HS Icon Beauty Products

3304 (Harmonized System 1992 for 4-digit)

World Trade (2018): $53B, Rnk 68 / 1225

Top Exporter (2018): $9.61B, France

Top Importer (2018): $6.86B, China

Product Complexity (2018): 0.29, Rnk 443 / 1018

Export Growth (CAGR)(2017 - 2018): 19%, Rnk 359 / 1225

Mean Tariff (2018): 15.4%, Rnk 182 / 1259

Share of World Trade (2018): 0.29%, Rnk 68 / 1225

Overview:  This page contains the latest trade data of Beauty Products. In 2018, Beauty Products were the world's 68th most traded product, with a total trade of $53B. Between 2017 and 2018 the exports of Beauty Products grew by 19%, from  $44.5B to $53B. Trade in Beauty Products represent 0.29% of total world trade.

Exports: In 2018 the top exporters of Beauty Products  were France ($9.61B), South Korea ($5B), United States ($4.6B), Japan ($3.95B), and Germany ($3.84B).

Imports: In 2018 the top importers of Beauty Products were China ($6.86B), Hong Kong ($5.14B), United States ($5.01B), Germany ($2.73B), and United Kingdom ($2.58B).

Tariffs: In 2018 the average tariff for Beauty Products was 15.4%, been the 182 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Beauty Products are Syria (73.5%), Iran (45%), Cambodia (35%), Sudan (35%), and Ethiopia (34.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Turkey (0%).

Ranking: Beauty Products ranks 443rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $9.61B

Top Destination (2018): China, $6.86B

Beauty Products are the world's 68th most traded product.

In 2018, the top exporters of Beauty Products were France ($9.61B), South Korea ($5B), United States ($4.6B), Japan ($3.95B), and Germany ($3.84B).

In 2018, the top importers of Beauty Products were China ($6.86B), Hong Kong ($5.14B), United States ($5.01B), Germany ($2.73B), and United Kingdom ($2.58B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $1.16B

Top Destination Growth (2017 - 2018): China, $2.25B

Between 2017 and 2018, the exports of Beauty Products grew the fastest in Japan ($1.16B), Singapore ($1.01B), South Korea ($995M), France ($916M), and United States ($609M).

Between 2017 and 2018, the fastest growing importers of Beauty Products were China ($2.25B), Hong Kong ($1.12B), South Korea ($490M), Belgium-Luxembourg ($350M), and Saudi Arabia ($312M).

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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 Beauty Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Beauty Products are explained by 21 countries.

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TOP NET EXPORTER (2018): France, $7.68B

TOP NET IMPORTER (2018): Hong Kong, $4.41B

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

In 2018, the countries that had a largest trade value in exports than in imports of Beauty Products were France ($7.68B), South Korea ($3.5B), Japan ($2.82B), Italy ($1.2B), and Germany ($1.11B).

In 2018, the countries that had a largest trade value in imports than in exports of Beauty Products were Hong Kong ($4.41B), China ($3.91B), Russia ($1.02B), Saudi Arabia ($543M), and Macau ($524M).

Trade Forecasts

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This section shows forecasts for total trade for Beauty Products. 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 Beauty Products was 15.4%.  The countries with the highest tariffs for importing Beauty Products were Syria (73.5%), Iran (45%), Cambodia (35%), Sudan (35%), and Ethiopia (34.7%).

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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.