HS Icon Granite

2516 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.63B, Rnk 787 / 1217

2019
Top Exporter | Top Importer
: $718M | $587M, India | China

2019
Product Complexity
: -1.53, Rnk 893 / 961

2018 - 2019
Export Growth (CAGR)
: -4.91%, Rnk 738 / 1217

2018
Mean Tariff
: 4.29%, Rnk 939 / 1259

 2019
Share of World Trade
: 0.009%, Rnk 787 / 1217

Overview:  This page contains the latest trade data of Granite. In 2019, Granite were the world's 787th most traded product, with a total trade of $1.63B. Between 2018 and 2019 the exports of Granite decreased by -4.91%, from  $1.72B to $1.63B. Trade in Granite represent 0.009% of total world trade.

Exports: In 2019 the top exporters of Granite  were India ($718M), Norway ($167M), Brazil ($87.2M), China ($65.4M), and South Africa ($54.5M).

Imports: In 2019 the top importers of Granite were China ($587M), United Kingdom ($176M), Italy ($131M), Germany ($58.8M), and Spain ($50.7M).

Tariffs: In 2018 the average tariff for Granite was 4.29%, making it the 939th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Granite are Angola (50%), Bahamas (36.6%), Uzbekistan (28.7%), Bermuda (25%), and Bangladesh (21.6%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Granite ranks 893rd in the Product Complexity Index (PCI).

Description: The most common use of granite, porphyry, basalt, and sandstone is in monumental or building stone. These stones are often used in buildings or monuments to create a statement.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): India, $718M

Top Destination (2019): China, $587M

Granite are the world's 787th most traded product.

In 2019, the top exporters of Granite were India ($718M), Norway ($167M), Brazil ($87.2M), China ($65.4M), and South Africa ($54.5M).

In 2019, the top importers of Granite were China ($587M), United Kingdom ($176M), Italy ($131M), Germany ($58.8M), and Spain ($50.7M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Brazil, $8M

Top Destination Growth (2018 - 2019): Bangladesh, $11.1M

Between 2018 and 2019, the exports of Granite grew the fastest in Brazil ($8M), Belgium ($4.93M), Malaysia ($3.6M), Turkey ($3.31M), and Slovakia ($2.64M).

Between 2018 and 2019, the fastest growing importers of Granite were Bangladesh ($11.1M), Poland ($7.05M), Benin ($6.39M), China ($4.3M), and Romania ($3.18M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Granite.

In 2019,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Granite are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2019): India, $693M

TOP NET IMPORTER (2019): China, $521M

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

In 2019, the countries that had a largest trade value in exports than in imports of Granite were India ($693M), Norway ($161M), Brazil ($86.8M), South Africa ($49.2M), and Portugal ($35.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Granite were China ($521M), United Kingdom ($171M), Italy ($82.6M), Chinese Taipei ($47.9M), and Germany ($44.4M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Granite, disaggragated by their HS6 level were Granite, crude or roughly trimmed ($879M), Granite, merely cut into blocks etc ($324M), Monumental or building stone nes, porphyry... ($243M), and Sandstone, merely cut into blocks etc ($186M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Granite was 4.29%.  The countries with the highest tariffs for importing Granite were Angola (50%), Bahamas (36.6%), Uzbekistan (28.7%), Bermuda (25%), and Bangladesh (21.6%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.