HS Icon Pipes etc nes, iron/steel welded nes,diameter <406.4m

730630 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $6.91B, Rnk 457 / 4648

2019
Top Exporter | Top Importer
: $1.08B | $741M, Italy | Germany

2019
Product Complexity
: -0.37, Rnk 3184 / 4826

2018 - 2019
Export Growth (CAGR)
: -10.8%, Rnk 3522 / 4648

2018
Mean Tariff
: 8.03%, Rnk 2833 / 6538

 2019
Share of World Trade
: 0.038%, Rnk 457 / 4648

Overview:  This page contains the latest trade data of Pipes etc nes, iron/steel welded nes,diameter <406.4m. In 2019, Pipes etc nes, iron/steel welded nes,diameter <406.4m were the world's 457th most traded product, with a total trade of $6.91B. Between 2018 and 2019 the exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m decreased by -10.8%, from  $7.75B to $6.91B. Trade in Pipes etc nes, iron/steel welded nes,diameter <406.4m represent 0.038% of total world trade.

Exports: In 2019 the top exporters of Pipes etc nes, iron/steel welded nes,diameter <406.4m  were Italy ($1.08B), China ($896M), Germany ($517M), Turkey ($432M), and United States ($428M).

Imports: In 2019 the top importers of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Germany ($741M), United States ($720M), Canada ($403M), France ($348M), and Poland ($286M).

Tariffs: In 2018 the average tariff for Pipes etc nes, iron/steel welded nes,diameter <406.4m was 8.03%, making it the 2833rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pipes etc nes, iron/steel welded nes,diameter <406.4m are Bahamas (40.2%), Sudan (30.6%), Nepal (30%), Bangladesh (25%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Pipes etc nes, iron/steel welded nes,diameter <406.4m ranks 3184th in the Product Complexity Index (PCI).

Description: Different types of pipes are used in different scenarios. For example, steel pipes are used for water and gas pipes. Steel pipes are welded to connect two lengths of pipes together. The diameter of the pipes varies depending on the type of material it is carrying.

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $1.08B

Top Destination (2019): Germany, $741M

Pipes etc nes, iron/steel welded nes,diameter <406.4m are the world's 457th most traded product.

In 2019, the top exporters of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Italy ($1.08B), China ($896M), Germany ($517M), Turkey ($432M), and United States ($428M).

In 2019, the top importers of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Germany ($741M), United States ($720M), Canada ($403M), France ($348M), and Poland ($286M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $16.2M

Top Destination Growth (2018 - 2019): Egypt, $32.4M

Between 2018 and 2019, the exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m grew the fastest in United Arab Emirates ($16.2M), India ($14.8M), Lithuania ($9.49M), Indonesia ($7.67M), and Russia ($6.22M).

Between 2018 and 2019, the fastest growing importers of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Egypt ($32.4M), Myanmar ($18.9M), Vietnam ($13.9M), Cambodia ($10.1M), and Uzbekistan ($9.77M).

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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 Pipes etc nes, iron/steel welded nes,diameter <406.4m.

In 2019,  market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m are explained by 25 countries.

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TOP NET EXPORTER (2019): Italy, $967M

TOP NET IMPORTER (2019): United States, $292M

This map shows which countries export or import more of Pipes etc nes, iron/steel welded nes,diameter <406.4m. Each country is colored based on the difference in exports and imports of Pipes etc nes, iron/steel welded nes,diameter <406.4m during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Pipes etc nes, iron/steel welded nes,diameter <406.4m were Italy ($967M), China ($712M), Turkey ($399M), South Korea ($282M), and India ($264M).

In 2019, the countries that had a largest trade value in imports than in exports of Pipes etc nes, iron/steel welded nes,diameter <406.4m were United States ($292M), France ($256M), Germany ($223M), Canada ($198M), and Mexico ($160M).

Import Tariffs

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In 2018, the average tariff for importing Pipes etc nes, iron/steel welded nes,diameter <406.4m was 8.03%.  The countries with the highest tariffs for importing Pipes etc nes, iron/steel welded nes,diameter <406.4m were Bahamas (40.2%), Sudan (30.6%), Nepal (30%), Bangladesh (25%), and Bermuda (25%).

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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.