HS Icon Flexible Metal Tubing

8307 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $4.46B, Rnk 529 / 1217

2019
Top Exporter | Top Importer
: $2.1B | $2.11B, Nigeria | Ghana

2019
Product Complexity
: 0.13, Rnk 487 / 961

2018 - 2019
Export Growth (CAGR)
: 80%, Rnk 5 / 1217

2018
Mean Tariff
: 8.03%, Rnk 543 / 1259

 2019
Share of World Trade
: 0.025%, Rnk 529 / 1217

Overview:  This page contains the latest trade data of Flexible Metal Tubing. In 2019, Flexible Metal Tubing were the world's 529th most traded product, with a total trade of $4.46B. Between 2018 and 2019 the exports of Flexible Metal Tubing grew by 80%, from  $2.48B to $4.46B. Trade in Flexible Metal Tubing represent 0.025% of total world trade.

Exports: In 2019 the top exporters of Flexible Metal Tubing  were Nigeria ($2.1B), Germany ($344M), China ($335M), United States ($277M), and United Kingdom ($181M).

Imports: In 2019 the top importers of Flexible Metal Tubing were Ghana ($2.11B), United States ($232M), Brazil ($193M), Germany ($160M), and France ($108M).

Tariffs: In 2018 the average tariff for Flexible Metal Tubing was 8.03%, making it the 543rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Flexible Metal Tubing are Bahamas (40.2%), Sudan (35%), Iran (30%), Algeria (26.1%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Flexible Metal Tubing ranks 487th in the Product Complexity Index (PCI).

Description: Flexible tubing is used to transport liquids and gases. It can be made from a variety of materials, including aluminum, copper, and steel.

Exporters and Importers

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Trade By Country

Top Origin (2019): Nigeria, $2.1B

Top Destination (2019): Ghana, $2.11B

Flexible Metal Tubing are the world's 529th most traded product.

In 2019, the top exporters of Flexible Metal Tubing were Nigeria ($2.1B), Germany ($344M), China ($335M), United States ($277M), and United Kingdom ($181M).

In 2019, the top importers of Flexible Metal Tubing were Ghana ($2.11B), United States ($232M), Brazil ($193M), Germany ($160M), and France ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Nigeria, $2.1B

Top Destination Growth (2018 - 2019): Ghana, $2.08B

Between 2018 and 2019, the exports of Flexible Metal Tubing grew the fastest in Nigeria ($2.1B), United Kingdom ($36M), United States ($27.5M), China ($21.9M), and Turkey ($21.8M).

Between 2018 and 2019, the fastest growing importers of Flexible Metal Tubing were Ghana ($2.08B), Brazil ($58.5M), Singapore ($11.1M), United Arab Emirates ($9.84M), and Spain ($6.96M).

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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 Flexible Metal Tubing.

In 2019,  market concentration measured using Shannon Entropy, was 3.28. This means that most of the exports of Flexible Metal Tubing are explained by 9 countries.

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TOP NET EXPORTER (2019): Nigeria, $2.09B

TOP NET IMPORTER (2019): Ghana, $2.11B

This map shows which countries export or import more of Flexible Metal Tubing. Each country is colored based on the difference in exports and imports of Flexible Metal Tubing during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Flexible Metal Tubing were Nigeria ($2.09B), China ($270M), Germany ($184M), Denmark ($135M), and United Kingdom ($98.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Flexible Metal Tubing were Ghana ($2.11B), Brazil ($188M), Canada ($59.5M), Egypt ($50.1M), and Norway ($49M).

Disaggregation

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Value

In 2019, the world most traded Flexible Metal Tubing, disaggragated by their HS6 level were Tubing,flexible, with/without fittings, iron or steel ($4.09B) and Tubing,flexible, with/without fittings,base metal nes ($378M)

Import Tariffs

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In 2018, the average tariff for importing Flexible Metal Tubing was 8.03%.  The countries with the highest tariffs for importing Flexible Metal Tubing were Bahamas (40.2%), Sudan (35%), Iran (30%), Algeria (26.1%), and Bermuda (25%).

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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.