HS Icon Blown Glass

7004 (Harmonized System 1992 for 4-digit)

World Trade (2018): $887M, Rnk 940 / 1225

Top Exporter (2018): $528M, Japan

Top Importer (2018): $214M, South Korea

Product Complexity (2018): 0.82, Rnk 232 / 1018

Export Growth (CAGR)(2017 - 2018): 10.6%, Rnk 742 / 1225

Mean Tariff (2018): 10.9%, Rnk 370 / 1259

Share of World Trade (2018): 0.0048%, Rnk 940 / 1225

Overview: In 2018, Blown Glass were the world's 940th most traded product, with a total trade of $887M. Between 2017 and 2018 the exports of Blown Glass grew by 10.6%, from  $802M to $887M. Trade in Blown Glass represent 0.0048% of total world trade.

Exports: In 2018 the top exporters of Blown Glass  were Japan ($528M), United States ($82.9M), South Korea ($73.6M), Saudi Arabia ($39.5M), and Germany ($37M).

Imports: In 2018 the top importers of Blown Glass were South Korea ($214M), China ($204M), Chinese Taipei ($190M), Hong Kong ($96.2M), and United States ($38.9M).

Tariffs: In 2018 the average tariff for Blown Glass was 10.9%, been the 370 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Blown Glass are Bahamas (40.2%), Egypt (37.3%), Sudan (35%), Nepal (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Blown Glass ranks 232nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $528M

Top Destination (2018): South Korea, $214M

Blown Glass are the world's 940th most traded product.

In 2018, the top exporters of Blown Glass were Japan ($528M), United States ($82.9M), South Korea ($73.6M), Saudi Arabia ($39.5M), and Germany ($37M).

In 2018, the top importers of Blown Glass were South Korea ($214M), China ($204M), Chinese Taipei ($190M), Hong Kong ($96.2M), and United States ($38.9M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $77.5M

Top Destination Growth (2017 - 2018): China, $51.4M

Between 2017 and 2018, the exports of Blown Glass grew the fastest in Japan ($77.5M), United States ($36.5M), Saudi Arabia ($34M), United Arab Emirates ($1.81M), and Chinese Taipei ($1.8M).

Between 2017 and 2018, the fastest growing importers of Blown Glass were China ($51.4M), Hong Kong ($45.7M), Thailand ($10.4M), Kuwait ($6.15M), and United Arab Emirates ($3.99M).

Market Concentration

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Cumulative market share

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

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

TOP NET EXPORTER (2018): Japan, $521M

TOP NET IMPORTER (2018): Chinese Taipei, $180M

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

In 2018, the countries that had a largest trade value in exports than imports of Blown Glass were Japan ($521M), United States ($44M), Saudi Arabia ($36M), Germany ($32M), and Switzerland ($31.3M).

In 2018, the countries that had a largest trade value in imports than exports of Blown Glass were Chinese Taipei ($180M), China ($170M), South Korea ($140M), Hong Kong ($87.8M), and Kuwait ($11.6M).

Trade Forecasts

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This section shows forecasts for total trade for Blown Glass. 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 Blown Glass was 10.9%.  The countries with the highest tariffs for importing Blown Glass were Bahamas (40.2%), Egypt (37.3%), Sudan (35%), Nepal (30%), and Cameroon (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.