HS Icon Kitchen furniture, wooden, nes

940340 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.48B, Rnk 435 / 4726

Top Exporter (2018): $2.37B, Germany

Top Importer (2018): $2.26B, United States

Product Complexity (2018): 0.34, Rnk 2006 / 4873

Export Growth (CAGR)(2017 - 2018): 22.5%, Rnk 1205 / 4726

Mean Tariff (2018): 15.6%, Rnk 1042 / 6538

Share of World Trade (2018): 0.041%, Rnk 435 / 4726

Overview:  This page contains the latest trade data of Kitchen furniture, wooden, nes. In 2018, Kitchen furniture, wooden, nes were the world's 435th most traded product, with a total trade of $7.48B. Between 2017 and 2018 the exports of Kitchen furniture, wooden, nes grew by 22.5%, from  $6.1B to $7.48B. Trade in Kitchen furniture, wooden, nes represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Kitchen furniture, wooden, nes  were Germany ($2.37B), China ($1.86B), Italy ($944M), Canada ($337M), and Denmark ($235M).

Imports: In 2018 the top importers of Kitchen furniture, wooden, nes were United States ($2.26B), France ($932M), Netherlands ($385M), Switzerland ($352M), and Belgium-Luxembourg ($304M).

Tariffs: In 2018 the average tariff for Kitchen furniture, wooden, nes was 15.6%, been the 1042 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Kitchen furniture, wooden, nes are Syria (55.2%), Iran (55%), Cape Verde (50%), Egypt (45%), and Bahamas (40.2%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Taiwan (0%).

Ranking: Kitchen furniture, wooden, nes ranks 2006th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.37B

Top Destination (2018): United States, $2.26B

Kitchen furniture, wooden, nes are the world's 435th most traded product.

In 2018, the top exporters of Kitchen furniture, wooden, nes were Germany ($2.37B), China ($1.86B), Italy ($944M), Canada ($337M), and Denmark ($235M).

In 2018, the top importers of Kitchen furniture, wooden, nes were United States ($2.26B), France ($932M), Netherlands ($385M), Switzerland ($352M), and Belgium-Luxembourg ($304M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $495M

Top Destination Growth (2017 - 2018): United States, $340M

Between 2017 and 2018, the exports of Kitchen furniture, wooden, nes grew the fastest in Germany ($495M), China ($330M), Italy ($235M), Portugal ($48.4M), and Denmark ($46.1M).

Between 2017 and 2018, the fastest growing importers of Kitchen furniture, wooden, nes were United States ($340M), France ($297M), Belgium-Luxembourg ($99.4M), United Kingdom ($82.8M), and Spain ($62.2M).

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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 Kitchen furniture, wooden, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Kitchen furniture, wooden, nes are explained by 10 countries.

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TOP NET EXPORTER (2018): Germany, $2.18B

TOP NET IMPORTER (2018): United States, $2.24B

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

In 2018, the countries that had a largest trade value in exports than in imports of Kitchen furniture, wooden, nes were Germany ($2.18B), China ($1.71B), Italy ($885M), Canada ($267M), and Denmark ($170M).

In 2018, the countries that had a largest trade value in imports than in exports of Kitchen furniture, wooden, nes were United States ($2.24B), France ($840M), Netherlands ($356M), Switzerland ($349M), and Belgium-Luxembourg ($281M).

Trade Forecasts

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This section shows forecasts for total trade for Kitchen furniture, wooden, nes. 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 Kitchen furniture, wooden, nes was 15.6%.  The countries with the highest tariffs for importing Kitchen furniture, wooden, nes were Syria (55.2%), Iran (55%), Cape Verde (50%), Egypt (45%), and Bahamas (40.2%).

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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.