HS Icon Artificial Vegetation

6702 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.53B, Rnk 592 / 1225

Top Exporter (2018): $3.16B, China

Top Importer (2018): $1.17B, United States

Product Complexity (2018): -0.32, Rnk 646 / 1018

Export Growth (CAGR)(2017 - 2018): 44.8%, Rnk 86 / 1225

Mean Tariff (2018): 16.3%, Rnk 162 / 1259

Share of World Trade (2018): 0.019%, Rnk 592 / 1225

Overview: In 2018, Artificial Vegetation were the world's 592nd most traded product, with a total trade of $3.53B. Between 2017 and 2018 the exports of Artificial Vegetation grew by 44.8%, from  $2.44B to $3.53B. Trade in Artificial Vegetation represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Artificial Vegetation  were China ($3.16B), Germany ($75.9M), Netherlands ($71M), Hong Kong ($55.5M), and Belgium-Luxembourg ($20.3M).

Imports: In 2018 the top importers of Artificial Vegetation were United States ($1.17B), Germany ($181M), Netherlands ($174M), United Kingdom ($135M), and Poland ($128M).

Tariffs: In 2018 the average tariff for Artificial Vegetation was 16.3%, been the 162 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Vegetation are Iran (65%), Cape Verde (50%), Egypt (44.7%), Bahamas (41.3%), and Zimbabwe (36.5%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Artificial Vegetation ranks 646th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.16B

Top Destination (2018): United States, $1.17B

Artificial Vegetation are the world's 592nd most traded product.

In 2018, the top exporters of Artificial Vegetation were China ($3.16B), Germany ($75.9M), Netherlands ($71M), Hong Kong ($55.5M), and Belgium-Luxembourg ($20.3M).

In 2018, the top importers of Artificial Vegetation were United States ($1.17B), Germany ($181M), Netherlands ($174M), United Kingdom ($135M), and Poland ($128M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $962M

Top Destination Growth (2017 - 2018): United States, $378M

Between 2017 and 2018, the exports of Artificial Vegetation grew the fastest in China ($962M), Germany ($33.5M), Netherlands ($30.8M), Hong Kong ($16.3M), and Belgium-Luxembourg ($9.37M).

Between 2017 and 2018, the fastest growing importers of Artificial Vegetation were United States ($378M), Netherlands ($100M), Singapore ($78.9M), Poland ($52.5M), and India ($47.4M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Artificial Vegetation.

In 2018,  market concentration measured using Shannon Entropy, was 0.91. This means that most of the exports of Artificial Vegetation are explained by 1 countries.

TOP NET EXPORTER (2018): China, $3.16B

TOP NET IMPORTER (2018): United States, $1.16B

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

In 2018, the countries that had a largest trade value in exports than imports of Artificial Vegetation were China ($3.16B), Cambodia ($348k), Nepal ($49k), Rwanda ($12k), and Cocos (Keeling) Islands ($3.31k).

In 2018, the countries that had a largest trade value in imports than exports of Artificial Vegetation were United States ($1.16B), United Kingdom ($126M), Poland ($114M), Germany ($105M), and France ($104M).

Trade Forecasts

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This section shows forecasts for total trade for Artificial Vegetation. 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 Artificial Vegetation was 16.3%.  The countries with the highest tariffs for importing Artificial Vegetation were Iran (65%), Cape Verde (50%), Egypt (44.7%), Bahamas (41.3%), 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.