HS Icon Pearls

7101 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.21B, Rnk 866 / 1225

Top Exporter (2018): $304M, Japan

Top Importer (2018): $384M, Hong Kong

Product Complexity (2018): -0.52, Rnk 704 / 1018

Export Growth (CAGR)(2017 - 2018): -71.9%, Rnk 1223 / 1225

Mean Tariff (2018): 7.63%, Rnk 571 / 1259

Share of World Trade (2018): 0.0066%, Rnk 866 / 1225

Overview:  This page contains the latest trade data of Pearls. In 2018, Pearls were the world's 866th most traded product, with a total trade of $1.21B. Between 2017 and 2018 the exports of Pearls decreased by -71.9%, from  $4.3B to $1.21B. Trade in Pearls represent 0.0066% of total world trade.

Exports: In 2018 the top exporters of Pearls  were Japan ($304M), Hong Kong ($270M), Australia ($147M), French Polynesia ($112M), and Indonesia ($107M).

Imports: In 2018 the top importers of Pearls were Hong Kong ($384M), Japan ($306M), India ($219M), United States ($91.2M), and United Arab Emirates ($41.7M).

Tariffs: In 2018 the average tariff for Pearls was 7.63%, been the 571 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pearls are Angola (50%), Barbados (45.1%), Belize (44.2%), Cape Verde (40%), and Ethiopia (34.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Pearls ranks 704th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $304M

Top Destination (2018): Hong Kong, $384M

Pearls are the world's 866th most traded product.

In 2018, the top exporters of Pearls were Japan ($304M), Hong Kong ($270M), Australia ($147M), French Polynesia ($112M), and Indonesia ($107M).

In 2018, the top importers of Pearls were Hong Kong ($384M), Japan ($306M), India ($219M), United States ($91.2M), and United Arab Emirates ($41.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $228M

Top Destination Growth (2017 - 2018): Hong Kong, $307M

Between 2017 and 2018, the exports of Pearls grew the fastest in Japan ($228M), China ($44.1M), Australia ($36.5M), United States ($15.5M), and French Polynesia ($9.41M).

Between 2017 and 2018, the fastest growing importers of Pearls were Hong Kong ($307M), United States ($70.8M), Australia ($20.4M), Singapore ($3.67M), and Switzerland ($2.26M).

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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 Pearls.

In 2018,  market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Pearls are explained by 9 countries.

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TOP NET EXPORTER (2018): Australia, $120M

TOP NET IMPORTER (2018): India, $215M

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

In 2018, the countries that had a largest trade value in exports than in imports of Pearls were Australia ($120M), French Polynesia ($112M), Indonesia ($107M), China ($66.8M), and Philippines ($31.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Pearls were India ($215M), Hong Kong ($114M), United States ($61.5M), United Arab Emirates ($19.6M), and Italy ($13.5M).

Trade Forecasts

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This section shows forecasts for total trade for Pearls. 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 Pearls was 7.63%.  The countries with the highest tariffs for importing Pearls were Angola (50%), Barbados (45.1%), Belize (44.2%), Cape Verde (40%), and Ethiopia (34.7%).

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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.