HS Icon Artificial Vegetation

6702 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $4.35B, Rnk 540 / 1217

2019
Top Exporter | Top Importer
: $3.95B | $1.26B, China | United States

2019
Product Complexity
: 0.21, Rnk 457 / 961

2018 - 2019
Export Growth (CAGR)
: 21.8%, Rnk 29 / 1217

2018
Mean Tariff
: 16.3%, Rnk 162 / 1259

 2019
Share of World Trade
: 0.024%, Rnk 540 / 1217

Overview:  This page contains the latest trade data of Artificial Vegetation. In 2019, Artificial Vegetation were the world's 540th most traded product, with a total trade of $4.35B. Between 2018 and 2019 the exports of Artificial Vegetation grew by 21.8%, from  $3.57B to $4.35B. Trade in Artificial Vegetation represent 0.024% of total world trade.

Exports: In 2019 the top exporters of Artificial Vegetation  were China ($3.95B), Netherlands ($78.7M), Germany ($74.2M), Hong Kong ($43.7M), and United States ($24.5M).

Imports: In 2019 the top importers of Artificial Vegetation were United States ($1.26B), Netherlands ($246M), United Kingdom ($243M), Germany ($235M), and Singapore ($180M).

Tariffs: In 2018 the average tariff for Artificial Vegetation was 16.3%, making it the 162nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Vegetation are Iran (65%), Cape Verde (50%), Egypt (44.7%), Bahamas (41.3%), and Zimbabwe (36.5%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Artificial Vegetation ranks 457th in the Product Complexity Index (PCI).

Description: Artificial flowers are used to decorate homes, offices, and other buildings. They can be made from a variety of materials, including plastic, glass, metal, or fiberglass.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $3.95B

Top Destination (2019): United States, $1.26B

Artificial Vegetation are the world's 540th most traded product.

In 2019, the top exporters of Artificial Vegetation were China ($3.95B), Netherlands ($78.7M), Germany ($74.2M), Hong Kong ($43.7M), and United States ($24.5M).

In 2019, the top importers of Artificial Vegetation were United States ($1.26B), Netherlands ($246M), United Kingdom ($243M), Germany ($235M), and Singapore ($180M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $771M

Top Destination Growth (2018 - 2019): United Kingdom, $107M

Between 2018 and 2019, the exports of Artificial Vegetation grew the fastest in China ($771M), Netherlands ($8.17M), United Arab Emirates ($3.78M), Cambodia ($2.14M), and Poland ($2.14M).

Between 2018 and 2019, the fastest growing importers of Artificial Vegetation were United Kingdom ($107M), Malaysia ($101M), Singapore ($87.3M), Netherlands ($71.9M), and United States ($71.1M).

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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 Artificial Vegetation.

In 2019,  market concentration measured using Shannon Entropy, was 0.84. This means that most of the exports of Artificial Vegetation are explained by 1 countries.

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TOP NET EXPORTER (2019): China, $3.95B

TOP NET IMPORTER (2019): United States, $1.23B

This map shows which countries export or import more of Artificial Vegetation. Each country is colored based on the difference in exports and imports of Artificial Vegetation during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Artificial Vegetation were China ($3.95B), Cambodia ($3.57M), Myanmar ($786k), and Niger ($27).

In 2019, the countries that had a largest trade value in imports than in exports of Artificial Vegetation were United States ($1.23B), United Kingdom ($234M), Singapore ($179M), Malaysia ($177M), and Netherlands ($168M).

Disaggregation

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Value

In 2019, the world most traded Artificial Vegetation, disaggragated by their HS6 level were Artificial flowers foliage fruit, articles, plastic ($2.39B) and Artificial flowers foliage fruit etc except... ($1.97B)

Import Tariffs

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In 2018, the average tariff for importing Artificial Vegetation was 16.3%.  The countries with the highest tariffs for importing Artificial Vegetation were Iran (65%), Cape Verde (50%), Egypt (44.7%), Bahamas (41.3%), and Zimbabwe (36.5%).

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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.