HS Icon Fittings for plastic tube, pipe or hose

391740 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.71B, Rnk 484 / 4726

Top Exporter (2018): $1.48B, Germany

Top Importer (2018): $614M, Germany

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 2256 / 4726

Mean Tariff (2018): 7.85%, Rnk 2892 / 6538

Share of World Trade (2018): 0.037%, Rnk 484 / 4726

Overview:  This page contains the latest trade data of Fittings for plastic tube, pipe or hose. In 2018, Fittings for plastic tube, pipe or hose were the world's 484th most traded product, with a total trade of $6.71B. Between 2017 and 2018 the exports of Fittings for plastic tube, pipe or hose grew by 12.7%, from  $5.96B to $6.71B. Trade in Fittings for plastic tube, pipe or hose represent 0.037% of total world trade.

Exports: In 2018 the top exporters of Fittings for plastic tube, pipe or hose  were Germany ($1.48B), United States ($749M), China ($673M), Italy ($439M), and Switzerland ($287M).

Imports: In 2018 the top importers of Fittings for plastic tube, pipe or hose were Germany ($614M), United States ($577M), Mexico ($429M), China ($311M), and France ($284M).

Tariffs: In 2018 the average tariff for Fittings for plastic tube, pipe or hose was 7.85%, been the 2892 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Fittings for plastic tube, pipe or hose are Sudan (35%), Bahamas (32.8%), Fiji (31.1%), Sri Lanka (30%), and Nepal (30%). The countries with the lowest tariffs are Angola (0%), Zambia (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.48B

Top Destination (2018): Germany, $614M

Fittings for plastic tube, pipe or hose are the world's 484th most traded product.

In 2018, the top exporters of Fittings for plastic tube, pipe or hose were Germany ($1.48B), United States ($749M), China ($673M), Italy ($439M), and Switzerland ($287M).

In 2018, the top importers of Fittings for plastic tube, pipe or hose were Germany ($614M), United States ($577M), Mexico ($429M), China ($311M), and France ($284M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $191M

Top Destination Growth (2017 - 2018): Canada, $156M

Between 2017 and 2018, the exports of Fittings for plastic tube, pipe or hose grew the fastest in United States ($191M), Germany ($168M), China ($105M), France ($49.4M), and Mexico ($29.8M).

Between 2017 and 2018, the fastest growing importers of Fittings for plastic tube, pipe or hose were Canada ($156M), United States ($98.3M), China ($39.2M), Spain ($36.5M), and United Kingdom ($35.6M).

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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 Fittings for plastic tube, pipe or hose.

In 2018,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Fittings for plastic tube, pipe or hose are explained by 22 countries.

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TOP NET EXPORTER (2018): Germany, $862M

TOP NET IMPORTER (2018): Mexico, $324M

This map shows which countries export or import more of Fittings for plastic tube, pipe or hose. Each country is colored based on the difference in exports and imports of Fittings for plastic tube, pipe or hose during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Fittings for plastic tube, pipe or hose were Germany ($862M), China ($362M), Italy ($271M), United States ($172M), and Turkey ($113M).

In 2018, the countries that had a largest trade value in imports than in exports of Fittings for plastic tube, pipe or hose were Mexico ($324M), Belgium-Luxembourg ($102M), Russia ($101M), Czechia ($94.7M), and Australia ($86.9M).

Trade Forecasts

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This section shows forecasts for total trade for Fittings for plastic tube, pipe or hose. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Fittings for plastic tube, pipe or hose was 7.85%.  The countries with the highest tariffs for importing Fittings for plastic tube, pipe or hose were Sudan (35%), Bahamas (32.8%), Fiji (31.1%), Sri Lanka (30%), and Nepal (30%).

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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.