HS Icon Perfume Plants

1211 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.33B, Rnk 603 / 1217

2019
Top Exporter | Top Importer
: $868M | $387M, China | United States

2019
Product Complexity
: -1.84, Rnk 924 / 961

2018 - 2019
Export Growth (CAGR)
: -1.32%, Rnk 495 / 1217

2018
Mean Tariff
: 5.76%, Rnk 730 / 1259

 2019
Share of World Trade
: 0.018%, Rnk 603 / 1217

Overview:  This page contains the latest trade data of Perfume Plants. In 2019, Perfume Plants were the world's 603rd most traded product, with a total trade of $3.33B. Between 2018 and 2019 the exports of Perfume Plants decreased by -1.32%, from  $3.37B to $3.33B. Trade in Perfume Plants represent 0.018% of total world trade.

Exports: In 2019 the top exporters of Perfume Plants  were China ($868M), India ($289M), United States ($185M), Germany ($184M), and Canada ($124M).

Imports: In 2019 the top importers of Perfume Plants were United States ($387M), Germany ($336M), Hong Kong ($270M), Japan ($269M), and China ($164M).

Tariffs: In 2018 the average tariff for Perfume Plants was 5.76%, making it the 730th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Perfume Plants are South Korea (184%), Tunisia (36%), Cambodia (30.1%), Turkey (29.2%), and India (24.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Perfume Plants ranks 924th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $868M

Top Destination (2019): United States, $387M

Perfume Plants are the world's 603rd most traded product.

In 2019, the top exporters of Perfume Plants were China ($868M), India ($289M), United States ($185M), Germany ($184M), and Canada ($124M).

In 2019, the top importers of Perfume Plants were United States ($387M), Germany ($336M), Hong Kong ($270M), Japan ($269M), and China ($164M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $15M

Top Destination Growth (2018 - 2019): Vietnam, $23.2M

Between 2018 and 2019, the exports of Perfume Plants grew the fastest in China ($15M), Spain ($13.9M), Albania ($11.5M), Russia ($7.4M), and Turkey ($7.38M).

Between 2018 and 2019, the fastest growing importers of Perfume Plants were Vietnam ($23.2M), South Korea ($15.1M), China ($10.4M), France ($10M), and Poland ($9.92M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Perfume Plants.

In 2019,  market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Perfume Plants are explained by 29 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $704M

TOP NET IMPORTER (2019): Japan, $266M

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

In 2019, the countries that had a largest trade value in exports than in imports of Perfume Plants were China ($704M), India ($217M), Egypt ($83.4M), Morocco ($56.1M), and Indonesia ($52.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Perfume Plants were Japan ($266M), United States ($202M), Hong Kong ($192M), Germany ($152M), and Chinese Taipei ($109M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Perfume Plants, disaggragated by their HS6 level were Other plants of a kind use... ($2.88B) and Ginseng roots ($449M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Perfume Plants was 5.76%.  The countries with the highest tariffs for importing Perfume Plants were South Korea (184%), Tunisia (36%), Cambodia (30.1%), Turkey (29.2%), and India (24.4%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.