HS Icon Titanium

8108 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.22B, Rnk 449 / 1225

Top Exporter (2018): $1.98B, United States

Top Importer (2018): $890M, United States

Product Complexity (2018): 0.55, Rnk 349 / 1018

Export Growth (CAGR)(2017 - 2018): 9.88%, Rnk 783 / 1225

Mean Tariff (2018): 3.02%, Rnk 1136 / 1259

Share of World Trade (2018): 0.034%, Rnk 449 / 1225

Overview:  This page contains the latest trade data of Titanium. In 2018, Titanium were the world's 449th most traded product, with a total trade of $6.22B. Between 2017 and 2018 the exports of Titanium grew by 9.88%, from  $5.66B to $6.22B. Trade in Titanium represent 0.034% of total world trade.

Exports: In 2018 the top exporters of Titanium  were United States ($1.98B), Russia ($676M), Japan ($605M), Germany ($546M), and United Kingdom ($485M).

Imports: In 2018 the top importers of Titanium were United States ($890M), France ($774M), Germany ($678M), United Kingdom ($656M), and China ($347M).

Tariffs: In 2018 the average tariff for Titanium was 3.02%, been the 1136 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Titanium are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (15%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Titanium ranks 349th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $1.98B

Top Destination (2018): United States, $890M

Titanium are the world's 449th most traded product.

In 2018, the top exporters of Titanium were United States ($1.98B), Russia ($676M), Japan ($605M), Germany ($546M), and United Kingdom ($485M).

In 2018, the top importers of Titanium were United States ($890M), France ($774M), Germany ($678M), United Kingdom ($656M), and China ($347M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $212M

Top Destination Growth (2017 - 2018): United States, $165M

Between 2017 and 2018, the exports of Titanium grew the fastest in United States ($212M), Germany ($115M), China ($77.5M), Japan ($64.4M), and United Kingdom ($62.3M).

Between 2017 and 2018, the fastest growing importers of Titanium were United States ($165M), Canada ($119M), United Kingdom ($71.4M), Italy ($55.9M), and Russia ($54.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Titanium.

In 2018,  market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Titanium are explained by 11 countries.

Explore Visualizations

TOP NET EXPORTER (2018): United States, $1.09B

TOP NET IMPORTER (2018): France, $512M

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

In 2018, the countries that had a largest trade value in exports than in imports of Titanium were United States ($1.09B), Russia ($546M), Japan ($290M), Kazakhstan ($239M), and China ($89.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Titanium were France ($512M), United Kingdom ($171M), Italy ($168M), South Korea ($168M), and Germany ($132M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Titanium. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Titanium was 3.02%.  The countries with the highest tariffs for importing Titanium were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (15%), and Nepal (14.8%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.