HS Icon Candles

3406 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.22B, Rnk 612 / 1217

2019
Top Exporter | Top Importer
: $702M | $548M, China | United States

2019
Product Complexity
: 0.23, Rnk 454 / 961

2018 - 2019
Export Growth (CAGR)
: 1.5%, Rnk 302 / 1217

2018
Mean Tariff
: 11.8%, Rnk 321 / 1259

 2019
Share of World Trade
: 0.018%, Rnk 612 / 1217

Overview:  This page contains the latest trade data of Candles. In 2019, Candles were the world's 612th most traded product, with a total trade of $3.22B. Between 2018 and 2019 the exports of Candles grew by 1.5%, from  $3.17B to $3.22B. Trade in Candles represent 0.018% of total world trade.

Exports: In 2019 the top exporters of Candles  were China ($702M), Poland ($603M), Vietnam ($304M), United States ($230M), and Netherlands ($192M).

Imports: In 2019 the top importers of Candles were United States ($548M), Germany ($429M), United Kingdom ($308M), Netherlands ($197M), and France ($139M).

Tariffs: In 2018 the average tariff for Candles was 11.8%, making it the 321st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Candles are Syria (46%), Bahamas (40.2%), Zimbabwe (36.5%), Sudan (35%), and Fiji (31.1%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Maldives (0%), Singapore (0%), and Turkey (0%).

Ranking: Candles ranks 454th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $702M

Top Destination (2019): United States, $548M

Candles are the world's 612th most traded product.

In 2019, the top exporters of Candles were China ($702M), Poland ($603M), Vietnam ($304M), United States ($230M), and Netherlands ($192M).

In 2019, the top importers of Candles were United States ($548M), Germany ($429M), United Kingdom ($308M), Netherlands ($197M), and France ($139M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $39M

Top Destination Growth (2018 - 2019): United States, $34.8M

Between 2018 and 2019, the exports of Candles grew the fastest in Vietnam ($39M), China ($28.6M), Czechia ($14.9M), Poland ($13.7M), and United Arab Emirates ($12.5M).

Between 2018 and 2019, the fastest growing importers of Candles were United States ($34.8M), Australia ($21.3M), United Kingdom ($17.3M), Saudi Arabia ($10.7M), and United Arab Emirates ($6.24M).

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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 Candles.

In 2019,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Candles are explained by 15 countries.

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TOP NET EXPORTER (2019): China, $690M

TOP NET IMPORTER (2019): United States, $317M

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

In 2019, the countries that had a largest trade value in exports than in imports of Candles were China ($690M), Poland ($545M), Vietnam ($299M), India ($57.4M), and Mexico ($28.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Candles were United States ($317M), Germany ($270M), United Kingdom ($214M), Austria ($82.9M), and France ($74.1M).

Disaggregation

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Value

In 2019, the world most traded Candles, disaggragated by their HS6 level were Candles, tapers and the like ($3.22B)

Import Tariffs

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In 2018, the average tariff for importing Candles was 11.8%.  The countries with the highest tariffs for importing Candles were Syria (46%), Bahamas (40.2%), Zimbabwe (36.5%), Sudan (35%), and Fiji (31.1%).

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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.