HS Icon Munitions of war, ammunition/projectiles and parts

930690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.8B, Rnk 661 / 4726

Top Exporter (2018): $3.02B, United States

Top Importer (2018): $1.45B, Saudi Arabia

Product Complexity (2018): -0.12, Rnk 2815 / 4873

Export Growth (CAGR)(2017 - 2018): 246%, Rnk 20 / 4726

Mean Tariff (2018): 11.4%, Rnk 1902 / 6538

Share of World Trade (2018): 0.026%, Rnk 661 / 4726

Overview:  This page contains the latest trade data of Munitions of war, ammunition/projectiles and parts. In 2018, Munitions of war, ammunition/projectiles and parts were the world's 661st most traded product, with a total trade of $4.8B. Between 2017 and 2018 the exports of Munitions of war, ammunition/projectiles and parts grew by 246%, from  $1.39B to $4.8B. Trade in Munitions of war, ammunition/projectiles and parts represent 0.026% of total world trade.

Exports: In 2018 the top exporters of Munitions of war, ammunition/projectiles and parts  were United States ($3.02B), Spain ($276M), South Korea ($219M), France ($114M), and Norway ($110M).

Imports: In 2018 the top importers of Munitions of war, ammunition/projectiles and parts were Saudi Arabia ($1.45B), United Arab Emirates ($658M), United States ($326M), Australia ($229M), and Japan ($184M).

Tariffs: In 2018 the average tariff for Munitions of war, ammunition/projectiles and parts was 11.4%, been the 1902 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Munitions of war, ammunition/projectiles and parts are Nepal (78.1%), Syria (46%), Jamaica (40%), Cambodia (35%), and Sudan (35%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), Hong Kong (0%), South Korea (0%), and Sri Lanka (0%).

Ranking: Munitions of war, ammunition/projectiles and parts ranks 2815th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.02B

Top Destination (2018): Saudi Arabia, $1.45B

Munitions of war, ammunition/projectiles and parts are the world's 661st most traded product.

In 2018, the top exporters of Munitions of war, ammunition/projectiles and parts were United States ($3.02B), Spain ($276M), South Korea ($219M), France ($114M), and Norway ($110M).

In 2018, the top importers of Munitions of war, ammunition/projectiles and parts were Saudi Arabia ($1.45B), United Arab Emirates ($658M), United States ($326M), Australia ($229M), and Japan ($184M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $2.71B

Top Destination Growth (2017 - 2018): Saudi Arabia, $1.21B

Between 2017 and 2018, the exports of Munitions of war, ammunition/projectiles and parts grew the fastest in United States ($2.71B), South Korea ($118M), Spain ($93.1M), Canada ($84.5M), and Japan ($82.2M).

Between 2017 and 2018, the fastest growing importers of Munitions of war, ammunition/projectiles and parts were Saudi Arabia ($1.21B), United Arab Emirates ($579M), United States ($325M), Australia ($228M), 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 Munitions of war, ammunition/projectiles and parts.

In 2018,  market concentration measured using Shannon Entropy, was 2.61. This means that most of the exports of Munitions of war, ammunition/projectiles and parts are explained by 6 countries.

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TOP NET EXPORTER (2018): United States, $2.7B

TOP NET IMPORTER (2018): Saudi Arabia, $1.45B

This map shows which countries export or import more of Munitions of war, ammunition/projectiles and parts. Each country is colored based on the difference in exports and imports of Munitions of war, ammunition/projectiles and parts during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Munitions of war, ammunition/projectiles and parts were United States ($2.7B), Spain ($248M), Russia ($91.5M), Canada ($81.9M), and South Korea ($72.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Munitions of war, ammunition/projectiles and parts were Saudi Arabia ($1.45B), United Arab Emirates ($658M), Australia ($210M), Oman ($131M), and Japan ($102M).

Trade Forecasts

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This section shows forecasts for total trade for Munitions of war, ammunition/projectiles and parts. 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 Munitions of war, ammunition/projectiles and parts was 11.4%.  The countries with the highest tariffs for importing Munitions of war, ammunition/projectiles and parts were Nepal (78.1%), Syria (46%), Jamaica (40%), Cambodia (35%), and Sudan (35%).

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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.