Iron Stovetops7321 (Harmonized System 1992 for 4-digit)
World Trade (2018): $10.3B, Rnk 322 / 1225
Top Exporter (2018): $4.35B, China
Top Importer (2018): $2.82B, United States
Product Complexity (2018): 0.41, Rnk 410 / 1018
Export Growth (CAGR)(2017 - 2018): 0.64%, Rnk 1072 / 1225
Mean Tariff (2018): 13%, Rnk 271 / 1259
Share of World Trade (2018): 0.056%, Rnk 322 / 1225
Overview: This page contains the latest trade data of Iron Stovetops. In 2018, Iron Stovetops were the world's 322nd most traded product, with a total trade of $10.3B. Between 2017 and 2018 the exports of Iron Stovetops grew by 0.64%, from $10.2B to $10.3B. Trade in Iron Stovetops represent 0.056% of total world trade.
Exports: In 2018 the top exporters of Iron Stovetops were China ($4.35B), Italy ($1.01B), Mexico ($614M), United States ($399M), and Turkey ($361M).
Imports: In 2018 the top importers of Iron Stovetops were United States ($2.82B), Germany ($770M), France ($649M), Canada ($437M), and United Kingdom ($401M).
Tariffs: In 2018 the average tariff for Iron Stovetops was 13%, been the 271 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 410th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $4.35B
Top Destination (2018): United States, $2.82B
Iron Stovetops are the world's 322nd most traded product.
In 2018, the top exporters of Iron Stovetops were China ($4.35B), Italy ($1.01B), Mexico ($614M), United States ($399M), and Turkey ($361M).
In 2018, the top importers of Iron Stovetops were United States ($2.82B), Germany ($770M), France ($649M), Canada ($437M), and United Kingdom ($401M).
Trade by country
Between 2017 and 2018, the exports of Iron Stovetops grew the fastest in Italy ($218M), Netherlands ($97M), Germany ($30M), United Kingdom ($28.3M), and Sweden ($27.2M).
Between 2017 and 2018, the fastest growing importers of Iron Stovetops were France ($153M), Germany ($131M), Netherlands ($47.5M), Australia ($36M), and Spain ($33.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Stovetops.
In 2018, market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Iron Stovetops are explained by 13 countries.
TOP NET EXPORTER (2018): China, $4.31B
TOP NET IMPORTER (2018): United States, $2.42B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Iron Stovetops were China ($4.31B), Italy ($761M), Mexico ($496M), Turkey ($292M), and Belarus ($93.5M).
In 2018, the countries that had a largest trade value in imports than in exports of Iron Stovetops were United States ($2.42B), France ($532M), Germany ($452M), United Kingdom ($301M), and Australia ($296M).
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.
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