HS Icon Cutlery Sets

8215 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.66B, Rnk 660 / 1225

Top Exporter (2018): $1.69B, China

Top Importer (2018): $538M, United States

Product Complexity (2018): -0.3, Rnk 638 / 1018

Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 449 / 1225

Mean Tariff (2018): 14.3%, Rnk 230 / 1259

Share of World Trade (2018): 0.014%, Rnk 660 / 1225

Overview:  This page contains the latest trade data of Cutlery Sets. In 2018, Cutlery Sets were the world's 660th most traded product, with a total trade of $2.66B. Between 2017 and 2018 the exports of Cutlery Sets grew by 16.6%, from  $2.28B to $2.66B. Trade in Cutlery Sets represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Cutlery Sets  were China ($1.69B), Vietnam ($206M), Germany ($122M), Italy ($79.1M), and India ($57M).

Imports: In 2018 the top importers of Cutlery Sets were United States ($538M), Germany ($204M), United Kingdom ($108M), France ($101M), and Netherlands ($80.2M).

Tariffs: In 2018 the average tariff for Cutlery Sets was 14.3%, been the 230 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cutlery Sets are Iran (40%), Syria (36.8%), Zimbabwe (36.5%), Ethiopia (32.2%), and Egypt (30.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Switzerland (0%).

Ranking: Cutlery Sets ranks 638th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.69B

Top Destination (2018): United States, $538M

Cutlery Sets are the world's 660th most traded product.

In 2018, the top exporters of Cutlery Sets were China ($1.69B), Vietnam ($206M), Germany ($122M), Italy ($79.1M), and India ($57M).

In 2018, the top importers of Cutlery Sets were United States ($538M), Germany ($204M), United Kingdom ($108M), France ($101M), and Netherlands ($80.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $239M

Top Destination Growth (2017 - 2018): United States, $72.7M

Between 2017 and 2018, the exports of Cutlery Sets grew the fastest in China ($239M), Vietnam ($25.1M), Germany ($21.2M), Netherlands ($15.4M), and Italy ($12.9M).

Between 2017 and 2018, the fastest growing importers of Cutlery Sets were United States ($72.7M), Singapore ($32.1M), Malaysia ($26.8M), Germany ($24.3M), and Netherlands ($20.1M).

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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 Cutlery Sets.

In 2018,  market concentration measured using Shannon Entropy, was 2.51. This means that most of the exports of Cutlery Sets are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $1.68B

TOP NET IMPORTER (2018): United States, $521M

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

In 2018, the countries that had a largest trade value in exports than in imports of Cutlery Sets were China ($1.68B), Vietnam ($148M), India ($34M), Italy ($26.7M), and Portugal ($21.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Cutlery Sets were United States ($521M), Germany ($82M), United Kingdom ($75.7M), Malaysia ($49.7M), and Canada ($49.2M).

Trade Forecasts

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This section shows forecasts for total trade for Cutlery Sets. 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 Cutlery Sets was 14.3%.  The countries with the highest tariffs for importing Cutlery Sets were Iran (40%), Syria (36.8%), Zimbabwe (36.5%), Ethiopia (32.2%), and Egypt (30.2%).

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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.