HS Icon Synthetic Tanning Extracts

3202 (Harmonized System 1992 for 4-digit)

World Trade (2018): $726M, Rnk 972 / 1225

Top Exporter (2018): $152M, Italy

Top Importer (2018): $97.4M, China

Product Complexity (2018): -0.37, Rnk 655 / 1018

Export Growth (CAGR)(2017 - 2018): -0.99%, Rnk 1104 / 1225

Mean Tariff (2018): 4.92%, Rnk 832 / 1259

Share of World Trade (2018): 0.0039%, Rnk 972 / 1225

Overview:  This page contains the latest trade data of Synthetic Tanning Extracts. In 2018, Synthetic Tanning Extracts were the world's 972nd most traded product, with a total trade of $726M. Between 2017 and 2018 the exports of Synthetic Tanning Extracts decreased by -0.99%, from  $733M to $726M. Trade in Synthetic Tanning Extracts represent 0.0039% of total world trade.

Exports: In 2018 the top exporters of Synthetic Tanning Extracts  were Italy ($152M), Germany ($95.1M), France ($68.6M), India ($68.4M), and Spain ($65.1M).

Imports: In 2018 the top importers of Synthetic Tanning Extracts were China ($97.4M), Italy ($53.2M), Brazil ($43.3M), India ($33.9M), and Hong Kong ($29.6M).

Tariffs: In 2018 the average tariff for Synthetic Tanning Extracts was 4.92%, been the 832 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Synthetic Tanning Extracts are Bahamas (40.2%), Bermuda (25%), Iran (20%), Azerbaijan (14.4%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Synthetic Tanning Extracts ranks 655th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $152M

Top Destination (2018): China, $97.4M

Synthetic Tanning Extracts are the world's 972nd most traded product.

In 2018, the top exporters of Synthetic Tanning Extracts were Italy ($152M), Germany ($95.1M), France ($68.6M), India ($68.4M), and Spain ($65.1M).

In 2018, the top importers of Synthetic Tanning Extracts were China ($97.4M), Italy ($53.2M), Brazil ($43.3M), India ($33.9M), and Hong Kong ($29.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $5.06M

Top Destination Growth (2017 - 2018): Mexico, $10.9M

Between 2017 and 2018, the exports of Synthetic Tanning Extracts grew the fastest in France ($5.06M), Italy ($4.74M), India ($3.14M), United Kingdom ($2.16M), and China ($2.15M).

Between 2017 and 2018, the fastest growing importers of Synthetic Tanning Extracts were Mexico ($10.9M), Bangladesh ($5.12M), Turkey ($4.8M), Brazil ($4.74M), and Argentina ($2.73M).

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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 Synthetic Tanning Extracts.

In 2018,  market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Synthetic Tanning Extracts are explained by 15 countries.

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TOP NET EXPORTER (2018): Italy, $98.9M

TOP NET IMPORTER (2018): China, $64.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Synthetic Tanning Extracts were Italy ($98.9M), Germany ($80.1M), France ($61.1M), Spain ($48.5M), and Netherlands ($37.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Synthetic Tanning Extracts were China ($64.1M), Brazil ($33.9M), South Korea ($25M), Mexico ($23.9M), and Pakistan ($21.5M).

Trade Forecasts

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This section shows forecasts for total trade for Synthetic 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 Synthetic Tanning Extracts was 4.92%.  The countries with the highest tariffs for importing Synthetic Tanning Extracts were Bahamas (40.2%), Bermuda (25%), Iran (20%), Azerbaijan (14.4%), and Algeria (12.2%).

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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.