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730900 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.48BRnk 815 / 4644
2023
Top Exporter | Top Importer $656M | $708MChina | United States
2023
Product Complexity 0.22Rnk 2164 / 4656
2022 - 2023
Export Growth (CAGR) 6.41%Rnk 915 / 4644
2023
Share of World Trade 0.02%Rnk 815 / 4644

About

Overview This page contains the latest trade data of Reservoirs/tanks/vats/etc, iron/steel capacity >300l. In 2023, Reservoirs/tanks/vats/etc, iron/steel capacity >300l were the world's 815th most traded product, with a total trade of $4.48B. Between 2022 and 2023 the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l grew by 6.41%, from $4.21B to $4.48B. Trade in Reservoirs/tanks/vats/etc, iron/steel capacity >300l represent 0.02% of total world trade.

Reservoirs/tanks/vats/etc, iron/steel capacity >300l are a part of Large Iron Containers.

Exports In 2023 the top exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l  were China ($656M), Italy ($318M), United States ($314M), Germany ($308M), and South Korea ($283M).

Imports In 2023 the top importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($708M), Germany ($274M), France ($166M), Saudi Arabia ($152M), and China ($150M).

Ranking Reservoirs/tanks/vats/etc, iron/steel capacity >300l ranks 2164th in the Product Complexity Index (PCI).

Description Iron and steel capacity greater than 300 litres are used for multiple purposes. They are typically used for storing, heating, and distributing various fluids. They are also used for storing and heating water or for deep-frying.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Reservoirs/tanks/vats/etc, iron/steel capacity >300l. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$656M
Top Destination (2023)United States$708M

In 2023 Reservoirs/tanks/vats/etc, iron/steel capacity >300l were the world's 815th most traded product (out of 4,644).

In 2023, the top exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were China ($656M), Italy ($318M), United States ($314M), Germany ($308M), and South Korea ($283M).

In 2023, the top importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($708M), Germany ($274M), France ($166M), Saudi Arabia ($152M), and China ($150M).

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Exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l (2023)
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Importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$99.3M
Top Destination Growth (2022 -  2023)United States$117M

Between 2022 and 2023, the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l grew the fastest in South Korea ($99.3M), United Arab Emirates ($67.2M), Russia ($26.9M), China ($25.7M), and Canada ($19.8M).

Between 2022 and 2023, the fastest growing importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($117M), Indonesia ($55.3M), Uzbekistan ($38.8M), Singapore ($29.9M), and Saudi Arabia ($28.7M).

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Exporters of Reservoirs/tanks/vats/etc, iron/steel capacity >300l (2022 - 2023)

Importers of Reservoirs/tanks/vats/etc, iron/steel capacity >300l (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l.

In 2023, market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l are explained by 30 countries.

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Value of Exports in Reservoirs/tanks/vats/etc, iron/steel capacity >300l

Net Trade

TOP NET EXPORTER (2023)China$506M
TOP NET IMPORTER (2023)United States$394M

This map shows which countries export or import more of Reservoirs/tanks/vats/etc, iron/steel capacity >300l. Each country is colored based on the difference in exports and imports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were China ($506M), Italy ($267M), South Korea ($228M), Spain ($190M), and Poland ($138M).

In 2023, the countries that had a largest trade value in imports than in exports of Reservoirs/tanks/vats/etc, iron/steel capacity >300l were United States ($394M), Saudi Arabia ($135M), Indonesia ($131M), Norway ($107M), and Switzerland ($88.7M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Reservoirs/tanks/vats/etc, iron/steel capacity >300l.
It is possible to select the main countries that export or import Reservoirs/tanks/vats/etc, iron/steel capacity >300l in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Reservoirs/tanks/vats/etc, iron/steel capacity >300l by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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