HS Icon Metal-Rolling Mills

8455 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.94B, Rnk 504 / 1225

Top Exporter (2018): $970M, China

Top Importer (2018): $491M, United States

Product Complexity (2018): 1.08, Rnk 149 / 1018

Export Growth (CAGR)(2017 - 2018): 32.6%, Rnk 149 / 1225

Mean Tariff (2018): 4.21%, Rnk 953 / 1259

Share of World Trade (2018): 0.027%, Rnk 504 / 1225

Overview:  This page contains the latest trade data of Metal-Rolling Mills. In 2018, Metal-Rolling Mills were the world's 504th most traded product, with a total trade of $4.94B. Between 2017 and 2018 the exports of Metal-Rolling Mills grew by 32.6%, from  $3.73B to $4.94B. Trade in Metal-Rolling Mills represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Metal-Rolling Mills  were China ($970M), Germany ($889M), Italy ($775M), Japan ($337M), and United States ($239M).

Imports: In 2018 the top importers of Metal-Rolling Mills were United States ($491M), India ($393M), China ($329M), Indonesia ($267M), and Germany ($246M).

Tariffs: In 2018 the average tariff for Metal-Rolling Mills was 4.21%, been the 953 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metal-Rolling Mills 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: Metal-Rolling Mills ranks 149th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $970M

Top Destination (2018): United States, $491M

Metal-Rolling Mills are the world's 504th most traded product.

In 2018, the top exporters of Metal-Rolling Mills were China ($970M), Germany ($889M), Italy ($775M), Japan ($337M), and United States ($239M).

In 2018, the top importers of Metal-Rolling Mills were United States ($491M), India ($393M), China ($329M), Indonesia ($267M), and Germany ($246M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $348M

Top Destination Growth (2017 - 2018): United States, $289M

Between 2017 and 2018, the exports of Metal-Rolling Mills grew the fastest in Germany ($348M), Italy ($220M), China ($161M), South Korea ($90.2M), and Japan ($66.2M).

Between 2017 and 2018, the fastest growing importers of Metal-Rolling Mills were United States ($289M), India ($148M), Indonesia ($140M), Turkey ($78.7M), and China ($73.6M).

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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-Rolling Mills.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Metal-Rolling Mills are explained by 15 countries.

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TOP NET EXPORTER (2018): Italy, $669M

TOP NET IMPORTER (2018): Indonesia, $266M

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

In 2018, the countries that had a largest trade value in exports than in imports of Metal-Rolling Mills were Italy ($669M), Germany ($644M), China ($641M), Japan ($250M), and South Korea ($101M).

In 2018, the countries that had a largest trade value in imports than in exports of Metal-Rolling Mills were Indonesia ($266M), United States ($251M), India ($227M), Russia ($165M), and Mexico ($163M).

Trade Forecasts

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This section shows forecasts for total trade for Metal-Rolling Mills. 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-Rolling Mills was 4.21%.  The countries with the highest tariffs for importing Metal-Rolling Mills 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.