HS Icon Pearl Products

7116 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.02B, Rnk 903 / 1225

Top Exporter (2018): $223M, United States

Top Importer (2018): $195M, United States

Product Complexity (2018): -0.4, Rnk 664 / 1018

Export Growth (CAGR)(2017 - 2018): -15.5%, Rnk 1196 / 1225

Mean Tariff (2018): 12.1%, Rnk 310 / 1259

Share of World Trade (2018): 0.0055%, Rnk 903 / 1225

Overview: In 2018, Pearl Products were the world's 903rd most traded product, with a total trade of $1.02B. Between 2017 and 2018 the exports of Pearl Products decreased by -15.5%, from  $1.2B to $1.02B. Trade in Pearl Products represent 0.0055% of total world trade.

Exports: In 2018 the top exporters of Pearl Products  were United States ($223M), China ($175M), Hong Kong ($75.1M), Switzerland ($47.4M), and Germany ($44.9M).

Imports: In 2018 the top importers of Pearl Products were United States ($195M), Hong Kong ($149M), Switzerland ($102M), China ($76.8M), and United Kingdom ($52.6M).

Tariffs: In 2018 the average tariff for Pearl Products was 12.1%, been the 310 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pearl Products are Barbados (53.9%), Angola (50%), Belize (44.9%), Cape Verde (40%), and Zimbabwe (36.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Taiwan (0%).

Ranking: Pearl Products ranks 664th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $223M

Top Destination (2018): United States, $195M

Pearl Products are the world's 903rd most traded product.

In 2018, the top exporters of Pearl Products were United States ($223M), China ($175M), Hong Kong ($75.1M), Switzerland ($47.4M), and Germany ($44.9M).

In 2018, the top importers of Pearl Products were United States ($195M), Hong Kong ($149M), Switzerland ($102M), China ($76.8M), and United Kingdom ($52.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $130M

Top Destination Growth (2017 - 2018): United States, $195M

Between 2017 and 2018, the exports of Pearl Products grew the fastest in United States ($130M), Ireland ($38.1M), Thailand ($26.2M), Switzerland ($23.9M), and South Korea ($22.6M).

Between 2017 and 2018, the fastest growing importers of Pearl Products were United States ($195M), China ($43.2M), Australia ($23.4M), Chinese Taipei ($17.2M), and Netherlands ($14.8M).

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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 Pearl Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Pearl Products are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $97.7M

TOP NET IMPORTER (2018): Hong Kong, $73.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Pearl Products were China ($97.7M), Ireland ($35.5M), Thailand ($29.8M), India ($27.3M), and United States ($27.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Pearl Products were Hong Kong ($73.9M), Switzerland ($55M), United Kingdom ($30.5M), Mexico ($18.8M), and Netherlands ($17.1M).

Trade Forecasts

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This section shows forecasts for total trade for Pearl Products. 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 Pearl Products was 12.1%.  The countries with the highest tariffs for importing Pearl Products were Barbados (53.9%), Angola (50%), Belize (44.9%), Cape Verde (40%), 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.