HS Icon Metal-Clad Products

7114 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Metal-Clad Products. In 2019, Metal-Clad Products were the world's 699th most traded product, with a total trade of $2.2B. Between 2018 and 2019 the exports of Metal-Clad Products grew by 139%, from $919M to $2.2B. Trade in Metal-Clad Products represent 0.012% of total world trade.

Exports In 2019 the top exporters of Metal-Clad Products  were Vietnam ($1.37B), China ($169M), Italy ($87.9M), Malaysia ($76.2M), and India ($64.9M).

Imports In 2019 the top importers of Metal-Clad Products were Switzerland ($1.38B), Hong Kong ($191M), Japan ($81.6M), United States ($55.8M), and Germany ($50.7M).

Tariffs In 2018 the average tariff for Metal-Clad Products was 13.6%, making it the 246th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metal-Clad Products are Barbados (53.9%), Angola (50%), Belize (44.9%), Bahamas (42.7%), and Cape Verde (40%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Taiwan (0%).

Ranking Metal-Clad Products ranks 695th in the Product Complexity Index (PCI).

Description Articles of goldsmiths' or silversmiths' wares are used in the production of other goods. They can be made from a variety of materials, including precious metals like gold and silver.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Vietnam, $1.37B

Top Destination (2019): Switzerland, $1.38B

Metal-Clad Products are the world's 699th most traded product.

In 2019, the top exporters of Metal-Clad Products were Vietnam ($1.37B), China ($169M), Italy ($87.9M), Malaysia ($76.2M), and India ($64.9M).

In 2019, the top importers of Metal-Clad Products were Switzerland ($1.38B), Hong Kong ($191M), Japan ($81.6M), United States ($55.8M), and Germany ($50.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $1.37B

Top Destination Growth (2018 - 2019): Switzerland, $1.32B

Between 2018 and 2019, the exports of Metal-Clad Products grew the fastest in Vietnam ($1.37B), China ($61.3M), Switzerland ($17.8M), India ($10.3M), and Turkey ($8.93M).

Between 2018 and 2019, the fastest growing importers of Metal-Clad Products were Switzerland ($1.32B), Hong Kong ($53.3M), China ($21.7M), Japan ($11.8M), and Malaysia ($10.6M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Metal-Clad Products.

In 2019,  market concentration measured using Shannon Entropy, was 2.58. This means that most of the exports of Metal-Clad Products are explained by 5 countries.

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TOP NET EXPORTER (2019): Vietnam, $1.37B

TOP NET IMPORTER (2019): Switzerland, $1.34B

This map shows which countries export or import more of Metal-Clad Products. Each country is colored based on the difference in exports and imports of Metal-Clad Products during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Metal-Clad Products were Vietnam ($1.37B), China ($139M), Italy ($69.5M), India ($57.3M), and Malaysia ($37.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Metal-Clad Products were Switzerland ($1.34B), Hong Kong ($157M), Japan ($55.1M), United States ($33.9M), and Germany ($31.3M).

Disaggregation

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Value

In 2019, the world most traded Metal-Clad Products, disaggragated by their HS6 level were Gold/silversmith wares of/clad with precious metal... ($1.94B), Silver wares, silver ware plated with... ($175M), and Gold, silversmith wares, base clad with... ($78.1M)

Import Tariffs

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In 2018, the average tariff for importing Metal-Clad Products was 13.6%. The countries with the highest tariffs for importing Metal-Clad Products were Barbados (53.9%), Angola (50%), Belize (44.9%), Bahamas (42.7%), and Cape Verde (40%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Metal-Clad Products to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.