HS Icon Glaziers Putty

3214 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $8.82B, Rnk 348 / 1217

2019
Top Exporter | Top Importer
: $1.99B | $713M, Germany | Germany

2019
Product Complexity
: 0.25, Rnk 444 / 961

2018 - 2019
Export Growth (CAGR)
: -2.86%, Rnk 612 / 1217

2018
Mean Tariff
: 7.32%, Rnk 595 / 1259

 2019
Share of World Trade
: 0.049%, Rnk 348 / 1217

Overview:  This page contains the latest trade data of Glaziers Putty. In 2019, Glaziers Putty were the world's 348th most traded product, with a total trade of $8.82B. Between 2018 and 2019 the exports of Glaziers Putty decreased by -2.86%, from  $9.08B to $8.82B. Trade in Glaziers Putty represent 0.049% of total world trade.

Exports: In 2019 the top exporters of Glaziers Putty  were Germany ($1.99B), United States ($1.01B), Belgium ($704M), France ($393M), and Netherlands ($363M).

Imports: In 2019 the top importers of Glaziers Putty were Germany ($713M), United States ($457M), France ($391M), Canada ($357M), and United Kingdom ($333M).

Tariffs: In 2018 the average tariff for Glaziers Putty was 7.32%, making it the 595th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glaziers Putty are Sudan (35%), Bahamas (31.3%), Bermuda (25%), Uzbekistan (24.6%), and Bangladesh (24.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Maldives (0%).

Ranking: Glaziers Putty ranks 444th in the Product Complexity Index (PCI).

Description: Glaziers' putty is used to hold glass in place. Grafting putty is used to attach one piece of wood to another. Resin cements are a strong adhesive that can be used to fill holes and cracks in wood. Caulking compounds are usually used to seal the joints of pipes. Painters' fillings are used to fill in the small gaps between the drywall and the wall studs. Non-refractory surfacing preparations are typically used on interior walls, floors, ceilings, and other surfaces, but not on façades.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.99B

Top Destination (2019): Germany, $713M

Glaziers Putty are the world's 348th most traded product.

In 2019, the top exporters of Glaziers Putty were Germany ($1.99B), United States ($1.01B), Belgium ($704M), France ($393M), and Netherlands ($363M).

In 2019, the top importers of Glaziers Putty were Germany ($713M), United States ($457M), France ($391M), Canada ($357M), and United Kingdom ($333M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $26.9M

Top Destination Growth (2018 - 2019): United States, $32.8M

Between 2018 and 2019, the exports of Glaziers Putty grew the fastest in Turkey ($26.9M), Czechia ($18.5M), China ($15.3M), United Kingdom ($10.9M), and Japan ($8.33M).

Between 2018 and 2019, the fastest growing importers of Glaziers Putty were United States ($32.8M), Saudi Arabia ($11.2M), Iraq ($8.88M), Vietnam ($7.59M), and Indonesia ($6.62M).

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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 Glaziers Putty.

In 2019,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Glaziers Putty are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $1.28B

TOP NET IMPORTER (2019): Russia, $225M

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

In 2019, the countries that had a largest trade value in exports than in imports of Glaziers Putty were Germany ($1.28B), United States ($549M), Belgium ($486M), Japan ($211M), and South Korea ($128M).

In 2019, the countries that had a largest trade value in imports than in exports of Glaziers Putty were Russia ($225M), Canada ($201M), Mexico ($166M), Australia ($105M), and Saudi Arabia ($102M).

Disaggregation

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Value

In 2019, the world most traded Glaziers Putty, disaggragated by their HS6 level were Mastics, painters' fillings ($6.62B) and Non-refractory surfacing preparations nes ($2.21B)

Import Tariffs

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In 2018, the average tariff for importing Glaziers Putty was 7.32%.  The countries with the highest tariffs for importing Glaziers Putty were Sudan (35%), Bahamas (31.3%), Bermuda (25%), Uzbekistan (24.6%), and Bangladesh (24.5%).

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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.