Overview: This page contains the latest trade data of Iron Springs. In 2019, Iron Springs were the world's 402nd most traded product, with a total trade of $7.18B. Between 2018 and 2019 the exports of Iron Springs decreased by -4.34%, from $7.51B to $7.18B. Trade in Iron Springs represent 0.04% of total world trade.
Exports: In 2019 the top exporters of Iron Springs were Germany ($1.53B), United States ($760M), Mexico ($722M), China ($582M), and Japan ($437M).
Top Destination Growth (2018 - 2019): Senegal, $26M
Between 2018 and 2019, the exports of Iron Springs grew the fastest in China ($27.8M), Denmark ($21.1M), Poland ($20.1M), Ukraine ($4.59M), and Vietnam ($2.33M).
Between 2018 and 2019, the fastest growing importers of Iron Springs were Senegal ($26M), Malaysia ($15.2M), Cambodia ($14.5M), Canada ($12.8M), and Hong Kong ($7.49M).
This chart shows the evolution of the market concentration of exports of Iron Springs.
In 2019, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Iron Springs are explained by 20 countries.
This map shows which countries export or import more of Iron Springs. Each country is colored based on the difference in exports and imports of Iron Springs during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Iron Springs were Germany ($939M), Japan ($330M), Mexico ($226M), China ($146M), and Switzerland ($67.5M).
In 2019, the countries that had a largest trade value in imports than in exports of Iron Springs were United States ($466M), Poland ($121M), Russia ($90M), Slovakia ($76M), and Hungary ($74.7M).
In 2018, the average tariff for importing Iron Springs was 8.53%. The countries with the highest tariffs for importing Iron Springs were Bahamas (41.4%), Cambodia (35%), Pakistan (29.1%), Iran (26.6%), and Bangladesh (24.5%).
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.