HS Icon Cermets

8113 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.24B, Rnk 857 / 1225

Top Exporter (2018): $458M, Germany

Top Importer (2018): $329M, Germany

Product Complexity (2018): 2.18, Rnk 5 / 1018

Export Growth (CAGR)(2017 - 2018): 27.1%, Rnk 201 / 1225

Mean Tariff (2018): 3.36%, Rnk 1098 / 1259

Share of World Trade (2018): 0.0067%, Rnk 857 / 1225

Overview: In 2018, Cermets were the world's 857th most traded product, with a total trade of $1.24B. Between 2017 and 2018 the exports of Cermets grew by 27.1%, from  $973M to $1.24B. Trade in Cermets represent 0.0067% of total world trade.

Exports: In 2018 the top exporters of Cermets  were Germany ($458M), Austria ($226M), China ($131M), United States ($85.5M), and Switzerland ($61.5M).

Imports: In 2018 the top importers of Cermets were Germany ($329M), China ($124M), United States ($110M), South Korea ($83.9M), and Austria ($60M).

Tariffs: In 2018 the average tariff for Cermets was 3.36%, been the 1098 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cermets are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (20%), and Ethiopia (19.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Cermets ranks 5th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $458M

Top Destination (2018): Germany, $329M

Cermets are the world's 857th most traded product.

In 2018, the top exporters of Cermets were Germany ($458M), Austria ($226M), China ($131M), United States ($85.5M), and Switzerland ($61.5M).

In 2018, the top importers of Cermets were Germany ($329M), China ($124M), United States ($110M), South Korea ($83.9M), and Austria ($60M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $152M

Top Destination Growth (2017 - 2018): Germany, $85.9M

Between 2017 and 2018, the exports of Cermets grew the fastest in Germany ($152M), Austria ($76.4M), South Korea ($28.2M), United States ($18.6M), and France ($14.8M).

Between 2017 and 2018, the fastest growing importers of Cermets were Germany ($85.9M), United States ($38.7M), Italy ($15.5M), France ($15.1M), and India ($13.7M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.22. This means that most of the exports of Cermets are explained by 9 countries.

TOP NET EXPORTER (2018): Austria, $165M

TOP NET IMPORTER (2018): Italy, $50.1M

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

In 2018, the countries that had a largest trade value in exports than imports of Cermets were Austria ($165M), Germany ($128M), Switzerland ($32.9M), Ireland ($19.3M), and Japan ($11.5M).

In 2018, the countries that had a largest trade value in imports than exports of Cermets were Italy ($50.1M), South Korea ($31.8M), India ($25.6M), France ($25.2M), and United States ($24.8M).

Trade Forecasts

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This section shows forecasts for total trade for Cermets. 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 Cermets was 3.36%.  The countries with the highest tariffs for importing Cermets were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (20%), and Ethiopia (19.8%).

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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.