Articles, iron or steel nes, forged/stamped, nfw (HS: 732619) Product Trade, Exporters and Importers Articles, iron or steel nes, forged/stamped, nfw732619 (Harmonized System 1992 for 6-digit)
World Trade (2018): $4.21B, Rnk 753 / 4726
Top Exporter (2018): $767M, Italy
Top Importer (2018): $647M, Germany
Product Complexity (2018): 0.4, Rnk 1100 / 2722
Export Growth (CAGR)(2017 - 2018): 27.6%, Rnk 908 / 4726
Mean Tariff (2018): 8.52%, Rnk 2689 / 6538
Share of World Trade (2018): 0.023%, Rnk 753 / 4726
Overview: This page contains the latest trade data of Articles, iron or steel nes, forged/stamped, nfw. In 2018, Articles, iron or steel nes, forged/stamped, nfw were the world's 753rd most traded product, with a total trade of $4.21B. Between 2017 and 2018 the exports of Articles, iron or steel nes, forged/stamped, nfw grew by 27.6%, from $3.3B to $4.21B. Trade in Articles, iron or steel nes, forged/stamped, nfw represent 0.023% of total world trade.
Exports: In 2018 the top exporters of Articles, iron or steel nes, forged/stamped, nfw were Italy ($767M), United States ($436M), China ($408M), Germany ($378M), and France ($233M).
Imports: In 2018 the top importers of Articles, iron or steel nes, forged/stamped, nfw were Germany ($647M), United States ($535M), Mexico ($276M), France ($233M), and Canada ($182M).
Tariffs: In 2018 the average tariff for Articles, iron or steel nes, forged/stamped, nfw was 8.52%, making it the 2689th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Articles, iron or steel nes, forged/stamped, nfw are Bahamas (41.4%), Fiji (31.1%), Bangladesh (25%), Bermuda (25%), and Ecuador (22.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Indonesia (0%), and Japan (0%).
Ranking: Articles, iron or steel nes, forged/stamped, nfw ranks 1100th in the Product Complexity Index (PCI).
Description: Many types of articles are made from iron or steel, and many are forged or stamped. Cast iron is another type of iron used in articles.
Trade By Country
Articles, iron or steel nes, forged/stamped, nfw are the world's 753rd most traded product.
In 2018, the top exporters of Articles, iron or steel nes, forged/stamped, nfw were Italy ($767M), United States ($436M), China ($408M), Germany ($378M), and France ($233M).
In 2018, the top importers of Articles, iron or steel nes, forged/stamped, nfw were Germany ($647M), United States ($535M), Mexico ($276M), France ($233M), and Canada ($182M).
Trade by country
Between 2017 and 2018, the exports of Articles, iron or steel nes, forged/stamped, nfw grew the fastest in Italy ($296M), Germany ($172M), France ($87.1M), India ($84.7M), and Czechia ($68.1M).
Between 2017 and 2018, the fastest growing importers of Articles, iron or steel nes, forged/stamped, nfw were Germany ($284M), United States ($133M), Japan ($45.6M), Czechia ($43M), and Canada ($40.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Articles, iron or steel nes, forged/stamped, nfw.
In 2018, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Articles, iron or steel nes, forged/stamped, nfw are explained by 20 countries.
This map shows which countries export or import more of Articles, iron or steel nes, forged/stamped, nfw. Each country is colored based on the difference in exports and imports of Articles, iron or steel nes, forged/stamped, nfw during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Articles, iron or steel nes, forged/stamped, nfw were Italy ($661M), China ($259M), India ($154M), Czechia ($111M), and Spain ($73.8M).
In 2018, the countries that had a largest trade value in imports than in exports of Articles, iron or steel nes, forged/stamped, nfw were Germany ($269M), United States ($98.3M), Canada ($89.3M), Indonesia ($73.5M), and Romania ($68.9M).
In 2018, the average tariff for importing Articles, iron or steel nes, forged/stamped, nfw was 8.52%. The countries with the highest tariffs for importing Articles, iron or steel nes, forged/stamped, nfw were Bahamas (41.4%), Fiji (31.1%), Bangladesh (25%), Bermuda (25%), and Ecuador (22.4%).
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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