HS Icon Flexible Metal Tubing

8307 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.48B, Rnk 679 / 1225

Top Exporter (2018): $400M, Germany

Top Importer (2018): $229M, United States

Product Complexity (2018): 0.29, Rnk 441 / 1018

Export Growth (CAGR)(2017 - 2018): 20.5%, Rnk 328 / 1225

Mean Tariff (2018): 8.03%, Rnk 543 / 1259

Share of World Trade (2018): 0.013%, Rnk 679 / 1225

Overview: In 2018, Flexible Metal Tubing were the world's 679th most traded product, with a total trade of $2.48B. Between 2017 and 2018 the exports of Flexible Metal Tubing grew by 20.5%, from  $2.06B to $2.48B. Trade in Flexible Metal Tubing represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Flexible Metal Tubing  were Germany ($400M), China ($315M), United States ($248M), France ($170M), and Denmark ($166M).

Imports: In 2018 the top importers of Flexible Metal Tubing were United States ($229M), Germany ($170M), Brazil ($135M), France ($102M), and United Kingdom ($95.7M).

Tariffs: In 2018 the average tariff for Flexible Metal Tubing was 8.03%, been the 543 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Flexible Metal Tubing are Bahamas (40.2%), Sudan (35%), Iran (30%), Algeria (26.1%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Flexible Metal Tubing ranks 441st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $400M

Top Destination (2018): United States, $229M

Flexible Metal Tubing are the world's 679th most traded product.

In 2018, the top exporters of Flexible Metal Tubing were Germany ($400M), China ($315M), United States ($248M), France ($170M), and Denmark ($166M).

In 2018, the top importers of Flexible Metal Tubing were United States ($229M), Germany ($170M), Brazil ($135M), France ($102M), and United Kingdom ($95.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $111M

Top Destination Growth (2017 - 2018): Brazil, $104M

Between 2017 and 2018, the exports of Flexible Metal Tubing grew the fastest in United Arab Emirates ($111M), Germany ($109M), Denmark ($77.5M), Saudi Arabia ($36.4M), and United Kingdom ($32.5M).

Between 2017 and 2018, the fastest growing importers of Flexible Metal Tubing were Brazil ($104M), Canada ($73.3M), United States ($55M), Egypt ($47.2M), and United Kingdom ($44M).

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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 Flexible Metal Tubing.

In 2018,  market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Flexible Metal Tubing are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $252M

TOP NET IMPORTER (2018): Brazil, $127M

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

In 2018, the countries that had a largest trade value in exports than in imports of Flexible Metal Tubing were China ($252M), Germany ($229M), Denmark ($145M), United Arab Emirates ($89.7M), and France ($68.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Flexible Metal Tubing were Brazil ($127M), Canada ($77.3M), Egypt ($72.7M), Australia ($52.6M), and Norway ($50.8M).

Trade Forecasts

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This section shows forecasts for total trade for Flexible Metal Tubing. 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 Flexible Metal Tubing was 8.03%.  The countries with the highest tariffs for importing Flexible Metal Tubing were Bahamas (40.2%), Sudan (35%), Iran (30%), Algeria (26.1%), and Bermuda (25%).

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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.