HS Icon Tubing,flexible, with/without fittings, iron or steel

830710 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.09B, Rnk 1292 / 4726

Top Exporter (2018): $346M, Germany

Top Importer (2018): $178M, United States

Product Complexity (2018): 0.018, Rnk 2603 / 4873

Export Growth (CAGR)(2017 - 2018): 23.3%, Rnk 1156 / 4726

Mean Tariff (2018): 8.74%, Rnk 2626 / 6538

Share of World Trade (2018): 0.011%, Rnk 1292 / 4726

Overview:  This page contains the latest trade data of Tubing,flexible, with/without fittings, iron or steel. In 2018, Tubing,flexible, with/without fittings, iron or steel were the world's 1292nd most traded product, with a total trade of $2.09B. Between 2017 and 2018 the exports of Tubing,flexible, with/without fittings, iron or steel grew by 23.3%, from  $1.69B to $2.09B. Trade in Tubing,flexible, with/without fittings, iron or steel represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Tubing,flexible, with/without fittings, iron or steel  were Germany ($346M), China ($259M), United States ($190M), Denmark ($151M), and France ($148M).

Imports: In 2018 the top importers of Tubing,flexible, with/without fittings, iron or steel were United States ($178M), Germany ($139M), Brazil ($133M), Canada ($84.1M), and United Kingdom ($83.3M).

Tariffs: In 2018 the average tariff for Tubing,flexible, with/without fittings, iron or steel was 8.74%, been the 2626 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Tubing,flexible, with/without fittings, iron or steel are Bahamas (40.2%), Iran (40%), Sudan (35%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Tubing,flexible, with/without fittings, iron or steel ranks 2603rd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $346M

Top Destination (2018): United States, $178M

Tubing,flexible, with/without fittings, iron or steel are the world's 1292nd most traded product.

In 2018, the top exporters of Tubing,flexible, with/without fittings, iron or steel were Germany ($346M), China ($259M), United States ($190M), Denmark ($151M), and France ($148M).

In 2018, the top importers of Tubing,flexible, with/without fittings, iron or steel were United States ($178M), Germany ($139M), Brazil ($133M), Canada ($84.1M), and United Kingdom ($83.3M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $108M

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

Between 2017 and 2018, the exports of Tubing,flexible, with/without fittings, iron or steel grew the fastest in United Arab Emirates ($108M), Germany ($97.1M), Denmark ($72.4M), Saudi Arabia ($36.3M), and United Kingdom ($31.1M).

Between 2017 and 2018, the fastest growing importers of Tubing,flexible, with/without fittings, iron or steel were Brazil ($104M), Canada ($74.1M), Egypt ($47.5M), United States ($44.8M), and United Kingdom ($42.6M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Tubing,flexible, with/without fittings, iron or steel.

In 2018,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Tubing,flexible, with/without fittings, iron or steel are explained by 20 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $208M

TOP NET IMPORTER (2018): Brazil, $125M

This map shows which countries export or import more of Tubing,flexible, with/without fittings, iron or steel. Each country is colored based on the difference in exports and imports of Tubing,flexible, with/without fittings, iron or steel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tubing,flexible, with/without fittings, iron or steel were Germany ($208M), China ($204M), Denmark ($134M), United Arab Emirates ($91M), and France ($71.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Tubing,flexible, with/without fittings, iron or steel were Brazil ($125M), Canada ($74.3M), Egypt ($70.2M), Australia ($51.1M), and Norway ($44.9M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Tubing,flexible, with/without fittings, iron or steel. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Tubing,flexible, with/without fittings, iron or steel was 8.74%.  The countries with the highest tariffs for importing Tubing,flexible, with/without fittings, iron or steel were Bahamas (40.2%), Iran (40%), Sudan (35%), Algeria (25.6%), and Bermuda (25%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.