HS Icon Aluminium oxide, except artificial corundum

281820 (Harmonized System 1992 for 6-digit)

World Trade (2018): $16.4B, Rnk 166 / 4726

Top Exporter (2018): $6.43B, Australia

Top Importer (2018): $1.75B, Canada

Product Complexity (2018): -1.23, Rnk 4238 / 4873

Export Growth (CAGR)(2017 - 2018): 36.9%, Rnk 563 / 4726

Mean Tariff (2018): 3%, Rnk 5718 / 6538

Share of World Trade (2018): 0.089%, Rnk 166 / 4726

Overview: In 2018, Aluminium oxide, except artificial corundum were the world's 166th most traded product, with a total trade of $16.4B. Between 2017 and 2018 the exports of Aluminium oxide, except artificial corundum grew by 36.9%, from  $11.9B to $16.4B. Trade in Aluminium oxide, except artificial corundum represent 0.089% of total world trade.

Exports: In 2018 the top exporters of Aluminium oxide, except artificial corundum  were Australia ($6.43B), Brazil ($2.6B), Ireland ($827M), China ($799M), and Jamaica ($675M).

Imports: In 2018 the top importers of Aluminium oxide, except artificial corundum were Canada ($1.75B), United Arab Emirates ($1.72B), Russia ($1.72B), India ($1.23B), and Norway ($852M).

Tariffs: In 2018 the average tariff for Aluminium oxide, except artificial corundum was 3%, been the 5718 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aluminium oxide, except artificial corundum are Bahamas (41.8%), Bermuda (25%), Jamaica (15%), Maldives (14.7%), and Trinidad and Tobago (14.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Aluminium oxide, except artificial corundum ranks 4238th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Australia, $6.43B

Top Destination (2018): Canada, $1.75B

Aluminium oxide, except artificial corundum are the world's 166th most traded product.

In 2018, the top exporters of Aluminium oxide, except artificial corundum were Australia ($6.43B), Brazil ($2.6B), Ireland ($827M), China ($799M), and Jamaica ($675M).

In 2018, the top importers of Aluminium oxide, except artificial corundum were Canada ($1.75B), United Arab Emirates ($1.72B), Russia ($1.72B), India ($1.23B), and Norway ($852M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Australia, $2.53B

Top Destination Growth (2017 - 2018): United Arab Emirates, $1.27B

Between 2017 and 2018, the exports of Aluminium oxide, except artificial corundum grew the fastest in Australia ($2.53B), China ($656M), India ($192M), Ireland ($186M), and Vietnam ($148M).

Between 2017 and 2018, the fastest growing importers of Aluminium oxide, except artificial corundum were United Arab Emirates ($1.27B), Bahrain ($761M), India ($475M), Russia ($364M), and United States ($275M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Aluminium oxide, except artificial corundum.

In 2018,  market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Aluminium oxide, except artificial corundum are explained by 10 countries.

TOP NET EXPORTER (2018): Australia, $6.42B

TOP NET IMPORTER (2018): United Arab Emirates, $1.72B

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

In 2018, the countries that had a largest trade value in exports than imports of Aluminium oxide, except artificial corundum were Australia ($6.42B), Brazil ($2.58B), Ireland ($825M), Jamaica ($675M), and Ukraine ($544M).

In 2018, the countries that had a largest trade value in imports than exports of Aluminium oxide, except artificial corundum were United Arab Emirates ($1.72B), Canada ($1.7B), Russia ($1.66B), Norway ($851M), and Bahrain ($799M).

Trade Forecasts

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This section shows forecasts for total trade for Aluminium oxide, except artificial corundum. 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, except artificial corundum was 3%.  The countries with the highest tariffs for importing Aluminium oxide, except artificial corundum were Bahamas (41.8%), Bermuda (25%), Jamaica (15%), Maldives (14.7%), and Trinidad and Tobago (14.2%).

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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.