HS Icon Moulds, injection & compression, for rubber or plasti

848071 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.9B, Rnk 223 / 4726

Top Exporter (2018): $3.7B, China

Top Importer (2018): $2.3B, United States

Product Complexity (2018): 1.34, Rnk 339 / 4873

Export Growth (CAGR)(2017 - 2018): 7.09%, Rnk 3082 / 4726

Mean Tariff (2018): 3.61%, Rnk 5338 / 6538

Share of World Trade (2018): 0.07%, Rnk 223 / 4726

Overview:  This page contains the latest trade data of Moulds, injection & compression, for rubber or plasti. In 2018, Moulds, injection & compression, for rubber or plasti were the world's 223rd most traded product, with a total trade of $12.9B. Between 2017 and 2018 the exports of Moulds, injection & compression, for rubber or plasti grew by 7.09%, from  $12B to $12.9B. Trade in Moulds, injection & compression, for rubber or plasti represent 0.07% of total world trade.

Exports: In 2018 the top exporters of Moulds, injection & compression, for rubber or plasti  were China ($3.7B), South Korea ($1.25B), Germany ($1.17B), Canada ($1.14B), and Japan ($841M).

Imports: In 2018 the top importers of Moulds, injection & compression, for rubber or plasti were United States ($2.3B), Mexico ($1.22B), Germany ($1.15B), Japan ($590M), and China ($533M).

Tariffs: In 2018 the average tariff for Moulds, injection & compression, for rubber or plasti was 3.61%, been the 5338 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Moulds, injection & compression, for rubber or plasti are Bahamas (40.2%), Argentina (33.4%), Brazil (28.7%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Moulds, injection & compression, for rubber or plasti ranks 339th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.7B

Top Destination (2018): United States, $2.3B

Moulds, injection & compression, for rubber or plasti are the world's 223rd most traded product.

In 2018, the top exporters of Moulds, injection & compression, for rubber or plasti were China ($3.7B), South Korea ($1.25B), Germany ($1.17B), Canada ($1.14B), and Japan ($841M).

In 2018, the top importers of Moulds, injection & compression, for rubber or plasti were United States ($2.3B), Mexico ($1.22B), Germany ($1.15B), Japan ($590M), and China ($533M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Portugal, $275M

Top Destination Growth (2017 - 2018): United States, $261M

Between 2017 and 2018, the exports of Moulds, injection & compression, for rubber or plasti grew the fastest in Portugal ($275M), Italy ($205M), Mexico ($145M), Japan ($122M), and China ($116M).

Between 2017 and 2018, the fastest growing importers of Moulds, injection & compression, for rubber or plasti were United States ($261M), Germany ($142M), Poland ($87.3M), Malaysia ($79.9M), and France ($75.9M).

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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 Moulds, injection & compression, for rubber or plasti.

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Moulds, injection & compression, for rubber or plasti are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $3.17B

TOP NET IMPORTER (2018): United States, $1.66B

This map shows which countries export or import more of Moulds, injection & compression, for rubber or plasti. Each country is colored based on the difference in exports and imports of Moulds, injection & compression, for rubber or plasti during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Moulds, injection & compression, for rubber or plasti were China ($3.17B), South Korea ($1.18B), Canada ($898M), Italy ($578M), and Portugal ($501M).

In 2018, the countries that had a largest trade value in imports than in exports of Moulds, injection & compression, for rubber or plasti were United States ($1.66B), Mexico ($1.01B), Thailand ($313M), Vietnam ($273M), and Hong Kong ($257M).

Trade Forecasts

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This section shows forecasts for total trade for Moulds, injection & compression, for rubber or plasti. 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 Moulds, injection & compression, for rubber or plasti was 3.61%.  The countries with the highest tariffs for importing Moulds, injection & compression, for rubber or plasti were Bahamas (40.2%), Argentina (33.4%), Brazil (28.7%), and Bermuda (25%).

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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.