HS Icon Furniture, metal, nes

940320 (Harmonized System 1992 for 6-digit)

World Trade (2018): $16.9B, Rnk 162 / 4726

Top Exporter (2018): $8.86B, China

Top Importer (2018): $5.25B, United States

Product Complexity (2018): 0.36, Rnk 1160 / 2722

Export Growth (CAGR)(2017 - 2018): 10.4%, Rnk 2603 / 4726

Mean Tariff (2018): 13.2%, Rnk 1528 / 6538

Share of World Trade (2018): 0.092%, Rnk 162 / 4726

Overview:  This page contains the latest trade data of Furniture, metal, nes. In 2018, Furniture, metal, nes were the world's 162nd most traded product, with a total trade of $16.9B. Between 2017 and 2018 the exports of Furniture, metal, nes grew by 10.4%, from  $15.3B to $16.9B. Trade in Furniture, metal, nes represent 0.092% of total world trade.

Exports: In 2018 the top exporters of Furniture, metal, nes  were China ($8.86B), Germany ($1.49B), Italy ($664M), Chinese Taipei ($524M), and Canada ($469M).

Imports: In 2018 the top importers of Furniture, metal, nes were United States ($5.25B), Germany ($1.15B), France ($967M), United Kingdom ($740M), and Netherlands ($569M).

Tariffs: In 2018 the average tariff for Furniture, metal, nes was 13.2%, been the 1528 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Furniture, metal, nes are Syria (55.2%), Egypt (45%), Iran (45%), Bahamas (44.6%), and Bolivia (38.5%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Furniture, metal, nes ranks 1160th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $8.86B

Top Destination (2018): United States, $5.25B

Furniture, metal, nes are the world's 162nd most traded product.

In 2018, the top exporters of Furniture, metal, nes were China ($8.86B), Germany ($1.49B), Italy ($664M), Chinese Taipei ($524M), and Canada ($469M).

In 2018, the top importers of Furniture, metal, nes were United States ($5.25B), Germany ($1.15B), France ($967M), United Kingdom ($740M), and Netherlands ($569M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $404M

Top Destination Growth (2017 - 2018): France, $199M

Between 2017 and 2018, the exports of Furniture, metal, nes grew the fastest in China ($404M), Germany ($347M), Netherlands ($150M), Italy ($101M), and United States ($91.8M).

Between 2017 and 2018, the fastest growing importers of Furniture, metal, nes were France ($199M), Germany ($149M), Netherlands ($133M), India ($84.9M), and Italy ($75.3M).

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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 Furniture, metal, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.24. This means that most of the exports of Furniture, metal, nes are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $8.73B

TOP NET IMPORTER (2018): United States, $4.85B

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

In 2018, the countries that had a largest trade value in exports than in imports of Furniture, metal, nes were China ($8.73B), Chinese Taipei ($440M), Italy ($365M), Germany ($337M), and Vietnam ($221M).

In 2018, the countries that had a largest trade value in imports than in exports of Furniture, metal, nes were United States ($4.85B), France ($738M), United Kingdom ($499M), Japan ($472M), and Australia ($412M).

Import Tariffs

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In 2018, the average tariff for importing Furniture, metal, nes was 13.2%.  The countries with the highest tariffs for importing Furniture, metal, nes were Syria (55.2%), Egypt (45%), Iran (45%), Bahamas (44.6%), and Bolivia (38.5%).

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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.