HS Icon Granite

2516 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.7B, Rnk 782 / 1225

Top Exporter (2018): $749M, India

Top Importer (2018): $574M, China

Product Complexity (2018): -1.54, Rnk 944 / 1018

Export Growth (CAGR)(2017 - 2018): -10.4%, Rnk 1180 / 1225

Mean Tariff (2018): 4.29%, Rnk 939 / 1259

Share of World Trade (2018): 0.0093%, Rnk 782 / 1225

Overview: In 2018, Granite were the world's 782nd most traded product, with a total trade of $1.7B. Between 2017 and 2018 the exports of Granite decreased by -10.4%, from  $1.9B to $1.7B. Trade in Granite represent 0.0093% of total world trade.

Exports: In 2018 the top exporters of Granite  were India ($749M), Norway ($169M), Brazil ($78.9M), China ($77.8M), and South Africa ($67M).

Imports: In 2018 the top importers of Granite were China ($574M), United Kingdom ($181M), Italy ($137M), Germany ($59M), and Chinese Taipei ($54.9M).

Tariffs: In 2018 the average tariff for Granite was 4.29%, been the 939 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Granite are Angola (50%), Bahamas (36.6%), Uzbekistan (28.7%), Bermuda (25%), and Bangladesh (21.6%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Granite ranks 944th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): India, $749M

Top Destination (2018): China, $574M

Granite are the world's 782nd most traded product.

In 2018, the top exporters of Granite were India ($749M), Norway ($169M), Brazil ($78.9M), China ($77.8M), and South Africa ($67M).

In 2018, the top importers of Granite were China ($574M), United Kingdom ($181M), Italy ($137M), Germany ($59M), and Chinese Taipei ($54.9M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Zimbabwe, $19.5M

Top Destination Growth (2017 - 2018): Mozambique, $18.2M

Between 2017 and 2018, the exports of Granite grew the fastest in Zimbabwe ($19.5M), Spain ($18M), China ($13.6M), United States ($13.4M), and Sweden ($12.9M).

Between 2017 and 2018, the fastest growing importers of Granite were Mozambique ($18.2M), Denmark ($17.7M), Canada ($14.4M), Germany ($13.8M), and Maldives ($13.7M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Granite.

In 2018,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Granite are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): India, $724M

TOP NET IMPORTER (2018): China, $497M

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

In 2018, the countries that had a largest trade value in exports than in imports of Granite were India ($724M), Norway ($163M), Brazil ($78.2M), South Africa ($62.6M), and Zimbabwe ($33.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Granite were China ($497M), United Kingdom ($175M), Italy ($88.8M), Chinese Taipei ($54.4M), and Germany ($44.2M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Granite. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Granite was 4.29%.  The countries with the highest tariffs for importing Granite were Angola (50%), Bahamas (36.6%), Uzbekistan (28.7%), Bermuda (25%), and Bangladesh (21.6%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.