HS Icon Glues

3506 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12.2B, Rnk 285 / 1225

Top Exporter (2018): $2.26B, Germany

Top Importer (2018): $1.07B, China

Product Complexity (2018): 1.1, Rnk 140 / 1018

Export Growth (CAGR)(2017 - 2018): 11.6%, Rnk 692 / 1225

Mean Tariff (2018): 9%, Rnk 474 / 1259

Share of World Trade (2018): 0.066%, Rnk 285 / 1225

Overview: In 2018, Glues were the world's 285th most traded product, with a total trade of $12.2B. Between 2017 and 2018 the exports of Glues grew by 11.6%, from  $10.9B to $12.2B. Trade in Glues represent 0.066% of total world trade.

Exports: In 2018 the top exporters of Glues  were Germany ($2.26B), China ($1.84B), United States ($1.58B), Japan ($641M), and Chinese Taipei ($589M).

Imports: In 2018 the top importers of Glues were China ($1.07B), Germany ($756M), Vietnam ($535M), Mexico ($471M), and United States ($470M).

Tariffs: In 2018 the average tariff for Glues was 9%, been the 474 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glues are Bahamas (42.4%), Uzbekistan (28.1%), Algeria (27.9%), Iran (25%), and Malaysia (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Glues ranks 140th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.26B

Top Destination (2018): China, $1.07B

Glues are the world's 285th most traded product.

In 2018, the top exporters of Glues were Germany ($2.26B), China ($1.84B), United States ($1.58B), Japan ($641M), and Chinese Taipei ($589M).

In 2018, the top importers of Glues were China ($1.07B), Germany ($756M), Vietnam ($535M), Mexico ($471M), and United States ($470M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $337M

Top Destination Growth (2017 - 2018): Canada, $359M

Between 2017 and 2018, the exports of Glues grew the fastest in China ($337M), Chinese Taipei ($225M), United States ($208M), Germany ($149M), and Italy ($59.2M).

Between 2017 and 2018, the fastest growing importers of Glues were Canada ($359M), Vietnam ($158M), Belgium-Luxembourg ($80.4M), Poland ($77.5M), and Hong Kong ($59.1M).

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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 Glues.

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Glues are explained by 19 countries.

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TOP NET EXPORTER (2018): Germany, $1.5B

TOP NET IMPORTER (2018): Vietnam, $493M

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

In 2018, the countries that had a largest trade value in exports than in imports of Glues were Germany ($1.5B), United States ($1.11B), China ($766M), Japan ($471M), and Chinese Taipei ($324M).

In 2018, the countries that had a largest trade value in imports than in exports of Glues were Vietnam ($493M), Hong Kong ($390M), Mexico ($366M), Canada ($294M), and Russia ($253M).

Trade Forecasts

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This section shows forecasts for total trade for Glues. 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 Glues was 9%.  The countries with the highest tariffs for importing Glues were Bahamas (42.4%), Uzbekistan (28.1%), Algeria (27.9%), Iran (25%), and Malaysia (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.