HS Icon Prepared Explosives

3602 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $963M, Rnk 912 / 1217

2019
Top Exporter | Top Importer
: $257M | $122M, United States | United States

2019
Product Complexity
: -1.08, Rnk 795 / 961

2018 - 2019
Export Growth (CAGR)
: -4.11%, Rnk 695 / 1217

2018
Mean Tariff
: 6.53%, Rnk 652 / 1259

 2019
Share of World Trade
: 0.0053%, Rnk 912 / 1217

Overview:  This page contains the latest trade data of Prepared Explosives. In 2019, Prepared Explosives were the world's 912th most traded product, with a total trade of $963M. Between 2018 and 2019 the exports of Prepared Explosives decreased by -4.11%, from  $1B to $963M. Trade in Prepared Explosives represent 0.0053% of total world trade.

Exports: In 2019 the top exporters of Prepared Explosives  were United States ($257M), Russia ($64.9M), Germany ($46.7M), South Africa ($46.3M), and Mexico ($41M).

Imports: In 2019 the top importers of Prepared Explosives were United States ($122M), Canada ($106M), Australia ($43.2M), Burkina Faso ($32.6M), and Norway ($30.5M).

Tariffs: In 2018 the average tariff for Prepared Explosives was 6.53%, making it the 652nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Prepared Explosives are Bahamas (40.2%), Maldives (34.2%), Angola (30%), Malaysia (25%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Kyrgyzstan (0%), and Singapore (0%).

Ranking: Prepared Explosives ranks 795th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $257M

Top Destination (2019): United States, $122M

Prepared Explosives are the world's 912th most traded product.

In 2019, the top exporters of Prepared Explosives were United States ($257M), Russia ($64.9M), Germany ($46.7M), South Africa ($46.3M), and Mexico ($41M).

In 2019, the top importers of Prepared Explosives were United States ($122M), Canada ($106M), Australia ($43.2M), Burkina Faso ($32.6M), and Norway ($30.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Costa Rica, $14.6M

Top Destination Growth (2018 - 2019): Panama, $14.3M

Between 2018 and 2019, the exports of Prepared Explosives grew the fastest in Costa Rica ($14.6M), Sweden ($7.31M), Mexico ($5.03M), Netherlands ($4.36M), and Zambia ($3.55M).

Between 2018 and 2019, the fastest growing importers of Prepared Explosives were Panama ($14.3M), Burkina Faso ($9.52M), United Arab Emirates ($7.22M), Iraq ($6.22M), and Australia ($4.42M).

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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 Prepared Explosives.

In 2019,  market concentration measured using Shannon Entropy, was 4.54. This means that most of the exports of Prepared Explosives are explained by 23 countries.

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TOP NET EXPORTER (2019): United States, $135M

TOP NET IMPORTER (2019): Canada, $94.3M

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

In 2019, the countries that had a largest trade value in exports than in imports of Prepared Explosives were United States ($135M), Russia ($63.1M), South Africa ($43.4M), Costa Rica ($29.8M), and China ($27.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Prepared Explosives were Canada ($94.3M), Australia ($38.9M), Burkina Faso ($26M), United Arab Emirates ($19.5M), and Indonesia ($18.3M).

Disaggregation

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Value

In 2019, the world most traded Prepared Explosives, disaggragated by their HS6 level were Prepared explosives, except propellent powders ($963M)

Import Tariffs

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In 2018, the average tariff for importing Prepared Explosives was 6.53%.  The countries with the highest tariffs for importing Prepared Explosives were Bahamas (40.2%), Maldives (34.2%), Angola (30%), Malaysia (25%), and Bermuda (25%).

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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.