HS Icon Machines for manufacturing or hot working glass nes

847520 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.32B, Rnk 1730 / 4726

Top Exporter (2018): $171M, China

Top Importer (2018): $288M, China

Export Growth (CAGR)(2017 - 2018): 29.9%, Rnk 812 / 4726

Mean Tariff (2018): 4.06%, Rnk 4916 / 6538

Share of World Trade (2018): 0.0072%, Rnk 1730 / 4726

Overview:  This page contains the latest trade data of Machines for manufacturing or hot working glass nes. In 2018, Machines for manufacturing or hot working glass nes were the world's 1730th most traded product, with a total trade of $1.32B. Between 2017 and 2018 the exports of Machines for manufacturing or hot working glass nes grew by 29.9%, from  $1.01B to $1.32B. Trade in Machines for manufacturing or hot working glass nes represent 0.0072% of total world trade.

Exports: In 2018 the top exporters of Machines for manufacturing or hot working glass nes  were China ($171M), Italy ($151M), South Korea ($142M), Finland ($128M), and United States ($126M).

Imports: In 2018 the top importers of Machines for manufacturing or hot working glass nes were China ($288M), United States ($91.8M), India ($72.8M), Mexico ($49.3M), and Russia ($47M).

Tariffs: In 2018 the average tariff for Machines for manufacturing or hot working glass nes was 4.06%, been the 4916 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machines for manufacturing or hot working glass nes are Finland (5.1%), Sweden (3.8%), and Austria (3.54%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $171M

Top Destination (2018): China, $288M

Machines for manufacturing or hot working glass nes are the world's 1730th most traded product.

In 2018, the top exporters of Machines for manufacturing or hot working glass nes were China ($171M), Italy ($151M), South Korea ($142M), Finland ($128M), and United States ($126M).

In 2018, the top importers of Machines for manufacturing or hot working glass nes were China ($288M), United States ($91.8M), India ($72.8M), Mexico ($49.3M), and Russia ($47M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $107M

Top Destination Growth (2017 - 2018): China, $41.4M

Between 2017 and 2018, the exports of Machines for manufacturing or hot working glass nes grew the fastest in United States ($107M), China ($35.7M), Malaysia ($26.2M), Germany ($18.2M), and Belgium-Luxembourg ($18.1M).

Between 2017 and 2018, the fastest growing importers of Machines for manufacturing or hot working glass nes were China ($41.4M), India ($33.2M), United States ($32.8M), Russia ($31.2M), and Azerbaijan ($29.9M).

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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 Machines for manufacturing or hot working glass nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Machines for manufacturing or hot working glass nes are explained by 16 countries.

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TOP NET EXPORTER (2018): Italy, $128M

TOP NET IMPORTER (2018): China, $117M

This map shows which countries export or import more of Machines for manufacturing or hot working glass nes. Each country is colored based on the difference in exports and imports of Machines for manufacturing or hot working glass nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Machines for manufacturing or hot working glass nes were Italy ($128M), Finland ($127M), South Korea ($111M), Malaysia ($86.3M), and Germany ($78.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Machines for manufacturing or hot working glass nes were China ($117M), India ($70.4M), Russia ($46.3M), Mexico ($43.9M), and Turkey ($42.3M).

Trade Forecasts

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This section shows forecasts for total trade for Machines for manufacturing or hot working glass nes. 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 Machines for manufacturing or hot working glass nes was 4.06%.  The countries with the highest tariffs for importing Machines for manufacturing or hot working glass nes were Finland (5.1%), Sweden (3.8%), and Austria (3.54%).

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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.