HS Icon Candles

3406 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.2B, Rnk 613 / 1225

Top Exporter (2018): $673M, China

Top Importer (2018): $522M, United States

Product Complexity (2018): 0.41, Rnk 409 / 1018

Export Growth (CAGR)(2017 - 2018): 8.93%, Rnk 821 / 1225

Mean Tariff (2018): 11.8%, Rnk 321 / 1259

Share of World Trade (2018): 0.017%, Rnk 613 / 1225

Overview: In 2018, Candles were the world's 613th most traded product, with a total trade of $3.2B. Between 2017 and 2018 the exports of Candles grew by 8.93%, from  $2.93B to $3.2B. Trade in Candles represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Candles  were China ($673M), Poland ($589M), Vietnam ($283M), United States ($231M), and Netherlands ($206M).

Imports: In 2018 the top importers of Candles were United States ($522M), Germany ($435M), United Kingdom ($292M), Netherlands ($202M), and France ($141M).

Tariffs: In 2018 the average tariff for Candles was 11.8%, been the 321 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Candles are Syria (46%), Bahamas (40.2%), Zimbabwe (36.5%), Sudan (35%), and Fiji (31.1%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Maldives (0%), Singapore (0%), and Turkey (0%).

Ranking: Candles ranks 409th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $673M

Top Destination (2018): United States, $522M

Candles are the world's 613th most traded product.

In 2018, the top exporters of Candles were China ($673M), Poland ($589M), Vietnam ($283M), United States ($231M), and Netherlands ($206M).

In 2018, the top importers of Candles were United States ($522M), Germany ($435M), United Kingdom ($292M), Netherlands ($202M), and France ($141M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $57.1M

Top Destination Growth (2017 - 2018): United States, $54.8M

Between 2017 and 2018, the exports of Candles grew the fastest in China ($57.1M), Poland ($50.7M), Vietnam ($42.8M), Czechia ($42.7M), and Canada ($24.2M).

Between 2017 and 2018, the fastest growing importers of Candles were United States ($54.8M), Canada ($38.1M), Chinese Taipei ($28.7M), Italy ($28.3M), and Netherlands ($26.5M).

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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 Candles.

In 2018,  market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Candles are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $657M

TOP NET IMPORTER (2018): United States, $291M

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

In 2018, the countries that had a largest trade value in exports than in imports of Candles were China ($657M), Poland ($530M), Vietnam ($279M), India ($52.4M), and Latvia ($32.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Candles were United States ($291M), Germany ($261M), United Kingdom ($198M), Austria ($77.5M), and France ($75.8M).

Trade Forecasts

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This section shows forecasts for total trade for Candles. 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 Candles was 11.8%.  The countries with the highest tariffs for importing Candles were Syria (46%), Bahamas (40.2%), Zimbabwe (36.5%), Sudan (35%), and Fiji (31.1%).

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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.