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).
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.
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).
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.
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).
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%).
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.