HS Icon Glass Balls

7002 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.03B, Rnk 731 / 1225

Top Exporter (2018): $682M, Germany

Top Importer (2018): $630M, China

Product Complexity (2018): 0.98, Rnk 179 / 1018

Export Growth (CAGR)(2017 - 2018): 17.7%, Rnk 399 / 1225

Mean Tariff (2018): 6.55%, Rnk 650 / 1259

Share of World Trade (2018): 0.011%, Rnk 731 / 1225

Overview: In 2018, Glass Balls were the world's 731st most traded product, with a total trade of $2.03B. Between 2017 and 2018 the exports of Glass Balls grew by 17.7%, from  $1.73B to $2.03B. Trade in Glass Balls represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Glass Balls  were Germany ($682M), United States ($410M), Japan ($382M), China ($194M), and France ($78.4M).

Imports: In 2018 the top importers of Glass Balls were China ($630M), United States ($281M), India ($204M), South Korea ($135M), and Japan ($124M).

Tariffs: In 2018 the average tariff for Glass Balls was 6.55%, been the 650 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass Balls are Bahamas (40.2%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Glass Balls ranks 179th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $682M

Top Destination (2018): China, $630M

Glass Balls are the world's 731st most traded product.

In 2018, the top exporters of Glass Balls were Germany ($682M), United States ($410M), Japan ($382M), China ($194M), and France ($78.4M).

In 2018, the top importers of Glass Balls were China ($630M), United States ($281M), India ($204M), South Korea ($135M), and Japan ($124M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $79M

Top Destination Growth (2017 - 2018): United States, $115M

Between 2017 and 2018, the exports of Glass Balls grew the fastest in United States ($79M), Germany ($69.2M), Japan ($60.2M), China ($49M), and France ($44M).

Between 2017 and 2018, the fastest growing importers of Glass Balls were United States ($115M), India ($58M), China ($39.5M), South Korea ($22.3M), and Denmark ($20.7M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Glass Balls.

In 2018,  market concentration measured using Shannon Entropy, was 2.88. This means that most of the exports of Glass Balls are explained by 7 countries.

TOP NET EXPORTER (2018): Germany, $628M

TOP NET IMPORTER (2018): China, $436M

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

In 2018, the countries that had a largest trade value in exports than imports of Glass Balls were Germany ($628M), Japan ($258M), United States ($129M), Netherlands ($34.4M), and Malaysia ($32M).

In 2018, the countries that had a largest trade value in imports than exports of Glass Balls were China ($436M), India ($196M), South Korea ($132M), Mexico ($60.1M), and Chinese Taipei ($38.7M).

Trade Forecasts

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This section shows forecasts for total trade for Glass Balls. 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 Glass Balls was 6.55%.  The countries with the highest tariffs for importing Glass Balls were Bahamas (40.2%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.