HS Icon Aluminium Ore

2606 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.05B, Rnk 499 / 1225

Top Exporter (2018): $2.53B, Guinea

Top Importer (2018): $3.46B, China

Product Complexity (2018): -1.72, Rnk 973 / 1018

Export Growth (CAGR)(2017 - 2018): 25.9%, Rnk 221 / 1225

Mean Tariff (2018): 2.25%, Rnk 1207 / 1259

Share of World Trade (2018): 0.027%, Rnk 499 / 1225

Overview: In 2018, Aluminium Ore were the world's 499th most traded product, with a total trade of $5.05B. Between 2017 and 2018 the exports of Aluminium Ore grew by 25.9%, from  $4.01B to $5.05B. Trade in Aluminium Ore represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Aluminium Ore  were Guinea ($2.53B), Australia ($1.01B), Brazil ($276M), Indonesia ($275M), and Guyana ($207M).

Imports: In 2018 the top importers of Aluminium Ore were China ($3.46B), Ukraine ($188M), Ireland ($185M), Spain ($166M), and United States ($161M).

Tariffs: In 2018 the average tariff for Aluminium Ore was 2.25%, been the 1207 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Aluminium Ore are Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Jamaica (10%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Aluminium Ore ranks 973rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Guinea, $2.53B

Top Destination (2018): China, $3.46B

Aluminium Ore are the world's 499th most traded product.

In 2018, the top exporters of Aluminium Ore were Guinea ($2.53B), Australia ($1.01B), Brazil ($276M), Indonesia ($275M), and Guyana ($207M).

In 2018, the top importers of Aluminium Ore were China ($3.46B), Ukraine ($188M), Ireland ($185M), Spain ($166M), and United States ($161M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Guinea, $782M

Top Destination Growth (2017 - 2018): China, $802M

Between 2017 and 2018, the exports of Aluminium Ore grew the fastest in Guinea ($782M), Indonesia ($210M), Brazil ($87.5M), Guyana ($51.9M), and Australia ($51.4M).

Between 2017 and 2018, the fastest growing importers of Aluminium Ore were China ($802M), Canada ($121M), Spain ($43.1M), Germany ($34.1M), and Romania ($23M).

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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 Aluminium Ore.

In 2018,  market concentration measured using Shannon Entropy, was 2.6. This means that most of the exports of Aluminium Ore are explained by 6 countries.

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TOP NET EXPORTER (2018): Guinea, $2.53B

TOP NET IMPORTER (2018): China, $3.29B

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

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium Ore were Guinea ($2.53B), Australia ($1.01B), Indonesia ($274M), Brazil ($271M), and Guyana ($207M).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium Ore were China ($3.29B), Ukraine ($188M), Ireland ($183M), Spain ($159M), and United States ($154M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium Ore. 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 Aluminium Ore was 2.25%.  The countries with the highest tariffs for importing Aluminium Ore were Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Jamaica (10%).

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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.