HS Icon Articles, iron or steel nes, forged/stamped, nfw

732619 (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.

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $767M

Top Destination (2018): Germany, $647M

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $296M

Top Destination Growth (2017 - 2018): Germany, $284M

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).

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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 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.

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TOP NET EXPORTER (2018): Italy, $661M

TOP NET IMPORTER (2018): Germany, $269M

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).

Import Tariffs

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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%).

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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.