HS Icon Pearl Products

7116 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.08B, Rnk 888 / 1217

2019
Top Exporter | Top Importer
: $277M | $190M, United States | United States

2019
Product Complexity
: -0.74, Rnk 717 / 961

2018 - 2019
Export Growth (CAGR)
: -0.31%, Rnk 416 / 1217

2018
Mean Tariff
: 12.1%, Rnk 310 / 1259

 2019
Share of World Trade
: 0.006%, Rnk 888 / 1217

Overview:  This page contains the latest trade data of Pearl Products. In 2019, Pearl Products were the world's 888th most traded product, with a total trade of $1.08B. Between 2018 and 2019 the exports of Pearl Products decreased by -0.31%, from  $1.08B to $1.08B. Trade in Pearl Products represent 0.006% of total world trade.

Exports: In 2019 the top exporters of Pearl Products  were United States ($277M), China ($187M), Hong Kong ($66.5M), Switzerland ($59.1M), and France ($47M).

Imports: In 2019 the top importers of Pearl Products were United States ($190M), Hong Kong ($147M), Switzerland ($91.7M), China ($78.7M), and United Kingdom ($59.4M).

Tariffs: In 2018 the average tariff for Pearl Products was 12.1%, making it the 310th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pearl Products are Barbados (53.9%), Angola (50%), Belize (44.9%), Cape Verde (40%), and Zimbabwe (36.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Taiwan (0%).

Ranking: Pearl Products ranks 717th in the Product Complexity Index (PCI).

Description: Pearls are a type of gemstone that is formed when an irritant enters the shell of a mollusk. They can be made from many different types of materials, including freshwater pearls, saltwater pearls, and cultured pearls.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $277M

Top Destination (2019): United States, $190M

Pearl Products are the world's 888th most traded product.

In 2019, the top exporters of Pearl Products were United States ($277M), China ($187M), Hong Kong ($66.5M), Switzerland ($59.1M), and France ($47M).

In 2019, the top importers of Pearl Products were United States ($190M), Hong Kong ($147M), Switzerland ($91.7M), China ($78.7M), and United Kingdom ($59.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Switzerland, $11.9M

Top Destination Growth (2018 - 2019): Spain, $10.6M

Between 2018 and 2019, the exports of Pearl Products grew the fastest in Switzerland ($11.9M), China ($11.8M), Netherlands ($7.01M), France ($6.14M), and Italy ($5.63M).

Between 2018 and 2019, the fastest growing importers of Pearl Products were Spain ($10.6M), Saint Martin ($10.2M), Slovenia ($8.79M), Saudi Arabia ($7.41M), and Mexico ($7.37M).

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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 Pearl Products.

In 2019,  market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Pearl Products are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $108M

TOP NET IMPORTER (2019): Hong Kong, $81M

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

In 2019, the countries that had a largest trade value in exports than in imports of Pearl Products were China ($108M), United States ($86.7M), Ireland ($34.5M), Thailand ($28.5M), and India ($21.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Pearl Products were Hong Kong ($81M), United Kingdom ($40.1M), Switzerland ($32.7M), Mexico ($25.6M), and Canada ($23.7M).

Disaggregation

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Value

In 2019, the world most traded Pearl Products, disaggragated by their HS6 level were Articles of precious, semi-precious, artificial stone ($948M) and Articles of natural or cultured pearls ($131M)

Import Tariffs

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In 2018, the average tariff for importing Pearl Products was 12.1%.  The countries with the highest tariffs for importing Pearl Products were Barbados (53.9%), Angola (50%), Belize (44.9%), Cape Verde (40%), and Zimbabwe (36.5%).

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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.