Overview:  This page contains the latest trade data of Paintings. In 2019, Paintings were the world's 213th most traded product, with a total trade of $17.2B. Between 2018 and 2019 the exports of Paintings decreased by -4.57%, from $18.1B to $17.2B. Trade in Paintings represent 0.095% of total world trade.

Exports: In 2019 the top exporters of Paintings  were United States ($6.55B), United Kingdom ($2.91B), France ($1.27B), Switzerland ($1.17B), and Russia ($668M).

Imports: In 2019 the top importers of Paintings were United States ($3.44B), Hong Kong ($2.86B), United Kingdom ($2.47B), Switzerland ($1.65B), and Germany ($801M).

Tariffs: In 2018 the average tariff for Paintings was 7.12%, making it the 612th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Paintings are Zimbabwe (36.5%), Syria (32.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Algeria (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Armenia (0%).

Ranking: Paintings ranks 310th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $6.55B

Top Destination (2019): United States, $3.44B

Paintings are the world's 213th most traded product.

In 2019, the top exporters of Paintings were United States ($6.55B), United Kingdom ($2.91B), France ($1.27B), Switzerland ($1.17B), and Russia ($668M).

In 2019, the top importers of Paintings were United States ($3.44B), Hong Kong ($2.86B), United Kingdom ($2.47B), Switzerland ($1.65B), and Germany ($801M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $629M

Top Destination Growth (2018 - 2019): United Kingdom, $682M

Between 2018 and 2019, the exports of Paintings grew the fastest in Russia ($629M), China ($353M), Canada ($140M), United Arab Emirates ($136M), and India ($94.2M).

Between 2018 and 2019, the fastest growing importers of Paintings were United Kingdom ($682M), United Arab Emirates ($421M), Canada ($359M), Greece ($129M), and Belgium ($116M).

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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 Paintings.

In 2019,  market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Paintings are explained by 10 countries.

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TOP NET EXPORTER (2019): United States, $3.11B

TOP NET IMPORTER (2019): Hong Kong, $2.6B

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

In 2019, the countries that had a largest trade value in exports than in imports of Paintings were United States ($3.11B), Russia ($533M), France ($489M), United Kingdom ($441M), and China ($258M).

In 2019, the countries that had a largest trade value in imports than in exports of Paintings were Hong Kong ($2.6B), United Arab Emirates ($518M), Switzerland ($478M), Canada ($292M), and Germany ($279M).

Disaggregation

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Value

In 2019, the world most traded Paintings, disaggragated by their HS6 level were Paintings/drawings/pastels executed by hand ($16.7B) and Collages, similar decorative plaques ($558M)

Import Tariffs

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In 2018, the average tariff for importing Paintings was 7.12%. The countries with the highest tariffs for importing Paintings were Zimbabwe (36.5%), Syria (32.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Paintings to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.