HS Icon Machines to agglomerate, shape, mould minerals or fue

847480 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.34B, Rnk 1197 / 4726

Top Exporter (2018): $567M, Italy

Top Importer (2018): $311M, China

Product Complexity (2018): 0.056, Rnk 2528 / 4873

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 2172 / 4726

Mean Tariff (2018): 4%, Rnk 4968 / 6538

Share of World Trade (2018): 0.013%, Rnk 1197 / 4726

Overview:  This page contains the latest trade data of Machines to agglomerate, shape, mould minerals or fue. In 2018, Machines to agglomerate, shape, mould minerals or fue were the world's 1197th most traded product, with a total trade of $2.34B. Between 2017 and 2018 the exports of Machines to agglomerate, shape, mould minerals or fue grew by 13.2%, from  $2.07B to $2.34B. Trade in Machines to agglomerate, shape, mould minerals or fue represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Machines to agglomerate, shape, mould minerals or fue  were Italy ($567M), Germany ($415M), China ($409M), Spain ($101M), and Turkey ($77.8M).

Imports: In 2018 the top importers of Machines to agglomerate, shape, mould minerals or fue were China ($311M), United States ($139M), India ($127M), Algeria ($122M), and Uzbekistan ($75.7M).

Tariffs: In 2018 the average tariff for Machines to agglomerate, shape, mould minerals or fue was 4%, been the 4968 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machines to agglomerate, shape, mould minerals or fue are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Machines to agglomerate, shape, mould minerals or fue ranks 2528th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $567M

Top Destination (2018): China, $311M

Machines to agglomerate, shape, mould minerals or fue are the world's 1197th most traded product.

In 2018, the top exporters of Machines to agglomerate, shape, mould minerals or fue were Italy ($567M), Germany ($415M), China ($409M), Spain ($101M), and Turkey ($77.8M).

In 2018, the top importers of Machines to agglomerate, shape, mould minerals or fue were China ($311M), United States ($139M), India ($127M), Algeria ($122M), and Uzbekistan ($75.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $152M

Top Destination Growth (2017 - 2018): China, $120M

Between 2017 and 2018, the exports of Machines to agglomerate, shape, mould minerals or fue grew the fastest in Italy ($152M), Spain ($22.2M), Denmark ($22M), Turkey ($18.9M), and Austria ($18.1M).

Between 2017 and 2018, the fastest growing importers of Machines to agglomerate, shape, mould minerals or fue were China ($120M), Uzbekistan ($56.7M), Poland ($47.8M), India ($34.9M), and United States ($25.7M).

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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 Machines to agglomerate, shape, mould minerals or fue.

In 2018,  market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Machines to agglomerate, shape, mould minerals or fue are explained by 14 countries.

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TOP NET EXPORTER (2018): Italy, $547M

TOP NET IMPORTER (2018): Algeria, $122M

This map shows which countries export or import more of Machines to agglomerate, shape, mould minerals or fue. Each country is colored based on the difference in exports and imports of Machines to agglomerate, shape, mould minerals or fue during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Machines to agglomerate, shape, mould minerals or fue were Italy ($547M), Germany ($363M), China ($98.2M), Denmark ($64M), and Austria ($62.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Machines to agglomerate, shape, mould minerals or fue were Algeria ($122M), India ($96.3M), United States ($95.6M), Vietnam ($67.3M), and Mexico ($64.2M).

Trade Forecasts

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This section shows forecasts for total trade for Machines to agglomerate, shape, mould minerals or fue. 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 Machines to agglomerate, shape, mould minerals or fue was 4%.  The countries with the highest tariffs for importing Machines to agglomerate, shape, mould minerals or fue were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Venezuela (13.4%).

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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.