HS Icon Safes

8303 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.23B, Rnk 861 / 1225

Top Exporter (2018): $469M, China

Top Importer (2018): $362M, United States

Product Complexity (2018): 0.54, Rnk 353 / 1018

Export Growth (CAGR)(2017 - 2018): 4.98%, Rnk 973 / 1225

Mean Tariff (2018): 11.6%, Rnk 339 / 1259

Share of World Trade (2018): 0.0067%, Rnk 861 / 1225

Overview:  This page contains the latest trade data of Safes. In 2018, Safes were the world's 861st most traded product, with a total trade of $1.23B. Between 2017 and 2018 the exports of Safes grew by 4.98%, from  $1.17B to $1.23B. Trade in Safes represent 0.0067% of total world trade.

Exports: In 2018 the top exporters of Safes  were China ($469M), Mexico ($113M), Germany ($69.2M), Italy ($54.3M), and South Korea ($49.8M).

Imports: In 2018 the top importers of Safes were United States ($362M), Germany ($122M), United Kingdom ($54.8M), France ($51.2M), and Netherlands ($41.8M).

Tariffs: In 2018 the average tariff for Safes was 11.6%, been the 339 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Safes are Syria (46%), Bahamas (40.2%), Sudan (35%), Iran (30%), and Sri Lanka (30%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Safes ranks 353rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $469M

Top Destination (2018): United States, $362M

Safes are the world's 861st most traded product.

In 2018, the top exporters of Safes were China ($469M), Mexico ($113M), Germany ($69.2M), Italy ($54.3M), and South Korea ($49.8M).

In 2018, the top importers of Safes were United States ($362M), Germany ($122M), United Kingdom ($54.8M), France ($51.2M), and Netherlands ($41.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $25.4M

Top Destination Growth (2017 - 2018): India, $13.3M

Between 2017 and 2018, the exports of Safes grew the fastest in Netherlands ($25.4M), Portugal ($14.1M), Germany ($12.8M), United States ($11.6M), and Italy ($11.5M).

Between 2017 and 2018, the fastest growing importers of Safes were India ($13.3M), Germany ($12M), Hungary ($10.4M), Netherlands ($9.62M), and France ($7.48M).

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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 Safes.

In 2018,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Safes are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $452M

TOP NET IMPORTER (2018): United States, $319M

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

In 2018, the countries that had a largest trade value in exports than in imports of Safes were China ($452M), Mexico ($98.8M), South Korea ($46.3M), Poland ($32.5M), and Italy ($28.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Safes were United States ($319M), Germany ($52.9M), United Kingdom ($44.5M), Canada ($24.2M), and Japan ($22.3M).

Trade Forecasts

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This section shows forecasts for total trade for Safes. 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 Safes was 11.6%.  The countries with the highest tariffs for importing Safes were Syria (46%), Bahamas (40.2%), Sudan (35%), Iran (30%), and Sri Lanka (30%).

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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.