HS Icon Raw Furskins

4301 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.45B, Rnk 682 / 1225

Top Exporter (2018): $912M, Denmark

Top Importer (2018): $463M, China

Product Complexity (2018): -0.093, Rnk 580 / 1018

Export Growth (CAGR)(2017 - 2018): -16.6%, Rnk 1200 / 1225

Mean Tariff (2018): 11.6%, Rnk 331 / 1259

Share of World Trade (2018): 0.013%, Rnk 682 / 1225

Overview:  This page contains the latest trade data of Raw Furskins. In 2018, Raw Furskins were the world's 682nd most traded product, with a total trade of $2.45B. Between 2017 and 2018 the exports of Raw Furskins decreased by -16.6%, from  $2.94B to $2.45B. Trade in Raw Furskins represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Raw Furskins  were Denmark ($912M), Finland ($377M), Canada ($311M), Poland ($232M), and United States ($152M).

Imports: In 2018 the top importers of Raw Furskins were China ($463M), Denmark ($289M), Cambodia ($277M), Canada ($215M), and Thailand ($211M).

Tariffs: In 2018 the average tariff for Raw Furskins was 11.6%, been the 331 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Furskins are Cape Verde (50%), Angola (50%), Iran (48.3%), Bahamas (40.2%), and Bermuda (35%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Raw Furskins ranks 580th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Denmark, $912M

Top Destination (2018): China, $463M

Raw Furskins are the world's 682nd most traded product.

In 2018, the top exporters of Raw Furskins were Denmark ($912M), Finland ($377M), Canada ($311M), Poland ($232M), and United States ($152M).

In 2018, the top importers of Raw Furskins were China ($463M), Denmark ($289M), Cambodia ($277M), Canada ($215M), and Thailand ($211M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $29.1M

Top Destination Growth (2017 - 2018): Thailand, $68.8M

Between 2017 and 2018, the exports of Raw Furskins grew the fastest in Canada ($29.1M), Bulgaria ($4.93M), Ukraine ($4.69M), Latvia ($3.01M), and Estonia ($2.59M).

Between 2017 and 2018, the fastest growing importers of Raw Furskins were Thailand ($68.8M), Cambodia ($16.8M), Canada ($15.7M), Malaysia ($7.83M), and Bulgaria ($7.07M).

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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 Raw Furskins.

In 2018,  market concentration measured using Shannon Entropy, was 3.13. This means that most of the exports of Raw Furskins are explained by 8 countries.

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TOP NET EXPORTER (2018): Denmark, $623M

TOP NET IMPORTER (2018): China, $459M

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

In 2018, the countries that had a largest trade value in exports than in imports of Raw Furskins were Denmark ($623M), Finland ($235M), Poland ($172M), United States ($121M), and Canada ($95.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw Furskins were China ($459M), Thailand ($211M), Hong Kong ($140M), South Korea ($105M), and Italy ($77.8M).

Trade Forecasts

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This section shows forecasts for total trade for Raw Furskins. 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 Raw Furskins was 11.6%.  The countries with the highest tariffs for importing Raw Furskins were Cape Verde (50%), Angola (50%), Iran (48.3%), Bahamas (40.2%), and Bermuda (35%).

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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.