HS Icon Aluminium Foil

7607 (Harmonized System 1992 for 4-digit)

World Trade (2018): $13.4B, Rnk 269 / 1225

Top Exporter (2018): $4.12B, China

Top Importer (2018): $1.32B, United States

Product Complexity (2018): 0.58, Rnk 341 / 1018

Export Growth (CAGR)(2017 - 2018): 16.9%, Rnk 434 / 1225

Mean Tariff (2018): 6.75%, Rnk 633 / 1259

Share of World Trade (2018): 0.073%, Rnk 269 / 1225

Overview: In 2018, Aluminium Foil were the world's 269th most traded product, with a total trade of $13.4B. Between 2017 and 2018 the exports of Aluminium Foil grew by 16.9%, from  $11.5B to $13.4B. Trade in Aluminium Foil represent 0.073% of total world trade.

Exports: In 2018 the top exporters of Aluminium Foil  were China ($4.12B), Germany ($1.74B), Japan ($681M), Italy ($614M), and United States ($584M).

Imports: In 2018 the top importers of Aluminium Foil were United States ($1.32B), Germany ($945M), India ($585M), Mexico ($557M), and Italy ($535M).

Tariffs: In 2018 the average tariff for Aluminium Foil was 6.75%, been the 633 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Aluminium Foil are Malaysia (27.5%), Bahamas (27.1%), Bermuda (25%), Iran (16%), and Pakistan (15.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Aluminium Foil ranks 341st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.12B

Top Destination (2018): United States, $1.32B

Aluminium Foil are the world's 269th most traded product.

In 2018, the top exporters of Aluminium Foil were China ($4.12B), Germany ($1.74B), Japan ($681M), Italy ($614M), and United States ($584M).

In 2018, the top importers of Aluminium Foil were United States ($1.32B), Germany ($945M), India ($585M), Mexico ($557M), and Italy ($535M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $721M

Top Destination Growth (2017 - 2018): United States, $169M

Between 2017 and 2018, the exports of Aluminium Foil grew the fastest in China ($721M), Germany ($212M), Croatia ($128M), Greece ($106M), and Turkey ($97.8M).

Between 2017 and 2018, the fastest growing importers of Aluminium Foil were United States ($169M), India ($133M), South Korea ($116M), Malaysia ($108M), and Italy ($102M).

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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 Foil.

In 2018,  market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Aluminium Foil are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $3.71B

TOP NET IMPORTER (2018): United States, $735M

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

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium Foil were China ($3.71B), Germany ($794M), Austria ($343M), Japan ($337M), and Greece ($296M).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium Foil were United States ($735M), Mexico ($548M), India ($494M), United Kingdom ($397M), and Thailand ($265M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium Foil. 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 Foil was 6.75%.  The countries with the highest tariffs for importing Aluminium Foil were Malaysia (27.5%), Bahamas (27.1%), Bermuda (25%), Iran (16%), and Pakistan (15.7%).

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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.