HS Icon Pipe fittings of malleable iron or steel, cast

730719 (Harmonized System 1992 for 6-digit)

World Trade (2019): $2.15B, Rnk 1246 / 4648

Top Exporter (2019): $744M, China

Top Importer (2019): $348M, United States

Product Complexity (2019): 0.76, Rnk 1183 / 4826

Export Growth (CAGR)(2018 - 2019): -9.08%, Rnk 3313 / 4648

Mean Tariff (2018): 7.09%, Rnk 3167 / 6538

Share of World Trade (2019): 0.012%, Rnk 1246 / 4648

Overview:  This page contains the latest trade data of Pipe fittings of malleable iron or steel, cast. In 2019, Pipe fittings of malleable iron or steel, cast were the world's 1246th most traded product, with a total trade of $2.15B. Between 2018 and 2019 the exports of Pipe fittings of malleable iron or steel, cast decreased by -9.08%, from  $2.37B to $2.15B. Trade in Pipe fittings of malleable iron or steel, cast represent 0.012% of total world trade.

Exports: In 2019 the top exporters of Pipe fittings of malleable iron or steel, cast  were China ($744M), United States ($173M), Poland ($132M), Italy ($124M), and Germany ($110M).

Imports: In 2019 the top importers of Pipe fittings of malleable iron or steel, cast were United States ($348M), Germany ($131M), Canada ($121M), Italy ($73.1M), and Netherlands ($69M).

Tariffs: In 2018 the average tariff for Pipe fittings of malleable iron or steel, cast was 7.09%, making it the 3167th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pipe fittings of malleable iron or steel, cast are Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Tanzania (23.6%), and Rwanda (23.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Pipe fittings of malleable iron or steel, cast ranks 1183rd in the Product Complexity Index (PCI).

Description: Pipe fittings of malleable iron or steel are used to join pipes or to change the direction of the flow of the pipe. This type of pipe fitting is often used where the pipe runs vertically and is often joined with a "elbow".

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $744M

Top Destination (2019): United States, $348M

Pipe fittings of malleable iron or steel, cast are the world's 1246th most traded product.

In 2019, the top exporters of Pipe fittings of malleable iron or steel, cast were China ($744M), United States ($173M), Poland ($132M), Italy ($124M), and Germany ($110M).

In 2019, the top importers of Pipe fittings of malleable iron or steel, cast were United States ($348M), Germany ($131M), Canada ($121M), Italy ($73.1M), and Netherlands ($69M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): France, $12.6M

Top Destination Growth (2018 - 2019): Brazil, $18.3M

Between 2018 and 2019, the exports of Pipe fittings of malleable iron or steel, cast grew the fastest in France ($12.6M), Mexico ($3.57M), India ($2.14M), United Kingdom ($1.72M), and Indonesia ($1.58M).

Between 2018 and 2019, the fastest growing importers of Pipe fittings of malleable iron or steel, cast were Brazil ($18.3M), Italy ($6.09M), Kazakhstan ($4.63M), Norway ($4.54M), and Egypt ($3.3M).

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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 Pipe fittings of malleable iron or steel, cast.

In 2019,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Pipe fittings of malleable iron or steel, cast are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $726M

TOP NET IMPORTER (2019): United States, $175M

This map shows which countries export or import more of Pipe fittings of malleable iron or steel, cast. Each country is colored based on the difference in exports and imports of Pipe fittings of malleable iron or steel, cast during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Pipe fittings of malleable iron or steel, cast were China ($726M), Poland ($79.7M), Austria ($61.1M), Italy ($50.6M), and Thailand ($49.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Pipe fittings of malleable iron or steel, cast were United States ($175M), Canada ($111M), Japan ($35.7M), South Korea ($34.8M), and Egypt ($32.3M).

Import Tariffs

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In 2018, the average tariff for importing Pipe fittings of malleable iron or steel, cast was 7.09%.  The countries with the highest tariffs for importing Pipe fittings of malleable iron or steel, cast were Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Tanzania (23.6%), and Rwanda (23.5%).

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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.