HS Icon Wire bars, copper, unwrought

740312 (Harmonized System 1992 for 6-digit)

World Trade (2018): $136M, Rnk 3939 / 4726

Top Exporter (2018): $48.1M, Russia

Top Importer (2018): $93.2M, Qatar

Export Growth (CAGR)(2017 - 2018): 338%, Rnk 12 / 4726

Mean Tariff (2018): 2.12%, Rnk 6157 / 6538

Share of World Trade (2018): 0.00074%, Rnk 3939 / 4726

Overview:  This page contains the latest trade data of Wire bars, copper, unwrought. In 2018, Wire bars, copper, unwrought were the world's 3939th most traded product, with a total trade of $136M. Between 2017 and 2018 the exports of Wire bars, copper, unwrought grew by 338%, from  $31.1M to $136M. Trade in Wire bars, copper, unwrought represent 0.00074% of total world trade.

Exports: In 2018 the top exporters of Wire bars, copper, unwrought  were Russia ($48.1M), India ($32.5M), South Africa ($11M), Italy ($8.86M), and Poland ($5.67M).

Imports: In 2018 the top importers of Wire bars, copper, unwrought were Qatar ($93.2M), Italy ($10.4M), Spain ($5.47M), Netherlands ($4.4M), and China ($2.59M).

Tariffs: In 2018 the average tariff for Wire bars, copper, unwrought was 2.12%, been the 6157 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Wire bars, copper, unwrought are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Zambia (13.6%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $48.1M

Top Destination (2018): Qatar, $93.2M

Wire bars, copper, unwrought are the world's 3939th most traded product.

In 2018, the top exporters of Wire bars, copper, unwrought were Russia ($48.1M), India ($32.5M), South Africa ($11M), Italy ($8.86M), and Poland ($5.67M).

In 2018, the top importers of Wire bars, copper, unwrought were Qatar ($93.2M), Italy ($10.4M), Spain ($5.47M), Netherlands ($4.4M), and China ($2.59M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Russia, $47.9M

Top Destination Growth (2017 - 2018): Qatar, $92.8M

Between 2017 and 2018, the exports of Wire bars, copper, unwrought grew the fastest in Russia ($47.9M), India ($32.3M), South Africa ($5.2M), Hungary ($5.02M), and Peru ($3.54M).

Between 2017 and 2018, the fastest growing importers of Wire bars, copper, unwrought were Qatar ($92.8M), Italy ($6.73M), Netherlands ($4.39M), China ($1.9M), and Indonesia ($1.69M).

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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 Wire bars, copper, unwrought.

In 2018,  market concentration measured using Shannon Entropy, was 3.13. This means that most of the exports of Wire bars, copper, unwrought are explained by 8 countries.

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TOP NET EXPORTER (2018): Russia, $47.8M

TOP NET IMPORTER (2018): Spain, $5.39M

This map shows which countries export or import more of Wire bars, copper, unwrought. Each country is colored based on the difference in exports and imports of Wire bars, copper, unwrought during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Wire bars, copper, unwrought were Russia ($47.8M), India ($32.2M), South Africa ($11M), Poland ($5.67M), and Hungary ($4.94M).

In 2018, the countries that had a largest trade value in imports than in exports of Wire bars, copper, unwrought were Spain ($5.39M), Netherlands ($3.23M), Slovakia ($1.87M), Singapore ($1.84M), and Italy ($1.56M).

Trade Forecasts

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This section shows forecasts for total trade for Wire bars, copper, unwrought. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Wire bars, copper, unwrought was 2.12%.  The countries with the highest tariffs for importing Wire bars, copper, unwrought were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Zambia (13.6%), and Algeria (12.2%).

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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.