HS Icon Refractory Cements

3816 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.52B, Rnk 673 / 1225

Top Exporter (2018): $388M, Germany

Top Importer (2018): $159M, Russia

Product Complexity (2018): 0.57, Rnk 344 / 1018

Export Growth (CAGR)(2017 - 2018): 14.3%, Rnk 553 / 1225

Mean Tariff (2018): 4.33%, Rnk 936 / 1259

Share of World Trade (2018): 0.014%, Rnk 673 / 1225

Overview:  This page contains the latest trade data of Refractory Cements. In 2018, Refractory Cements were the world's 673rd most traded product, with a total trade of $2.52B. Between 2017 and 2018 the exports of Refractory Cements grew by 14.3%, from  $2.21B to $2.52B. Trade in Refractory Cements represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Refractory Cements  were Germany ($388M), China ($317M), United States ($235M), Austria ($209M), and France ($133M).

Imports: In 2018 the top importers of Refractory Cements were Russia ($159M), Germany ($119M), United States ($104M), Canada ($94.4M), and Italy ($86.8M).

Tariffs: In 2018 the average tariff for Refractory Cements was 4.33%, been the 936 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Refractory Cements are Angola (50%), Bahamas (40.2%), Bermuda (25%), Tunisia (20%), and Azerbaijan (14.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Refractory Cements ranks 344th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $388M

Top Destination (2018): Russia, $159M

Refractory Cements are the world's 673rd most traded product.

In 2018, the top exporters of Refractory Cements were Germany ($388M), China ($317M), United States ($235M), Austria ($209M), and France ($133M).

In 2018, the top importers of Refractory Cements were Russia ($159M), Germany ($119M), United States ($104M), Canada ($94.4M), and Italy ($86.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $37.6M

Top Destination Growth (2017 - 2018): Ukraine, $20.1M

Between 2017 and 2018, the exports of Refractory Cements grew the fastest in China ($37.6M), Belgium-Luxembourg ($32.9M), Poland ($23.5M), Spain ($21.2M), and Russia ($20M).

Between 2017 and 2018, the fastest growing importers of Refractory Cements were Ukraine ($20.1M), United States ($19.8M), Indonesia ($19.3M), Malaysia ($18.4M), and Poland ($13M).

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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 Refractory Cements.

In 2018,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Refractory Cements are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $286M

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

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

In 2018, the countries that had a largest trade value in exports than in imports of Refractory Cements were China ($286M), Germany ($268M), Austria ($151M), United States ($132M), and Spain ($81.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Refractory Cements were Russia ($116M), Indonesia ($75.8M), Ukraine ($72.5M), Mexico ($70.2M), and Vietnam ($57.1M).

Trade Forecasts

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This section shows forecasts for total trade for Refractory Cements. 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 Refractory Cements was 4.33%.  The countries with the highest tariffs for importing Refractory Cements were Angola (50%), Bahamas (40.2%), Bermuda (25%), Tunisia (20%), and Azerbaijan (14.4%).

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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.