HS Icon Other Leather Articles

4205 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.31B, Rnk 602 / 1225

Top Exporter (2018): $465M, China

Top Importer (2018): $490M, United States

Product Complexity (2018): -0.22, Rnk 619 / 1018

Export Growth (CAGR)(2017 - 2018): 14.8%, Rnk 533 / 1225

Mean Tariff (2018): 11.4%, Rnk 352 / 1259

Share of World Trade (2018): 0.018%, Rnk 602 / 1225

Overview:  This page contains the latest trade data of Other Leather Articles. In 2018, Other Leather Articles were the world's 602nd most traded product, with a total trade of $3.31B. Between 2017 and 2018 the exports of Other Leather Articles grew by 14.8%, from  $2.88B to $3.31B. Trade in Other Leather Articles represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Other Leather Articles  were China ($465M), Italy ($391M), Hungary ($322M), France ($231M), and Mexico ($196M).

Imports: In 2018 the top importers of Other Leather Articles were United States ($490M), Romania ($396M), Mexico ($144M), Germany ($143M), and Italy ($135M).

Tariffs: In 2018 the average tariff for Other Leather Articles was 11.4%, been the 352 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Leather Articles are Syria (73.5%), Zimbabwe (54.7%), Bahamas (40.2%), Iran (38%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Other Leather Articles ranks 619th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $465M

Top Destination (2018): United States, $490M

Other Leather Articles are the world's 602nd most traded product.

In 2018, the top exporters of Other Leather Articles were China ($465M), Italy ($391M), Hungary ($322M), France ($231M), and Mexico ($196M).

In 2018, the top importers of Other Leather Articles were United States ($490M), Romania ($396M), Mexico ($144M), Germany ($143M), and Italy ($135M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $161M

Top Destination Growth (2017 - 2018): United States, $241M

Between 2017 and 2018, the exports of Other Leather Articles grew the fastest in Mexico ($161M), Croatia ($81.4M), Hungary ($49.8M), France ($40M), and Slovakia ($34.6M).

Between 2017 and 2018, the fastest growing importers of Other Leather Articles were United States ($241M), Turkey ($55.8M), Spain ($36.6M), Germany ($31.2M), and Serbia ($30.9M).

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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 Other Leather Articles.

In 2018,  market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Other Leather Articles are explained by 24 countries.

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TOP NET EXPORTER (2018): China, $399M

TOP NET IMPORTER (2018): United States, $337M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Leather Articles were China ($399M), Hungary ($258M), Italy ($257M), Croatia ($140M), and France ($120M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Leather Articles were United States ($337M), Romania ($296M), Hong Kong ($110M), Turkey ($87.1M), and Japan ($76.1M).

Trade Forecasts

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This section shows forecasts for total trade for Other Leather Articles. 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 Other Leather Articles was 11.4%.  The countries with the highest tariffs for importing Other Leather Articles were Syria (73.5%), Zimbabwe (54.7%), Bahamas (40.2%), Iran (38%), and Sudan (35%).

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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.