HS Icon Prepared Explosives

3602 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.01B, Rnk 906 / 1225

Top Exporter (2018): $262M, United States

Top Importer (2018): $124M, United States

Product Complexity (2018): -0.97, Rnk 811 / 1018

Export Growth (CAGR)(2017 - 2018): 30.2%, Rnk 171 / 1225

Mean Tariff (2018): 6.53%, Rnk 652 / 1259

Share of World Trade (2018): 0.0055%, Rnk 906 / 1225

Overview:  This page contains the latest trade data of Prepared Explosives. In 2018, Prepared Explosives were the world's 906th most traded product, with a total trade of $1.01B. Between 2017 and 2018 the exports of Prepared Explosives grew by 30.2%, from  $778M to $1.01B. Trade in Prepared Explosives represent 0.0055% of total world trade.

Exports: In 2018 the top exporters of Prepared Explosives  were United States ($262M), Russia ($75.1M), Germany ($57.6M), South Africa ($46.8M), and China ($39.6M).

Imports: In 2018 the top importers of Prepared Explosives were United States ($124M), Canada ($102M), Mexico ($64.5M), Australia ($38M), and Norway ($35.6M).

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 811th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $262M

Top Destination (2018): United States, $124M

Prepared Explosives are the world's 906th most traded product.

In 2018, the top exporters of Prepared Explosives were United States ($262M), Russia ($75.1M), Germany ($57.6M), South Africa ($46.8M), and China ($39.6M).

In 2018, the top importers of Prepared Explosives were United States ($124M), Canada ($102M), Mexico ($64.5M), Australia ($38M), and Norway ($35.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $86M

Top Destination Growth (2017 - 2018): Mexico, $64.5M

Between 2017 and 2018, the exports of Prepared Explosives grew the fastest in United States ($86M), Mexico ($36.5M), India ($15.5M), Philippines ($13M), and China ($11.9M).

Between 2017 and 2018, the fastest growing importers of Prepared Explosives were Mexico ($64.5M), Australia ($37.6M), Canada ($28.4M), United States ($22.4M), and Burkina Faso ($19.3M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Prepared Explosives are explained by 25 countries.

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TOP NET EXPORTER (2018): United States, $138M

TOP NET IMPORTER (2018): Canada, $89.5M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Prepared Explosives were United States ($138M), Russia ($74.1M), South Africa ($37.4M), China ($37M), and Germany ($30.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Prepared Explosives were Canada ($89.5M), Australia ($34.6M), Mexico ($26.6M), Indonesia ($24.3M), and Burkina Faso ($18.7M).

Disaggregation

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Value

In 2018, the world most traded Prepared Explosives, disaggragated by their HS6 level were Prepared explosives, except propellent powders ($1.01B)

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.