 2018, Aluminium Wire were the world's 538th most traded product, with a total trade of $4.46B. Between 2017 and 2018 the exports of Aluminium Wire grew by 26.6%, from  $3.53B to $4.46B. Trade in Aluminium Wire represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Aluminium Wire  were Bahrain ($743M), Canada ($533M), Russia ($271M), Iceland ($218M), and Norway ($186M).

Imports: In 2018 the top importers of Aluminium Wire were United States ($780M), Germany ($281M), Egypt ($266M), India ($207M), and Spain ($196M).

Tariffs: In 2018 the average tariff for Aluminium Wire was 5.58%, been the 739 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Aluminium Wire are Bahamas (40.2%), Malaysia (25%), Bermuda (25%), Ethiopia (19.8%), and Bangladesh (17.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Singapore (0%).

Ranking: Aluminium Wire ranks 710th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Bahrain, $743M

Top Destination (2018): United States, $780M

Aluminium Wire are the world's 538th most traded product.

In 2018, the top exporters of Aluminium Wire were Bahrain ($743M), Canada ($533M), Russia ($271M), Iceland ($218M), and Norway ($186M).

In 2018, the top importers of Aluminium Wire were United States ($780M), Germany ($281M), Egypt ($266M), India ($207M), and Spain ($196M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Bahrain, $456M

Top Destination Growth (2017 - 2018): Egypt, $250M

Between 2017 and 2018, the exports of Aluminium Wire grew the fastest in Bahrain ($456M), United Arab Emirates ($99.9M), Iceland ($91.3M), Malaysia ($88.2M), and Netherlands ($43.2M).

Between 2017 and 2018, the fastest growing importers of Aluminium Wire were Egypt ($250M), Netherlands ($125M), India ($105M), Saudi Arabia ($102M), and Morocco ($78.1M).

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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 Wire.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Aluminium Wire are explained by 24 countries.

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TOP NET EXPORTER (2018): Bahrain, $734M

TOP NET IMPORTER (2018): United States, $642M

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

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium Wire were Bahrain ($734M), Canada ($503M), Russia ($254M), Iceland ($216M), and Norway ($161M).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium Wire were United States ($642M), Germany ($199M), Egypt ($181M), India ($127M), and Sweden ($105M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium Wire. 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 Wire was 5.58%.  The countries with the highest tariffs for importing Aluminium Wire were Bahamas (40.2%), Malaysia (25%), Bermuda (25%), Ethiopia (19.8%), and Bangladesh (17.2%).

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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.