HS Icon Granite, merely cut into blocks etc

251612 (Harmonized System 1992 for 6-digit)

World Trade (2018): $320M, Rnk 3233 / 4726

Top Exporter (2018): $58.3M, India

Top Importer (2018): $43.4M, China

Export Growth (CAGR)(2017 - 2018): -26.7%, Rnk 4593 / 4726

Mean Tariff (2018): 4.83%, Rnk 4267 / 6538

Share of World Trade (2018): 0.0017%, Rnk 3233 / 4726

Overview:  This page contains the latest trade data of Granite, merely cut into blocks etc. In 2018, Granite, merely cut into blocks etc were the world's 3233rd most traded product, with a total trade of $320M. Between 2017 and 2018 the exports of Granite, merely cut into blocks etc decreased by -26.7%, from  $436M to $320M. Trade in Granite, merely cut into blocks etc represent 0.0017% of total world trade.

Exports: In 2018 the top exporters of Granite, merely cut into blocks etc  were India ($58.3M), Brazil ($57.2M), China ($34.9M), Zimbabwe ($22.3M), and Spain ($20.2M).

Imports: In 2018 the top importers of Granite, merely cut into blocks etc were China ($43.4M), Italy ($30.2M), Algeria ($22M), Germany ($18.7M), and Mozambique ($18.2M).

Tariffs: In 2018 the average tariff for Granite, merely cut into blocks etc was 4.83%, been the 4267 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Granite, merely cut into blocks etc are Angola (50%), Bahamas (40.2%), Uzbekistan (28.7%), Thailand (28.4%), and Bermuda (25%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $58.3M

Top Destination (2018): China, $43.4M

Granite, merely cut into blocks etc are the world's 3233rd most traded product.

In 2018, the top exporters of Granite, merely cut into blocks etc were India ($58.3M), Brazil ($57.2M), China ($34.9M), Zimbabwe ($22.3M), and Spain ($20.2M).

In 2018, the top importers of Granite, merely cut into blocks etc were China ($43.4M), Italy ($30.2M), Algeria ($22M), Germany ($18.7M), and Mozambique ($18.2M).

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Market Dynamics

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Trade by country

Value

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

Top Destination Growth (2017 - 2018): Italy, $20.9M

Between 2017 and 2018, the exports of Granite, merely cut into blocks etc grew the fastest in Zimbabwe ($19.5M), Brazil ($16M), India ($12.6M), Spain ($7.2M), and Portugal ($5.69M).

Between 2017 and 2018, the fastest growing importers of Granite, merely cut into blocks etc were Italy ($20.9M), Mozambique ($18.1M), Algeria ($11.9M), Germany ($7.49M), and Canada ($4.75M).

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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 Granite, merely cut into blocks etc.

In 2018,  market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Granite, merely cut into blocks etc are explained by 17 countries.

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TOP NET EXPORTER (2018): Brazil, $57.1M

TOP NET IMPORTER (2018): Germany, $17.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Granite, merely cut into blocks etc were Brazil ($57.1M), India ($52.9M), Zimbabwe ($22.2M), Spain ($13M), and South Africa ($8.15M).

In 2018, the countries that had a largest trade value in imports than in exports of Granite, merely cut into blocks etc were Germany ($17.8M), Mozambique ($17.8M), Nigeria ($14.2M), Chinese Taipei ($13.7M), and Italy ($13.1M).

Trade Forecasts

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This section shows forecasts for total trade for Granite, merely cut into blocks etc. 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 Granite, merely cut into blocks etc was 4.83%.  The countries with the highest tariffs for importing Granite, merely cut into blocks etc were Angola (50%), Bahamas (40.2%), Uzbekistan (28.7%), Thailand (28.4%), 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.