HS Icon Mountings, fittings, of base metal, for furniture, ne

830242 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.08B, Rnk 396 / 4726

Top Exporter (2018): $3.05B, China

Top Importer (2018): $924M, United States

Export Growth (CAGR)(2017 - 2018): 22.1%, Rnk 1234 / 4726

Mean Tariff (2018): 10.1%, Rnk 2244 / 6538

Share of World Trade (2018): 0.044%, Rnk 396 / 4726

Overview:  This page contains the latest trade data of Mountings, fittings, of base metal, for furniture, ne. In 2018, Mountings, fittings, of base metal, for furniture, ne were the world's 396th most traded product, with a total trade of $8.08B. Between 2017 and 2018 the exports of Mountings, fittings, of base metal, for furniture, ne grew by 22.1%, from  $6.62B to $8.08B. Trade in Mountings, fittings, of base metal, for furniture, ne represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Mountings, fittings, of base metal, for furniture, ne  were China ($3.05B), Austria ($1.3B), Germany ($1.03B), Italy ($382M), and Poland ($292M).

Imports: In 2018 the top importers of Mountings, fittings, of base metal, for furniture, ne were United States ($924M), Germany ($795M), Poland ($485M), Italy ($351M), and United Kingdom ($288M).

Tariffs: In 2018 the average tariff for Mountings, fittings, of base metal, for furniture, ne was 10.1%, been the 2244 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mountings, fittings, of base metal, for furniture, ne are Bahamas (41.8%), Iran (40%), Sudan (35%), Sri Lanka (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.05B

Top Destination (2018): United States, $924M

Mountings, fittings, of base metal, for furniture, ne are the world's 396th most traded product.

In 2018, the top exporters of Mountings, fittings, of base metal, for furniture, ne were China ($3.05B), Austria ($1.3B), Germany ($1.03B), Italy ($382M), and Poland ($292M).

In 2018, the top importers of Mountings, fittings, of base metal, for furniture, ne were United States ($924M), Germany ($795M), Poland ($485M), Italy ($351M), and United Kingdom ($288M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $597M

Top Destination Growth (2017 - 2018): India, $163M

Between 2017 and 2018, the exports of Mountings, fittings, of base metal, for furniture, ne grew the fastest in China ($597M), Germany ($187M), Austria ($171M), Poland ($157M), and Slovenia ($52.9M).

Between 2017 and 2018, the fastest growing importers of Mountings, fittings, of base metal, for furniture, ne were India ($163M), United States ($132M), Malaysia ($95.4M), Singapore ($89M), and Japan ($83.5M).

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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 Mountings, fittings, of base metal, for furniture, ne.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Mountings, fittings, of base metal, for furniture, ne are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $2.89B

TOP NET IMPORTER (2018): United States, $764M

This map shows which countries export or import more of Mountings, fittings, of base metal, for furniture, ne. Each country is colored based on the difference in exports and imports of Mountings, fittings, of base metal, for furniture, ne during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Mountings, fittings, of base metal, for furniture, ne were China ($2.89B), Austria ($1.19B), Germany ($234M), Chinese Taipei ($199M), and Slovenia ($91.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Mountings, fittings, of base metal, for furniture, ne were United States ($764M), France ($256M), Russia ($246M), United Kingdom ($244M), and India ($212M).

Trade Forecasts

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This section shows forecasts for total trade for Mountings, fittings, of base metal, for furniture, ne. 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 Mountings, fittings, of base metal, for furniture, ne was 10.1%.  The countries with the highest tariffs for importing Mountings, fittings, of base metal, for furniture, ne were Bahamas (41.8%), Iran (40%), Sudan (35%), Sri Lanka (30%), and Cameroon (29.4%).

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Product Complexity

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Diversification Frontier

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Filter

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.