HS Icon Copper Housewares

7418 (Harmonized System 1992 for 4-digit)

World Trade (2018): $755M, Rnk 963 / 1225

Top Exporter (2018): $312M, China

Top Importer (2018): $121M, United States

Product Complexity (2018): 0.51, Rnk 370 / 1018

Export Growth (CAGR)(2017 - 2018): 1.77%, Rnk 1050 / 1225

Mean Tariff (2018): 12.6%, Rnk 290 / 1259

Share of World Trade (2018): 0.0041%, Rnk 963 / 1225

Overview:  This page contains the latest trade data of Copper Housewares. In 2018, Copper Housewares were the world's 963rd most traded product, with a total trade of $755M. Between 2017 and 2018 the exports of Copper Housewares grew by 1.77%, from  $742M to $755M. Trade in Copper Housewares represent 0.0041% of total world trade.

Exports: In 2018 the top exporters of Copper Housewares  were China ($312M), Germany ($113M), Italy ($38.2M), Chinese Taipei ($38M), and India ($35.9M).

Imports: In 2018 the top importers of Copper Housewares were United States ($121M), Germany ($73.8M), United Kingdom ($53.1M), Australia ($39M), and France ($31M).

Tariffs: In 2018 the average tariff for Copper Housewares was 12.6%, been the 290 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Copper Housewares are Syria (46%), Bahamas (41.3%), Iran (40%), Zimbabwe (36.5%), and Cambodia (35%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Copper Housewares ranks 370th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $312M

Top Destination (2018): United States, $121M

Copper Housewares are the world's 963rd most traded product.

In 2018, the top exporters of Copper Housewares were China ($312M), Germany ($113M), Italy ($38.2M), Chinese Taipei ($38M), and India ($35.9M).

In 2018, the top importers of Copper Housewares were United States ($121M), Germany ($73.8M), United Kingdom ($53.1M), Australia ($39M), and France ($31M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $15M

Top Destination Growth (2017 - 2018): Canada, $8.02M

Between 2017 and 2018, the exports of Copper Housewares grew the fastest in Thailand ($15M), Chinese Taipei ($9.65M), United Kingdom ($4.16M), United Arab Emirates ($2.77M), and United States ($2.74M).

Between 2017 and 2018, the fastest growing importers of Copper Housewares were Canada ($8.02M), France ($5.5M), Thailand ($4.55M), United States ($3.99M), and Germany ($2.98M).

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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 Copper Housewares.

In 2018,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Copper Housewares are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $296M

TOP NET IMPORTER (2018): United States, $113M

This map shows which countries export or import more of Copper Housewares. Each country is colored based on the difference in exports and imports of Copper Housewares during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Copper Housewares were China ($296M), Germany ($39M), Chinese Taipei ($32.2M), India ($24.2M), and Philippines ($13.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Copper Housewares were United States ($113M), Australia ($38.3M), United Kingdom ($34.3M), Japan ($22.7M), and Canada ($17.7M).

Import Tariffs

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In 2018, the average tariff for importing Copper Housewares was 12.6%.  The countries with the highest tariffs for importing Copper Housewares were Syria (46%), Bahamas (41.3%), Iran (40%), Zimbabwe (36.5%), and Cambodia (35%).

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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.