HS Icon Iron Stovetops

7321 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $10.2B, Rnk 315 / 1217

2019
Top Exporter | Top Importer
: $4.28B | $2.82B, China | United States

2019
Product Complexity
: 0.34, Rnk 412 / 961

2018 - 2019
Export Growth (CAGR)
: -1.18%, Rnk 490 / 1217

2018
Mean Tariff
: 13%, Rnk 271 / 1259

 2019
Share of World Trade
: 0.056%, Rnk 315 / 1217

Overview:  This page contains the latest trade data of Iron Stovetops. In 2019, Iron Stovetops were the world's 315th most traded product, with a total trade of $10.2B. Between 2018 and 2019 the exports of Iron Stovetops decreased by -1.18%, from  $10.3B to $10.2B. Trade in Iron Stovetops represent 0.056% of total world trade.

Exports: In 2019 the top exporters of Iron Stovetops  were China ($4.28B), Italy ($938M), Mexico ($648M), Turkey ($434M), and United States ($360M).

Imports: In 2019 the top importers of Iron Stovetops were United States ($2.82B), Germany ($771M), France ($632M), Canada ($448M), and United Kingdom ($391M).

Tariffs: In 2018 the average tariff for Iron Stovetops was 13%, making it the 271st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Stovetops are Syria (60.1%), Egypt (43%), Iran (43%), Zimbabwe (32.9%), and Cameroon (28%). The countries with the lowest tariffs are Mauritius (0%), Zambia (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Iron Stovetops ranks 412th in the Product Complexity Index (PCI).

Description: Stoves, ranges, grates, cookers, and other non-electric domestic appliances are used to heat the home. They can be made from a variety of materials, including cast iron, steel, or aluminum.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $4.28B

Top Destination (2019): United States, $2.82B

Iron Stovetops are the world's 315th most traded product.

In 2019, the top exporters of Iron Stovetops were China ($4.28B), Italy ($938M), Mexico ($648M), Turkey ($434M), and United States ($360M).

In 2019, the top importers of Iron Stovetops were United States ($2.82B), Germany ($771M), France ($632M), Canada ($448M), and United Kingdom ($391M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $106M

Top Destination Growth (2018 - 2019): Saudi Arabia, $39M

Between 2018 and 2019, the exports of Iron Stovetops grew the fastest in Thailand ($106M), Turkey ($74.5M), Mexico ($37.8M), Vietnam ($16.4M), and Canada ($15.8M).

Between 2018 and 2019, the fastest growing importers of Iron Stovetops were Saudi Arabia ($39M), Iraq ($25.8M), Libya ($22.3M), Japan ($11.7M), and Philippines ($9.05M).

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Market Concentration

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Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Iron Stovetops are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $4.24B

TOP NET IMPORTER (2019): United States, $2.46B

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

In 2019, the countries that had a largest trade value in exports than in imports of Iron Stovetops were China ($4.24B), Italy ($703M), Mexico ($533M), Turkey ($370M), and Thailand ($196M).

In 2019, the countries that had a largest trade value in imports than in exports of Iron Stovetops were United States ($2.46B), France ($517M), Germany ($462M), United Kingdom ($302M), and Canada ($261M).

Disaggregation

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Value

In 2019, the world most traded Iron Stovetops, disaggragated by their HS6 level were Cooking appliances for gas fuel, etc,... ($5.18B), Domestic iron/steel solid fuel appliances, not... ($1.57B), Parts for domestic non-electric thermic appliances ($1.51B), Cooking appliances for solid fuel, iron... ($964M), and Domestic iron/steel liquid/solid fuel appliances nes ($782M)

Import Tariffs

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In 2018, the average tariff for importing Iron Stovetops was 13%.  The countries with the highest tariffs for importing Iron Stovetops were Syria (60.1%), Egypt (43%), Iran (43%), Zimbabwe (32.9%), and Cameroon (28%).

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Product Complexity

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Diversification Frontier

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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.