HS Icon Metal Stoppers

8309 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.09B, Rnk 418 / 1225

Top Exporter (2018): $660M, Italy

Top Importer (2018): $703M, United States

Product Complexity (2018): 0.23, Rnk 460 / 1018

Export Growth (CAGR)(2017 - 2018): 16.5%, Rnk 456 / 1225

Mean Tariff (2018): 10.2%, Rnk 415 / 1259

Share of World Trade (2018): 0.039%, Rnk 418 / 1225

Overview: In 2018, Metal Stoppers were the world's 418th most traded product, with a total trade of $7.09B. Between 2017 and 2018 the exports of Metal Stoppers grew by 16.5%, from  $6.09B to $7.09B. Trade in Metal Stoppers represent 0.039% of total world trade.

Exports: In 2018 the top exporters of Metal Stoppers  were Italy ($660M), Germany ($641M), Poland ($634M), China ($608M), and United States ($521M).

Imports: In 2018 the top importers of Metal Stoppers were United States ($703M), France ($519M), Germany ($414M), United Kingdom ($371M), and Netherlands ($311M).

Tariffs: In 2018 the average tariff for Metal Stoppers was 10.2%, been the 415 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metal Stoppers are Iran (50%), Bahamas (41.8%), Angola (30%), Uzbekistan (28.7%), and Algeria (26.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Metal Stoppers ranks 460th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $660M

Top Destination (2018): United States, $703M

Metal Stoppers are the world's 418th most traded product.

In 2018, the top exporters of Metal Stoppers were Italy ($660M), Germany ($641M), Poland ($634M), China ($608M), and United States ($521M).

In 2018, the top importers of Metal Stoppers were United States ($703M), France ($519M), Germany ($414M), United Kingdom ($371M), and Netherlands ($311M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $254M

Top Destination Growth (2017 - 2018): Canada, $255M

Between 2017 and 2018, the exports of Metal Stoppers grew the fastest in United States ($254M), Poland ($187M), Mexico ($65.1M), United Arab Emirates ($63.8M), and Thailand ($61.5M).

Between 2017 and 2018, the fastest growing importers of Metal Stoppers were Canada ($255M), Germany ($95.4M), Netherlands ($62.7M), France ($57.1M), and United Kingdom ($51.8M).

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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 Metal Stoppers.

In 2018,  market concentration measured using Shannon Entropy, was 4.76. This means that most of the exports of Metal Stoppers are explained by 27 countries.

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TOP NET EXPORTER (2018): China, $546M

TOP NET IMPORTER (2018): United Kingdom, $194M

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

In 2018, the countries that had a largest trade value in exports than in imports of Metal Stoppers were China ($546M), Italy ($474M), Poland ($451M), Mexico ($249M), and Germany ($227M).

In 2018, the countries that had a largest trade value in imports than in exports of Metal Stoppers were United Kingdom ($194M), United States ($182M), Canada ($155M), Russia ($151M), and Belgium-Luxembourg ($115M).

Trade Forecasts

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This section shows forecasts for total trade for Metal Stoppers. 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 Metal Stoppers was 10.2%.  The countries with the highest tariffs for importing Metal Stoppers were Iran (50%), Bahamas (41.8%), Angola (30%), Uzbekistan (28.7%), and Algeria (26.6%).

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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.