HS Icon Beauty Products

3304 (Harmonized System 1992 for 4-digit)

World Trade (2019): $56.7B, Rnk 57 / 1217

Top Exporter (2019): $10.1B, France

Top Importer (2019): $8.71B, China

Product Complexity (2019): 0.4, Rnk 387 / 961

Export Growth (CAGR)(2018 - 2019): 5.21%, Rnk 154 / 1217

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

Share of World Trade (2019): 0.31%, Rnk 57 / 1217

Overview:  This page contains the latest trade data of Beauty Products. In 2019, Beauty Products were the world's 57th most traded product, with a total trade of $56.7B. Between 2018 and 2019 the exports of Beauty Products grew by 5.21%, from  $53.9B to $56.7B. Trade in Beauty Products represent 0.31% of total world trade.

Exports: In 2019 the top exporters of Beauty Products  were France ($10.1B), United States ($6.15B), South Korea ($5.41B), Japan ($4.49B), and Germany ($3.77B).

Imports: In 2019 the top importers of Beauty Products were China ($8.71B), Hong Kong ($4.9B), United States ($4.78B), Germany ($2.67B), and Singapore ($2.59B).

Tariffs: In 2018 the average tariff for Beauty Products was 15.4%, making it the 182nd 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 387th in the Product Complexity Index (PCI).

Description: Beauty preparations are products that are used to enhance a person's appearance. They include make-up, such as lipstick, eye shadow, and mascara, as well as skin care products, such as moisturizers, exfoliators, and toners. Sunscreen or suntan preparations are also a type of beauty preparation that is applied to the skin to protect it from the sun's harmful UV rays.

Exporters and Importers

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Trade By Country

Top Origin (2019): France, $10.1B

Top Destination (2019): China, $8.71B

Beauty Products are the world's 57th most traded product.

In 2019, the top exporters of Beauty Products were France ($10.1B), United States ($6.15B), South Korea ($5.41B), Japan ($4.49B), and Germany ($3.77B).

In 2019, the top importers of Beauty Products were China ($8.71B), Hong Kong ($4.9B), United States ($4.78B), Germany ($2.67B), and Singapore ($2.59B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Japan, $537M

Top Destination Growth (2018 - 2019): China, $1.89B

Between 2018 and 2019, the exports of Beauty Products grew the fastest in Japan ($537M), France ($428M), South Korea ($407M), Thailand ($295M), and United States ($279M).

Between 2018 and 2019, the fastest growing importers of Beauty Products were China ($1.89B), Singapore ($262M), South Korea ($247M), Czechia ($214M), and Switzerland ($131M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Beauty Products are explained by 21 countries.

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TOP NET EXPORTER (2019): France, $8.12B

TOP NET IMPORTER (2019): China, $5.62B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Beauty Products were France ($8.12B), South Korea ($3.67B), Japan ($3.23B), United States ($1.37B), and Italy ($1.19B).

In 2019, the countries that had a largest trade value in imports than in exports of Beauty Products were China ($5.62B), Hong Kong ($4.62B), Russia ($1.05B), Saudi Arabia ($650M), and Chinese Taipei ($354M).

Disaggregation

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Value

In 2019, the world most traded Beauty Products, disaggragated by their HS6 level were Beauty, makeup and suntan preparations nes ($43.7B), Eye make-up preparations ($4.79B), Lip make-up preparations ($4.33B), Powders, for skin care and make-up ($2.42B), and Manicure or pedicure preparations ($1.38B)

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.