HS Icon Detonating Fuses

3603 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.68B, Rnk 784 / 1225

Top Exporter (2018): $250M, Czechia

Top Importer (2018): $313M, United States

Product Complexity (2018): -0.64, Rnk 734 / 1018

Export Growth (CAGR)(2017 - 2018): 51.8%, Rnk 62 / 1225

Mean Tariff (2018): 5.42%, Rnk 758 / 1259

Share of World Trade (2018): 0.0091%, Rnk 784 / 1225

Overview: In 2018, Detonating Fuses were the world's 784th most traded product, with a total trade of $1.68B. Between 2017 and 2018 the exports of Detonating Fuses grew by 51.8%, from  $1.11B to $1.68B. Trade in Detonating Fuses represent 0.0091% of total world trade.

Exports: In 2018 the top exporters of Detonating Fuses  were Czechia ($250M), United States ($234M), Canada ($177M), France ($131M), and Germany ($114M).

Imports: In 2018 the top importers of Detonating Fuses were United States ($313M), Mexico ($122M), Australia ($90.5M), Germany ($74M), and China ($69M).

Tariffs: In 2018 the average tariff for Detonating Fuses was 5.42%, been the 758 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Detonating Fuses are Bahamas (40.2%), Maldives (34.2%), Bermuda (25%), Bangladesh (24.5%), and Sudan (21.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Vietnam (0%).

Ranking: Detonating Fuses ranks 734th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Czechia, $250M

Top Destination (2018): United States, $313M

Detonating Fuses are the world's 784th most traded product.

In 2018, the top exporters of Detonating Fuses were Czechia ($250M), United States ($234M), Canada ($177M), France ($131M), and Germany ($114M).

In 2018, the top importers of Detonating Fuses were United States ($313M), Mexico ($122M), Australia ($90.5M), Germany ($74M), and China ($69M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $131M

Top Destination Growth (2017 - 2018): United States, $312M

Between 2017 and 2018, the exports of Detonating Fuses grew the fastest in Canada ($131M), Czechia ($108M), Mexico ($87.8M), Germany ($72.6M), and United States ($66M).

Between 2017 and 2018, the fastest growing importers of Detonating Fuses were United States ($312M), Australia ($90M), Indonesia ($20.8M), Colombia ($15.4M), and Thailand ($14.3M).

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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 Detonating Fuses.

In 2018,  market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Detonating Fuses are explained by 20 countries.

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TOP NET EXPORTER (2018): Czechia, $238M

TOP NET IMPORTER (2018): Australia, $81.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Detonating Fuses were Czechia ($238M), Canada ($146M), France ($105M), Spain ($48.6M), and Germany ($40.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Detonating Fuses were Australia ($81.2M), United States ($79.7M), Indonesia ($59.8M), Romania ($42.1M), and Turkey ($31.1M).

Trade Forecasts

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This section shows forecasts for total trade for Detonating Fuses. 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 Detonating Fuses was 5.42%.  The countries with the highest tariffs for importing Detonating Fuses were Bahamas (40.2%), Maldives (34.2%), Bermuda (25%), Bangladesh (24.5%), and Sudan (21.9%).

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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.