HS Icon Coated Metal Soldering Products

8311 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.12B, Rnk 619 / 1225

Top Exporter (2018): $631M, China

Top Importer (2018): $186M, United States

Product Complexity (2018): 0.54, Rnk 351 / 1018

Export Growth (CAGR)(2017 - 2018): 12.4%, Rnk 647 / 1225

Mean Tariff (2018): 10.2%, Rnk 414 / 1259

Share of World Trade (2018): 0.017%, Rnk 619 / 1225

Overview:  This page contains the latest trade data of Coated Metal Soldering Products. In 2018, Coated Metal Soldering Products were the world's 619th most traded product, with a total trade of $3.12B. Between 2017 and 2018 the exports of Coated Metal Soldering Products grew by 12.4%, from  $2.78B to $3.12B. Trade in Coated Metal Soldering Products represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Coated Metal Soldering Products  were China ($631M), United States ($351M), South Korea ($177M), Japan ($151M), and Italy ($143M).

Imports: In 2018 the top importers of Coated Metal Soldering Products were United States ($186M), China ($154M), Mexico ($131M), Canada ($117M), and Germany ($109M).

Tariffs: In 2018 the average tariff for Coated Metal Soldering Products was 10.2%, been the 414 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coated Metal Soldering Products are Bahamas (41.4%), Iran (35%), Sudan (35%), Malaysia (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Switzerland (0%).

Ranking: Coated Metal Soldering Products ranks 351st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $631M

Top Destination (2018): United States, $186M

Coated Metal Soldering Products are the world's 619th most traded product.

In 2018, the top exporters of Coated Metal Soldering Products were China ($631M), United States ($351M), South Korea ($177M), Japan ($151M), and Italy ($143M).

In 2018, the top importers of Coated Metal Soldering Products were United States ($186M), China ($154M), Mexico ($131M), Canada ($117M), and Germany ($109M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $69.9M

Top Destination Growth (2017 - 2018): Japan, $53.1M

Between 2017 and 2018, the exports of Coated Metal Soldering Products grew the fastest in China ($69.9M), United States ($44.4M), Israel ($44.3M), Italy ($41.6M), and Czechia ($26.3M).

Between 2017 and 2018, the fastest growing importers of Coated Metal Soldering Products were Japan ($53.1M), Germany ($27.2M), China ($22.4M), Canada ($21.7M), and France ($20.1M).

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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 Coated Metal Soldering Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.7. This means that most of the exports of Coated Metal Soldering Products are explained by 26 countries.

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TOP NET EXPORTER (2018): China, $477M

TOP NET IMPORTER (2018): Mexico, $89.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Coated Metal Soldering Products were China ($477M), United States ($165M), South Korea ($145M), Italy ($73.6M), and Austria ($60M).

In 2018, the countries that had a largest trade value in imports than in exports of Coated Metal Soldering Products were Mexico ($89.3M), Canada ($81.2M), Russia ($76M), Indonesia ($48.8M), and Saudi Arabia ($45.3M).

Trade Forecasts

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This section shows forecasts for total trade for Coated Metal Soldering Products. 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 Coated Metal Soldering Products was 10.2%.  The countries with the highest tariffs for importing Coated Metal Soldering Products were Bahamas (41.4%), Iran (35%), Sudan (35%), Malaysia (30%), and Cameroon (29.4%).

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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.