HS Icon Parachutes, parts and accessories thereof

880400 (Harmonized System 1992 for 6-digit)

World Trade (2018): $322M, Rnk 3229 / 4726

Top Exporter (2018): $100M, United States

Top Importer (2018): $33.4M, France

Export Growth (CAGR)(2017 - 2018): 16.7%, Rnk 1688 / 4726

Mean Tariff (2018): 3.83%, Rnk 5131 / 6538

Share of World Trade (2018): 0.0018%, Rnk 3229 / 4726

Overview:  This page contains the latest trade data of Parachutes, parts and accessories thereof. In 2018, Parachutes, parts and accessories thereof were the world's 3229th most traded product, with a total trade of $322M. Between 2017 and 2018 the exports of Parachutes, parts and accessories thereof grew by 16.7%, from  $276M to $322M. Trade in Parachutes, parts and accessories thereof represent 0.0018% of total world trade.

Exports: In 2018 the top exporters of Parachutes, parts and accessories thereof  were United States ($100M), United Kingdom ($28.9M), Vietnam ($27.9M), France ($23.9M), and Germany ($19M).

Imports: In 2018 the top importers of Parachutes, parts and accessories thereof were France ($33.4M), United States ($32.1M), Germany ($29M), Switzerland ($15.9M), and United Kingdom ($15.1M).

Tariffs: In 2018 the average tariff for Parachutes, parts and accessories thereof was 3.83%, making it the 5131st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parachutes, parts and accessories thereof are Bahamas (40.2%), Syria (27.6%), Bermuda (25%), Maldives (24.5%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Ethiopia (0%), Kenya (0%), and Mauritius (0%).

Description: A parachute is a device used to slow the descent of an object through an atmosphere. A parachute can be used to lower a person to the ground, to provide drag in order to prevent an aircraft from stalling, or as a brake to help a car to slow down. Parachutes are normally used in emergency situations to save the lives of passengers.

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $100M

Top Destination (2018): France, $33.4M

Parachutes, parts and accessories thereof are the world's 3229th most traded product.

In 2018, the top exporters of Parachutes, parts and accessories thereof were United States ($100M), United Kingdom ($28.9M), Vietnam ($27.9M), France ($23.9M), and Germany ($19M).

In 2018, the top importers of Parachutes, parts and accessories thereof were France ($33.4M), United States ($32.1M), Germany ($29M), Switzerland ($15.9M), and United Kingdom ($15.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $10.7M

Top Destination Growth (2017 - 2018): Algeria, $8.17M

Between 2017 and 2018, the exports of Parachutes, parts and accessories thereof grew the fastest in France ($10.7M), United States ($9.87M), United Kingdom ($4.79M), Austria ($3.08M), and New Zealand ($3.07M).

Between 2017 and 2018, the fastest growing importers of Parachutes, parts and accessories thereof were Algeria ($8.17M), United States ($7.14M), United Arab Emirates ($5.77M), United Kingdom ($5.51M), and Germany ($5.47M).

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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 Parachutes, parts and accessories thereof.

In 2018,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Parachutes, parts and accessories thereof are explained by 16 countries.

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TOP NET EXPORTER (2018): United States, $68.4M

TOP NET IMPORTER (2018): Switzerland, $14.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Parachutes, parts and accessories thereof were United States ($68.4M), Vietnam ($27.3M), United Kingdom ($13.8M), Czechia ($10.8M), and Sri Lanka ($9.63M).

In 2018, the countries that had a largest trade value in imports than in exports of Parachutes, parts and accessories thereof were Switzerland ($14.8M), United Arab Emirates ($10.1M), Germany ($9.97M), Japan ($9.77M), and France ($9.47M).

Import Tariffs

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In 2018, the average tariff for importing Parachutes, parts and accessories thereof was 3.83%.  The countries with the highest tariffs for importing Parachutes, parts and accessories thereof were Bahamas (40.2%), Syria (27.6%), Bermuda (25%), Maldives (24.5%), and Samoa (20%).

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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.