HS Icon Aluminium alloy rectangular plate/sheet/strip,t >0.2m

760612 (Harmonized System 1992 for 6-digit)

World Trade (2018): $29B, Rnk 87 / 4726

Top Exporter (2018): $5.42B, Germany

Top Importer (2018): $3.68B, United States

Product Complexity (2018): 0.45, Rnk 1794 / 4873

Export Growth (CAGR)(2017 - 2018): 21.8%, Rnk 1248 / 4726

Mean Tariff (2018): 7.22%, Rnk 3114 / 6538

Share of World Trade (2018): 0.16%, Rnk 87 / 4726

Overview: In 2018, Aluminium alloy rectangular plate/sheet/strip,t >0.2m were the world's 87th most traded product, with a total trade of $29B. Between 2017 and 2018 the exports of Aluminium alloy rectangular plate/sheet/strip,t >0.2m grew by 21.8%, from  $23.8B to $29B. Trade in Aluminium alloy rectangular plate/sheet/strip,t >0.2m represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Aluminium alloy rectangular plate/sheet/strip,t >0.2m  were Germany ($5.42B), China ($4.71B), United States ($3.25B), France ($1.74B), and South Korea ($1.49B).

Imports: In 2018 the top importers of Aluminium alloy rectangular plate/sheet/strip,t >0.2m were United States ($3.68B), Germany ($3B), United Kingdom ($1.9B), Mexico ($1.86B), and Canada ($1.67B).

Tariffs: In 2018 the average tariff for Aluminium alloy rectangular plate/sheet/strip,t >0.2m was 7.22%, been the 3114 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aluminium alloy rectangular plate/sheet/strip,t >0.2m are Malaysia (30%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Sri Lanka (0%), and Maldives (0%).

Ranking: Aluminium alloy rectangular plate/sheet/strip,t >0.2m ranks 1794th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $5.42B

Top Destination (2018): United States, $3.68B

Aluminium alloy rectangular plate/sheet/strip,t >0.2m are the world's 87th most traded product.

In 2018, the top exporters of Aluminium alloy rectangular plate/sheet/strip,t >0.2m were Germany ($5.42B), China ($4.71B), United States ($3.25B), France ($1.74B), and South Korea ($1.49B).

In 2018, the top importers of Aluminium alloy rectangular plate/sheet/strip,t >0.2m were United States ($3.68B), Germany ($3B), United Kingdom ($1.9B), Mexico ($1.86B), and Canada ($1.67B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1B

Top Destination Growth (2017 - 2018): United States, $550M

Between 2017 and 2018, the exports of Aluminium alloy rectangular plate/sheet/strip,t >0.2m grew the fastest in Germany ($1B), China ($943M), France ($381M), Belgium-Luxembourg ($317M), and South Korea ($261M).

Between 2017 and 2018, the fastest growing importers of Aluminium alloy rectangular plate/sheet/strip,t >0.2m were United States ($550M), Mexico ($415M), France ($338M), Spain ($337M), and Poland ($268M).

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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 alloy rectangular plate/sheet/strip,t >0.2m.

In 2018,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Aluminium alloy rectangular plate/sheet/strip,t >0.2m are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $3.75B

TOP NET IMPORTER (2018): Mexico, $1.83B

This map shows which countries export or import more of Aluminium alloy rectangular plate/sheet/strip,t >0.2m. Each country is colored based on the difference in exports and imports of Aluminium alloy rectangular plate/sheet/strip,t >0.2m during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium alloy rectangular plate/sheet/strip,t >0.2m were China ($3.75B), Germany ($2.42B), South Korea ($689M), Greece ($559M), and Switzerland ($496M).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium alloy rectangular plate/sheet/strip,t >0.2m were Mexico ($1.83B), United Kingdom ($1.61B), Canada ($1.13B), Poland ($821M), and Vietnam ($676M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium alloy rectangular plate/sheet/strip,t >0.2m. 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 alloy rectangular plate/sheet/strip,t >0.2m was 7.22%.  The countries with the highest tariffs for importing Aluminium alloy rectangular plate/sheet/strip,t >0.2m were Malaysia (30%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bermuda (25%).

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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.