HS Icon Vacuum Flask

9617 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.75B, Rnk 650 / 1225

Top Exporter (2018): $2.07B, China

Top Importer (2018): $746M, United States

Product Complexity (2018): 0.66, Rnk 299 / 1018

Export Growth (CAGR)(2017 - 2018): 29.8%, Rnk 175 / 1225

Mean Tariff (2018): 12.6%, Rnk 291 / 1259

Share of World Trade (2018): 0.015%, Rnk 650 / 1225

Overview: In 2018, Vacuum Flask were the world's 650th most traded product, with a total trade of $2.75B. Between 2017 and 2018 the exports of Vacuum Flask grew by 29.8%, from  $2.12B to $2.75B. Trade in Vacuum Flask represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Vacuum Flask  were China ($2.07B), Thailand ($133M), Germany ($76.2M), Malaysia ($72.5M), and United States ($53.1M).

Imports: In 2018 the top importers of Vacuum Flask were United States ($746M), Japan ($333M), Germany ($104M), India ($98.4M), and South Korea ($88M).

Tariffs: In 2018 the average tariff for Vacuum Flask was 12.6%, been the 291 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vacuum Flask are Bahamas (41.3%), Iran (40%), Zimbabwe (36.5%), Egypt (30.2%), and Ethiopia (29.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Vacuum Flask ranks 299th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.07B

Top Destination (2018): United States, $746M

Vacuum Flask are the world's 650th most traded product.

In 2018, the top exporters of Vacuum Flask were China ($2.07B), Thailand ($133M), Germany ($76.2M), Malaysia ($72.5M), and United States ($53.1M).

In 2018, the top importers of Vacuum Flask were United States ($746M), Japan ($333M), Germany ($104M), India ($98.4M), and South Korea ($88M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $448M

Top Destination Growth (2017 - 2018): United States, $283M

Between 2017 and 2018, the exports of Vacuum Flask grew the fastest in China ($448M), Mexico ($27.8M), United States ($26.2M), Netherlands ($18.8M), and Germany ($17.6M).

Between 2017 and 2018, the fastest growing importers of Vacuum Flask were United States ($283M), India ($44.1M), Japan ($31.3M), Chinese Taipei ($27.2M), and Mexico ($20.1M).

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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 Vacuum Flask.

In 2018,  market concentration measured using Shannon Entropy, was 1.89. This means that most of the exports of Vacuum Flask are explained by 3 countries.

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TOP NET EXPORTER (2018): China, $1.99B

TOP NET IMPORTER (2018): United States, $692M

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

In 2018, the countries that had a largest trade value in exports than in imports of Vacuum Flask were China ($1.99B), Thailand ($117M), Malaysia ($55.2M), Philippines ($15M), and Belgium-Luxembourg ($1.37M).

In 2018, the countries that had a largest trade value in imports than in exports of Vacuum Flask were United States ($692M), Japan ($289M), India ($91.8M), South Korea ($86.2M), and Canada ($70.1M).

Trade Forecasts

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This section shows forecasts for total trade for Vacuum Flask. 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 Vacuum Flask was 12.6%.  The countries with the highest tariffs for importing Vacuum Flask were Bahamas (41.3%), Iran (40%), Zimbabwe (36.5%), Egypt (30.2%), and Ethiopia (29.7%).

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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.