HS Icon Scented Mixtures

3302 (Harmonized System 1992 for 4-digit)

World Trade (2018): $25.4B, Rnk 152 / 1225

Top Exporter (2018): $8.75B, Ireland

Top Importer (2018): $3.03B, United States

Product Complexity (2018): 0.14, Rnk 490 / 1018

Export Growth (CAGR)(2017 - 2018): 11.2%, Rnk 712 / 1225

Mean Tariff (2018): 7.58%, Rnk 579 / 1259

Share of World Trade (2018): 0.14%, Rnk 152 / 1225

Overview: In 2018, Scented Mixtures were the world's 152nd most traded product, with a total trade of $25.4B. Between 2017 and 2018 the exports of Scented Mixtures grew by 11.2%, from  $22.9B to $25.4B. Trade in Scented Mixtures represent 0.14% of total world trade.

Exports: In 2018 the top exporters of Scented Mixtures  were Ireland ($8.75B), France ($2.31B), Germany ($2.15B), United States ($2.11B), and Switzerland ($1.69B).

Imports: In 2018 the top importers of Scented Mixtures were United States ($3.03B), Mexico ($1.66B), France ($1.61B), Germany ($1.54B), and United Kingdom ($1.2B).

Tariffs: In 2018 the average tariff for Scented Mixtures was 7.58%, been the 579 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scented Mixtures are Egypt (507%), Indonesia (77.1%), Bahamas (41%), Romania (35.5%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Ranking: Scented Mixtures ranks 490th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ireland, $8.75B

Top Destination (2018): United States, $3.03B

Scented Mixtures are the world's 152nd most traded product.

In 2018, the top exporters of Scented Mixtures were Ireland ($8.75B), France ($2.31B), Germany ($2.15B), United States ($2.11B), and Switzerland ($1.69B).

In 2018, the top importers of Scented Mixtures were United States ($3.03B), Mexico ($1.66B), France ($1.61B), Germany ($1.54B), and United Kingdom ($1.2B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $695M

Top Destination Growth (2017 - 2018): United States, $465M

Between 2017 and 2018, the exports of Scented Mixtures grew the fastest in Ireland ($695M), France ($382M), Singapore ($351M), Switzerland ($316M), and Germany ($190M).

Between 2017 and 2018, the fastest growing importers of Scented Mixtures were United States ($465M), Germany ($259M), United Kingdom ($233M), Poland ($152M), and Italy ($135M).

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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 Scented Mixtures.

In 2018,  market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Scented Mixtures are explained by 12 countries.

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TOP NET EXPORTER (2018): Ireland, $8.46B

TOP NET IMPORTER (2018): Mexico, $1.47B

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

In 2018, the countries that had a largest trade value in exports than in imports of Scented Mixtures were Ireland ($8.46B), Singapore ($1.47B), Switzerland ($1.42B), France ($707M), and Germany ($610M).

In 2018, the countries that had a largest trade value in imports than in exports of Scented Mixtures were Mexico ($1.47B), United States ($916M), Poland ($641M), Italy ($620M), and Russia ($598M).

Trade Forecasts

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This section shows forecasts for total trade for Scented Mixtures. 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 Scented Mixtures was 7.58%.  The countries with the highest tariffs for importing Scented Mixtures were Egypt (507%), Indonesia (77.1%), Bahamas (41%), Romania (35.5%), and Bermuda (25%).

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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.