HS Icon Scent Sprays

9616 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.57B, Rnk 802 / 1225

Top Exporter (2018): $545M, China

Top Importer (2018): $254M, United States

Product Complexity (2018): 0.87, Rnk 210 / 1018

Export Growth (CAGR)(2017 - 2018): 14%, Rnk 562 / 1225

Mean Tariff (2018): 11.5%, Rnk 346 / 1259

Share of World Trade (2018): 0.0085%, Rnk 802 / 1225

Overview: In 2018, Scent Sprays were the world's 802nd most traded product, with a total trade of $1.57B. Between 2017 and 2018 the exports of Scent Sprays grew by 14%, from  $1.37B to $1.57B. Trade in Scent Sprays represent 0.0085% of total world trade.

Exports: In 2018 the top exporters of Scent Sprays  were China ($545M), Italy ($232M), France ($187M), Germany ($131M), and United States ($89.3M).

Imports: In 2018 the top importers of Scent Sprays were United States ($254M), France ($154M), Germany ($96.3M), Spain ($82M), and United Kingdom ($74M).

Tariffs: In 2018 the average tariff for Scent Sprays was 11.5%, been the 346 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scent Sprays are Iran (52.5%), Bahamas (41.3%), Zimbabwe (36.5%), Cape Verde (30%), and Angola (30%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Scent Sprays ranks 210th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $545M

Top Destination (2018): United States, $254M

Scent Sprays are the world's 802nd most traded product.

In 2018, the top exporters of Scent Sprays were China ($545M), Italy ($232M), France ($187M), Germany ($131M), and United States ($89.3M).

In 2018, the top importers of Scent Sprays were United States ($254M), France ($154M), Germany ($96.3M), Spain ($82M), and United Kingdom ($74M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $52.6M

Top Destination Growth (2017 - 2018): United States, $66.7M

Between 2017 and 2018, the exports of Scent Sprays grew the fastest in Italy ($52.6M), China ($51.7M), Germany ($23.8M), United States ($19.3M), and France ($18.2M).

Between 2017 and 2018, the fastest growing importers of Scent Sprays were United States ($66.7M), Germany ($15.2M), Brazil ($13.8M), India ($12.4M), and United Arab Emirates ($9.31M).

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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 Scent Sprays.

In 2018,  market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Scent Sprays are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $512M

TOP NET IMPORTER (2018): United States, $165M

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

In 2018, the countries that had a largest trade value in exports than in imports of Scent Sprays were China ($512M), Italy ($181M), Germany ($34.5M), France ($33.5M), and South Korea ($25.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Scent Sprays were United States ($165M), Japan ($58.5M), Poland ($55M), United Kingdom ($46.5M), and Spain ($29.8M).

Trade Forecasts

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This section shows forecasts for total trade for Scent Sprays. 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 Scent Sprays was 11.5%.  The countries with the highest tariffs for importing Scent Sprays were Iran (52.5%), Bahamas (41.3%), Zimbabwe (36.5%), Cape Verde (30%), and Angola (30%).

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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.