HS Icon Bandages

3005 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.1B, Rnk 382 / 1225

Top Exporter (2018): $1.67B, China

Top Importer (2018): $1.15B, United States

Product Complexity (2018): 0.62, Rnk 319 / 1018

Export Growth (CAGR)(2017 - 2018): 20.5%, Rnk 324 / 1225

Mean Tariff (2018): 6.37%, Rnk 665 / 1259

Share of World Trade (2018): 0.044%, Rnk 382 / 1225

Overview:  This page contains the latest trade data of Bandages. In 2018, Bandages were the world's 382nd most traded product, with a total trade of $8.1B. Between 2017 and 2018 the exports of Bandages grew by 20.5%, from  $6.72B to $8.1B. Trade in Bandages represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Bandages  were China ($1.67B), Germany ($810M), United States ($749M), United Kingdom ($684M), and Belgium-Luxembourg ($440M).

Imports: In 2018 the top importers of Bandages were United States ($1.15B), Germany ($877M), France ($576M), United Kingdom ($456M), and Netherlands ($386M).

Tariffs: In 2018 the average tariff for Bandages was 6.37%, been the 665 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bandages are Iran (31.6%), Sri Lanka (30%), Uzbekistan (28.7%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Bandages ranks 319th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.67B

Top Destination (2018): United States, $1.15B

Bandages are the world's 382nd most traded product.

In 2018, the top exporters of Bandages were China ($1.67B), Germany ($810M), United States ($749M), United Kingdom ($684M), and Belgium-Luxembourg ($440M).

In 2018, the top importers of Bandages were United States ($1.15B), Germany ($877M), France ($576M), United Kingdom ($456M), and Netherlands ($386M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $242M

Top Destination Growth (2017 - 2018): United States, $619M

Between 2017 and 2018, the exports of Bandages grew the fastest in China ($242M), Netherlands ($143M), Belgium-Luxembourg ($135M), Germany ($115M), and France ($114M).

Between 2017 and 2018, the fastest growing importers of Bandages were United States ($619M), Germany ($79M), Australia ($77.8M), Denmark ($42.1M), and Singapore ($40.2M).

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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 Bandages.

In 2018,  market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Bandages are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $1.47B

TOP NET IMPORTER (2018): United States, $403M

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

In 2018, the countries that had a largest trade value in exports than in imports of Bandages were China ($1.47B), Czechia ($287M), United Kingdom ($228M), Finland ($190M), and Hungary ($154M).

In 2018, the countries that had a largest trade value in imports than in exports of Bandages were United States ($403M), France ($236M), Australia ($152M), Canada ($141M), and Spain ($93.8M).

Trade Forecasts

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This section shows forecasts for total trade for Bandages. 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 Bandages was 6.37%.  The countries with the highest tariffs for importing Bandages were Iran (31.6%), Sri Lanka (30%), Uzbekistan (28.7%), Bermuda (25%), and Tunisia (20%).

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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.