HS Icon Sculptures

9703 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.66B, Rnk 585 / 1225

Top Exporter (2018): $1.18B, United States

Top Importer (2018): $1.04B, United States

Product Complexity (2018): -0.31, Rnk 642 / 1018

Export Growth (CAGR)(2017 - 2018): 20.1%, Rnk 334 / 1225

Mean Tariff (2018): 6.07%, Rnk 695 / 1259

Share of World Trade (2018): 0.02%, Rnk 585 / 1225

Overview:  This page contains the latest trade data of Sculptures. In 2018, Sculptures were the world's 585th most traded product, with a total trade of $3.66B. Between 2017 and 2018 the exports of Sculptures grew by 20.1%, from  $3.05B to $3.66B. Trade in Sculptures represent 0.02% of total world trade.

Exports: In 2018 the top exporters of Sculptures  were United States ($1.18B), United Kingdom ($908M), Switzerland ($389M), Germany ($235M), and Italy ($185M).

Imports: In 2018 the top importers of Sculptures were United States ($1.04B), Switzerland ($590M), United Kingdom ($481M), Hong Kong ($348M), and Germany ($184M).

Tariffs: In 2018 the average tariff for Sculptures was 6.07%, been the 695 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sculptures are Syria (36.8%), Cameroon (29.4%), Gabon (29.4%), Uzbekistan (28.7%), and Ecuador (27.1%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Armenia (0%).

Ranking: Sculptures ranks 642nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.18B

Top Destination (2018): United States, $1.04B

Sculptures are the world's 585th most traded product.

In 2018, the top exporters of Sculptures were United States ($1.18B), United Kingdom ($908M), Switzerland ($389M), Germany ($235M), and Italy ($185M).

In 2018, the top importers of Sculptures were United States ($1.04B), Switzerland ($590M), United Kingdom ($481M), Hong Kong ($348M), and Germany ($184M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $479M

Top Destination Growth (2017 - 2018): United Kingdom, $237M

Between 2017 and 2018, the exports of Sculptures grew the fastest in United States ($479M), United Kingdom ($411M), Switzerland ($91.8M), Brazil ($26.5M), and Italy ($13.6M).

Between 2017 and 2018, the fastest growing importers of Sculptures were United Kingdom ($237M), Hong Kong ($176M), Switzerland ($121M), Germany ($55.8M), and Belgium-Luxembourg ($47.4M).

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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 Sculptures.

In 2018,  market concentration measured using Shannon Entropy, was 3.19. This means that most of the exports of Sculptures are explained by 9 countries.

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TOP NET EXPORTER (2018): United Kingdom, $427M

TOP NET IMPORTER (2018): Hong Kong, $330M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sculptures were United Kingdom ($427M), United States ($139M), Italy ($124M), France ($77.3M), and Spain ($55.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Sculptures were Hong Kong ($330M), Switzerland ($201M), South Korea ($66.4M), Netherlands ($50.3M), and Mexico ($42.5M).

Trade Forecasts

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This section shows forecasts for total trade for Sculptures. 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 Sculptures was 6.07%.  The countries with the highest tariffs for importing Sculptures were Syria (36.8%), Cameroon (29.4%), Gabon (29.4%), Uzbekistan (28.7%), and Ecuador (27.1%).

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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.