HS Icon Balls, iron/steel, forged/stamped for grinding mills

732611 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.2B, Rnk 1831 / 4726

Top Exporter (2018): $670M, China

Top Importer (2018): $178M, Chile

Product Complexity (2018): -1.73, Rnk 2544 / 2722

Export Growth (CAGR)(2017 - 2018): 9.98%, Rnk 2668 / 4726

Mean Tariff (2018): 6.7%, Rnk 3323 / 6538

Share of World Trade (2018): 0.0065%, Rnk 1831 / 4726

Overview:  This page contains the latest trade data of Balls, iron/steel, forged/stamped for grinding mills. In 2018, Balls, iron/steel, forged/stamped for grinding mills were the world's 1831st most traded product, with a total trade of $1.2B. Between 2017 and 2018 the exports of Balls, iron/steel, forged/stamped for grinding mills grew by 9.98%, from  $1.09B to $1.2B. Trade in Balls, iron/steel, forged/stamped for grinding mills represent 0.0065% of total world trade.

Exports: In 2018 the top exporters of Balls, iron/steel, forged/stamped for grinding mills  were China ($670M), Chile ($113M), Spain ($68.5M), United States ($62.6M), and South Africa ($51.1M).

Imports: In 2018 the top importers of Balls, iron/steel, forged/stamped for grinding mills were Chile ($178M), Brazil ($95M), Zambia ($66.2M), Peru ($65.7M), and United States ($58.5M).

Tariffs: In 2018 the average tariff for Balls, iron/steel, forged/stamped for grinding mills was 6.7%, been the 3323 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Balls, iron/steel, forged/stamped for grinding mills are Bahamas (40.2%), Bermuda (25%), Zambia (22.7%), Sudan (21.9%), and Ecuador (21.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Balls, iron/steel, forged/stamped for grinding mills ranks 2544th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $670M

Top Destination (2018): Chile, $178M

Balls, iron/steel, forged/stamped for grinding mills are the world's 1831st most traded product.

In 2018, the top exporters of Balls, iron/steel, forged/stamped for grinding mills were China ($670M), Chile ($113M), Spain ($68.5M), United States ($62.6M), and South Africa ($51.1M).

In 2018, the top importers of Balls, iron/steel, forged/stamped for grinding mills were Chile ($178M), Brazil ($95M), Zambia ($66.2M), Peru ($65.7M), and United States ($58.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $94.3M

Top Destination Growth (2017 - 2018): Burkina Faso, $24.9M

Between 2017 and 2018, the exports of Balls, iron/steel, forged/stamped for grinding mills grew the fastest in China ($94.3M), Thailand ($11.5M), Italy ($8.12M), Ukraine ($7.62M), and Spain ($7.18M).

Between 2017 and 2018, the fastest growing importers of Balls, iron/steel, forged/stamped for grinding mills were Burkina Faso ($24.9M), Chile ($24.3M), Kazakhstan ($18.6M), Laos ($17M), and Australia ($14.7M).

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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 Balls, iron/steel, forged/stamped for grinding mills.

In 2018,  market concentration measured using Shannon Entropy, was 2.75. This means that most of the exports of Balls, iron/steel, forged/stamped for grinding mills are explained by 6 countries.

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TOP NET EXPORTER (2018): China, $667M

TOP NET IMPORTER (2018): Brazil, $94.8M

This map shows which countries export or import more of Balls, iron/steel, forged/stamped for grinding mills. Each country is colored based on the difference in exports and imports of Balls, iron/steel, forged/stamped for grinding mills during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Balls, iron/steel, forged/stamped for grinding mills were China ($667M), Spain ($65.6M), Italy ($25.8M), South Africa ($21.5M), and Russia ($18.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Balls, iron/steel, forged/stamped for grinding mills were Brazil ($94.8M), Chile ($65M), Zambia ($58.9M), Peru ($52.2M), and Ghana ($50.7M).

Import Tariffs

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In 2018, the average tariff for importing Balls, iron/steel, forged/stamped for grinding mills was 6.7%.  The countries with the highest tariffs for importing Balls, iron/steel, forged/stamped for grinding mills were Bahamas (40.2%), Bermuda (25%), Zambia (22.7%), Sudan (21.9%), and Ecuador (21.4%).

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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.