HS Icon Fireworks

3604 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.37B, Rnk 837 / 1225

Top Exporter (2018): $904M, China

Top Importer (2018): $385M, United States

Product Complexity (2018): -0.052, Rnk 570 / 1018

Export Growth (CAGR)(2017 - 2018): 14.5%, Rnk 543 / 1225

Mean Tariff (2018): 13.4%, Rnk 255 / 1259

Share of World Trade (2018): 0.0075%, Rnk 837 / 1225

Overview: In 2018, Fireworks were the world's 837th most traded product, with a total trade of $1.37B. Between 2017 and 2018 the exports of Fireworks grew by 14.5%, from  $1.2B to $1.37B. Trade in Fireworks represent 0.0075% of total world trade.

Exports: In 2018 the top exporters of Fireworks  were China ($904M), Germany ($82.4M), United States ($73.1M), France ($55.9M), and Singapore ($29.7M).

Imports: In 2018 the top importers of Fireworks were United States ($385M), Germany ($152M), Netherlands ($54.3M), Poland ($54.1M), and United Kingdom ($44.9M).

Tariffs: In 2018 the average tariff for Fireworks was 13.4%, been the 255 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Fireworks are Syria (46%), Aruba (42%), Bahamas (40.5%), Iran (40%), and Malaysia (38.8%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Taiwan (0%).

Ranking: Fireworks ranks 570th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $904M

Top Destination (2018): United States, $385M

Fireworks are the world's 837th most traded product.

In 2018, the top exporters of Fireworks were China ($904M), Germany ($82.4M), United States ($73.1M), France ($55.9M), and Singapore ($29.7M).

In 2018, the top importers of Fireworks were United States ($385M), Germany ($152M), Netherlands ($54.3M), Poland ($54.1M), and United Kingdom ($44.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $95.1M

Top Destination Growth (2017 - 2018): Germany, $24.6M

Between 2017 and 2018, the exports of Fireworks grew the fastest in China ($95.1M), France ($27.1M), Germany ($19.6M), Israel ($11.2M), and Netherlands ($11M).

Between 2017 and 2018, the fastest growing importers of Fireworks were Germany ($24.6M), Poland ($21M), Netherlands ($15.1M), United States ($13.9M), and Afghanistan ($12.9M).

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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 Fireworks.

In 2018,  market concentration measured using Shannon Entropy, was 2.35. This means that most of the exports of Fireworks are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $895M

TOP NET IMPORTER (2018): United States, $312M

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

In 2018, the countries that had a largest trade value in exports than in imports of Fireworks were China ($895M), France ($25.5M), Singapore ($24.1M), Brazil ($18.2M), and Israel ($14.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Fireworks were United States ($312M), Germany ($69.7M), Poland ($37.1M), Thailand ($34.6M), and Indonesia ($32.2M).

Trade Forecasts

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This section shows forecasts for total trade for Fireworks. 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 Fireworks was 13.4%.  The countries with the highest tariffs for importing Fireworks were Syria (46%), Aruba (42%), Bahamas (40.5%), Iran (40%), and Malaysia (38.8%).

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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.