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Pricing

Reservoirs, tanks, vats and similar containers; for any material (excluding compressed or liquefied gas), of iron or steel, capacity exceeding 300l, whether or not lined or heat insulated

7309 (Harmonized System 1992 for 4-digit)

2022
World Trade $4.65BRnk 577 / 1218
2022
Top Exporter | Top Importer $756M | $526MChina | United States
2022
Product Complexity 0.3Rnk 465 / 1033
2021 - 2022
Export Growth (CAGR) 8.36%Rnk 467 / 1218
2022
Share of World Trade 0.02%Rnk 577 / 1218

About

Overview This page contains the latest trade data of Large Iron Containers. In 2022, Large Iron Containers were the world's 577th most traded product, with a total trade of $4.65B. Between 2021 and 2022 the exports of Large Iron Containers grew by 8.36%, from $4.29B to $4.65B. Trade in Large Iron Containers represent 0.02% of total world trade.

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

Exports In 2022 the top exporters of Large Iron Containers  were China ($756M), Germany ($353M), Italy ($353M), United States ($300M), and South Korea ($287M).

Imports In 2022 the top importers of Large Iron Containers were United States ($526M), Germany ($342M), France ($215M), Austria ($150M), and China ($146M).

Ranking Large Iron Containers ranks 465th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Large Iron Containers. 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 (2022)China$756M
Top Destination (2022)United States$526M

In 2022 Large Iron Containers were the world's 577th most traded product (out of 1,218).

In 2022, the top exporters of Large Iron Containers were China ($756M), Germany ($353M), Italy ($353M), United States ($300M), and South Korea ($287M).

In 2022, the top importers of Large Iron Containers were United States ($526M), Germany ($342M), France ($215M), Austria ($150M), and China ($146M).

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Exporters of Large Iron Containers (2022)
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Importers of Large Iron Containers (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$93M
Top Destination Growth (2021 -  2022)United States$93.4M

Between 2021 and 2022, the exports of Large Iron Containers grew the fastest in South Korea ($93M), China ($69.1M), Italy ($43.4M), Spain ($40.5M), and Mexico ($33.9M).

Between 2021 and 2022, the fastest growing importers of Large Iron Containers were United States ($93.4M), Malaysia ($63.1M), Hungary ($48.4M), Thailand ($42.7M), and Turkey ($41.8M).

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Exporters of Large Iron Containers (2021 - 2022)

Importers of Large Iron Containers (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Large Iron Containers.

In 2022, market concentration measured using Shannon Entropy, was 4.85. This means that most of the exports of Large Iron Containers are explained by 28 countries.

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Value of Exports in Large Iron Containers

Net Trade

TOP NET EXPORTER (2022)China$609M
TOP NET IMPORTER (2022)United States$226M

This map shows which countries export or import more of Large Iron Containers. Each country is colored based on the difference in exports and imports of Large Iron Containers during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Large Iron Containers were China ($609M), Italy ($312M), South Korea ($198M), Poland ($198M), and Spain ($186M).

In 2022, the countries that had a largest trade value in imports than in exports of Large Iron Containers were United States ($226M), France ($108M), Switzerland ($94M), Indonesia ($84.5M), and Norway ($82.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Large Iron Containers.
It is possible to select the main countries that export or import Large Iron Containers in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Large Iron Containers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $7.69M
TOP IMPORT POTENTIALChina+ $4.49M

Large Iron Containers’s highest export potential is United States. With an export gap of $7.69M.  Large Iron Containers’s highest import potential is China with an import gap of $4.49M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Large Iron Containers.

Country by Relatedness

The following visualization shows the relatedness of Large Iron Containers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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