HS Icon Mountings, fittings, of base metal, nes

830249 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.53B, Rnk 871 / 4726

Top Exporter (2018): $960M, China

Top Importer (2018): $526M, United States

Product Complexity (2018): 0.43, Rnk 1831 / 4873

Export Growth (CAGR)(2017 - 2018): 7.9%, Rnk 2968 / 4726

Mean Tariff (2018): 10.1%, Rnk 2229 / 6538

Share of World Trade (2018): 0.019%, Rnk 871 / 4726

Overview:  This page contains the latest trade data of Mountings, fittings, of base metal, nes. In 2018, Mountings, fittings, of base metal, nes were the world's 871st most traded product, with a total trade of $3.53B. Between 2017 and 2018 the exports of Mountings, fittings, of base metal, nes grew by 7.9%, from  $3.27B to $3.53B. Trade in Mountings, fittings, of base metal, nes represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Mountings, fittings, of base metal, nes  were China ($960M), United States ($654M), Germany ($348M), United Kingdom ($186M), and Italy ($186M).

Imports: In 2018 the top importers of Mountings, fittings, of base metal, nes were United States ($526M), Germany ($257M), France ($190M), United Kingdom ($188M), and Canada ($167M).

Tariffs: In 2018 the average tariff for Mountings, fittings, of base metal, nes was 10.1%, been the 2229 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mountings, fittings, of base metal, nes are Bahamas (41.8%), Iran (40%), Sudan (35%), Sri Lanka (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Mountings, fittings, of base metal, nes ranks 1831st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $960M

Top Destination (2018): United States, $526M

Mountings, fittings, of base metal, nes are the world's 871st most traded product.

In 2018, the top exporters of Mountings, fittings, of base metal, nes were China ($960M), United States ($654M), Germany ($348M), United Kingdom ($186M), and Italy ($186M).

In 2018, the top importers of Mountings, fittings, of base metal, nes were United States ($526M), Germany ($257M), France ($190M), United Kingdom ($188M), and Canada ($167M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $132M

Top Destination Growth (2017 - 2018): Hong Kong, $85.7M

Between 2017 and 2018, the exports of Mountings, fittings, of base metal, nes grew the fastest in United States ($132M), United Kingdom ($51.7M), Germany ($30.2M), Italy ($24.9M), and Sweden ($23.2M).

Between 2017 and 2018, the fastest growing importers of Mountings, fittings, of base metal, nes were Hong Kong ($85.7M), Malaysia ($68.7M), Germany ($65M), Mexico ($27.5M), and Philippines ($26.9M).

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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 Mountings, fittings, of base metal, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Mountings, fittings, of base metal, nes are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $872M

TOP NET IMPORTER (2018): Hong Kong, $132M

This map shows which countries export or import more of Mountings, fittings, of base metal, nes. Each country is colored based on the difference in exports and imports of Mountings, fittings, of base metal, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Mountings, fittings, of base metal, nes were China ($872M), United States ($128M), Italy ($112M), Chinese Taipei ($92.5M), and Germany ($90.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Mountings, fittings, of base metal, nes were Hong Kong ($132M), Mexico ($97.6M), Malaysia ($96M), Canada ($79.8M), and Japan ($71.7M).

Trade Forecasts

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This section shows forecasts for total trade for Mountings, fittings, of base metal, nes. 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 Mountings, fittings, of base metal, nes was 10.1%.  The countries with the highest tariffs for importing Mountings, fittings, of base metal, nes were Bahamas (41.8%), Iran (40%), Sudan (35%), Sri Lanka (30%), and Cameroon (29.4%).

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Product Complexity

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Diversification Frontier

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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.