HS Icon Vegetable Tanning Extracts

3201 (Harmonized System 1992 for 4-digit)

World Trade (2018): $383M, Rnk 1072 / 1225

Top Exporter (2018): $72.5M, Argentina

Top Importer (2018): $87.8M, India

Export Growth (CAGR)(2017 - 2018): 3.72%, Rnk 1003 / 1225

Mean Tariff (2018): 2.81%, Rnk 1158 / 1259

Share of World Trade (2018): 0.0021%, Rnk 1072 / 1225

Overview: In 2018, Vegetable Tanning Extracts were the world's 1072nd most traded product, with a total trade of $383M. Between 2017 and 2018 the exports of Vegetable Tanning Extracts grew by 3.72%, from  $369M to $383M. Trade in Vegetable Tanning Extracts represent 0.0021% of total world trade.

Exports: In 2018 the top exporters of Vegetable Tanning Extracts  were Argentina ($72.5M), Indonesia ($54.4M), South Africa ($53.6M), Brazil ($50.6M), and Italy ($34M).

Imports: In 2018 the top importers of Vegetable Tanning Extracts were India ($87.8M), Italy ($47M), China ($26.6M), Mexico ($24.4M), and United States ($21M).

Tariffs: In 2018 the average tariff for Vegetable Tanning Extracts was 2.81%, been the 1158 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vegetable Tanning Extracts are Bahamas (40.2%), Bermuda (25%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Argentina, $72.5M

Top Destination (2018): India, $87.8M

Vegetable Tanning Extracts are the world's 1072nd most traded product.

In 2018, the top exporters of Vegetable Tanning Extracts were Argentina ($72.5M), Indonesia ($54.4M), South Africa ($53.6M), Brazil ($50.6M), and Italy ($34M).

In 2018, the top importers of Vegetable Tanning Extracts were India ($87.8M), Italy ($47M), China ($26.6M), Mexico ($24.4M), and United States ($21M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $9.96M

Top Destination Growth (2017 - 2018): United States, $12.5M

Between 2017 and 2018, the exports of Vegetable Tanning Extracts grew the fastest in Italy ($9.96M), France ($5.07M), Slovenia ($4.53M), Belgium-Luxembourg ($4.08M), and Singapore ($2.72M).

Between 2017 and 2018, the fastest growing importers of Vegetable Tanning Extracts were United States ($12.5M), Netherlands ($8.27M), Belgium-Luxembourg ($2.99M), Democratic Republic of the Congo ($2.26M), and Spain ($2.13M).

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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 Vegetable Tanning Extracts.

In 2018,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Vegetable Tanning Extracts are explained by 13 countries.

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TOP NET EXPORTER (2018): Argentina, $69.3M

TOP NET IMPORTER (2018): India, $81.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Vegetable Tanning Extracts were Argentina ($69.3M), South Africa ($52M), Indonesia ($51.6M), Brazil ($43.9M), and Slovenia ($14.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetable Tanning Extracts were India ($81.2M), Mexico ($24.3M), China ($20.4M), United States ($14.2M), and Italy ($13M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetable Tanning Extracts. 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 Vegetable Tanning Extracts was 2.81%.  The countries with the highest tariffs for importing Vegetable Tanning Extracts were Bahamas (40.2%), Bermuda (25%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%).

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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.