HS Icon Iron Anchors

7316 (Harmonized System 1992 for 4-digit)

World Trade (2018): $234M, Rnk 1123 / 1225

Top Exporter (2018): $93.2M, China

Top Importer (2018): $44M, United States

Export Growth (CAGR)(2017 - 2018): 6.18%, Rnk 930 / 1225

Mean Tariff (2018): 7.98%, Rnk 546 / 1259

Share of World Trade (2018): 0.0013%, Rnk 1123 / 1225

Overview:  This page contains the latest trade data of Iron Anchors. In 2018, Iron Anchors were the world's 1123rd most traded product, with a total trade of $234M. Between 2017 and 2018 the exports of Iron Anchors grew by 6.18%, from  $221M to $234M. Trade in Iron Anchors represent 0.0013% of total world trade.

Exports: In 2018 the top exporters of Iron Anchors  were China ($93.2M), Netherlands ($18.1M), Singapore ($17.3M), United Kingdom ($14.5M), and United States ($10.7M).

Imports: In 2018 the top importers of Iron Anchors were United States ($44M), Norway ($12.8M), Singapore ($12.6M), Bangladesh ($11.3M), and Netherlands ($10M).

Tariffs: In 2018 the average tariff for Iron Anchors was 7.98%, been the 546 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Anchors are Ethiopia (29.7%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bahamas (26.8%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Singapore (0%).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $93.2M

Top Destination (2018): United States, $44M

Iron Anchors are the world's 1123rd most traded product.

In 2018, the top exporters of Iron Anchors were China ($93.2M), Netherlands ($18.1M), Singapore ($17.3M), United Kingdom ($14.5M), and United States ($10.7M).

In 2018, the top importers of Iron Anchors were United States ($44M), Norway ($12.8M), Singapore ($12.6M), Bangladesh ($11.3M), and Netherlands ($10M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $10.6M

Top Destination Growth (2017 - 2018): Bangladesh, $10.4M

Between 2017 and 2018, the exports of Iron Anchors grew the fastest in Singapore ($10.6M), United States ($8.99M), Netherlands ($7.51M), Canada ($4.09M), and United Arab Emirates ($3.33M).

Between 2017 and 2018, the fastest growing importers of Iron Anchors were Bangladesh ($10.4M), Norway ($6.05M), United States ($4.09M), China ($3.15M), and Indonesia ($2.74M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Iron Anchors.

In 2018,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Iron Anchors are explained by 13 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $89M

TOP NET IMPORTER (2018): United States, $33.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Anchors were China ($89M), United Kingdom ($9.29M), Netherlands ($8.05M), Singapore ($4.76M), and India ($3.62M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Anchors were United States ($33.3M), Bangladesh ($11.3M), Norway ($10.4M), Indonesia ($8.39M), and Japan ($5.98M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Iron Anchors. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Anchors was 7.98%.  The countries with the highest tariffs for importing Iron Anchors were Ethiopia (29.7%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bahamas (26.8%).

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.