Titanium8108 (Harmonized System 1992 for 4-digit)
World Trade (2018): $6.22B, Rnk 449 / 1225
Top Exporter (2018): $1.98B, United States
Top Importer (2018): $890M, United States
Product Complexity (2018): 0.55, Rnk 349 / 1018
Export Growth (CAGR)(2017 - 2018): 9.88%, Rnk 783 / 1225
Mean Tariff (2018): 3.02%, Rnk 1136 / 1259
Share of World Trade (2018): 0.034%, Rnk 449 / 1225
Overview: This page contains the latest trade data of Titanium. In 2018, Titanium were the world's 449th most traded product, with a total trade of $6.22B. Between 2017 and 2018 the exports of Titanium grew by 9.88%, from $5.66B to $6.22B. Trade in Titanium represent 0.034% of total world trade.
Exports: In 2018 the top exporters of Titanium were United States ($1.98B), Russia ($676M), Japan ($605M), Germany ($546M), and United Kingdom ($485M).
Imports: In 2018 the top importers of Titanium were United States ($890M), France ($774M), Germany ($678M), United Kingdom ($656M), and China ($347M).
Tariffs: In 2018 the average tariff for Titanium was 3.02%, been the 1136 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Titanium are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (15%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Titanium ranks 349th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): United States, $1.98B
Top Destination (2018): United States, $890M
Titanium are the world's 449th most traded product.
In 2018, the top exporters of Titanium were United States ($1.98B), Russia ($676M), Japan ($605M), Germany ($546M), and United Kingdom ($485M).
In 2018, the top importers of Titanium were United States ($890M), France ($774M), Germany ($678M), United Kingdom ($656M), and China ($347M).
Trade by country
Top Origin Growth (2017 - 2018): United States, $212M
Top Destination Growth (2017 - 2018): United States, $165M
Between 2017 and 2018, the exports of Titanium grew the fastest in United States ($212M), Germany ($115M), China ($77.5M), Japan ($64.4M), and United Kingdom ($62.3M).
Between 2017 and 2018, the fastest growing importers of Titanium were United States ($165M), Canada ($119M), United Kingdom ($71.4M), Italy ($55.9M), and Russia ($54.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Titanium.
In 2018, market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Titanium are explained by 11 countries.
TOP NET EXPORTER (2018): United States, $1.09B
TOP NET IMPORTER (2018): France, $512M
This map shows which countries export or import more of Titanium. Each country is colored based on the difference in exports and imports of Titanium during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Titanium were United States ($1.09B), Russia ($546M), Japan ($290M), Kazakhstan ($239M), and China ($89.4M).
In 2018, the countries that had a largest trade value in imports than in exports of Titanium were France ($512M), United Kingdom ($171M), Italy ($168M), South Korea ($168M), and Germany ($132M).
In 2018, the average tariff for importing Titanium was 3.02%. The countries with the highest tariffs for importing Titanium were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (15%), and Nepal (14.8%).
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.
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