HS Icon Prefabricated Buildings

9406 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.85B, Rnk 355 / 1225

Top Exporter (2018): $1.41B, China

Top Importer (2018): $877M, Germany

Product Complexity (2018): 0.076, Rnk 515 / 1018

Export Growth (CAGR)(2017 - 2018): 25.3%, Rnk 226 / 1225

Mean Tariff (2018): 9.68%, Rnk 446 / 1259

Share of World Trade (2018): 0.048%, Rnk 355 / 1225

Overview: In 2018, Prefabricated Buildings were the world's 355th most traded product, with a total trade of $8.85B. Between 2017 and 2018 the exports of Prefabricated Buildings grew by 25.3%, from  $7.07B to $8.85B. Trade in Prefabricated Buildings represent 0.048% of total world trade.

Exports: In 2018 the top exporters of Prefabricated Buildings  were China ($1.41B), Netherlands ($589M), Germany ($503M), United States ($495M), and Estonia ($465M).

Imports: In 2018 the top importers of Prefabricated Buildings were Germany ($877M), Norway ($588M), France ($471M), United States ($415M), and United Kingdom ($367M).

Tariffs: In 2018 the average tariff for Prefabricated Buildings was 9.68%, been the 446 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Prefabricated Buildings are Syria (46%), Bahamas (41.8%), Sudan (35%), Ethiopia (29.7%), and Papua New Guinea (29.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Prefabricated Buildings ranks 515th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.41B

Top Destination (2018): Germany, $877M

Prefabricated Buildings are the world's 355th most traded product.

In 2018, the top exporters of Prefabricated Buildings were China ($1.41B), Netherlands ($589M), Germany ($503M), United States ($495M), and Estonia ($465M).

In 2018, the top importers of Prefabricated Buildings were Germany ($877M), Norway ($588M), France ($471M), United States ($415M), and United Kingdom ($367M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $182M

Top Destination Growth (2017 - 2018): Germany, $290M

Between 2017 and 2018, the exports of Prefabricated Buildings grew the fastest in China ($182M), Slovenia ($137M), Croatia ($119M), Netherlands ($111M), and Germany ($111M).

Between 2017 and 2018, the fastest growing importers of Prefabricated Buildings were Germany ($290M), France ($147M), Uzbekistan ($121M), Egypt ($102M), and United States ($89.6M).

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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 Prefabricated Buildings.

In 2018,  market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Prefabricated Buildings are explained by 30 countries.

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TOP NET EXPORTER (2018): China, $1.31B

TOP NET IMPORTER (2018): Norway, $559M

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

In 2018, the countries that had a largest trade value in exports than in imports of Prefabricated Buildings were China ($1.31B), Estonia ($449M), Netherlands ($349M), Czechia ($344M), and Italy ($265M).

In 2018, the countries that had a largest trade value in imports than in exports of Prefabricated Buildings were Norway ($559M), Germany ($374M), Switzerland ($244M), France ($237M), and United Kingdom ($205M).

Trade Forecasts

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This section shows forecasts for total trade for Prefabricated Buildings. 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 Prefabricated Buildings was 9.68%.  The countries with the highest tariffs for importing Prefabricated Buildings were Syria (46%), Bahamas (41.8%), Sudan (35%), Ethiopia (29.7%), and Papua New Guinea (29.7%).

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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.