HS Icon Polishes and Creams

3405 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.34B, Rnk 697 / 1225

Top Exporter (2018): $486M, Japan

Top Importer (2018): $241M, China

Product Complexity (2018): 0.21, Rnk 465 / 1018

Export Growth (CAGR)(2017 - 2018): 8.68%, Rnk 835 / 1225

Mean Tariff (2018): 11.9%, Rnk 318 / 1259

Share of World Trade (2018): 0.013%, Rnk 697 / 1225

Overview:  This page contains the latest trade data of Polishes and Creams. In 2018, Polishes and Creams were the world's 697th most traded product, with a total trade of $2.34B. Between 2017 and 2018 the exports of Polishes and Creams grew by 8.68%, from  $2.15B to $2.34B. Trade in Polishes and Creams represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Polishes and Creams  were Japan ($486M), United States ($387M), Germany ($246M), China ($130M), and United Kingdom ($99.8M).

Imports: In 2018 the top importers of Polishes and Creams were China ($241M), Chinese Taipei ($162M), South Korea ($158M), United States ($150M), and Germany ($136M).

Tariffs: In 2018 the average tariff for Polishes and Creams was 11.9%, been the 318 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Polishes and Creams are Bahamas (41.9%), Iran (40%), Syria (39.8%), Sudan (35%), and Ethiopia (29.7%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Maldives (0%), Singapore (0%), and Turkey (0%).

Ranking: Polishes and Creams ranks 465th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $486M

Top Destination (2018): China, $241M

Polishes and Creams are the world's 697th most traded product.

In 2018, the top exporters of Polishes and Creams were Japan ($486M), United States ($387M), Germany ($246M), China ($130M), and United Kingdom ($99.8M).

In 2018, the top importers of Polishes and Creams were China ($241M), Chinese Taipei ($162M), South Korea ($158M), United States ($150M), and Germany ($136M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $44.3M

Top Destination Growth (2017 - 2018): Chinese Taipei, $44.1M

Between 2017 and 2018, the exports of Polishes and Creams grew the fastest in Japan ($44.3M), United States ($40.9M), Netherlands ($20M), Germany ($16.6M), and Chinese Taipei ($13.1M).

Between 2017 and 2018, the fastest growing importers of Polishes and Creams were Chinese Taipei ($44.1M), China ($37M), United States ($18M), Malaysia ($16.8M), and Poland ($11.6M).

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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 Polishes and Creams.

In 2018,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Polishes and Creams are explained by 19 countries.

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TOP NET EXPORTER (2018): Japan, $428M

TOP NET IMPORTER (2018): Chinese Taipei, $112M

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

In 2018, the countries that had a largest trade value in exports than in imports of Polishes and Creams were Japan ($428M), United States ($237M), Germany ($110M), Netherlands ($44M), and United Kingdom ($35.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Polishes and Creams were Chinese Taipei ($112M), China ($111M), Singapore ($87.6M), South Korea ($68.6M), and Malaysia ($49.1M).

Trade Forecasts

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This section shows forecasts for total trade for Polishes and Creams. 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 Polishes and Creams was 11.9%.  The countries with the highest tariffs for importing Polishes and Creams were Bahamas (41.9%), Iran (40%), Syria (39.8%), Sudan (35%), and Ethiopia (29.7%).

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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.