HS Icon Raw hides and skins (other than furskins) and leather

41 (Harmonized System 1992 for 2-digit)

World Trade (2018): $23.9B, Rnk 72 / 96

Top Exporter (2018): $4.4B, Italy

Top Importer (2018): $3.92B, China

Product Complexity (2018): -0.86, Rnk 78 / 96

Export Growth (CAGR)(2017 - 2018): -3.21%, Rnk 95 / 96

Mean Tariff (2018): 6.87%, Rnk 67 / 96

Share of World Trade (2018): 0.13%, Rnk 72 / 96

Overview:  This page contains the latest trade data of Raw hides and skins (other than furskins) and leather. In 2018, Raw hides and skins (other than furskins) and leather were the world's 72nd most traded product, with a total trade of $23.9B. Between 2017 and 2018 the exports of Raw hides and skins (other than furskins) and leather decreased by -3.21%, from  $24.7B to $23.9B. Trade in Raw hides and skins (other than furskins) and leather represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Raw hides and skins (other than furskins) and leather  were Italy ($4.4B), United States ($2.2B), Brazil ($1.47B), Germany ($1.02B), and Argentina ($826M).

Imports: In 2018 the top importers of Raw hides and skins (other than furskins) and leather were China ($3.92B), Italy ($3.23B), Vietnam ($1.54B), Hong Kong ($1.42B), and United States ($919M).

Tariffs: In 2018 the average tariff for Raw hides and skins (other than furskins) and leather was 6.87%, been the 67 lowest tariff using the HS2 product classification.

The countries with the highest import tariffs for Raw hides and skins (other than furskins) and leather are Bahamas (40.2%), Iran (39.2%), Sudan (35%), Bermuda (25%), and Syria (22.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Raw hides and skins (other than furskins) and leather ranks 78th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $4.4B

Top Destination (2018): China, $3.92B

Raw hides and skins (other than furskins) and leather are the world's 72nd most traded product.

In 2018, the top exporters of Raw hides and skins (other than furskins) and leather were Italy ($4.4B), United States ($2.2B), Brazil ($1.47B), Germany ($1.02B), and Argentina ($826M).

In 2018, the top importers of Raw hides and skins (other than furskins) and leather were China ($3.92B), Italy ($3.23B), Vietnam ($1.54B), Hong Kong ($1.42B), and United States ($919M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $232M

Top Destination Growth (2017 - 2018): Vietnam, $296M

Between 2017 and 2018, the exports of Raw hides and skins (other than furskins) and leather grew the fastest in Thailand ($232M), Austria ($225M), Chinese Taipei ($153M), Uzbekistan ($94.8M), and Croatia ($74.3M).

Between 2017 and 2018, the fastest growing importers of Raw hides and skins (other than furskins) and leather were Vietnam ($296M), Croatia ($264M), Thailand ($146M), France ($137M), and Cambodia ($106M).

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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 Raw hides and skins (other than furskins) and leather.

In 2018,  market concentration measured using Shannon Entropy, was 5.11. This means that most of the exports of Raw hides and skins (other than furskins) and leather are explained by 34 countries.

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TOP NET EXPORTER (2018): Brazil, $1.43B

TOP NET IMPORTER (2018): China, $3.21B

This map shows which countries export or import more of Raw hides and skins (other than furskins) and leather. Each country is colored based on the difference in exports and imports of Raw hides and skins (other than furskins) and leather during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Raw hides and skins (other than furskins) and leather were Brazil ($1.43B), United States ($1.28B), Italy ($1.17B), Argentina ($810M), and Australia ($619M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw hides and skins (other than furskins) and leather were China ($3.21B), Vietnam ($1.14B), Hong Kong ($1.14B), Portugal ($392M), and Romania ($383M).

Trade Forecasts

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This section shows forecasts for total trade for Raw hides and skins (other than furskins) and leather. 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 Raw hides and skins (other than furskins) and leather was 6.87%.  The countries with the highest tariffs for importing Raw hides and skins (other than furskins) and leather were Bahamas (40.2%), Iran (39.2%), Sudan (35%), Bermuda (25%), and Syria (22.4%).

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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.