HS Icon Handguns

9302 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.1B, Rnk 892 / 1225

Top Exporter (2018): $274M, Austria

Top Importer (2018): $667M, United States

Export Growth (CAGR)(2017 - 2018): 5.9%, Rnk 941 / 1225

Mean Tariff (2018): 13%, Rnk 272 / 1259

Share of World Trade (2018): 0.006%, Rnk 892 / 1225

Overview:  This page contains the latest trade data of Handguns. In 2018, Handguns were the world's 892nd most traded product, with a total trade of $1.1B. Between 2017 and 2018 the exports of Handguns grew by 5.9%, from  $1.04B to $1.1B. Trade in Handguns represent 0.006% of total world trade.

Exports: In 2018 the top exporters of Handguns  were Austria ($274M), United States ($171M), Brazil ($117M), Czechia ($106M), and Germany ($103M).

Imports: In 2018 the top importers of Handguns were United States ($667M), Thailand ($72.5M), Philippines ($56.2M), Indonesia ($43.9M), and Canada ($34.6M).

Tariffs: In 2018 the average tariff for Handguns was 13%, been the 272 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Handguns are Nepal (78.1%), Barbados (66.2%), Jamaica (50%), Belize (47.7%), and Syria (46%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), Hong Kong (0%), South Korea (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Austria, $274M

Top Destination (2018): United States, $667M

Handguns are the world's 892nd most traded product.

In 2018, the top exporters of Handguns were Austria ($274M), United States ($171M), Brazil ($117M), Czechia ($106M), and Germany ($103M).

In 2018, the top importers of Handguns were United States ($667M), Thailand ($72.5M), Philippines ($56.2M), Indonesia ($43.9M), and Canada ($34.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $44.6M

Top Destination Growth (2017 - 2018): Philippines, $49M

Between 2017 and 2018, the exports of Handguns grew the fastest in United States ($44.6M), Russia ($29.2M), Hong Kong ($23M), Czechia ($22.7M), and Italy ($10.6M).

Between 2017 and 2018, the fastest growing importers of Handguns were Philippines ($49M), Thailand ($34.8M), Indonesia ($29M), Brazil ($10.2M), and Afghanistan ($8.41M).

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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 Handguns.

In 2018,  market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Handguns are explained by 10 countries.

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TOP NET EXPORTER (2018): Austria, $268M

TOP NET IMPORTER (2018): United States, $496M

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

In 2018, the countries that had a largest trade value in exports than in imports of Handguns were Austria ($268M), Brazil ($105M), Czechia ($102M), Germany ($87.6M), and Croatia ($69.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Handguns were United States ($496M), Thailand ($72.4M), Canada ($34.4M), Philippines ($29.3M), and France ($9.03M).

Trade Forecasts

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This section shows forecasts for total trade for Handguns. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Handguns was 13%.  The countries with the highest tariffs for importing Handguns were Nepal (78.1%), Barbados (66.2%), Jamaica (50%), Belize (47.7%), and Syria (46%).

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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.