HS Icon Iron Pipes

7304 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $24.9B, Rnk 152 / 1217

2019
Top Exporter | Top Importer
: $5.63B | $3.01B, China | United States

2019
Product Complexity
: 0.029, Rnk 516 / 961

2018 - 2019
Export Growth (CAGR)
: -8.75%, Rnk 920 / 1217

2018
Mean Tariff
: 5.84%, Rnk 723 / 1259

 2019
Share of World Trade
: 0.14%, Rnk 152 / 1217

Overview:  This page contains the latest trade data of Iron Pipes. In 2019, Iron Pipes were the world's 152nd most traded product, with a total trade of $24.9B. Between 2018 and 2019 the exports of Iron Pipes decreased by -8.75%, from  $27.2B to $24.9B. Trade in Iron Pipes represent 0.14% of total world trade.

Exports: In 2019 the top exporters of Iron Pipes  were China ($5.63B), Japan ($2.91B), Germany ($2.15B), Italy ($1.27B), and Mexico ($900M).

Imports: In 2019 the top importers of Iron Pipes were United States ($3.01B), United Arab Emirates ($1.01B), Germany ($948M), India ($929M), and South Korea ($850M).

Tariffs: In 2018 the average tariff for Iron Pipes was 5.84%, making it the 723rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Pipes are Bahamas (40.2%), Sudan (28.9%), Bermuda (25%), Nepal (19.8%), and Fiji (18%). The countries with the lowest tariffs are Mauritius (0%), Uganda (0%), Hong Kong (0%), Japan (0%), and South Korea (0%).

Ranking: Iron Pipes ranks 516th in the Product Complexity Index (PCI).

Description: Tubes, pipes and hollow profiles are used to transport liquids or gases. They can be made from a variety of materials, including steel, aluminum, copper, and plastic.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $5.63B

Top Destination (2019): United States, $3.01B

Iron Pipes are the world's 152nd most traded product.

In 2019, the top exporters of Iron Pipes were China ($5.63B), Japan ($2.91B), Germany ($2.15B), Italy ($1.27B), and Mexico ($900M).

In 2019, the top importers of Iron Pipes were United States ($3.01B), United Arab Emirates ($1.01B), Germany ($948M), India ($929M), and South Korea ($850M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Japan, $183M

Top Destination Growth (2018 - 2019): Iraq, $326M

Between 2018 and 2019, the exports of Iron Pipes grew the fastest in Japan ($183M), China ($124M), Brazil ($115M), France ($78.1M), and Sweden ($47.3M).

Between 2018 and 2019, the fastest growing importers of Iron Pipes were Iraq ($326M), Algeria ($305M), United Arab Emirates ($216M), United Kingdom ($118M), and Oman ($114M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Iron Pipes are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $4.96B

TOP NET IMPORTER (2019): United States, $2.21B

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

In 2019, the countries that had a largest trade value in exports than in imports of Iron Pipes were China ($4.96B), Japan ($2.82B), Germany ($1.2B), Mexico ($572M), and Italy ($547M).

In 2019, the countries that had a largest trade value in imports than in exports of Iron Pipes were United States ($2.21B), Algeria ($714M), United Arab Emirates ($633M), Kuwait ($580M), and India ($538M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Iron Pipes, disaggragated by their HS6 level were Casings, tubing and drill pipe, for... ($8.92B), Pipes, line, iron or steel, for... ($4.21B), Iron/non-alloy steel pipe or tubing, nes ($2.85B), Stainless steel pipe or tubing, cold... ($2.44B), and Alloy steel pipe or tubing, except... ($1.82B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Pipes was 5.84%.  The countries with the highest tariffs for importing Iron Pipes were Bahamas (40.2%), Sudan (28.9%), Bermuda (25%), Nepal (19.8%), and Fiji (18%).

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.