HS Icon Paintings/drawings/pastels executed by hand

970110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $15.3B, Rnk 184 / 4726

Top Exporter (2018): $5.35B, United States

Top Importer (2018): $3.91B, United States

Product Complexity (2018): 0.9, Rnk 946 / 4873

Export Growth (CAGR)(2017 - 2018): 17.5%, Rnk 1604 / 4726

Mean Tariff (2018): 6.44%, Rnk 3417 / 6538

Share of World Trade (2018): 0.083%, Rnk 184 / 4726

Overview:  This page contains the latest trade data of Paintings/drawings/pastels executed by hand. In 2018, Paintings/drawings/pastels executed by hand were the world's 184th most traded product, with a total trade of $15.3B. Between 2017 and 2018 the exports of Paintings/drawings/pastels executed by hand grew by 17.5%, from  $13.1B to $15.3B. Trade in Paintings/drawings/pastels executed by hand represent 0.083% of total world trade.

Exports: In 2018 the top exporters of Paintings/drawings/pastels executed by hand  were United States ($5.35B), United Kingdom ($3.97B), Switzerland ($1.85B), France ($730M), and Germany ($564M).

Imports: In 2018 the top importers of Paintings/drawings/pastels executed by hand were United States ($3.91B), Hong Kong ($2.76B), Switzerland ($2.14B), United Kingdom ($1.68B), and France ($746M).

Tariffs: In 2018 the average tariff for Paintings/drawings/pastels executed by hand was 6.44%, been the 3417 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Paintings/drawings/pastels executed by hand are Zimbabwe (36.5%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Armenia (0%).

Ranking: Paintings/drawings/pastels executed by hand ranks 946th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $5.35B

Top Destination (2018): United States, $3.91B

Paintings/drawings/pastels executed by hand are the world's 184th most traded product.

In 2018, the top exporters of Paintings/drawings/pastels executed by hand were United States ($5.35B), United Kingdom ($3.97B), Switzerland ($1.85B), France ($730M), and Germany ($564M).

In 2018, the top importers of Paintings/drawings/pastels executed by hand were United States ($3.91B), Hong Kong ($2.76B), Switzerland ($2.14B), United Kingdom ($1.68B), and France ($746M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $2.93B

Top Destination Growth (2017 - 2018): Hong Kong, $1.61B

Between 2017 and 2018, the exports of Paintings/drawings/pastels executed by hand grew the fastest in United States ($2.93B), United Kingdom ($1.87B), Switzerland ($479M), Brazil ($114M), and Singapore ($81.2M).

Between 2017 and 2018, the fastest growing importers of Paintings/drawings/pastels executed by hand were Hong Kong ($1.61B), Switzerland ($816M), Germany ($258M), United Arab Emirates ($251M), and Netherlands ($251M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Paintings/drawings/pastels executed by hand.

In 2018,  market concentration measured using Shannon Entropy, was 3.08. This means that most of the exports of Paintings/drawings/pastels executed by hand are explained by 8 countries.

Explore Visualizations

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

TOP NET IMPORTER (2018): Hong Kong, $2.58B

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

In 2018, the countries that had a largest trade value in exports than in imports of Paintings/drawings/pastels executed by hand were United Kingdom ($2.28B), United States ($1.44B), Spain ($141M), Brazil ($130M), and Singapore ($88.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Paintings/drawings/pastels executed by hand were Hong Kong ($2.58B), Switzerland ($291M), United Arab Emirates ($222M), South Korea ($181M), and Canada ($171M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Paintings/drawings/pastels executed by hand. 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 Paintings/drawings/pastels executed by hand was 6.44%.  The countries with the highest tariffs for importing Paintings/drawings/pastels executed by hand were Zimbabwe (36.5%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%).

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.