HS Icon Large Flat-Rolled Iron

7211 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.29B, Rnk 486 / 1225

Top Exporter (2018): $1.16B, Germany

Top Importer (2018): $601M, Germany

Export Growth (CAGR)(2017 - 2018): 12%, Rnk 674 / 1225

Mean Tariff (2018): 6.09%, Rnk 693 / 1259

Share of World Trade (2018): 0.029%, Rnk 486 / 1225

Overview:  This page contains the latest trade data of Large Flat-Rolled Iron. In 2018, Large Flat-Rolled Iron were the world's 486th most traded product, with a total trade of $5.29B. Between 2017 and 2018 the exports of Large Flat-Rolled Iron grew by 12%, from  $4.72B to $5.29B. Trade in Large Flat-Rolled Iron represent 0.029% of total world trade.

Exports: In 2018 the top exporters of Large Flat-Rolled Iron  were Germany ($1.16B), Italy ($487M), United States ($462M), China ($381M), and Austria ($241M).

Imports: In 2018 the top importers of Large Flat-Rolled Iron were Germany ($601M), France ($418M), United States ($363M), Austria ($324M), and Canada ($303M).

Tariffs: In 2018 the average tariff for Large Flat-Rolled Iron was 6.09%, been the 693 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large Flat-Rolled Iron are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Cameroon (19.6%), and Gabon (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.16B

Top Destination (2018): Germany, $601M

Large Flat-Rolled Iron are the world's 486th most traded product.

In 2018, the top exporters of Large Flat-Rolled Iron were Germany ($1.16B), Italy ($487M), United States ($462M), China ($381M), and Austria ($241M).

In 2018, the top importers of Large Flat-Rolled Iron were Germany ($601M), France ($418M), United States ($363M), Austria ($324M), and Canada ($303M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $110M

Top Destination Growth (2017 - 2018): Pakistan, $85.8M

Between 2017 and 2018, the exports of Large Flat-Rolled Iron grew the fastest in China ($110M), Germany ($94.3M), Italy ($87.1M), Czechia ($40.3M), and Belgium-Luxembourg ($34.7M).

Between 2017 and 2018, the fastest growing importers of Large Flat-Rolled Iron were Pakistan ($85.8M), Germany ($56.1M), France ($54.8M), Poland ($53.3M), and Belgium-Luxembourg ($33.2M).

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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 Large Flat-Rolled Iron.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Large Flat-Rolled Iron are explained by 20 countries.

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TOP NET EXPORTER (2018): Germany, $559M

TOP NET IMPORTER (2018): France, $277M

This map shows which countries export or import more of Large Flat-Rolled Iron. Each country is colored based on the difference in exports and imports of Large Flat-Rolled Iron during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Large Flat-Rolled Iron were Germany ($559M), Italy ($355M), China ($235M), South Korea ($154M), and Belgium-Luxembourg ($103M).

In 2018, the countries that had a largest trade value in imports than in exports of Large Flat-Rolled Iron were France ($277M), Pakistan ($210M), Poland ($177M), Canada ($110M), and Switzerland ($97.1M).

Trade Forecasts

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This section shows forecasts for total trade for Large Flat-Rolled Iron. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Large Flat-Rolled Iron was 6.09%.  The countries with the highest tariffs for importing Large Flat-Rolled Iron were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Cameroon (19.6%), and Gabon (19.6%).

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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.