HS Icon Knives

8211 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.8B, Rnk 646 / 1225

Top Exporter (2018): $1.36B, China

Top Importer (2018): $728M, United States

Product Complexity (2018): 1.24, Rnk 93 / 1018

Export Growth (CAGR)(2017 - 2018): 8.42%, Rnk 847 / 1225

Mean Tariff (2018): 12.7%, Rnk 285 / 1259

Share of World Trade (2018): 0.015%, Rnk 646 / 1225

Overview: In 2018, Knives were the world's 646th most traded product, with a total trade of $2.8B. Between 2017 and 2018 the exports of Knives grew by 8.42%, from  $2.58B to $2.8B. Trade in Knives represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Knives  were China ($1.36B), Germany ($301M), Japan ($167M), Switzerland ($156M), and Netherlands ($91.2M).

Imports: In 2018 the top importers of Knives were United States ($728M), Germany ($250M), France ($134M), Netherlands ($131M), and Canada ($96.2M).

Tariffs: In 2018 the average tariff for Knives was 12.7%, been the 285 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knives are Zimbabwe (36.5%), Iran (35.6%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Knives ranks 93rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.36B

Top Destination (2018): United States, $728M

Knives are the world's 646th most traded product.

In 2018, the top exporters of Knives were China ($1.36B), Germany ($301M), Japan ($167M), Switzerland ($156M), and Netherlands ($91.2M).

In 2018, the top importers of Knives were United States ($728M), Germany ($250M), France ($134M), Netherlands ($131M), and Canada ($96.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $47.5M

Top Destination Growth (2017 - 2018): United States, $43.2M

Between 2017 and 2018, the exports of Knives grew the fastest in Germany ($47.5M), Netherlands ($31.6M), Belgium-Luxembourg ($22.8M), China ($15.9M), and Chinese Taipei ($14.2M).

Between 2017 and 2018, the fastest growing importers of Knives were United States ($43.2M), France ($34.4M), Netherlands ($27.3M), Germany ($26.2M), and Poland ($19.2M).

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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 Knives.

In 2018,  market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Knives are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $1.33B

TOP NET IMPORTER (2018): United States, $650M

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

In 2018, the countries that had a largest trade value in exports than in imports of Knives were China ($1.33B), Switzerland ($131M), Japan ($126M), Germany ($50.8M), and Chinese Taipei ($42.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Knives were United States ($650M), Canada ($91.7M), France ($71.2M), United Kingdom ($55M), and Russia ($50.8M).

Trade Forecasts

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This section shows forecasts for total trade for Knives. 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 Knives was 12.7%.  The countries with the highest tariffs for importing Knives were Zimbabwe (36.5%), Iran (35.6%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (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.