Overview: This page contains the latest trade data of Other Firearms. In 2019, Other Firearms were the world's 780th most traded product, with a total trade of $1.67B. Between 2018 and 2019 the exports of Other Firearms grew by 16%, from $1.44B to $1.67B. Trade in Other Firearms represent 0.0092% of total world trade.
Ranking: Other Firearms ranks 403rd in the Product Complexity Index (PCI).
Description: Firearms and similar devices which operate by the firing of an explosive charge are used for hunting, target shooting, and other recreational purposes. They can be made from a variety of materials, including steel, aluminum, wood, and plastic.
Top Destination Growth (2018 - 2019): South Korea, $416M
Between 2018 and 2019, the exports of Other Firearms grew the fastest in Lebanon ($416M), Turkey ($9.98M), Austria ($9.58M), Japan ($5.08M), and Romania ($4.2M).
This chart shows the evolution of the market concentration of exports of Other Firearms.
In 2019, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Other Firearms are explained by 13 countries.
This map shows which countries export or import more of Other Firearms. Each country is colored based on the difference in exports and imports of Other Firearms during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Other Firearms were Lebanon ($411M), Italy ($283M), Turkey ($149M), Japan ($56.4M), and Germany ($53.7M).
In 2019, the countries that had a largest trade value in imports than in exports of Other Firearms were South Korea ($418M), United States ($339M), France ($57.4M), Canada ($54.6M), and Thailand ($31.1M).
In 2018, the average tariff for importing Other Firearms was 12.3%. The countries with the highest tariffs for importing Other Firearms were Nepal (78.1%), Barbados (53%), Cape Verde (50%), Syria (46%), and Jamaica (40%).
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.