HS Icon Iron Gas Containers

7311 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Iron Gas Containers. In 2019, Iron Gas Containers were the world's 586th most traded product, with a total trade of $3.59B. Between 2018 and 2019 the exports of Iron Gas Containers grew by 0.34%, from $3.58B to $3.59B. Trade in Iron Gas Containers represent 0.02% of total world trade.

Exports In 2019 the top exporters of Iron Gas Containers  were China ($727M), United States ($358M), Italy ($238M), Czechia ($220M), and Germany ($211M).

Imports In 2019 the top importers of Iron Gas Containers were United States ($339M), Germany ($236M), Canada ($154M), South Korea ($129M), and United Kingdom ($126M).

Tariffs In 2018 the average tariff for Iron Gas Containers was 8.04%, making it the 535th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Gas Containers are Bahamas (41.8%), Argentina (33.4%), Rwanda (24.5%), and Uganda (24.5%). The countries with the lowest tariffs are Mauritania (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Hong Kong (0%).

Ranking Iron Gas Containers ranks 425th in the Product Complexity Index (PCI).

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $727M

Top Destination (2019): United States, $339M

Iron Gas Containers are the world's 586th most traded product.

In 2019, the top exporters of Iron Gas Containers were China ($727M), United States ($358M), Italy ($238M), Czechia ($220M), and Germany ($211M).

In 2019, the top importers of Iron Gas Containers were United States ($339M), Germany ($236M), Canada ($154M), South Korea ($129M), and United Kingdom ($126M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $69M

Top Destination Growth (2018 - 2019): Kazakhstan, $26.2M

Between 2018 and 2019, the exports of Iron Gas Containers grew the fastest in China ($69M), Turkey ($39.8M), South Korea ($23M), Mexico ($16.1M), and Fiji ($12.4M).

Between 2018 and 2019, the fastest growing importers of Iron Gas Containers were Kazakhstan ($26.2M), South Africa ($18.7M), Netherlands ($17.9M), Italy ($16.6M), and Poland ($15M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Iron Gas Containers.

In 2019,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Iron Gas Containers are explained by 23 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $628M

TOP NET IMPORTER (2019): Canada, $135M

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

In 2019, the countries that had a largest trade value in exports than in imports of Iron Gas Containers were China ($628M), Czechia ($190M), Italy ($162M), Thailand ($159M), and Turkey ($147M).

In 2019, the countries that had a largest trade value in imports than in exports of Iron Gas Containers were Canada ($135M), Netherlands ($83.1M), Nigeria ($71.6M), United Kingdom ($62.8M), and Belgium ($62.4M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Iron Gas Containers, disaggragated by their HS6 level were Containers for compressed/liquefied gas, iron or... ($3.59B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Gas Containers was 8.04%. The countries with the highest tariffs for importing Iron Gas Containers were Bahamas (41.8%), Argentina (33.4%), Rwanda (24.5%), and Uganda (24.5%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

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.

Country by Relatedness

#permalink to section

The following visualization shows the relatedness of Iron Gas Containers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.