HS Icon Reservoirs/tanks/vats/etc, iron/steel capacity >300l

730900 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.85B, Rnk 812 / 4726

Top Exporter (2018): $391M, China

Top Importer (2018): $486M, United States

Product Complexity (2018): -0.056, Rnk 1587 / 2722

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 2056 / 4726

Mean Tariff (2018): 8.12%, Rnk 2805 / 6538

Share of World Trade (2018): 0.021%, Rnk 812 / 4726

Overview:  This page contains the latest trade data of Reservoirs/tanks/vats/etc, iron/steel capacity >300l. In 2018, Reservoirs/tanks/vats/etc, iron/steel capacity >300l were the world's 812th most traded product, with a total trade of $3.85B. Between 2017 and 2018 the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l grew by 13.9%, from  $3.38B to $3.85B. Trade in Reservoirs/tanks/vats/etc, iron/steel capacity >300l represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l  were China ($391M), Germany ($371M), United States ($359M), Italy ($282M), and Poland ($232M).

Imports: In 2018 the top importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($486M), Germany ($262M), France ($166M), China ($145M), and Canada ($135M).

Tariffs: In 2018 the average tariff for Reservoirs/tanks/vats/etc, iron/steel capacity >300l was 8.12%, making it the 2805th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Reservoirs/tanks/vats/etc, iron/steel capacity >300l are Bahamas (41.8%), Angola (30%), Algeria (29%), Syria (25.3%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Reservoirs/tanks/vats/etc, iron/steel capacity >300l ranks 1587th in the Product Complexity Index (PCI).

Description: Iron and steel capacity greater than 300 litres are used for multiple purposes. They are typically used for storing, heating, and distributing various fluids. They are also used for storing and heating water or for deep-frying.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $391M

Top Destination (2018): United States, $486M

Reservoirs/tanks/vats/etc, iron/steel capacity >300l are the world's 812th most traded product.

In 2018, the top exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were China ($391M), Germany ($371M), United States ($359M), Italy ($282M), and Poland ($232M).

In 2018, the top importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($486M), Germany ($262M), France ($166M), China ($145M), and Canada ($135M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $89M

Top Destination Growth (2017 - 2018): Germany, $94.1M

Between 2017 and 2018, the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l grew the fastest in Poland ($89M), Germany ($59.6M), Spain ($59.5M), Canada ($52.3M), and Thailand ($36.1M).

Between 2017 and 2018, the fastest growing importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were Germany ($94.1M), Saudi Arabia ($89M), Japan ($48.1M), France ($44.2M), and Lithuania ($36.9M).

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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 Reservoirs/tanks/vats/etc, iron/steel capacity >300l.

In 2018,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l are explained by 30 countries.

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TOP NET EXPORTER (2018): Italy, $250M

TOP NET IMPORTER (2018): United States, $127M

This map shows which countries export or import more of Reservoirs/tanks/vats/etc, iron/steel capacity >300l. Each country is colored based on the difference in exports and imports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were Italy ($250M), China ($246M), Poland ($202M), Spain ($153M), and South Korea ($151M).

In 2018, the countries that had a largest trade value in imports than in exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($127M), Saudi Arabia ($108M), France ($80.2M), Switzerland ($61.4M), and Norway ($56.4M).

Import Tariffs

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In 2018, the average tariff for importing Reservoirs/tanks/vats/etc, iron/steel capacity >300l was 8.12%.  The countries with the highest tariffs for importing Reservoirs/tanks/vats/etc, iron/steel capacity >300l were Bahamas (41.8%), Angola (30%), Algeria (29%), Syria (25.3%), 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.