HS Icon Other Glass Articles

7020 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.56B, Rnk 590 / 1225

Top Exporter (2018): $769M, China

Top Importer (2018): $429M, Singapore

Product Complexity (2018): 0.77, Rnk 255 / 1018

Export Growth (CAGR)(2017 - 2018): 47.6%, Rnk 78 / 1225

Mean Tariff (2018): 9.71%, Rnk 444 / 1259

Share of World Trade (2018): 0.019%, Rnk 590 / 1225

Overview:  This page contains the latest trade data of Other Glass Articles. In 2018, Other Glass Articles were the world's 590th most traded product, with a total trade of $3.56B. Between 2017 and 2018 the exports of Other Glass Articles grew by 47.6%, from  $2.41B to $3.56B. Trade in Other Glass Articles represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Other Glass Articles  were China ($769M), Japan ($516M), Germany ($369M), Vietnam ($367M), and United States ($267M).

Imports: In 2018 the top importers of Other Glass Articles were Singapore ($429M), United States ($406M), China ($299M), Japan ($263M), and Germany ($233M).

Tariffs: In 2018 the average tariff for Other Glass Articles was 9.71%, been the 444 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Glass Articles are Bahamas (41.3%), Zimbabwe (36.5%), Iran (35.6%), Sudan (35%), and Cameroon (29.4%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Other Glass Articles ranks 255th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $769M

Top Destination (2018): Singapore, $429M

Other Glass Articles are the world's 590th most traded product.

In 2018, the top exporters of Other Glass Articles were China ($769M), Japan ($516M), Germany ($369M), Vietnam ($367M), and United States ($267M).

In 2018, the top importers of Other Glass Articles were Singapore ($429M), United States ($406M), China ($299M), Japan ($263M), and Germany ($233M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $296M

Top Destination Growth (2017 - 2018): Singapore, $429M

Between 2017 and 2018, the exports of Other Glass Articles grew the fastest in Vietnam ($296M), Japan ($164M), Germany ($128M), United States ($99.2M), and India ($92.4M).

Between 2017 and 2018, the fastest growing importers of Other Glass Articles were Singapore ($429M), United States ($405M), Japan ($122M), Chinese Taipei ($66.4M), and Malaysia ($29.8M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Glass Articles.

In 2018,  market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Other Glass Articles are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $470M

TOP NET IMPORTER (2018): Singapore, $410M

This map shows which countries export or import more of Other Glass Articles. Each country is colored based on the difference in exports and imports of Other Glass Articles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Glass Articles were China ($470M), Vietnam ($331M), Japan ($253M), Germany ($136M), and India ($105M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Glass Articles were Singapore ($410M), United States ($138M), Chinese Taipei ($137M), United Kingdom ($77.1M), and Hong Kong ($70.5M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Other Glass Articles. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Other Glass Articles was 9.71%.  The countries with the highest tariffs for importing Other Glass Articles were Bahamas (41.3%), Zimbabwe (36.5%), Iran (35.6%), Sudan (35%), and Cameroon (29.4%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.