HS Icon Granulated Slag

2618 (Harmonized System 1992 for 4-digit)

World Trade (2018): $808M, Rnk 953 / 1225

Top Exporter (2018): $247M, South Africa

Top Importer (2018): $236M, United States

Product Complexity (2018): -0.34, Rnk 649 / 1018

Export Growth (CAGR)(2017 - 2018): 17.3%, Rnk 414 / 1225

Mean Tariff (2018): 2.59%, Rnk 1174 / 1259

Share of World Trade (2018): 0.0044%, Rnk 953 / 1225

Overview:  This page contains the latest trade data of Granulated Slag. In 2018, Granulated Slag were the world's 953rd most traded product, with a total trade of $808M. Between 2017 and 2018 the exports of Granulated Slag grew by 17.3%, from  $689M to $808M. Trade in Granulated Slag represent 0.0044% of total world trade.

Exports: In 2018 the top exporters of Granulated Slag  were South Africa ($247M), Japan ($117M), India ($57.7M), China ($52.3M), and Germany ($40.9M).

Imports: In 2018 the top importers of Granulated Slag were United States ($236M), United Kingdom ($77.3M), United Arab Emirates ($67M), Bangladesh ($44.4M), and Singapore ($39.4M).

Tariffs: In 2018 the average tariff for Granulated Slag was 2.59%, been the 1174 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Granulated Slag are Bahamas (41.8%), Bermuda (25%), Aruba (12%), Jamaica (10%), and Angola (10%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Granulated Slag ranks 649th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Africa, $247M

Top Destination (2018): United States, $236M

Granulated Slag are the world's 953rd most traded product.

In 2018, the top exporters of Granulated Slag were South Africa ($247M), Japan ($117M), India ($57.7M), China ($52.3M), and Germany ($40.9M).

In 2018, the top importers of Granulated Slag were United States ($236M), United Kingdom ($77.3M), United Arab Emirates ($67M), Bangladesh ($44.4M), and Singapore ($39.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $27.3M

Top Destination Growth (2017 - 2018): United Arab Emirates, $33.9M

Between 2017 and 2018, the exports of Granulated Slag grew the fastest in India ($27.3M), Japan ($15.1M), Vietnam ($14.7M), South Africa ($12.6M), and Spain ($11.3M).

Between 2017 and 2018, the fastest growing importers of Granulated Slag were United Arab Emirates ($33.9M), United Kingdom ($33.4M), United States ($24.4M), Bangladesh ($23.4M), and Chinese Taipei ($13.5M).

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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 Granulated Slag.

In 2018,  market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Granulated Slag are explained by 14 countries.

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TOP NET EXPORTER (2018): South Africa, $247M

TOP NET IMPORTER (2018): United States, $232M

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

In 2018, the countries that had a largest trade value in exports than in imports of Granulated Slag were South Africa ($247M), Japan ($102M), India ($54.2M), China ($51.5M), and Spain ($34.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Granulated Slag were United States ($232M), United Kingdom ($75.9M), United Arab Emirates ($60.4M), Bangladesh ($44M), and Singapore ($37.6M).

Trade Forecasts

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This section shows forecasts for total trade for Granulated Slag. 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 Granulated Slag was 2.59%.  The countries with the highest tariffs for importing Granulated Slag were Bahamas (41.8%), Bermuda (25%), Aruba (12%), Jamaica (10%), and Angola (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.