HS Icon Cutting Blades

8208 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.08B, Rnk 621 / 1225

Top Exporter (2018): $664M, Germany

Top Importer (2018): $419M, United States

Product Complexity (2018): 1.51, Rnk 46 / 1018

Export Growth (CAGR)(2017 - 2018): 39%, Rnk 107 / 1225

Mean Tariff (2018): 6.6%, Rnk 646 / 1259

Share of World Trade (2018): 0.017%, Rnk 621 / 1225

Overview:  This page contains the latest trade data of Cutting Blades. In 2018, Cutting Blades were the world's 621st most traded product, with a total trade of $3.08B. Between 2017 and 2018 the exports of Cutting Blades grew by 39%, from  $2.22B to $3.08B. Trade in Cutting Blades represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Cutting Blades  were Germany ($664M), China ($373M), Japan ($234M), United States ($200M), and Austria ($168M).

Imports: In 2018 the top importers of Cutting Blades were United States ($419M), Germany ($313M), China ($242M), France ($129M), and Italy ($102M).

Tariffs: In 2018 the average tariff for Cutting Blades was 6.6%, been the 646 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cutting Blades are Bermuda (25%), Bahamas (22.3%), Sudan (21.9%), Romania (21.4%), and Iran (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Cutting Blades ranks 46th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $664M

Top Destination (2018): United States, $419M

Cutting Blades are the world's 621st most traded product.

In 2018, the top exporters of Cutting Blades were Germany ($664M), China ($373M), Japan ($234M), United States ($200M), and Austria ($168M).

In 2018, the top importers of Cutting Blades were United States ($419M), Germany ($313M), China ($242M), France ($129M), and Italy ($102M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $133M

Top Destination Growth (2017 - 2018): United States, $322M

Between 2017 and 2018, the exports of Cutting Blades grew the fastest in Germany ($133M), China ($94.5M), Israel ($69.8M), Japan ($61.4M), and United States ($51.4M).

Between 2017 and 2018, the fastest growing importers of Cutting Blades were United States ($322M), Germany ($79.1M), Mexico ($72.6M), China ($67.4M), and Hong Kong ($37.6M).

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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 Cutting Blades.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Cutting Blades are explained by 20 countries.

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TOP NET EXPORTER (2018): Germany, $352M

TOP NET IMPORTER (2018): United States, $219M

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

In 2018, the countries that had a largest trade value in exports than in imports of Cutting Blades were Germany ($352M), Japan ($157M), China ($131M), Austria ($106M), and Switzerland ($89.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Cutting Blades were United States ($219M), Russia ($77.3M), Mexico ($72M), Poland ($40.4M), and Indonesia ($35.5M).

Trade Forecasts

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This section shows forecasts for total trade for Cutting Blades. 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 Cutting Blades was 6.6%.  The countries with the highest tariffs for importing Cutting Blades were Bermuda (25%), Bahamas (22.3%), Sudan (21.9%), Romania (21.4%), and Iran (20%).

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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.