HS Icon Metal shaping presses, nes

846299 (Harmonized System 1992 for 6-digit)

World Trade (2019): $1.52B, Rnk 1561 / 4648

Top Exporter (2019): $314M, Japan

Top Importer (2019): $278M, China

Product Complexity (2019): 1.31, Rnk 369 / 4826

Export Growth (CAGR)(2018 - 2019): -4.82%, Rnk 2568 / 4648

Mean Tariff (2018): 5.17%, Rnk 4019 / 6538

Share of World Trade (2019): 0.0084%, Rnk 1561 / 4648

Overview:  This page contains the latest trade data of Metal shaping presses, nes. In 2019, Metal shaping presses, nes were the world's 1561st most traded product, with a total trade of $1.52B. Between 2018 and 2019 the exports of Metal shaping presses, nes decreased by -4.82%, from  $1.6B to $1.52B. Trade in Metal shaping presses, nes represent 0.0084% of total world trade.

Exports: In 2019 the top exporters of Metal shaping presses, nes  were Japan ($314M), South Korea ($252M), Germany ($201M), China ($164M), and Italy ($93.6M).

Imports: In 2019 the top importers of Metal shaping presses, nes were China ($278M), United States ($140M), India ($117M), Mexico ($82.2M), and Vietnam ($79.1M).

Tariffs: In 2018 the average tariff for Metal shaping presses, nes was 5.17%, making it the 4019th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Metal shaping presses, nes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Metal shaping presses, nes ranks 369th in the Product Complexity Index (PCI).

Description: Metal shaping presses are used to shape metal. A metal shaping press may be used in the automobile industry, for example, to shape the metal of a car.

Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $314M

Top Destination (2019): China, $278M

Metal shaping presses, nes are the world's 1561st most traded product.

In 2019, the top exporters of Metal shaping presses, nes were Japan ($314M), South Korea ($252M), Germany ($201M), China ($164M), and Italy ($93.6M).

In 2019, the top importers of Metal shaping presses, nes were China ($278M), United States ($140M), India ($117M), Mexico ($82.2M), and Vietnam ($79.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Japan, $31.8M

Top Destination Growth (2018 - 2019): China, $21.4M

Between 2018 and 2019, the exports of Metal shaping presses, nes grew the fastest in Japan ($31.8M), Germany ($16.3M), Romania ($14.8M), South Korea ($13.9M), and China ($8.79M).

Between 2018 and 2019, the fastest growing importers of Metal shaping presses, nes were China ($21.4M), South Korea ($16.5M), Vietnam ($11.7M), Romania ($11.3M), and Slovenia ($9.1M).

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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 Metal shaping presses, nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Metal shaping presses, nes are explained by 14 countries.

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TOP NET EXPORTER (2019): Japan, $281M

TOP NET IMPORTER (2019): China, $114M

This map shows which countries export or import more of Metal shaping presses, nes. Each country is colored based on the difference in exports and imports of Metal shaping presses, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Metal shaping presses, nes were Japan ($281M), South Korea ($210M), Germany ($122M), Italy ($68.4M), and Chinese Taipei ($68.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Metal shaping presses, nes were China ($114M), India ($103M), United States ($91.3M), Mexico ($76.1M), and Vietnam ($74.8M).

Import Tariffs

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In 2018, the average tariff for importing Metal shaping presses, nes was 5.17%.  The countries with the highest tariffs for importing Metal shaping presses, nes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), and Cambodia (15%).

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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.