HS Icon Machines for manufacturing or hot working glass nes

847520 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $1.27B, Rnk 1729 / 4648

2019
Top Exporter | Top Importer
: $177M | $266M, Italy | China

2019
Product Complexity
: 1.3, Rnk 379 / 4826

2018 - 2019
Export Growth (CAGR)
: -3.98%, Rnk 2407 / 4648

2018
Mean Tariff
: 4.06%, Rnk 4916 / 6538

 2019
Share of World Trade
: 0.007%, Rnk 1729 / 4648

Overview:  This page contains the latest trade data of Machines for manufacturing or hot working glass nes. In 2019, Machines for manufacturing or hot working glass nes were the world's 1729th most traded product, with a total trade of $1.27B. Between 2018 and 2019 the exports of Machines for manufacturing or hot working glass nes decreased by -3.98%, from  $1.32B to $1.27B. Trade in Machines for manufacturing or hot working glass nes represent 0.007% of total world trade.

Exports: In 2019 the top exporters of Machines for manufacturing or hot working glass nes  were Italy ($177M), China ($173M), Germany ($146M), Finland ($107M), and South Korea ($106M).

Imports: In 2019 the top importers of Machines for manufacturing or hot working glass nes were China ($266M), United States ($87.2M), India ($59.1M), Chinese Taipei ($55.4M), and Poland ($55M).

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

Ranking: Machines for manufacturing or hot working glass nes ranks 379th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $177M

Top Destination (2019): China, $266M

Machines for manufacturing or hot working glass nes are the world's 1729th most traded product.

In 2019, the top exporters of Machines for manufacturing or hot working glass nes were Italy ($177M), China ($173M), Germany ($146M), Finland ($107M), and South Korea ($106M).

In 2019, the top importers of Machines for manufacturing or hot working glass nes were China ($266M), United States ($87.2M), India ($59.1M), Chinese Taipei ($55.4M), and Poland ($55M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Sweden, $33.3M

Top Destination Growth (2018 - 2019): Chinese Taipei, $30.7M

Between 2018 and 2019, the exports of Machines for manufacturing or hot working glass nes grew the fastest in Sweden ($33.3M), Singapore ($26.5M), Italy ($26.4M), Germany ($22M), and Kyrgyzstan ($10.7M).

Between 2018 and 2019, the fastest growing importers of Machines for manufacturing or hot working glass nes were Chinese Taipei ($30.7M), Poland ($29.5M), Chile ($19M), Uzbekistan ($12.8M), and Mexico ($12.3M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.02. 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 (2019): Italy, $161M

TOP NET IMPORTER (2019): China, $93.2M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Machines for manufacturing or hot working glass nes were Italy ($161M), Finland ($105M), South Korea ($93.7M), Germany ($93.5M), and Malaysia ($81.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Machines for manufacturing or hot working glass nes were China ($93.2M), India ($58.1M), Mexico ($52.2M), Poland ($50.3M), and United States ($47.4M).

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.