HS Icon Water

2201 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.2B, Rnk 554 / 1225

Top Exporter (2018): $1B, France

Top Importer (2018): $673M, United States

Product Complexity (2018): -0.64, Rnk 736 / 1018

Export Growth (CAGR)(2017 - 2018): 12.3%, Rnk 658 / 1225

Mean Tariff (2018): 19.9%, Rnk 108 / 1259

Share of World Trade (2018): 0.023%, Rnk 554 / 1225

Overview:  This page contains the latest trade data of Water. In 2018, Water were the world's 554th most traded product, with a total trade of $4.2B. Between 2017 and 2018 the exports of Water grew by 12.3%, from  $3.74B to $4.2B. Trade in Water represent 0.023% of total world trade.

Exports: In 2018 the top exporters of Water  were France ($1B), China ($712M), Italy ($687M), Belgium-Luxembourg ($231M), and Fiji ($162M).

Imports: In 2018 the top importers of Water were United States ($673M), Hong Kong ($651M), Belgium-Luxembourg ($315M), Germany ($282M), and United Kingdom ($191M).

Tariffs: In 2018 the average tariff for Water was 19.9%, been the 108 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Water are Belize (97%), Bahamas (89.2%), Zimbabwe (71.8%), Angola (70%), and Syria (64.3%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Singapore (0%), Turkey (0%), and Bosnia and Herzegovina (0%).

Ranking: Water ranks 736th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $1B

Top Destination (2018): United States, $673M

Water are the world's 554th most traded product.

In 2018, the top exporters of Water were France ($1B), China ($712M), Italy ($687M), Belgium-Luxembourg ($231M), and Fiji ($162M).

In 2018, the top importers of Water were United States ($673M), Hong Kong ($651M), Belgium-Luxembourg ($315M), Germany ($282M), and United Kingdom ($191M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $94.6M

Top Destination Growth (2017 - 2018): Palestine, $64.4M

Between 2017 and 2018, the exports of Water grew the fastest in Italy ($94.6M), Israel ($64.4M), Belgium-Luxembourg ($52.8M), France ($38.7M), and Spain ($28M).

Between 2017 and 2018, the fastest growing importers of Water were Palestine ($64.4M), United States ($59.6M), Belgium-Luxembourg ($43.6M), France ($43.4M), and Germany ($41.9M).

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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 Water.

In 2018,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Water are explained by 15 countries.

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TOP NET EXPORTER (2018): France, $834M

TOP NET IMPORTER (2018): Hong Kong, $645M

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

In 2018, the countries that had a largest trade value in exports than in imports of Water were France ($834M), Italy ($667M), China ($626M), Fiji ($162M), and Georgia ($112M).

In 2018, the countries that had a largest trade value in imports than in exports of Water were Hong Kong ($645M), United States ($524M), Japan ($153M), Germany ($147M), and Netherlands ($136M).

Trade Forecasts

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This section shows forecasts for total trade for Water. 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 Water was 19.9%.  The countries with the highest tariffs for importing Water were Belize (97%), Bahamas (89.2%), Zimbabwe (71.8%), Angola (70%), and Syria (64.3%).

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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.