HS Icon Paintings

9701 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.9B, Rnk 230 / 1225

Top Exporter (2018): $5.52B, United States

Top Importer (2018): $4.06B, United States

Product Complexity (2018): 1, Rnk 173 / 1018

Export Growth (CAGR)(2017 - 2018): 19.8%, Rnk 340 / 1225

Mean Tariff (2018): 7.12%, Rnk 612 / 1259

Share of World Trade (2018): 0.086%, Rnk 230 / 1225

Overview:  This page contains the latest trade data of Paintings. In 2018, Paintings were the world's 230th most traded product, with a total trade of $15.9B. Between 2017 and 2018 the exports of Paintings grew by 19.8%, from  $13.3B to $15.9B. Trade in Paintings represent 0.086% of total world trade.

Exports: In 2018 the top exporters of Paintings  were United States ($5.52B), United Kingdom ($4.06B), Switzerland ($1.89B), France ($754M), and Germany ($601M).

Imports: In 2018 the top importers of Paintings were United States ($4.06B), Hong Kong ($2.79B), Switzerland ($2.19B), United Kingdom ($1.78B), and France ($774M).

Tariffs: In 2018 the average tariff for Paintings was 7.12%, been the 612 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Paintings are Zimbabwe (36.5%), Syria (32.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Armenia (0%).

Ranking: Paintings ranks 173rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $5.52B

Top Destination (2018): United States, $4.06B

Paintings are the world's 230th most traded product.

In 2018, the top exporters of Paintings were United States ($5.52B), United Kingdom ($4.06B), Switzerland ($1.89B), France ($754M), and Germany ($601M).

In 2018, the top importers of Paintings were United States ($4.06B), Hong Kong ($2.79B), Switzerland ($2.19B), United Kingdom ($1.78B), and France ($774M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $3.04B

Top Destination Growth (2017 - 2018): Hong Kong, $1.63B

Between 2017 and 2018, the exports of Paintings grew the fastest in United States ($3.04B), United Kingdom ($1.95B), Switzerland ($508M), Brazil ($115M), and Singapore ($84.2M).

Between 2017 and 2018, the fastest growing importers of Paintings were Hong Kong ($1.63B), Switzerland ($860M), Germany ($264M), United Arab Emirates ($250M), and Netherlands ($249M).

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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 Paintings.

In 2018,  market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Paintings are explained by 8 countries.

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TOP NET EXPORTER (2018): United Kingdom, $2.28B

TOP NET IMPORTER (2018): Hong Kong, $2.6B

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

In 2018, the countries that had a largest trade value in exports than in imports of Paintings were United Kingdom ($2.28B), United States ($1.46B), Spain ($140M), Brazil ($126M), and Singapore ($85.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Paintings were Hong Kong ($2.6B), Switzerland ($304M), United Arab Emirates ($224M), South Korea ($192M), and Canada ($168M).

Trade Forecasts

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This section shows forecasts for total trade for Paintings. 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 Paintings was 7.12%.  The countries with the highest tariffs for importing Paintings were Zimbabwe (36.5%), Syria (32.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.