Aluminium Bars7604 (Harmonized System 1992 for 4-digit)
World Trade (2018): $18.8B, Rnk 194 / 1225
Top Exporter (2018): $2.79B, China
Top Importer (2018): $2.65B, Germany
Product Complexity (2018): -0.018, Rnk 555 / 1018
Export Growth (CAGR)(2017 - 2018): 32.7%, Rnk 148 / 1225
Mean Tariff (2018): 6.87%, Rnk 623 / 1259
Share of World Trade (2018): 0.1%, Rnk 194 / 1225
Overview: This page contains the latest trade data of Aluminium Bars. In 2018, Aluminium Bars were the world's 194th most traded product, with a total trade of $18.8B. Between 2017 and 2018 the exports of Aluminium Bars grew by 32.7%, from $14.2B to $18.8B. Trade in Aluminium Bars represent 0.1% of total world trade.
Exports: In 2018 the top exporters of Aluminium Bars were China ($2.79B), Germany ($1.95B), Spain ($1.15B), Mozambique ($1.05B), and Italy ($1.04B).
Imports: In 2018 the top importers of Aluminium Bars were Germany ($2.65B), Netherlands ($1.84B), United States ($1.27B), France ($1.27B), and United Kingdom ($759M).
Tariffs: In 2018 the average tariff for Aluminium Bars was 6.87%, been the 623 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Aluminium Bars are Bahamas (41.2%), Malaysia (25%), Bermuda (25%), Sri Lanka (24.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Aluminium Bars ranks 555th in the Product Complexity Index (PCI).
Trade By Country
Aluminium Bars are the world's 194th most traded product.
In 2018, the top exporters of Aluminium Bars were China ($2.79B), Germany ($1.95B), Spain ($1.15B), Mozambique ($1.05B), and Italy ($1.04B).
In 2018, the top importers of Aluminium Bars were Germany ($2.65B), Netherlands ($1.84B), United States ($1.27B), France ($1.27B), and United Kingdom ($759M).
Trade by country
Top Origin Growth (2017 - 2018): Mozambique, $1.05B
Top Destination Growth (2017 - 2018): Netherlands, $1.3B
Between 2017 and 2018, the exports of Aluminium Bars grew the fastest in Mozambique ($1.05B), China ($547M), Germany ($386M), Spain ($270M), and Italy ($193M).
Between 2017 and 2018, the fastest growing importers of Aluminium Bars were Netherlands ($1.3B), Germany ($556M), France ($227M), United States ($209M), and Vietnam ($194M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Aluminium Bars.
In 2018, market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Aluminium Bars are explained by 30 countries.
TOP NET EXPORTER (2018): China, $2.56B
TOP NET IMPORTER (2018): Netherlands, $1.35B
This map shows which countries export or import more of Aluminium Bars. Each country is colored based on the difference in exports and imports of Aluminium Bars during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Aluminium Bars were China ($2.56B), Mozambique ($1.04B), Turkey ($744M), Spain ($733M), and Italy ($669M).
In 2018, the countries that had a largest trade value in imports than in exports of Aluminium Bars were Netherlands ($1.35B), France ($915M), Germany ($698M), United Kingdom ($597M), and Mexico ($355M).
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.
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