HS Icon Arts and Antiques

XXI (Harmonized System 1992 for Section)

 2019
World Trade
: $27B, Rnk 20 / 21

2019
Top Exporter | Top Importer
: $9.25B | $6.36B, United States | United States

2019
Product Complexity
: 0.43, Rnk 8 / 21

2018 - 2019
Export Growth (CAGR)
: 0.18%, Rnk 6 / 21

2018
Mean Tariff
: 6.4%, Rnk 17 / 21

 2019
Share of World Trade
: 0.15%, Rnk 20 / 21

Overview:  This page contains the latest trade data of Arts and Antiques. In 2019, Arts and Antiques were the world's 20th most traded product, with a total trade of $27B. Between 2018 and 2019 the exports of Arts and Antiques grew by 0.18%, from  $26.9B to $27B. Trade in Arts and Antiques represent 0.15% of total world trade.

Exports: In 2019 the top exporters of Arts and Antiques  were United States ($9.25B), United Kingdom ($5.23B), France ($1.97B), Switzerland ($1.86B), and China ($1.02B).

Imports: In 2019 the top importers of Arts and Antiques were United States ($6.36B), Hong Kong ($4.07B), United Kingdom ($3.48B), Switzerland ($2.66B), and France ($1.25B).

Tariffs: In 2018 the average tariff for Arts and Antiques was 6.4%, making it the 17th lowest tariff using the Section product classification.

The countries with the highest import tariffs for Arts and Antiques are Syria (30.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), South Africa (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Arts and Antiques ranks 8th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $9.25B

Top Destination (2019): United States, $6.36B

Arts and Antiques are the world's 20th most traded product.

In 2019, the top exporters of Arts and Antiques were United States ($9.25B), United Kingdom ($5.23B), France ($1.97B), Switzerland ($1.86B), and China ($1.02B).

In 2019, the top importers of Arts and Antiques were United States ($6.36B), Hong Kong ($4.07B), United Kingdom ($3.48B), Switzerland ($2.66B), and France ($1.25B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $624M

Top Destination Growth (2018 - 2019): United Kingdom, $707M

Between 2018 and 2019, the exports of Arts and Antiques grew the fastest in Russia ($624M), China ($531M), Turkey ($210M), India ($192M), and Canada ($136M).

Between 2018 and 2019, the fastest growing importers of Arts and Antiques were United Kingdom ($707M), United Arab Emirates ($477M), Canada ($446M), China ($303M), and Hong Kong ($279M).

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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 Arts and Antiques.

In 2019,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Arts and Antiques are explained by 12 countries.

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TOP NET EXPORTER (2019): United States, $2.89B

TOP NET IMPORTER (2019): Hong Kong, $3.73B

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

In 2019, the countries that had a largest trade value in exports than in imports of Arts and Antiques were United States ($2.89B), United Kingdom ($1.75B), France ($723M), Russia ($511M), and China ($331M).

In 2019, the countries that had a largest trade value in imports than in exports of Arts and Antiques were Hong Kong ($3.73B), Switzerland ($806M), United Arab Emirates ($635M), Canada ($404M), and Belgium ($294M).

Disaggregation

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Value
Disaggregation

In 2019, the world most traded Arts and Antiques, disaggragated by their HS6 level were Paintings/drawings/pastels executed by hand ($16.7B), Original sculptures and statuary, in any... ($4.18B), Antiques older than one hundred years ($3.46B), Collections and collectors pieces ($1.49B), and Collages, similar decorative plaques ($558M)

Import Tariffs

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In 2018, the average tariff for importing Arts and Antiques was 6.4%.  The countries with the highest tariffs for importing Arts and Antiques were Syria (30.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%).

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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.