HS Icon Hair Products

3305 (Harmonized System 1992 for 4-digit)

World Trade (2018): $14.5B, Rnk 253 / 1225

Top Exporter (2018): $1.49B, Germany

Top Importer (2018): $1.3B, United States

Product Complexity (2018): -0.034, Rnk 561 / 1018

Export Growth (CAGR)(2017 - 2018): 12.2%, Rnk 660 / 1225

Mean Tariff (2018): 15.8%, Rnk 173 / 1259

Share of World Trade (2018): 0.079%, Rnk 253 / 1225

Overview: In 2018, Hair Products were the world's 253rd most traded product, with a total trade of $14.5B. Between 2017 and 2018 the exports of Hair Products grew by 12.2%, from  $12.9B to $14.5B. Trade in Hair Products represent 0.079% of total world trade.

Exports: In 2018 the top exporters of Hair Products  were Germany ($1.49B), United States ($1.25B), Italy ($1.1B), France ($1.02B), and Thailand ($854M).

Imports: In 2018 the top importers of Hair Products were United States ($1.3B), United Kingdom ($783M), Germany ($751M), France ($536M), and Netherlands ($472M).

Tariffs: In 2018 the average tariff for Hair Products was 15.8%, been the 173 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hair Products are Syria (73.5%), Iran (50%), Zimbabwe (36.5%), Sudan (35%), and Egypt (33.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Turkey (0%).

Ranking: Hair Products ranks 561st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.49B

Top Destination (2018): United States, $1.3B

Hair Products are the world's 253rd most traded product.

In 2018, the top exporters of Hair Products were Germany ($1.49B), United States ($1.25B), Italy ($1.1B), France ($1.02B), and Thailand ($854M).

In 2018, the top importers of Hair Products were United States ($1.3B), United Kingdom ($783M), Germany ($751M), France ($536M), and Netherlands ($472M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $311M

Top Destination Growth (2017 - 2018): Saudi Arabia, $183M

Between 2017 and 2018, the exports of Hair Products grew the fastest in United Arab Emirates ($311M), Thailand ($168M), Italy ($149M), Netherlands ($100M), and Japan ($99.1M).

Between 2017 and 2018, the fastest growing importers of Hair Products were Saudi Arabia ($183M), United States ($118M), China ($111M), France ($95M), and Hong Kong ($87.5M).

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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 Hair Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Hair Products are explained by 30 countries.

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TOP NET EXPORTER (2018): Italy, $819M

TOP NET IMPORTER (2018): Hong Kong, $269M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hair Products were Italy ($819M), Thailand ($783M), Germany ($744M), Mexico ($612M), and France ($485M).

In 2018, the countries that had a largest trade value in imports than in exports of Hair Products were Hong Kong ($269M), Russia ($253M), United Kingdom ($230M), Australia ($198M), and Saudi Arabia ($178M).

Trade Forecasts

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This section shows forecasts for total trade for Hair Products. 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 Hair Products was 15.8%.  The countries with the highest tariffs for importing Hair Products were Syria (73.5%), Iran (50%), Zimbabwe (36.5%), Sudan (35%), and Egypt (33.9%).

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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.