HS Icon Furniture, plastic, nes

940370 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.75B, Rnk 1076 / 4726

Top Exporter (2018): $1.21B, China

Top Importer (2018): $859M, United States

Product Complexity (2018): -0.83, Rnk 2133 / 2722

Export Growth (CAGR)(2017 - 2018): -6%, Rnk 4185 / 4726

Mean Tariff (2018): 13.8%, Rnk 1425 / 6538

Share of World Trade (2018): 0.015%, Rnk 1076 / 4726

Overview:  This page contains the latest trade data of Furniture, plastic, nes. In 2018, Furniture, plastic, nes were the world's 1076th most traded product, with a total trade of $2.75B. Between 2017 and 2018 the exports of Furniture, plastic, nes decreased by -6%, from  $2.93B to $2.75B. Trade in Furniture, plastic, nes represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Furniture, plastic, nes  were China ($1.21B), Italy ($236M), Israel ($136M), Canada ($132M), and Germany ($85.4M).

Imports: In 2018 the top importers of Furniture, plastic, nes were United States ($859M), France ($189M), Germany ($187M), United Kingdom ($120M), and Spain ($76.3M).

Tariffs: In 2018 the average tariff for Furniture, plastic, nes was 13.8%, making it the 1425th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Furniture, plastic, nes are Iran (60%), Syria (55.2%), Egypt (45%), Bolivia (38.5%), and Laos (37.9%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Furniture, plastic, nes ranks 2133rd in the Product Complexity Index (PCI).

Description: Furniture is used for people to sit, sleep, or eat at. Furniture can have many different designs and functions depending on the needs of its user. Plastic is used as a material for many different products. Plastic is durable, inexpensive, and lightweight. Plastic is used to make many different products, such as trash bags, cups, and bottles.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.21B

Top Destination (2018): United States, $859M

Furniture, plastic, nes are the world's 1076th most traded product.

In 2018, the top exporters of Furniture, plastic, nes were China ($1.21B), Italy ($236M), Israel ($136M), Canada ($132M), and Germany ($85.4M).

In 2018, the top importers of Furniture, plastic, nes were United States ($859M), France ($189M), Germany ($187M), United Kingdom ($120M), and Spain ($76.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Czechia, $71.3M

Top Destination Growth (2017 - 2018): Germany, $35.4M

Between 2017 and 2018, the exports of Furniture, plastic, nes grew the fastest in Czechia ($71.3M), Canada ($47M), Italy ($15.6M), Austria ($12.5M), and Turkey ($9.17M).

Between 2017 and 2018, the fastest growing importers of Furniture, plastic, nes were Germany ($35.4M), Hong Kong ($10.1M), India ($9.17M), Brazil ($8.5M), and Japan ($8.16M).

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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, plastic, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Furniture, plastic, nes are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $1.19B

TOP NET IMPORTER (2018): United States, $791M

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

In 2018, the countries that had a largest trade value in exports than in imports of Furniture, plastic, nes were China ($1.19B), Italy ($203M), Israel ($121M), Canada ($74.5M), and Czechia ($46.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Furniture, plastic, nes were United States ($791M), France ($147M), Germany ($101M), United Kingdom ($80.9M), and Australia ($57.3M).

Import Tariffs

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In 2018, the average tariff for importing Furniture, plastic, nes was 13.8%.  The countries with the highest tariffs for importing Furniture, plastic, nes were Iran (60%), Syria (55.2%), Egypt (45%), Bolivia (38.5%), and Laos (37.9%).

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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.