HS Icon Tank, cask or container, iron/steel, capacity 50-300l

731010 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.53B, Rnk 1579 / 4726

Top Exporter (2018): $192M, Germany

Top Importer (2018): $180M, United States

Product Complexity (2018): -0.14, Rnk 1660 / 2722

Export Growth (CAGR)(2017 - 2018): 10%, Rnk 2661 / 4726

Mean Tariff (2018): 8.29%, Rnk 2755 / 6538

Share of World Trade (2018): 0.0083%, Rnk 1579 / 4726

Overview:  This page contains the latest trade data of Tank, cask or container, iron/steel, capacity 50-300l. In 2018, Tank, cask or container, iron/steel, capacity 50-300l were the world's 1579th most traded product, with a total trade of $1.53B. Between 2017 and 2018 the exports of Tank, cask or container, iron/steel, capacity 50-300l grew by 10%, from  $1.39B to $1.53B. Trade in Tank, cask or container, iron/steel, capacity 50-300l represent 0.0083% of total world trade.

Exports: In 2018 the top exporters of Tank, cask or container, iron/steel, capacity 50-300l  were Germany ($192M), China ($118M), Italy ($107M), United States ($90.5M), and Poland ($84.5M).

Imports: In 2018 the top importers of Tank, cask or container, iron/steel, capacity 50-300l were United States ($180M), Germany ($137M), Belgium-Luxembourg ($77.4M), France ($77.4M), and United Kingdom ($64.1M).

Tariffs: In 2018 the average tariff for Tank, cask or container, iron/steel, capacity 50-300l was 8.29%, been the 2755 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Tank, cask or container, iron/steel, capacity 50-300l are Bahamas (41.8%), Bangladesh (25%), Bermuda (25%), Tanzania (23.6%), and Rwanda (23.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Tank, cask or container, iron/steel, capacity 50-300l ranks 1660th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $192M

Top Destination (2018): United States, $180M

Tank, cask or container, iron/steel, capacity 50-300l are the world's 1579th most traded product.

In 2018, the top exporters of Tank, cask or container, iron/steel, capacity 50-300l were Germany ($192M), China ($118M), Italy ($107M), United States ($90.5M), and Poland ($84.5M).

In 2018, the top importers of Tank, cask or container, iron/steel, capacity 50-300l were United States ($180M), Germany ($137M), Belgium-Luxembourg ($77.4M), France ($77.4M), and United Kingdom ($64.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $44.9M

Top Destination Growth (2017 - 2018): United States, $45.3M

Between 2017 and 2018, the exports of Tank, cask or container, iron/steel, capacity 50-300l grew the fastest in Mexico ($44.9M), South Korea ($32.8M), Germany ($17.3M), Poland ($16.2M), and Czechia ($15.3M).

Between 2017 and 2018, the fastest growing importers of Tank, cask or container, iron/steel, capacity 50-300l were United States ($45.3M), Japan ($26M), Germany ($24.8M), United Kingdom ($20.6M), and China ($14.2M).

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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 Tank, cask or container, iron/steel, capacity 50-300l.

In 2018,  market concentration measured using Shannon Entropy, was 4.97. This means that most of the exports of Tank, cask or container, iron/steel, capacity 50-300l are explained by 31 countries.

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TOP NET EXPORTER (2018): Italy, $87.7M

TOP NET IMPORTER (2018): United States, $89.8M

This map shows which countries export or import more of Tank, cask or container, iron/steel, capacity 50-300l. Each country is colored based on the difference in exports and imports of Tank, cask or container, iron/steel, capacity 50-300l during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tank, cask or container, iron/steel, capacity 50-300l were Italy ($87.7M), Poland ($66.4M), China ($64.2M), Germany ($54.8M), and Czechia ($46.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Tank, cask or container, iron/steel, capacity 50-300l were United States ($89.8M), France ($54.1M), United Kingdom ($39.9M), Austria ($29.3M), and Belgium-Luxembourg ($21.2M).

Import Tariffs

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In 2018, the average tariff for importing Tank, cask or container, iron/steel, capacity 50-300l was 8.29%.  The countries with the highest tariffs for importing Tank, cask or container, iron/steel, capacity 50-300l were Bahamas (41.8%), Bangladesh (25%), Bermuda (25%), Tanzania (23.6%), and Rwanda (23.5%).

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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.