HS Icon Platinum Clad Metals

7111 (Harmonized System 1992 for 4-digit)

World Trade (2018): $360M, Rnk 1076 / 1225

Top Exporter (2018): $143M, Malaysia

Top Importer (2018): $147M, Japan

Export Growth (CAGR)(2017 - 2018): 82.8%, Rnk 23 / 1225

Mean Tariff (2018): 5.92%, Rnk 712 / 1259

Share of World Trade (2018): 0.002%, Rnk 1076 / 1225

Overview:  This page contains the latest trade data of Platinum Clad Metals. In 2018, Platinum Clad Metals were the world's 1076th most traded product, with a total trade of $360M. Between 2017 and 2018 the exports of Platinum Clad Metals grew by 82.8%, from  $197M to $360M. Trade in Platinum Clad Metals represent 0.002% of total world trade.

Exports: In 2018 the top exporters of Platinum Clad Metals  were Malaysia ($143M), Hungary ($114M), Portugal ($18.2M), Japan ($17.9M), and Czechia ($14M).

Imports: In 2018 the top importers of Platinum Clad Metals were Japan ($147M), Italy ($120M), Slovakia ($26.9M), China ($21.2M), and Philippines ($14.7M).

Tariffs: In 2018 the average tariff for Platinum Clad Metals was 5.92%, been the 712 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Platinum Clad Metals are Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cuba (29.6%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Malaysia, $143M

Top Destination (2018): Japan, $147M

Platinum Clad Metals are the world's 1076th most traded product.

In 2018, the top exporters of Platinum Clad Metals were Malaysia ($143M), Hungary ($114M), Portugal ($18.2M), Japan ($17.9M), and Czechia ($14M).

In 2018, the top importers of Platinum Clad Metals were Japan ($147M), Italy ($120M), Slovakia ($26.9M), China ($21.2M), and Philippines ($14.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Hungary, $114M

Top Destination Growth (2017 - 2018): Italy, $117M

Between 2017 and 2018, the exports of Platinum Clad Metals grew the fastest in Hungary ($114M), Malaysia ($20.7M), Portugal ($17.7M), Czechia ($11.3M), and Romania ($3.34M).

Between 2017 and 2018, the fastest growing importers of Platinum Clad Metals were Italy ($117M), Slovakia ($25.4M), Japan ($14.8M), United Kingdom ($4.08M), and Qatar ($1.63M).

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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 Platinum Clad Metals.

In 2018,  market concentration measured using Shannon Entropy, was 2.64. This means that most of the exports of Platinum Clad Metals are explained by 6 countries.

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TOP NET EXPORTER (2018): Malaysia, $142M

TOP NET IMPORTER (2018): Japan, $129M

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

In 2018, the countries that had a largest trade value in exports than in imports of Platinum Clad Metals were Malaysia ($142M), Hungary ($114M), Portugal ($17.4M), Czechia ($13.3M), and United States ($9.23M).

In 2018, the countries that had a largest trade value in imports than in exports of Platinum Clad Metals were Japan ($129M), Italy ($119M), Slovakia ($25.3M), China ($18.1M), and Philippines ($12.9M).

Trade Forecasts

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This section shows forecasts for total trade for Platinum Clad Metals. 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 Platinum Clad Metals was 5.92%.  The countries with the highest tariffs for importing Platinum Clad Metals were Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cuba (29.6%), and Cameroon (29.4%).

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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.