Seats9401 (Harmonized System 1992 for 4-digit)
2020 World Trade: $76.2B, Rnk 30 / 1217
2020 Top Exporter | Top Importer: $26.7B | $20.9B, China | United States
2020 Product Complexity: -0.18, Rnk 606 / 1028
2019 - 2020 Export Growth (CAGR): -7.55%, Rnk 625 / 1217
2018 Mean Tariff: 14.2%, Rnk 220 / 1259
2020 Share of World Trade: 0.46%, Rnk 30 / 1217
Overview This page contains the latest trade data of Seats. In 2020, Seats were the world's 30th most traded product, with a total trade of $76.2B. Between 2019 and 2020 the exports of Seats decreased by -7.55%, from $82.5B to $76.2B. Trade in Seats represent 0.46% of total world trade.
Seats are a part of Furniture, bedding, lamps, & prefab buildings. They include Parts of seats, Seats with wooden frames, upholstered nes, Seats with metal frames, upholstered nes, Seats with metal frames, nes, Seats; adjustable, Seats with wooden frames, nes, Seats nes, Seats; motor vehicles, Seats; sofa bed, and Seats; aircraft, among others.
Exports In 2020 the top exporters of Seats were China ($26.7B), Poland ($5.69B), Mexico ($5.66B), Vietnam ($4.24B), and Germany ($3.8B).
Imports In 2020 the top importers of Seats were United States ($20.9B), Germany ($8.29B), France ($3.76B), United Kingdom ($3.14B), and Canada ($2.82B).
Tariffs In 2018 the average tariff for Seats was 14.2%, making it the 220th lowest tariff using the HS4 product classification.
Ranking Seats ranks 606th in the Product Complexity Index (PCI).
Description Seats are used in the production of other goods. They can be made from a variety of materials, including wood, plastic, and metal.
The following visualization shows the latest trends on Seats. 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, $26.7B
Top Destination (2020): United States, $20.9B
Seats are the world's 30th most traded product.
In 2020, the top exporters of Seats were China ($26.7B), Poland ($5.69B), Mexico ($5.66B), Vietnam ($4.24B), and Germany ($3.8B).
In 2020, the top importers of Seats were United States ($20.9B), Germany ($8.29B), France ($3.76B), United Kingdom ($3.14B), and Canada ($2.82B).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $943M
Top Destination Growth (2019 - 2020): Australia, $195M
Between 2019 and 2020, the exports of Seats grew the fastest in Vietnam ($943M), Netherlands ($96M), Denmark ($56.5M), Indonesia ($20.1M), and Belarus ($17.2M).
Between 2019 and 2020, the fastest growing importers of Seats were Australia ($195M), Vietnam ($137M), Netherlands ($68.8M), Denmark ($39.2M), and Hungary ($34.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Seats.
In 2020, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Seats are explained by 16 countries.
TOP NET EXPORTER (2020): China, $25.6B
TOP NET IMPORTER (2020): United States, $18B
This map shows which countries export or import more of Seats. Each country is colored based on the difference in exports and imports of Seats during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Seats were China ($25.6B), Mexico ($4.04B), Poland ($3.96B), Vietnam ($3.59B), and Italy ($2.1B).
In 2020, the countries that had a largest trade value in imports than in exports of Seats were United States ($18B), Germany ($4.48B), France ($2.6B), Japan ($2.06B), and United Kingdom ($1.77B).
In 2020, the world most traded Seats, disaggragated by their HS6 level were Parts of seats ($25.9B), Seats with wooden frames, upholstered nes ($18.2B), Seats with metal frames, upholstered nes ($7.76B), Seats; adjustable ($5.8B), and Seats with metal frames, nes ($5.69B)
This visualization shows the countries that have an important ratio of their trade related to Seats. It is possible to select the main countries that export or import Seats 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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