HS Icon Perfume Plants

1211 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.36B, Rnk 597 / 1225

Top Exporter (2018): $853M, China

Top Importer (2018): $412M, United States

Product Complexity (2018): -1.78, Rnk 979 / 1018

Export Growth (CAGR)(2017 - 2018): 4.86%, Rnk 975 / 1225

Mean Tariff (2018): 5.76%, Rnk 730 / 1259

Share of World Trade (2018): 0.018%, Rnk 597 / 1225

Overview:  This page contains the latest trade data of Perfume Plants. In 2018, Perfume Plants were the world's 597th most traded product, with a total trade of $3.36B. Between 2017 and 2018 the exports of Perfume Plants grew by 4.86%, from  $3.21B to $3.36B. Trade in Perfume Plants represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Perfume Plants  were China ($853M), India ($309M), United States ($195M), Germany ($189M), and Canada ($135M).

Imports: In 2018 the top importers of Perfume Plants were United States ($412M), Germany ($338M), Hong Kong ($324M), Japan ($277M), and Chinese Taipei ($166M).

Tariffs: In 2018 the average tariff for Perfume Plants was 5.76%, been the 730 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Perfume Plants are South Korea (184%), Tunisia (36%), Cambodia (30.1%), Turkey (29.2%), and India (24.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Perfume Plants ranks 979th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $853M

Top Destination (2018): United States, $412M

Perfume Plants are the world's 597th most traded product.

In 2018, the top exporters of Perfume Plants were China ($853M), India ($309M), United States ($195M), Germany ($189M), and Canada ($135M).

In 2018, the top importers of Perfume Plants were United States ($412M), Germany ($338M), Hong Kong ($324M), Japan ($277M), and Chinese Taipei ($166M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $28.9M

Top Destination Growth (2017 - 2018): Germany, $49M

Between 2017 and 2018, the exports of Perfume Plants grew the fastest in United States ($28.9M), South Korea ($21.8M), Morocco ($19M), Germany ($18.7M), and Spain ($18M).

Between 2017 and 2018, the fastest growing importers of Perfume Plants were Germany ($49M), Chinese Taipei ($46.8M), China ($29.4M), Netherlands ($24.4M), and Canada ($23M).

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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 Perfume Plants.

In 2018,  market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Perfume Plants are explained by 28 countries.

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TOP NET EXPORTER (2018): China, $709M

TOP NET IMPORTER (2018): Japan, $274M

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

In 2018, the countries that had a largest trade value in exports than in imports of Perfume Plants were China ($709M), India ($236M), Egypt ($79M), Mexico ($58.6M), and Canada ($56.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Perfume Plants were Japan ($274M), United States ($217M), Hong Kong ($211M), Germany ($148M), and Chinese Taipei ($117M).

Trade Forecasts

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This section shows forecasts for total trade for Perfume Plants. 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 Perfume Plants was 5.76%.  The countries with the highest tariffs for importing Perfume Plants were South Korea (184%), Tunisia (36%), Cambodia (30.1%), Turkey (29.2%), and India (24.4%).

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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.