HS Icon Other Aluminium Products

7616 (Harmonized System 1992 for 4-digit)

World Trade (2018): $18.6B, Rnk 198 / 1225

Top Exporter (2018): $3.68B, China

Top Importer (2018): $3.03B, Germany

Product Complexity (2018): 0.75, Rnk 267 / 1018

Export Growth (CAGR)(2017 - 2018): 30.5%, Rnk 169 / 1225

Mean Tariff (2018): 10.3%, Rnk 408 / 1259

Share of World Trade (2018): 0.1%, Rnk 198 / 1225

Overview: In 2018, Other Aluminium Products were the world's 198th most traded product, with a total trade of $18.6B. Between 2017 and 2018 the exports of Other Aluminium Products grew by 30.5%, from  $14.2B to $18.6B. Trade in Other Aluminium Products represent 0.1% of total world trade.

Exports: In 2018 the top exporters of Other Aluminium Products  were China ($3.68B), Germany ($1.91B), Italy ($1.67B), United States ($1.19B), and Poland ($817M).

Imports: In 2018 the top importers of Other Aluminium Products were Germany ($3.03B), United States ($2.22B), France ($1.12B), China ($704M), and Mexico ($687M).

Tariffs: In 2018 the average tariff for Other Aluminium Products was 10.3%, been the 408 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Aluminium Products are Bahamas (40.7%), Iran (28%), Cameroon (27%), Gabon (27%), and Chad (27%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Other Aluminium Products ranks 267th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.68B

Top Destination (2018): Germany, $3.03B

Other Aluminium Products are the world's 198th most traded product.

In 2018, the top exporters of Other Aluminium Products were China ($3.68B), Germany ($1.91B), Italy ($1.67B), United States ($1.19B), and Poland ($817M).

In 2018, the top importers of Other Aluminium Products were Germany ($3.03B), United States ($2.22B), France ($1.12B), China ($704M), and Mexico ($687M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $539M

Top Destination Growth (2017 - 2018): Germany, $1.08B

Between 2017 and 2018, the exports of Other Aluminium Products grew the fastest in Italy ($539M), Germany ($437M), Austria ($387M), China ($360M), and Poland ($351M).

Between 2017 and 2018, the fastest growing importers of Other Aluminium Products were Germany ($1.08B), United States ($443M), China ($269M), United Kingdom ($213M), and Thailand ($203M).

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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 Other Aluminium Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Other Aluminium Products are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $2.97B

TOP NET IMPORTER (2018): Germany, $1.12B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Aluminium Products were China ($2.97B), Italy ($1.26B), Chinese Taipei ($416M), Malaysia ($343M), and Poland ($274M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Aluminium Products were Germany ($1.12B), United States ($1.03B), United Kingdom ($422M), France ($358M), and Russia ($287M).

Trade Forecasts

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This section shows forecasts for total trade for Other Aluminium Products. 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 Other Aluminium Products was 10.3%.  The countries with the highest tariffs for importing Other Aluminium Products were Bahamas (40.7%), Iran (28%), Cameroon (27%), Gabon (27%), and Chad (27%).

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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.