HS Icon Agarbatti, odorifers operated by burning

330741 (Harmonized System 1992 for 6-digit)

World Trade (2018): $383M, Rnk 3060 / 4726

Top Exporter (2018): $101M, India

Top Importer (2018): $87.9M, India

Export Growth (CAGR)(2017 - 2018): 24.4%, Rnk 1094 / 4726

Mean Tariff (2018): 15.9%, Rnk 973 / 6538

Share of World Trade (2018): 0.0021%, Rnk 3060 / 4726

Overview:  This page contains the latest trade data of Agarbatti, odorifers operated by burning. In 2018, Agarbatti, odorifers operated by burning were the world's 3060th most traded product, with a total trade of $383M. Between 2017 and 2018 the exports of Agarbatti, odorifers operated by burning grew by 24.4%, from  $308M to $383M. Trade in Agarbatti, odorifers operated by burning represent 0.0021% of total world trade.

Exports: In 2018 the top exporters of Agarbatti, odorifers operated by burning  were India ($101M), Vietnam ($89.8M), China ($85.9M), France ($22.2M), and United Arab Emirates ($12.8M).

Imports: In 2018 the top importers of Agarbatti, odorifers operated by burning were India ($87.9M), Malaysia ($31.7M), United States ($27M), Chinese Taipei ($17.8M), and Japan ($13.4M).

Tariffs: In 2018 the average tariff for Agarbatti, odorifers operated by burning was 15.9%, been the 973 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Agarbatti, odorifers operated by burning are Syria (73.5%), Iran (50%), Bahamas (40.2%), Zimbabwe (36.5%), and Cambodia (35%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $101M

Top Destination (2018): India, $87.9M

Agarbatti, odorifers operated by burning are the world's 3060th most traded product.

In 2018, the top exporters of Agarbatti, odorifers operated by burning were India ($101M), Vietnam ($89.8M), China ($85.9M), France ($22.2M), and United Arab Emirates ($12.8M).

In 2018, the top importers of Agarbatti, odorifers operated by burning were India ($87.9M), Malaysia ($31.7M), United States ($27M), Chinese Taipei ($17.8M), and Japan ($13.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $12M

Top Destination Growth (2017 - 2018): United States, $26.9M

Between 2017 and 2018, the exports of Agarbatti, odorifers operated by burning grew the fastest in China ($12M), France ($10.4M), United Arab Emirates ($9.45M), India ($8.7M), and Vietnam ($8.66M).

Between 2017 and 2018, the fastest growing importers of Agarbatti, odorifers operated by burning were United States ($26.9M), Hong Kong ($9.21M), Saudi Arabia ($8.81M), Singapore ($7.93M), and Malaysia ($6.95M).

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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 Agarbatti, odorifers operated by burning.

In 2018,  market concentration measured using Shannon Entropy, was 3.22. This means that most of the exports of Agarbatti, odorifers operated by burning are explained by 9 countries.

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TOP NET EXPORTER (2018): Vietnam, $84.7M

TOP NET IMPORTER (2018): United States, $23M

This map shows which countries export or import more of Agarbatti, odorifers operated by burning. Each country is colored based on the difference in exports and imports of Agarbatti, odorifers operated by burning during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Agarbatti, odorifers operated by burning were Vietnam ($84.7M), China ($82.1M), France ($16.7M), India ($13.1M), and United Arab Emirates ($4.23M).

In 2018, the countries that had a largest trade value in imports than in exports of Agarbatti, odorifers operated by burning were United States ($23M), Malaysia ($21M), Chinese Taipei ($16M), Saudi Arabia ($8.81M), and Hong Kong ($8.35M).

Trade Forecasts

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This section shows forecasts for total trade for Agarbatti, odorifers operated by burning. 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 Agarbatti, odorifers operated by burning was 15.9%.  The countries with the highest tariffs for importing Agarbatti, odorifers operated by burning were Syria (73.5%), Iran (50%), Bahamas (40.2%), Zimbabwe (36.5%), and Cambodia (35%).

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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.