HS Icon Band saw blades

820220 (Harmonized System 1992 for 6-digit)

World Trade (2018): $710M, Rnk 2421 / 4726

Top Exporter (2018): $251M, Germany

Top Importer (2018): $82M, United States

Product Complexity (2018): 1.29, Rnk 391 / 4873

Export Growth (CAGR)(2017 - 2018): 12.4%, Rnk 2307 / 4726

Mean Tariff (2018): 7.06%, Rnk 3180 / 6538

Share of World Trade (2018): 0.0039%, Rnk 2421 / 4726

Overview: In 2018, Band saw blades were the world's 2421st most traded product, with a total trade of $710M. Between 2017 and 2018 the exports of Band saw blades grew by 12.4%, from  $631M to $710M. Trade in Band saw blades represent 0.0039% of total world trade.

Exports: In 2018 the top exporters of Band saw blades  were Germany ($251M), United States ($81M), United Kingdom ($44.2M), China ($38M), and Japan ($36.3M).

Imports: In 2018 the top importers of Band saw blades were United States ($82M), Italy ($46.1M), China ($42.8M), Russia ($40.9M), and Germany ($40M).

Tariffs: In 2018 the average tariff for Band saw blades was 7.06%, been the 3180 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Band saw blades are Algeria (28.9%), Uzbekistan (28.7%), Bermuda (25%), Bahamas (22.3%), and Sudan (21.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Band saw blades ranks 391st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $251M

Top Destination (2018): United States, $82M

Band saw blades are the world's 2421st most traded product.

In 2018, the top exporters of Band saw blades were Germany ($251M), United States ($81M), United Kingdom ($44.2M), China ($38M), and Japan ($36.3M).

In 2018, the top importers of Band saw blades were United States ($82M), Italy ($46.1M), China ($42.8M), Russia ($40.9M), and Germany ($40M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $26.3M

Top Destination Growth (2017 - 2018): Italy, $17M

Between 2017 and 2018, the exports of Band saw blades grew the fastest in Germany ($26.3M), Poland ($10.7M), United Kingdom ($8.83M), Czechia ($7.89M), and Netherlands ($4.64M).

Between 2017 and 2018, the fastest growing importers of Band saw blades were Italy ($17M), Germany ($10.3M), Austria ($6.82M), Netherlands ($6.75M), and Poland ($6.37M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Band saw blades.

In 2018,  market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Band saw blades are explained by 12 countries.

TOP NET EXPORTER (2018): Germany, $211M

TOP NET IMPORTER (2018): Russia, $39.6M

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

In 2018, the countries that had a largest trade value in exports than imports of Band saw blades were Germany ($211M), United Kingdom ($27.4M), Japan ($24.7M), Sweden ($17.5M), and Belarus ($11.1M).

In 2018, the countries that had a largest trade value in imports than exports of Band saw blades were Russia ($39.6M), Italy ($31.6M), India ($18.1M), South Korea ($17.4M), and Turkey ($13M).

Trade Forecasts

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This section shows forecasts for total trade for Band saw blades. 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 Band saw blades was 7.06%.  The countries with the highest tariffs for importing Band saw blades were Algeria (28.9%), Uzbekistan (28.7%), Bermuda (25%), Bahamas (22.3%), and Sudan (21.9%).

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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.