HS Icon Nonaqueous Paints

3208 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15B, Rnk 244 / 1225

Top Exporter (2018): $2.42B, Germany

Top Importer (2018): $1.09B, China

Product Complexity (2018): 0.33, Rnk 434 / 1018

Export Growth (CAGR)(2017 - 2018): 13.1%, Rnk 608 / 1225

Mean Tariff (2018): 10.8%, Rnk 378 / 1259

Share of World Trade (2018): 0.082%, Rnk 244 / 1225

Overview: In 2018, Nonaqueous Paints were the world's 244th most traded product, with a total trade of $15B. Between 2017 and 2018 the exports of Nonaqueous Paints grew by 13.1%, from  $13.3B to $15B. Trade in Nonaqueous Paints represent 0.082% of total world trade.

Exports: In 2018 the top exporters of Nonaqueous Paints  were Germany ($2.42B), Japan ($1.65B), United States ($1.48B), Italy ($1.2B), and France ($730M).

Imports: In 2018 the top importers of Nonaqueous Paints were China ($1.09B), Germany ($724M), United States ($673M), Russia ($568M), and Canada ($565M).

Tariffs: In 2018 the average tariff for Nonaqueous Paints was 10.8%, been the 378 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nonaqueous Paints are Bahamas (40.2%), Cape Verde (40%), Cambodia (32.5%), Fiji (31.1%), and Nepal (30%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Nonaqueous Paints ranks 434th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $2.42B

Top Destination (2018): China, $1.09B

Nonaqueous Paints are the world's 244th most traded product.

In 2018, the top exporters of Nonaqueous Paints were Germany ($2.42B), Japan ($1.65B), United States ($1.48B), Italy ($1.2B), and France ($730M).

In 2018, the top importers of Nonaqueous Paints were China ($1.09B), Germany ($724M), United States ($673M), Russia ($568M), and Canada ($565M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $262M

Top Destination Growth (2017 - 2018): China, $221M

Between 2017 and 2018, the exports of Nonaqueous Paints grew the fastest in Germany ($262M), Japan ($163M), Italy ($162M), United Arab Emirates ($132M), and South Korea ($96.2M).

Between 2017 and 2018, the fastest growing importers of Nonaqueous Paints were China ($221M), Spain ($104M), France ($98.7M), Poland ($86.9M), and Belgium-Luxembourg ($68.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Nonaqueous Paints.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Nonaqueous Paints are explained by 24 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $1.7B

TOP NET IMPORTER (2018): China, $578M

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

In 2018, the countries that had a largest trade value in exports than in imports of Nonaqueous Paints were Germany ($1.7B), Japan ($1.5B), Italy ($824M), United States ($804M), and United Kingdom ($230M).

In 2018, the countries that had a largest trade value in imports than in exports of Nonaqueous Paints were China ($578M), Russia ($468M), Mexico ($400M), Canada ($336M), and Chinese Taipei ($266M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Nonaqueous Paints. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Nonaqueous Paints was 10.8%.  The countries with the highest tariffs for importing Nonaqueous Paints were Bahamas (40.2%), Cape Verde (40%), Cambodia (32.5%), Fiji (31.1%), and Nepal (30%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.