HS Icon Bandages

3005 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $8.58B, Rnk 359 / 1217

2019
Top Exporter | Top Importer
: $1.81B | $1.4B, China | United States

2019
Product Complexity
: 0.58, Rnk 308 / 961

2018 - 2019
Export Growth (CAGR)
: 5.39%, Rnk 144 / 1217

2018
Mean Tariff
: 6.37%, Rnk 665 / 1259

 2019
Share of World Trade
: 0.047%, Rnk 359 / 1217

Overview:  This page contains the latest trade data of Bandages. In 2019, Bandages were the world's 359th most traded product, with a total trade of $8.58B. Between 2018 and 2019 the exports of Bandages grew by 5.39%, from  $8.14B to $8.58B. Trade in Bandages represent 0.047% of total world trade.

Exports: In 2019 the top exporters of Bandages  were China ($1.81B), United States ($835M), Germany ($825M), United Kingdom ($822M), and Belgium ($443M).

Imports: In 2019 the top importers of Bandages were United States ($1.4B), Germany ($894M), France ($547M), United Kingdom ($452M), and Netherlands ($402M).

Tariffs: In 2018 the average tariff for Bandages was 6.37%, making it the 665th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bandages are Iran (31.6%), Sri Lanka (30%), Uzbekistan (28.7%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Bandages ranks 308th in the Product Complexity Index (PCI).

Description: Wadding is a material used to absorb liquids and is often used as a dressing or padding. Gauze is a thin, woven fabric that is used to cover wounds and dressings. Bandages are pieces of cloth or paper that are used to bind wounds or injuries.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $1.81B

Top Destination (2019): United States, $1.4B

Bandages are the world's 359th most traded product.

In 2019, the top exporters of Bandages were China ($1.81B), United States ($835M), Germany ($825M), United Kingdom ($822M), and Belgium ($443M).

In 2019, the top importers of Bandages were United States ($1.4B), Germany ($894M), France ($547M), United Kingdom ($452M), and Netherlands ($402M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $140M

Top Destination Growth (2018 - 2019): United States, $250M

Between 2018 and 2019, the exports of Bandages grew the fastest in China ($140M), United Kingdom ($138M), United States ($85.9M), Malaysia ($50.8M), and Japan ($40.1M).

Between 2018 and 2019, the fastest growing importers of Bandages were United States ($250M), China ($61.5M), Mexico ($50.9M), Venezuela ($31.6M), and Germany ($18.8M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Bandages.

In 2019,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Bandages are explained by 20 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $1.55B

TOP NET IMPORTER (2019): United States, $567M

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

In 2019, the countries that had a largest trade value in exports than in imports of Bandages were China ($1.55B), United Kingdom ($371M), Czechia ($251M), Finland ($201M), and Hungary ($149M).

In 2019, the countries that had a largest trade value in imports than in exports of Bandages were United States ($567M), France ($234M), Canada ($147M), Australia ($146M), and Saudi Arabia ($109M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Bandages, disaggragated by their HS6 level were Medical dressings etc except those with... ($4.34B) and Medical dressings etc. having an adhesive... ($4.25B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Bandages was 6.37%.  The countries with the highest tariffs for importing Bandages were Iran (31.6%), Sri Lanka (30%), Uzbekistan (28.7%), Bermuda (25%), and Tunisia (20%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.