HS Icon Explosive Ammunition

9306 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.4B, Rnk 411 / 1225

Top Exporter (2018): $3.45B, United States

Top Importer (2018): $1.69B, Saudi Arabia

Product Complexity (2018): 0.56, Rnk 346 / 1018

Export Growth (CAGR)(2017 - 2018): 95.6%, Rnk 16 / 1225

Mean Tariff (2018): 11.3%, Rnk 355 / 1259

Share of World Trade (2018): 0.04%, Rnk 411 / 1225

Overview: In 2018, Explosive Ammunition were the world's 411th most traded product, with a total trade of $7.4B. Between 2017 and 2018 the exports of Explosive Ammunition grew by 95.6%, from  $3.78B to $7.4B. Trade in Explosive Ammunition represent 0.04% of total world trade.

Exports: In 2018 the top exporters of Explosive Ammunition  were United States ($3.45B), South Korea ($514M), Spain ($380M), Brazil ($272M), and Norway ($209M).

Imports: In 2018 the top importers of Explosive Ammunition were Saudi Arabia ($1.69B), United States ($785M), United Arab Emirates ($710M), Australia ($267M), and Turkey ($266M).

Tariffs: In 2018 the average tariff for Explosive Ammunition was 11.3%, been the 355 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Explosive Ammunition are Nepal (78.1%), Syria (41.4%), Sudan (35%), Maldives (34.2%), and Cape Verde (33.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), South Korea (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Explosive Ammunition ranks 346th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.45B

Top Destination (2018): Saudi Arabia, $1.69B

Explosive Ammunition are the world's 411th most traded product.

In 2018, the top exporters of Explosive Ammunition were United States ($3.45B), South Korea ($514M), Spain ($380M), Brazil ($272M), and Norway ($209M).

In 2018, the top importers of Explosive Ammunition were Saudi Arabia ($1.69B), United States ($785M), United Arab Emirates ($710M), Australia ($267M), and Turkey ($266M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $2.9B

Top Destination Growth (2017 - 2018): Saudi Arabia, $1.11B

Between 2017 and 2018, the exports of Explosive Ammunition grew the fastest in United States ($2.9B), South Korea ($148M), Switzerland ($116M), Bosnia and Herzegovina ($102M), and Canada ($84.9M).

Between 2017 and 2018, the fastest growing importers of Explosive Ammunition were Saudi Arabia ($1.11B), United Arab Emirates ($580M), Australia ($233M), United States ($226M), and Qatar ($158M).

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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 Explosive Ammunition.

In 2018,  market concentration measured using Shannon Entropy, was 3.54. This means that most of the exports of Explosive Ammunition are explained by 11 countries.

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TOP NET EXPORTER (2018): United States, $2.66B

TOP NET IMPORTER (2018): Saudi Arabia, $1.69B

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

In 2018, the countries that had a largest trade value in exports than in imports of Explosive Ammunition were United States ($2.66B), South Korea ($351M), Spain ($302M), Brazil ($260M), and Switzerland ($175M).

In 2018, the countries that had a largest trade value in imports than in exports of Explosive Ammunition were Saudi Arabia ($1.69B), United Arab Emirates ($709M), Australia ($238M), Turkey ($180M), and Qatar ($168M).

Trade Forecasts

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This section shows forecasts for total trade for Explosive Ammunition. 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 Explosive Ammunition was 11.3%.  The countries with the highest tariffs for importing Explosive Ammunition were Nepal (78.1%), Syria (41.4%), Sudan (35%), Maldives (34.2%), and Cape Verde (33.3%).

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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.