HS Icon Metal Pickling Preparations

3810 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.75B, Rnk 774 / 1225

Top Exporter (2018): $363M, Japan

Top Importer (2018): $228M, China

Product Complexity (2018): 1.74, Rnk 19 / 1018

Export Growth (CAGR)(2017 - 2018): 11.6%, Rnk 691 / 1225

Mean Tariff (2018): 5.31%, Rnk 774 / 1259

Share of World Trade (2018): 0.0095%, Rnk 774 / 1225

Overview: In 2018, Metal Pickling Preparations were the world's 774th most traded product, with a total trade of $1.75B. Between 2017 and 2018 the exports of Metal Pickling Preparations grew by 11.6%, from  $1.56B to $1.75B. Trade in Metal Pickling Preparations represent 0.0095% of total world trade.

Exports: In 2018 the top exporters of Metal Pickling Preparations  were Japan ($363M), United States ($204M), Germany ($198M), South Korea ($115M), and China ($112M).

Imports: In 2018 the top importers of Metal Pickling Preparations were China ($228M), South Korea ($122M), Mexico ($107M), United States ($94.5M), and Vietnam ($90.4M).

Tariffs: In 2018 the average tariff for Metal Pickling Preparations was 5.31%, been the 774 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metal Pickling Preparations are Bahamas (40.2%), Bermuda (25%), Iran (15%), Zambia (13.6%), and Paraguay (13.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Sri Lanka (0%).

Ranking: Metal Pickling Preparations ranks 19th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $363M

Top Destination (2018): China, $228M

Metal Pickling Preparations are the world's 774th most traded product.

In 2018, the top exporters of Metal Pickling Preparations were Japan ($363M), United States ($204M), Germany ($198M), South Korea ($115M), and China ($112M).

In 2018, the top importers of Metal Pickling Preparations were China ($228M), South Korea ($122M), Mexico ($107M), United States ($94.5M), and Vietnam ($90.4M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $38.2M

Top Destination Growth (2017 - 2018): United States, $55.6M

Between 2017 and 2018, the exports of Metal Pickling Preparations grew the fastest in Japan ($38.2M), Germany ($19.7M), United States ($19.1M), Mexico ($16.3M), and China ($15.9M).

Between 2017 and 2018, the fastest growing importers of Metal Pickling Preparations were United States ($55.6M), Germany ($26.3M), Vietnam ($22.2M), China ($14.7M), and Denmark ($13.4M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Metal Pickling Preparations.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Metal Pickling Preparations are explained by 17 countries.

TOP NET EXPORTER (2018): Japan, $343M

TOP NET IMPORTER (2018): China, $116M

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

In 2018, the countries that had a largest trade value in exports than imports of Metal Pickling Preparations were Japan ($343M), Germany ($110M), United States ($110M), Singapore ($74.9M), and United Kingdom ($37.8M).

In 2018, the countries that had a largest trade value in imports than exports of Metal Pickling Preparations were China ($116M), Vietnam ($89.5M), Mexico ($65.7M), Malaysia ($56.3M), and Indonesia ($44M).

Trade Forecasts

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This section shows forecasts for total trade for Metal Pickling Preparations. 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 Metal Pickling Preparations was 5.31%.  The countries with the highest tariffs for importing Metal Pickling Preparations were Bahamas (40.2%), Bermuda (25%), Iran (15%), Zambia (13.6%), and Paraguay (13.4%).

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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.