HS Icon Parachutes

8804 (Harmonized System 1992 for 4-digit)

World Trade (2018): $322M, Rnk 1092 / 1225

Top Exporter (2018): $100M, United States

Top Importer (2018): $33.4M, France

Export Growth (CAGR)(2017 - 2018): 16.7%, Rnk 444 / 1225

Mean Tariff (2018): 3.83%, Rnk 1033 / 1259

Share of World Trade (2018): 0.0018%, Rnk 1092 / 1225

Overview: In 2018, Parachutes were the world's 1092nd most traded product, with a total trade of $322M. Between 2017 and 2018 the exports of Parachutes grew by 16.7%, from  $276M to $322M. Trade in Parachutes represent 0.0018% of total world trade.

Exports: In 2018 the top exporters of Parachutes  were United States ($100M), United Kingdom ($28.9M), Vietnam ($27.9M), France ($23.9M), and Germany ($19M).

Imports: In 2018 the top importers of Parachutes were France ($33.4M), United States ($32.1M), Germany ($29M), Switzerland ($15.9M), and United Kingdom ($15.1M).

Tariffs: In 2018 the average tariff for Parachutes was 3.83%, been the 1033 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Parachutes are Bahamas (40.2%), Syria (27.6%), Bermuda (25%), Maldives (24.5%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $100M

Top Destination (2018): France, $33.4M

Parachutes are the world's 1092nd most traded product.

In 2018, the top exporters of Parachutes were United States ($100M), United Kingdom ($28.9M), Vietnam ($27.9M), France ($23.9M), and Germany ($19M).

In 2018, the top importers of Parachutes were France ($33.4M), United States ($32.1M), Germany ($29M), Switzerland ($15.9M), and United Kingdom ($15.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $10.7M

Top Destination Growth (2017 - 2018): Algeria, $8.17M

Between 2017 and 2018, the exports of Parachutes grew the fastest in France ($10.7M), United States ($9.87M), United Kingdom ($4.79M), Austria ($3.08M), and New Zealand ($3.07M).

Between 2017 and 2018, the fastest growing importers of Parachutes were Algeria ($8.17M), United States ($7.14M), United Arab Emirates ($5.77M), United Kingdom ($5.51M), and Germany ($5.47M).

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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 Parachutes.

In 2018,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Parachutes are explained by 16 countries.

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TOP NET EXPORTER (2018): United States, $68.4M

TOP NET IMPORTER (2018): Switzerland, $14.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Parachutes were United States ($68.4M), Vietnam ($27.3M), United Kingdom ($13.8M), Czechia ($10.8M), and Sri Lanka ($9.63M).

In 2018, the countries that had a largest trade value in imports than in exports of Parachutes were Switzerland ($14.8M), Algeria ($13.6M), United Arab Emirates ($10.1M), Germany ($9.97M), and Japan ($9.77M).

Trade Forecasts

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This section shows forecasts for total trade for Parachutes. 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 Parachutes was 3.83%.  The countries with the highest tariffs for importing Parachutes were Bahamas (40.2%), Syria (27.6%), Bermuda (25%), Maldives (24.5%), and Samoa (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.