HS Icon Tool plates/tips/etc, sintered metal carbide & cermet

820900 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.22B, Rnk 449 / 4726

Top Exporter (2018): $1.22B, Germany

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

Product Complexity (2018): 1.76, Rnk 103 / 4873

Export Growth (CAGR)(2017 - 2018): 16%, Rnk 1789 / 4726

Mean Tariff (2018): 6.63%, Rnk 3343 / 6538

Share of World Trade (2018): 0.039%, Rnk 449 / 4726

Overview:  This page contains the latest trade data of Tool plates/tips/etc, sintered metal carbide & cermet. In 2018, Tool plates/tips/etc, sintered metal carbide & cermet were the world's 449th most traded product, with a total trade of $7.22B. Between 2017 and 2018 the exports of Tool plates/tips/etc, sintered metal carbide & cermet grew by 16%, from  $6.23B to $7.22B. Trade in Tool plates/tips/etc, sintered metal carbide & cermet represent 0.039% of total world trade.

Exports: In 2018 the top exporters of Tool plates/tips/etc, sintered metal carbide & cermet  were Germany ($1.22B), Japan ($978M), Israel ($876M), Belgium-Luxembourg ($741M), and Sweden ($579M).

Imports: In 2018 the top importers of Tool plates/tips/etc, sintered metal carbide & cermet were United States ($931M), Netherlands ($782M), Germany ($775M), China ($672M), and Belgium-Luxembourg ($495M).

Tariffs: In 2018 the average tariff for Tool plates/tips/etc, sintered metal carbide & cermet was 6.63%, been the 3343 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Tool plates/tips/etc, sintered metal carbide & cermet 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/tips/etc, sintered metal carbide & cermet ranks 103rd 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/tips/etc, sintered metal carbide & cermet are the world's 449th most traded product.

In 2018, the top exporters of Tool plates/tips/etc, sintered metal carbide & cermet were Germany ($1.22B), Japan ($978M), Israel ($876M), Belgium-Luxembourg ($741M), and Sweden ($579M).

In 2018, the top importers of Tool plates/tips/etc, sintered metal carbide & cermet were United States ($931M), Netherlands ($782M), Germany ($775M), China ($672M), and Belgium-Luxembourg ($495M).

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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/tips/etc, sintered metal carbide & cermet 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/tips/etc, sintered metal carbide & cermet were Netherlands ($418M), China ($184M), France ($94.2M), Canada ($80.9M), and United States ($78.7M).

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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 Tool plates/tips/etc, sintered metal carbide & cermet.

In 2018,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Tool plates/tips/etc, sintered metal carbide & cermet are explained by 14 countries.

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

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

This map shows which countries export or import more of Tool plates/tips/etc, sintered metal carbide & cermet. Each country is colored based on the difference in exports and imports of Tool plates/tips/etc, sintered metal carbide & cermet during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tool plates/tips/etc, sintered metal carbide & cermet 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 in exports of Tool plates/tips/etc, sintered metal carbide & cermet 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/tips/etc, sintered metal carbide & cermet. 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/tips/etc, sintered metal carbide & cermet was 6.63%.  The countries with the highest tariffs for importing Tool plates/tips/etc, sintered metal carbide & cermet 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.