HS Icon Raw mink furskins, whole

430110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.09B, Rnk 1293 / 4726

Top Exporter (2018): $902M, Denmark

Top Importer (2018): $357M, China

Product Complexity (2018): 0.24, Rnk 2188 / 4873

Export Growth (CAGR)(2017 - 2018): -17.6%, Rnk 4489 / 4726

Mean Tariff (2018): 11.7%, Rnk 1830 / 6538

Share of World Trade (2018): 0.011%, Rnk 1293 / 4726

Overview:  This page contains the latest trade data of Raw mink furskins, whole. In 2018, Raw mink furskins, whole were the world's 1293rd most traded product, with a total trade of $2.09B. Between 2017 and 2018 the exports of Raw mink furskins, whole decreased by -17.6%, from  $2.53B to $2.09B. Trade in Raw mink furskins, whole represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Raw mink furskins, whole  were Denmark ($902M), Canada ($282M), Poland ($229M), Finland ($182M), and United States ($133M).

Imports: In 2018 the top importers of Raw mink furskins, whole were China ($357M), Denmark ($280M), Cambodia ($274M), Canada ($206M), and Thailand ($206M).

Tariffs: In 2018 the average tariff for Raw mink furskins, whole was 11.7%, been the 1830 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Raw mink furskins, whole are Cape Verde (50%), Angola (50%), Bahamas (40.2%), Iran (40%), and Bermuda (35%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Raw mink furskins, whole ranks 2188th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Denmark, $902M

Top Destination (2018): China, $357M

Raw mink furskins, whole are the world's 1293rd most traded product.

In 2018, the top exporters of Raw mink furskins, whole were Denmark ($902M), Canada ($282M), Poland ($229M), Finland ($182M), and United States ($133M).

In 2018, the top importers of Raw mink furskins, whole were China ($357M), Denmark ($280M), Cambodia ($274M), Canada ($206M), and Thailand ($206M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $20.1M

Top Destination Growth (2017 - 2018): Thailand, $73.2M

Between 2017 and 2018, the exports of Raw mink furskins, whole grew the fastest in Canada ($20.1M), Bulgaria ($4.93M), Ukraine ($4.54M), Latvia ($3.03M), and Romania ($2.22M).

Between 2017 and 2018, the fastest growing importers of Raw mink furskins, whole were Thailand ($73.2M), Cambodia ($25.1M), Canada ($16M), Bulgaria ($7.06M), and Malaysia ($5.52M).

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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 mink furskins, whole.

In 2018,  market concentration measured using Shannon Entropy, was 2.9. This means that most of the exports of Raw mink furskins, whole are explained by 7 countries.

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TOP NET EXPORTER (2018): Denmark, $622M

TOP NET IMPORTER (2018): China, $357M

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

In 2018, the countries that had a largest trade value in exports than in imports of Raw mink furskins, whole were Denmark ($622M), Poland ($176M), United States ($116M), Netherlands ($80.6M), and Canada ($76.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw mink furskins, whole were China ($357M), Thailand ($205M), Hong Kong ($136M), South Korea ($83.6M), and Russia ($29.7M).

Trade Forecasts

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This section shows forecasts for total trade for Raw mink furskins, whole. 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 mink furskins, whole was 11.7%.  The countries with the highest tariffs for importing Raw mink furskins, whole were Cape Verde (50%), Angola (50%), Bahamas (40.2%), Iran (40%), and Bermuda (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.