HS Icon Fake Hair

6704 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.28B, Rnk 604 / 1225

Top Exporter (2018): $2.09B, China

Top Importer (2018): $1.51B, United States

Product Complexity (2018): -2.17, Rnk 1002 / 1018

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 567 / 1225

Mean Tariff (2018): 15.8%, Rnk 170 / 1259

Share of World Trade (2018): 0.018%, Rnk 604 / 1225

Overview: In 2018, Fake Hair were the world's 604th most traded product, with a total trade of $3.28B. Between 2017 and 2018 the exports of Fake Hair grew by 13.9%, from  $2.88B to $3.28B. Trade in Fake Hair represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Fake Hair  were China ($2.09B), Indonesia ($448M), Bangladesh ($77.4M), Germany ($66.3M), and Senegal ($62.1M).

Imports: In 2018 the top importers of Fake Hair were United States ($1.51B), Benin ($363M), United Kingdom ($137M), Japan ($126M), and Nigeria ($88.5M).

Tariffs: In 2018 the average tariff for Fake Hair was 15.8%, been the 170 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Fake Hair are Iran (65%), Cape Verde (50%), Syria (46%), Bahamas (41.3%), and Zimbabwe (36.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Fake Hair ranks 1002nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.09B

Top Destination (2018): United States, $1.51B

Fake Hair are the world's 604th most traded product.

In 2018, the top exporters of Fake Hair were China ($2.09B), Indonesia ($448M), Bangladesh ($77.4M), Germany ($66.3M), and Senegal ($62.1M).

In 2018, the top importers of Fake Hair were United States ($1.51B), Benin ($363M), United Kingdom ($137M), Japan ($126M), and Nigeria ($88.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $283M

Top Destination Growth (2017 - 2018): Benin, $148M

Between 2017 and 2018, the exports of Fake Hair grew the fastest in China ($283M), Germany ($29M), Bangladesh ($18.2M), North Korea ($13.7M), and Senegal ($12.2M).

Between 2017 and 2018, the fastest growing importers of Fake Hair were Benin ($148M), United States ($69M), Nigeria ($27.4M), Malaysia ($25.4M), and China ($16.8M).

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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 Fake Hair.

In 2018,  market concentration measured using Shannon Entropy, was 2.38. This means that most of the exports of Fake Hair are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $2.05B

TOP NET IMPORTER (2018): United States, $1.45B

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

In 2018, the countries that had a largest trade value in exports than in imports of Fake Hair were China ($2.05B), Indonesia ($441M), Bangladesh ($57.7M), Senegal ($55.8M), and Vietnam ($42.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Fake Hair were United States ($1.45B), Benin ($363M), Japan ($123M), United Kingdom ($111M), and Nigeria ($65.7M).

Trade Forecasts

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This section shows forecasts for total trade for Fake Hair. 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 Fake Hair was 15.8%.  The countries with the highest tariffs for importing Fake Hair were Iran (65%), Cape Verde (50%), Syria (46%), 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.