HS Icon Drafting Tools

9017 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.23B, Rnk 712 / 1225

Top Exporter (2018): $735M, China

Top Importer (2018): $227M, United States

Product Complexity (2018): 1.58, Rnk 37 / 1018

Export Growth (CAGR)(2017 - 2018): 10.6%, Rnk 739 / 1225

Mean Tariff (2018): 5.06%, Rnk 816 / 1259

Share of World Trade (2018): 0.012%, Rnk 712 / 1225

Overview:  This page contains the latest trade data of Drafting Tools. In 2018, Drafting Tools were the world's 712th most traded product, with a total trade of $2.23B. Between 2017 and 2018 the exports of Drafting Tools grew by 10.6%, from  $2.02B to $2.23B. Trade in Drafting Tools represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Drafting Tools  were China ($735M), Japan ($247M), Germany ($245M), United States ($212M), and Netherlands ($78M).

Imports: In 2018 the top importers of Drafting Tools were United States ($227M), Germany ($195M), China ($107M), Netherlands ($97.3M), and Japan ($89.5M).

Tariffs: In 2018 the average tariff for Drafting Tools was 5.06%, been the 816 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Drafting Tools are Bahamas (34.9%), Ethiopia (29.7%), Bermuda (25%), Algeria (24.3%), and Maldives (17.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Drafting Tools ranks 37th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $735M

Top Destination (2018): United States, $227M

Drafting Tools are the world's 712th most traded product.

In 2018, the top exporters of Drafting Tools were China ($735M), Japan ($247M), Germany ($245M), United States ($212M), and Netherlands ($78M).

In 2018, the top importers of Drafting Tools were United States ($227M), Germany ($195M), China ($107M), Netherlands ($97.3M), and Japan ($89.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $89.2M

Top Destination Growth (2017 - 2018): Netherlands, $29.3M

Between 2017 and 2018, the exports of Drafting Tools grew the fastest in United States ($89.2M), Netherlands ($48.4M), Thailand ($43.3M), Chinese Taipei ($17.8M), and Belgium-Luxembourg ($11.6M).

Between 2017 and 2018, the fastest growing importers of Drafting Tools were Netherlands ($29.3M), Hong Kong ($23.8M), China ($23.6M), Singapore ($16.6M), and Germany ($15.7M).

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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 Drafting Tools.

In 2018,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Drafting Tools are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $627M

TOP NET IMPORTER (2018): Mexico, $58.7M

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

In 2018, the countries that had a largest trade value in exports than in imports of Drafting Tools were China ($627M), Japan ($158M), Germany ($50.1M), Thailand ($38.7M), and Chinese Taipei ($26M).

In 2018, the countries that had a largest trade value in imports than in exports of Drafting Tools were Mexico ($58.7M), Hong Kong ($50.8M), Vietnam ($43.1M), France ($40.9M), and Russia ($36.9M).

Trade Forecasts

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This section shows forecasts for total trade for Drafting Tools. 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 Drafting Tools was 5.06%.  The countries with the highest tariffs for importing Drafting Tools were Bahamas (34.9%), Ethiopia (29.7%), Bermuda (25%), Algeria (24.3%), and Maldives (17.4%).

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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.