HS Icon Casting Machines

8454 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.92B, Rnk 635 / 1225

Top Exporter (2018): $601M, China

Top Importer (2018): $312M, China

Product Complexity (2018): 1.15, Rnk 124 / 1018

Export Growth (CAGR)(2017 - 2018): 9.63%, Rnk 797 / 1225

Mean Tariff (2018): 4%, Rnk 993 / 1259

Share of World Trade (2018): 0.016%, Rnk 635 / 1225

Overview:  This page contains the latest trade data of Casting Machines. In 2018, Casting Machines were the world's 635th most traded product, with a total trade of $2.92B. Between 2017 and 2018 the exports of Casting Machines grew by 9.63%, from  $2.66B to $2.92B. Trade in Casting Machines represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Casting Machines  were China ($601M), Italy ($423M), Japan ($358M), Germany ($332M), and Switzerland ($178M).

Imports: In 2018 the top importers of Casting Machines were China ($312M), United States ($300M), India ($220M), Germany ($160M), and Vietnam ($156M).

Tariffs: In 2018 the average tariff for Casting Machines was 4%, been the 993 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Casting Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Casting Machines ranks 124th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $601M

Top Destination (2018): China, $312M

Casting Machines are the world's 635th most traded product.

In 2018, the top exporters of Casting Machines were China ($601M), Italy ($423M), Japan ($358M), Germany ($332M), and Switzerland ($178M).

In 2018, the top importers of Casting Machines were China ($312M), United States ($300M), India ($220M), Germany ($160M), and Vietnam ($156M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $143M

Top Destination Growth (2017 - 2018): Vietnam, $94.8M

Between 2017 and 2018, the exports of Casting Machines grew the fastest in China ($143M), Italy ($57.1M), United States ($33.4M), India ($28.1M), and South Korea ($22.9M).

Between 2017 and 2018, the fastest growing importers of Casting Machines were Vietnam ($94.8M), India ($83.5M), Japan ($37.3M), Bahrain ($31.5M), and Germany ($30.5M).

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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 Casting Machines.

In 2018,  market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Casting Machines are explained by 15 countries.

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TOP NET EXPORTER (2018): Italy, $344M

TOP NET IMPORTER (2018): India, $169M

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

In 2018, the countries that had a largest trade value in exports than in imports of Casting Machines were Italy ($344M), China ($290M), Japan ($254M), Germany ($172M), and Switzerland ($159M).

In 2018, the countries that had a largest trade value in imports than in exports of Casting Machines were India ($169M), Vietnam ($150M), United States ($145M), Mexico ($118M), and Iran ($85.9M).

Trade Forecasts

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This section shows forecasts for total trade for Casting Machines. 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 Casting Machines was 4%.  The countries with the highest tariffs for importing Casting Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%).

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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.