Life jackets and life belts630720 (Harmonized System 1992 for 6-digit)
2020 World Trade: $466M, Rnk 2733 / 4613
2020 Top Exporter | Top Importer: $202M | $128M, China | United States
2020 Product Complexity: -0.76, Rnk 3642 / 4783
2019 - 2020 Export Growth (CAGR): -11.2%, Rnk 2655 / 4613
2018 Mean Tariff: 16%, Rnk 919 / 6538
2020 Share of World Trade: 0.0028%, Rnk 2733 / 4613
Overview This page contains the latest trade data of Life jackets and life belts. In 2020, Life jackets and life belts were the world's 2733rd most traded product, with a total trade of $466M. Between 2019 and 2020 the exports of Life jackets and life belts decreased by -11.2%, from $525M to $466M. Trade in Life jackets and life belts represent 0.0028% of total world trade.
Life jackets and life belts are a part of Other Cloth Articles.
Exports In 2020 the top exporters of Life jackets and life belts were China ($202M), United States ($24.2M), Poland ($21.9M), Cambodia ($17.9M), and United Kingdom ($15M).
Imports In 2020 the top importers of Life jackets and life belts were United States ($128M), France ($23.3M), Japan ($21M), Canada ($21M), and Germany ($20.6M).
Tariffs In 2018 the average tariff for Life jackets and life belts was 16%, making it the 919th lowest tariff using the HS6 product classification.
Ranking Life jackets and life belts ranks 3642nd in the Product Complexity Index (PCI).
Description Life jackets and life belts are used to keep people afloat in the water. Life jackets are intended for people who cannot swim or who are not good swimmers. Life belts are intended for people who can swim but are still more buoyant than others, or for people who are not good swimmers and are not strong swimmers.
The following visualization shows the latest trends on Life jackets and life belts. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $202M
Top Destination (2020): United States, $128M
Life jackets and life belts are the world's 2733rd most traded product.
In 2020, the top exporters of Life jackets and life belts were China ($202M), United States ($24.2M), Poland ($21.9M), Cambodia ($17.9M), and United Kingdom ($15M).
In 2020, the top importers of Life jackets and life belts were United States ($128M), France ($23.3M), Japan ($21M), Canada ($21M), and Germany ($20.6M).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $3.79M
Top Destination Growth (2019 - 2020): Norway, $8.21M
Between 2019 and 2020, the exports of Life jackets and life belts grew the fastest in Vietnam ($3.79M), Burma ($2.32M), Ukraine ($1.81M), Indonesia ($1.26M), and Cambodia ($943k).
Between 2019 and 2020, the fastest growing importers of Life jackets and life belts were Norway ($8.21M), Chile ($2.2M), South Africa ($1.65M), China ($1.48M), and Senegal ($1.11M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Life jackets and life belts.
In 2020, market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Life jackets and life belts are explained by 14 countries.
TOP NET EXPORTER (2020): China, $194M
TOP NET IMPORTER (2020): United States, $103M
This map shows which countries export or import more of Life jackets and life belts. Each country is colored based on the difference in exports and imports of Life jackets and life belts during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Life jackets and life belts were China ($194M), Cambodia ($17.8M), Poland ($17.7M), Burma ($14.1M), and Vietnam ($10.1M).
In 2020, the countries that had a largest trade value in imports than in exports of Life jackets and life belts were United States ($103M), Japan ($19.2M), Canada ($17.4M), Norway ($16M), and Australia ($13M).
This visualization shows the countries that have an important ratio of their trade related to Life jackets and life belts. It is possible to select the main countries that export or import Life jackets and life belts in the world, or by continent, as well as select the measure of interest.
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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