HS Icon Rock Wool

6806 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $4.84B, Rnk 507 / 1217

2019
Top Exporter | Top Importer
: $667M | $445M, Germany | Germany

2019
Product Complexity
: 0.7, Rnk 263 / 961

2018 - 2019
Export Growth (CAGR)
: -2.9%, Rnk 616 / 1217

2018
Mean Tariff
: 7.95%, Rnk 549 / 1259

 2019
Share of World Trade
: 0.027%, Rnk 507 / 1217

Overview:  This page contains the latest trade data of Rock Wool. In 2019, Rock Wool were the world's 507th most traded product, with a total trade of $4.84B. Between 2018 and 2019 the exports of Rock Wool decreased by -2.9%, from  $4.99B to $4.84B. Trade in Rock Wool represent 0.027% of total world trade.

Exports: In 2019 the top exporters of Rock Wool  were Germany ($667M), Japan ($391M), China ($383M), United States ($380M), and Poland ($369M).

Imports: In 2019 the top importers of Rock Wool were Germany ($445M), United States ($423M), France ($254M), Poland ($203M), and Italy ($197M).

Tariffs: In 2018 the average tariff for Rock Wool was 7.95%, making it the 549th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rock Wool are Bahamas (40.2%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Rock Wool ranks 263rd in the Product Complexity Index (PCI).

Description: Slag-wool is a type of mineral wool that is made from slag. It's used in the production of heat insulation, sound insulation, and other products. Rock-wool is another type of mineral wool that is made from rock. It's used in the production of heat insulation, sound insulation, and other products.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $667M

Top Destination (2019): Germany, $445M

Rock Wool are the world's 507th most traded product.

In 2019, the top exporters of Rock Wool were Germany ($667M), Japan ($391M), China ($383M), United States ($380M), and Poland ($369M).

In 2019, the top importers of Rock Wool were Germany ($445M), United States ($423M), France ($254M), Poland ($203M), and Italy ($197M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $37.4M

Top Destination Growth (2018 - 2019): United States, $18.1M

Between 2018 and 2019, the exports of Rock Wool grew the fastest in China ($37.4M), Canada ($19M), Kazakhstan ($11M), Philippines ($10.5M), and Mexico ($7.74M).

Between 2018 and 2019, the fastest growing importers of Rock Wool were United States ($18.1M), France ($14.4M), United Arab Emirates ($9.53M), Norway ($8.91M), and Belgium ($8.39M).

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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 Rock Wool.

In 2019,  market concentration measured using Shannon Entropy, was 4.7. This means that most of the exports of Rock Wool are explained by 25 countries.

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TOP NET EXPORTER (2019): Japan, $300M

TOP NET IMPORTER (2019): Italy, $152M

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

In 2019, the countries that had a largest trade value in exports than in imports of Rock Wool were Japan ($300M), Germany ($222M), China ($211M), Poland ($165M), and Netherlands ($143M).

In 2019, the countries that had a largest trade value in imports than in exports of Rock Wool were Italy ($152M), France ($116M), Austria ($73M), Switzerland ($66.3M), and Romania ($65.5M).

Disaggregation

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Value

In 2019, the world most traded Rock Wool, disaggragated by their HS6 level were Slag wool, rock wool, similar wools,... ($2.59B), Mineral heat or sound insulating materials... ($1.84B), and Exfoliated vermiculite, foamed slag, expanded mineral ($410M)

Import Tariffs

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In 2018, the average tariff for importing Rock Wool was 7.95%.  The countries with the highest tariffs for importing Rock Wool were Bahamas (40.2%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (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.