HS Icon Raw Aluminium

7601 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Raw Aluminium. In 2019, Raw Aluminium were the world's 68th most traded product, with a total trade of $51.4B. Between 2018 and 2019 the exports of Raw Aluminium decreased by -16.4%, from $61.5B to $51.4B. Trade in Raw Aluminium represent 0.28% of total world trade.

Exports In 2019 the top exporters of Raw Aluminium  were Canada ($5.45B), Russia ($5.21B), United Arab Emirates ($4.91B), India ($3.92B), and Norway ($2.93B).

Imports In 2019 the top importers of Raw Aluminium were United States ($8.63B), Japan ($4.44B), Germany ($4.44B), Netherlands ($3.36B), and South Korea ($2.9B).

Tariffs In 2018 the average tariff for Raw Aluminium was 3.36%, making it the 1099th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Aluminium are Bahamas (40.2%), Bermuda (25%), Tajikistan (13.1%), Romania (12.9%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Raw Aluminium ranks 847th in the Product Complexity Index (PCI).

Description Unwrought aluminium is an unprocessed form of aluminium. It's used in the production of other goods, such as pots and pans.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Canada, $5.45B

Top Destination (2019): United States, $8.63B

Raw Aluminium are the world's 68th most traded product.

In 2019, the top exporters of Raw Aluminium were Canada ($5.45B), Russia ($5.21B), United Arab Emirates ($4.91B), India ($3.92B), and Norway ($2.93B).

In 2019, the top importers of Raw Aluminium were United States ($8.63B), Japan ($4.44B), Germany ($4.44B), Netherlands ($3.36B), and South Korea ($2.9B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Bahrain, $308M

Top Destination Growth (2018 - 2019): Malaysia, $247M

Between 2018 and 2019, the exports of Raw Aluminium grew the fastest in Bahrain ($308M), Turkey ($52.8M), Azerbaijan ($11.5M), Hong Kong ($8.24M), and Belgium ($6.7M).

Between 2018 and 2019, the fastest growing importers of Raw Aluminium were Malaysia ($247M), China ($183M), Singapore ($113M), South Korea ($64.6M), and Spain ($49.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Raw Aluminium.

In 2019,  market concentration measured using Shannon Entropy, was 4.86. This means that most of the exports of Raw Aluminium are explained by 29 countries.

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TOP NET EXPORTER (2019): Russia, $5.14B

TOP NET IMPORTER (2019): United States, $7.68B

This map shows which countries export or import more of Raw Aluminium. Each country is colored based on the difference in exports and imports of Raw Aluminium during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Raw Aluminium were Russia ($5.14B), Canada ($5.04B), United Arab Emirates ($4.87B), India ($3.39B), and Norway ($2.69B).

In 2019, the countries that had a largest trade value in imports than in exports of Raw Aluminium were United States ($7.68B), Japan ($4.37B), Germany ($3.47B), South Korea ($2.4B), and Italy ($1.69B).

Disaggregation

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Value

In 2019, the world most traded Raw Aluminium, disaggragated by their HS6 level were Aluminium unwrought, alloyed ($27.7B) and Aluminium unwrought, not alloyed ($23.6B)

Import Tariffs

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In 2018, the average tariff for importing Raw Aluminium was 3.36%. The countries with the highest tariffs for importing Raw Aluminium were Bahamas (40.2%), Bermuda (25%), Tajikistan (13.1%), Romania (12.9%), and Aruba (12%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Raw Aluminium to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.