HS Icon Machines to agglomerate, shape, mould minerals or fue

847480 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $2.2B, Rnk 1225 / 4648

2019
Top Exporter | Top Importer
: $480M | $227M, Italy | China

2019
Product Complexity
: -0.3, Rnk 3075 / 4826

2018 - 2019
Export Growth (CAGR)
: -7.49%, Rnk 3057 / 4648

2018
Mean Tariff
: 4%, Rnk 4968 / 6538

 2019
Share of World Trade
: 0.012%, Rnk 1225 / 4648

Overview:  This page contains the latest trade data of Machines to agglomerate, shape, mould minerals or fue. In 2019, Machines to agglomerate, shape, mould minerals or fue were the world's 1225th most traded product, with a total trade of $2.2B. Between 2018 and 2019 the exports of Machines to agglomerate, shape, mould minerals or fue decreased by -7.49%, from  $2.38B to $2.2B. Trade in Machines to agglomerate, shape, mould minerals or fue represent 0.012% of total world trade.

Exports: In 2019 the top exporters of Machines to agglomerate, shape, mould minerals or fue  were Italy ($480M), China ($476M), Germany ($412M), Spain ($84.8M), and Turkey ($79.6M).

Imports: In 2019 the top importers of Machines to agglomerate, shape, mould minerals or fue were China ($227M), Uzbekistan ($128M), India ($119M), Algeria ($103M), and United States ($103M).

Tariffs: In 2018 the average tariff for Machines to agglomerate, shape, mould minerals or fue was 4%, making it the 4968th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machines to agglomerate, shape, mould minerals or fue are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Machines to agglomerate, shape, mould minerals or fue ranks 3075th in the Product Complexity Index (PCI).

Description: Agglomeration: Agglomeration is a process to form aggregates of small particles of minerals or fertilizers. The process can be undertaken with a machine or by hand. Shaping: The process of shaping involves the production of granules, pellets, prills, or cake-like agglomerates. This can be done by hand, or with the use of a machine. Moulding: Moulding is a process of shaping a material into a desired shape. The material is first heated and then forced into a mould. What

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $480M

Top Destination (2019): China, $227M

Machines to agglomerate, shape, mould minerals or fue are the world's 1225th most traded product.

In 2019, the top exporters of Machines to agglomerate, shape, mould minerals or fue were Italy ($480M), China ($476M), Germany ($412M), Spain ($84.8M), and Turkey ($79.6M).

In 2019, the top importers of Machines to agglomerate, shape, mould minerals or fue were China ($227M), Uzbekistan ($128M), India ($119M), Algeria ($103M), and United States ($103M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $60.5M

Top Destination Growth (2018 - 2019): Uzbekistan, $51.2M

Between 2018 and 2019, the exports of Machines to agglomerate, shape, mould minerals or fue grew the fastest in China ($60.5M), Poland ($11.4M), Mexico ($8.79M), Canada ($7.27M), and Belgium ($6.58M).

Between 2018 and 2019, the fastest growing importers of Machines to agglomerate, shape, mould minerals or fue were Uzbekistan ($51.2M), Saudi Arabia ($21.5M), Philippines ($14.5M), Bangladesh ($14.2M), and Canada ($12.4M).

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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 to agglomerate, shape, mould minerals or fue.

In 2019,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Machines to agglomerate, shape, mould minerals or fue are explained by 14 countries.

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TOP NET EXPORTER (2019): Italy, $463M

TOP NET IMPORTER (2019): Uzbekistan, $128M

This map shows which countries export or import more of Machines to agglomerate, shape, mould minerals or fue. Each country is colored based on the difference in exports and imports of Machines to agglomerate, shape, mould minerals or fue during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Machines to agglomerate, shape, mould minerals or fue were Italy ($463M), Germany ($348M), China ($249M), Denmark ($53.3M), and Japan ($36.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Machines to agglomerate, shape, mould minerals or fue were Uzbekistan ($128M), India ($89.6M), Russia ($62.5M), Vietnam ($53.4M), and United States ($51M).

Import Tariffs

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In 2018, the average tariff for importing Machines to agglomerate, shape, mould minerals or fue was 4%.  The countries with the highest tariffs for importing Machines to agglomerate, shape, mould minerals or fue were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Venezuela (13.4%).

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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.