HS Icon Brooms

9603 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.73B, Rnk 332 / 1225

Top Exporter (2018): $4.37B, China

Top Importer (2018): $1.73B, United States

Product Complexity (2018): -0.069, Rnk 573 / 1018

Export Growth (CAGR)(2017 - 2018): 10.5%, Rnk 750 / 1225

Mean Tariff (2018): 11.1%, Rnk 363 / 1259

Share of World Trade (2018): 0.053%, Rnk 332 / 1225

Overview: In 2018, Brooms were the world's 332nd most traded product, with a total trade of $9.73B. Between 2017 and 2018 the exports of Brooms grew by 10.5%, from  $8.81B to $9.73B. Trade in Brooms represent 0.053% of total world trade.

Exports: In 2018 the top exporters of Brooms  were China ($4.37B), Germany ($1.15B), United States ($404M), Italy ($261M), and Belgium-Luxembourg ($201M).

Imports: In 2018 the top importers of Brooms were United States ($1.73B), Germany ($734M), France ($463M), United Kingdom ($430M), and Japan ($390M).

Tariffs: In 2018 the average tariff for Brooms was 11.1%, been the 363 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Brooms are Bahamas (35.3%), Zimbabwe (29.1%), Uzbekistan (28.7%), Iran (27.1%), and Cameroon (27%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Papua New Guinea (0%).

Ranking: Brooms ranks 573rd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $4.37B

Top Destination (2018): United States, $1.73B

Brooms are the world's 332nd most traded product.

In 2018, the top exporters of Brooms were China ($4.37B), Germany ($1.15B), United States ($404M), Italy ($261M), and Belgium-Luxembourg ($201M).

In 2018, the top importers of Brooms were United States ($1.73B), Germany ($734M), France ($463M), United Kingdom ($430M), and Japan ($390M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $210M

Top Destination Growth (2017 - 2018): United States, $196M

Between 2017 and 2018, the exports of Brooms grew the fastest in China ($210M), Germany ($190M), Netherlands ($62.8M), Belgium-Luxembourg ($51.1M), and Poland ($45.5M).

Between 2017 and 2018, the fastest growing importers of Brooms were United States ($196M), Germany ($66.8M), Hong Kong ($58.8M), Poland ($53.1M), and France ($49.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Brooms.

In 2018,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Brooms are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $4.19B

TOP NET IMPORTER (2018): United States, $1.33B

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

In 2018, the countries that had a largest trade value in exports than in imports of Brooms were China ($4.19B), Germany ($416M), Vietnam ($100M), Czechia ($87.2M), and Ireland ($85.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Brooms were United States ($1.33B), France ($329M), United Kingdom ($265M), Japan ($226M), and Canada ($207M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Brooms. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Brooms was 11.1%.  The countries with the highest tariffs for importing Brooms were Bahamas (35.3%), Zimbabwe (29.1%), Uzbekistan (28.7%), Iran (27.1%), and Cameroon (27%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.