HS Icon Tool Plates

8209 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.22B, Rnk 414 / 1225

Top Exporter (2018): $1.22B, Germany

Top Importer (2018): $931M, United States

Product Complexity (2018): 1.8, Rnk 14 / 1018

Export Growth (CAGR)(2017 - 2018): 16%, Rnk 474 / 1225

Mean Tariff (2018): 6.63%, Rnk 643 / 1259

Share of World Trade (2018): 0.039%, Rnk 414 / 1225

Overview: In 2018, Tool Plates were the world's 414th most traded product, with a total trade of $7.22B. Between 2017 and 2018 the exports of Tool Plates grew by 16%, from  $6.23B to $7.22B. Trade in Tool Plates represent 0.039% of total world trade.

Exports: In 2018 the top exporters of Tool Plates  were Germany ($1.22B), Japan ($978M), Israel ($876M), Belgium-Luxembourg ($741M), and Sweden ($579M).

Imports: In 2018 the top importers of Tool Plates were United States ($931M), Netherlands ($782M), Germany ($775M), China ($672M), and Belgium-Luxembourg ($495M).

Tariffs: In 2018 the average tariff for Tool Plates was 6.63%, been the 643 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tool Plates are Bermuda (25%), Bahamas (22.3%), Sudan (21.9%), Mauritania (20%), and Cameroon (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Tool Plates ranks 14th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.22B

Top Destination (2018): United States, $931M

Tool Plates are the world's 414th most traded product.

In 2018, the top exporters of Tool Plates were Germany ($1.22B), Japan ($978M), Israel ($876M), Belgium-Luxembourg ($741M), and Sweden ($579M).

In 2018, the top importers of Tool Plates were United States ($931M), Netherlands ($782M), Germany ($775M), China ($672M), and Belgium-Luxembourg ($495M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $238M

Top Destination Growth (2017 - 2018): Netherlands, $418M

Between 2017 and 2018, the exports of Tool Plates grew the fastest in Belgium-Luxembourg ($238M), Germany ($235M), China ($177M), Israel ($171M), and United States ($127M).

Between 2017 and 2018, the fastest growing importers of Tool Plates were Netherlands ($418M), China ($184M), France ($94.2M), Canada ($80.9M), and United States ($78.7M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Tool Plates.

In 2018,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Tool Plates are explained by 14 countries.

TOP NET EXPORTER (2018): Israel, $827M

TOP NET IMPORTER (2018): Netherlands, $495M

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

In 2018, the countries that had a largest trade value in exports than imports of Tool Plates were Israel ($827M), Japan ($780M), Sweden ($510M), Germany ($447M), and South Korea ($259M).

In 2018, the countries that had a largest trade value in imports than exports of Tool Plates were Netherlands ($495M), United States ($462M), Italy ($301M), France ($235M), and India ($114M).

Trade Forecasts

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This section shows forecasts for total trade for Tool Plates. 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 Tool Plates was 6.63%.  The countries with the highest tariffs for importing Tool Plates were Bermuda (25%), Bahamas (22.3%), Sudan (21.9%), Mauritania (20%), and Cameroon (19.6%).

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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.