HS Icon Awnings, Tents, and Sails

6306 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.5B, Rnk 537 / 1225

Top Exporter (2018): $2.2B, China

Top Importer (2018): $757M, United States

Product Complexity (2018): -0.67, Rnk 742 / 1018

Export Growth (CAGR)(2017 - 2018): 17.6%, Rnk 404 / 1225

Mean Tariff (2018): 19.1%, Rnk 124 / 1259

Share of World Trade (2018): 0.024%, Rnk 537 / 1225

Overview: In 2018, Awnings, Tents, and Sails were the world's 537th most traded product, with a total trade of $4.5B. Between 2017 and 2018 the exports of Awnings, Tents, and Sails grew by 17.6%, from  $3.83B to $4.5B. Trade in Awnings, Tents, and Sails represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Awnings, Tents, and Sails  were China ($2.2B), Germany ($270M), Bangladesh ($226M), Poland ($123M), and United States ($123M).

Imports: In 2018 the top importers of Awnings, Tents, and Sails were United States ($757M), Germany ($415M), France ($300M), United Kingdom ($245M), and Netherlands ($226M).

Tariffs: In 2018 the average tariff for Awnings, Tents, and Sails was 19.1%, been the 124 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Awnings, Tents, and Sails are Iran (65%), Syria (51.2%), Bahamas (39.6%), Bolivia (38.5%), and Zimbabwe (36.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Switzerland (0%).

Ranking: Awnings, Tents, and Sails ranks 742nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.2B

Top Destination (2018): United States, $757M

Awnings, Tents, and Sails are the world's 537th most traded product.

In 2018, the top exporters of Awnings, Tents, and Sails were China ($2.2B), Germany ($270M), Bangladesh ($226M), Poland ($123M), and United States ($123M).

In 2018, the top importers of Awnings, Tents, and Sails were United States ($757M), Germany ($415M), France ($300M), United Kingdom ($245M), and Netherlands ($226M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $270M

Top Destination Growth (2017 - 2018): Germany, $90.1M

Between 2017 and 2018, the exports of Awnings, Tents, and Sails grew the fastest in China ($270M), Germany ($43.7M), Netherlands ($41.6M), France ($34.1M), and Belgium-Luxembourg ($32.2M).

Between 2017 and 2018, the fastest growing importers of Awnings, Tents, and Sails were Germany ($90.1M), United Kingdom ($77.1M), France ($69.6M), Netherlands ($56.3M), and Canada ($50.6M).

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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 Awnings, Tents, and Sails.

In 2018,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Awnings, Tents, and Sails are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $2.18B

TOP NET IMPORTER (2018): United States, $634M

This map shows which countries export or import more of Awnings, Tents, and Sails. Each country is colored based on the difference in exports and imports of Awnings, Tents, and Sails during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Awnings, Tents, and Sails were China ($2.18B), Bangladesh ($217M), Vietnam ($94M), Pakistan ($79.8M), and Chinese Taipei ($47.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Awnings, Tents, and Sails were United States ($634M), France ($193M), Australia ($187M), United Kingdom ($173M), and Germany ($145M).

Trade Forecasts

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This section shows forecasts for total trade for Awnings, Tents, and Sails. 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 Awnings, Tents, and Sails was 19.1%.  The countries with the highest tariffs for importing Awnings, Tents, and Sails were Iran (65%), Syria (51.2%), Bahamas (39.6%), Bolivia (38.5%), and Zimbabwe (36.5%).

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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.