HS Icon Towers and lattice masts, iron or steel

730820 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.59B, Rnk 859 / 4726

Top Exporter (2018): $724M, China

Top Importer (2018): $433M, United Kingdom

Product Complexity (2018): -0.58, Rnk 1981 / 2722

Export Growth (CAGR)(2017 - 2018): 32.5%, Rnk 701 / 4726

Mean Tariff (2018): 6.79%, Rnk 3284 / 6538

Share of World Trade (2018): 0.02%, Rnk 859 / 4726

Overview:  This page contains the latest trade data of Towers and lattice masts, iron or steel. In 2018, Towers and lattice masts, iron or steel were the world's 859th most traded product, with a total trade of $3.59B. Between 2017 and 2018 the exports of Towers and lattice masts, iron or steel grew by 32.5%, from  $2.71B to $3.59B. Trade in Towers and lattice masts, iron or steel represent 0.02% of total world trade.

Exports: In 2018 the top exporters of Towers and lattice masts, iron or steel  were China ($724M), Denmark ($452M), Spain ($288M), India ($271M), and Turkey ($239M).

Imports: In 2018 the top importers of Towers and lattice masts, iron or steel were United Kingdom ($433M), Germany ($326M), United States ($274M), France ($213M), and Australia ($156M).

Tariffs: In 2018 the average tariff for Towers and lattice masts, iron or steel was 6.79%, making it the 3284th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Towers and lattice masts, iron or steel are Bahamas (40.2%), Sri Lanka (29.7%), Bangladesh (25%), Bermuda (25%), and Kenya (23.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Towers and lattice masts, iron or steel ranks 1981st in the Product Complexity Index (PCI).

Description: The main uses of towers and lattice masts are to hold the antennas for communications and television broadcasting. Usually, the towers and lattice masts are made of iron or steel.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $724M

Top Destination (2018): United Kingdom, $433M

Towers and lattice masts, iron or steel are the world's 859th most traded product.

In 2018, the top exporters of Towers and lattice masts, iron or steel were China ($724M), Denmark ($452M), Spain ($288M), India ($271M), and Turkey ($239M).

In 2018, the top importers of Towers and lattice masts, iron or steel were United Kingdom ($433M), Germany ($326M), United States ($274M), France ($213M), and Australia ($156M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Denmark, $415M

Top Destination Growth (2017 - 2018): United Kingdom, $384M

Between 2017 and 2018, the exports of Towers and lattice masts, iron or steel grew the fastest in Denmark ($415M), Spain ($120M), Vietnam ($92.4M), United Arab Emirates ($59.3M), and Turkey ($55.9M).

Between 2017 and 2018, the fastest growing importers of Towers and lattice masts, iron or steel were United Kingdom ($384M), Sweden ($113M), France ($88.9M), Germany ($73.1M), and Belgium-Luxembourg ($68.2M).

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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 Towers and lattice masts, iron or steel.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Towers and lattice masts, iron or steel are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $720M

TOP NET IMPORTER (2018): United Kingdom, $421M

This map shows which countries export or import more of Towers and lattice masts, iron or steel. Each country is colored based on the difference in exports and imports of Towers and lattice masts, iron or steel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Towers and lattice masts, iron or steel were China ($720M), Denmark ($391M), Spain ($274M), India ($267M), and Turkey ($235M).

In 2018, the countries that had a largest trade value in imports than in exports of Towers and lattice masts, iron or steel were United Kingdom ($421M), United States ($238M), France ($178M), Australia ($150M), and Germany ($125M).

Import Tariffs

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In 2018, the average tariff for importing Towers and lattice masts, iron or steel was 6.79%.  The countries with the highest tariffs for importing Towers and lattice masts, iron or steel were Bahamas (40.2%), Sri Lanka (29.7%), Bangladesh (25%), Bermuda (25%), and Kenya (23.6%).

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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.