Building Stone6802 (Harmonized System 1992 for 4-digit)
2019 World Trade: $10.8B, Rnk 306 / 1217
2019 Top Exporter | Top Importer: $4.12B | $2.46B, China | United States
2019 Product Complexity: -1.08, Rnk 794 / 961
2018 - 2019 Export Growth (CAGR): -8.75%, Rnk 919 / 1217
2018 Mean Tariff: 13.6%, Rnk 245 / 1259
2019 Share of World Trade: 0.059%, Rnk 306 / 1217
Overview: This page contains the latest trade data of Building Stone. In 2019, Building Stone were the world's 306th most traded product, with a total trade of $10.8B. Between 2018 and 2019 the exports of Building Stone decreased by -8.75%, from $11.8B to $10.8B. Trade in Building Stone represent 0.059% of total world trade.
Exports: In 2019 the top exporters of Building Stone were China ($4.12B), Italy ($1.48B), India ($1.08B), Turkey ($874M), and Brazil ($776M).
Imports: In 2019 the top importers of Building Stone were United States ($2.46B), South Korea ($884M), Japan ($492M), Germany ($460M), and Saudi Arabia ($406M).
Tariffs: In 2018 the average tariff for Building Stone was 13.6%, making it the 245th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Building Stone are Iran (50%), Angola (47.5%), Sudan (35%), Zimbabwe (33.6%), and Syria (33.3%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).
Ranking: Building Stone ranks 794th in the Product Complexity Index (PCI).
Description: Monuments and building stones are used to build things like monuments, buildings, and other structures. They can be made from a variety of materials, including granite, marble, limestone, sandstone, slate, and quartzite.
Trade By Country
Top Origin (2019): China, $4.12B
Top Destination (2019): United States, $2.46B
Building Stone are the world's 306th most traded product.
In 2019, the top exporters of Building Stone were China ($4.12B), Italy ($1.48B), India ($1.08B), Turkey ($874M), and Brazil ($776M).
In 2019, the top importers of Building Stone were United States ($2.46B), South Korea ($884M), Japan ($492M), Germany ($460M), and Saudi Arabia ($406M).
Trade by country
Top Origin Growth (2018 - 2019): Brazil, $46.9M
Top Destination Growth (2018 - 2019): Vietnam, $32.9M
Between 2018 and 2019, the exports of Building Stone grew the fastest in Brazil ($46.9M), Turkey ($38.1M), Vietnam ($12M), India ($4.3M), and Namibia ($3.49M).
Between 2018 and 2019, the fastest growing importers of Building Stone were Vietnam ($32.9M), Libya ($28.8M), Turkmenistan ($25.7M), Cambodia ($23.6M), and Singapore ($19.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Building Stone.
In 2019, market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Building Stone are explained by 10 countries.
TOP NET EXPORTER (2019): China, $4.01B
TOP NET IMPORTER (2019): United States, $2.39B
This map shows which countries export or import more of Building Stone. Each country is colored based on the difference in exports and imports of Building Stone during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Building Stone were China ($4.01B), Italy ($1.38B), India ($995M), Turkey ($794M), and Brazil ($755M).
In 2019, the countries that had a largest trade value in imports than in exports of Building Stone were United States ($2.39B), South Korea ($876M), Japan ($485M), Saudi Arabia ($400M), and Germany ($352M).
In 2019, the world most traded Building Stone, disaggragated by their HS6 level were Worked granite ($3.87B), Worked marble, travertine and alabaster ($2.95B), Cut or sawn slabs of marble,... ($1.25B), Cut or sawn slabs of granite ($1.03B), and Worked monumental or building stone nes ($786M)
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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