HS Icon Aluminium Oxide

2818 (Harmonized System 1992 for 4-digit)

World Trade (2018): $19.5B, Rnk 190 / 1225

Top Exporter (2018): $6.66B, Australia

Top Importer (2018): $1.78B, United Arab Emirates

Product Complexity (2018): -1.11, Rnk 844 / 1018

Export Growth (CAGR)(2017 - 2018): 33.9%, Rnk 140 / 1225

Mean Tariff (2018): 3.49%, Rnk 1080 / 1259

Share of World Trade (2018): 0.11%, Rnk 190 / 1225

Overview: In 2018, Aluminium Oxide were the world's 190th most traded product, with a total trade of $19.5B. Between 2017 and 2018 the exports of Aluminium Oxide grew by 33.9%, from  $14.6B to $19.5B. Trade in Aluminium Oxide represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Aluminium Oxide  were Australia ($6.66B), Brazil ($2.86B), China ($1.62B), Germany ($869M), and Ireland ($866M).

Imports: In 2018 the top importers of Aluminium Oxide were United Arab Emirates ($1.78B), Canada ($1.78B), Russia ($1.77B), India ($1.31B), and United States ($1.2B).

Tariffs: In 2018 the average tariff for Aluminium Oxide was 3.49%, been the 1080 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Aluminium Oxide are Bahamas (40.7%), Bermuda (25%), Iran (18.4%), Maldives (14.7%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Aluminium Oxide ranks 844th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Australia, $6.66B

Top Destination (2018): United Arab Emirates, $1.78B

Aluminium Oxide are the world's 190th most traded product.

In 2018, the top exporters of Aluminium Oxide were Australia ($6.66B), Brazil ($2.86B), China ($1.62B), Germany ($869M), and Ireland ($866M).

In 2018, the top importers of Aluminium Oxide were United Arab Emirates ($1.78B), Canada ($1.78B), Russia ($1.77B), India ($1.31B), and United States ($1.2B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Australia, $2.61B

Top Destination Growth (2017 - 2018): United Arab Emirates, $1.31B

Between 2017 and 2018, the exports of Aluminium Oxide grew the fastest in Australia ($2.61B), China ($798M), Ireland ($203M), India ($198M), and Vietnam ($156M).

Between 2017 and 2018, the fastest growing importers of Aluminium Oxide were United Arab Emirates ($1.31B), Bahrain ($761M), India ($516M), Russia ($362M), and United States ($353M).

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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 Oxide.

In 2018,  market concentration measured using Shannon Entropy, was 3.67. This means that most of the exports of Aluminium Oxide are explained by 12 countries.

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TOP NET EXPORTER (2018): Australia, $6.65B

TOP NET IMPORTER (2018): United Arab Emirates, $1.78B

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

In 2018, the countries that had a largest trade value in exports than in imports of Aluminium Oxide were Australia ($6.65B), Brazil ($2.81B), China ($1.19B), Ireland ($860M), and Jamaica ($688M).

In 2018, the countries that had a largest trade value in imports than in exports of Aluminium Oxide were United Arab Emirates ($1.78B), Canada ($1.67B), Russia ($1.66B), Norway ($875M), and Bahrain ($773M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium Oxide. 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 Oxide was 3.49%.  The countries with the highest tariffs for importing Aluminium Oxide were Bahamas (40.7%), Bermuda (25%), Iran (18.4%), Maldives (14.7%), and Aruba (12%).

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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.