HS Icon Seats with metal frames, nes

940179 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Seats with metal frames, nes. In 2019, Seats with metal frames, nes were the world's 555th most traded product, with a total trade of $5.71B. Between 2018 and 2019 the exports of Seats with metal frames, nes decreased by -2.66%, from $5.86B to $5.71B. Trade in Seats with metal frames, nes represent 0.032% of total world trade.

Exports: In 2019 the top exporters of Seats with metal frames, nes  were China ($3.76B), Vietnam ($306M), Italy ($203M), Germany ($174M), and Netherlands ($120M).

Imports: In 2019 the top importers of Seats with metal frames, nes were United States ($1.85B), Germany ($484M), France ($305M), Netherlands ($242M), and United Kingdom ($218M).

Tariffs: In 2018 the average tariff for Seats with metal frames, nes was 14.7%, making it the 1257th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Seats with metal frames, nes are Cape Verde (50%), Iran (45%), Bolivia (38.5%), Zimbabwe (36.5%), and Cambodia (35%). The countries with the lowest tariffs are Armenia (0%), China (0%), Hong Kong (0%), Japan (0%), and Kazakhstan (0%).

Ranking: Seats with metal frames, nes ranks 2948th in the Product Complexity Index (PCI).

Description: Metal frames are often used in office chairs, because they are durable and can withstand a lot of pressure since they are heavy and stable. They are also used in ergonomic chairs, because they are adjustable and allow for a lot of room to move.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $3.76B

Top Destination (2019): United States, $1.85B

Seats with metal frames, nes are the world's 555th most traded product.

In 2019, the top exporters of Seats with metal frames, nes were China ($3.76B), Vietnam ($306M), Italy ($203M), Germany ($174M), and Netherlands ($120M).

In 2019, the top importers of Seats with metal frames, nes were United States ($1.85B), Germany ($484M), France ($305M), Netherlands ($242M), and United Kingdom ($218M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $60.3M

Top Destination Growth (2018 - 2019): Germany, $27.2M

Between 2018 and 2019, the exports of Seats with metal frames, nes grew the fastest in Vietnam ($60.3M), Turkey ($10.9M), Indonesia ($7.82M), Spain ($5.7M), and Denmark ($3.6M).

Between 2018 and 2019, the fastest growing importers of Seats with metal frames, nes were Germany ($27.2M), United Kingdom ($26.8M), Singapore ($13.6M), Poland ($9.18M), and Malaysia ($6.9M).

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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 Seats with metal frames, nes.

In 2019,  market concentration measured using Shannon Entropy, was 2.49. This means that most of the exports of Seats with metal frames, nes are explained by 5 countries.

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TOP NET EXPORTER (2019): China, $3.74B

TOP NET IMPORTER (2019): United States, $1.77B

This map shows which countries export or import more of Seats with metal frames, nes. Each country is colored based on the difference in exports and imports of Seats with metal frames, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Seats with metal frames, nes were China ($3.74B), Vietnam ($287M), Chinese Taipei ($101M), Italy ($68.2M), and Indonesia ($50.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Seats with metal frames, nes were United States ($1.77B), Germany ($310M), France ($244M), United Kingdom ($195M), and Canada ($178M).

Import Tariffs

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In 2018, the average tariff for importing Seats with metal frames, nes was 14.7%. The countries with the highest tariffs for importing Seats with metal frames, nes were Cape Verde (50%), Iran (45%), Bolivia (38.5%), Zimbabwe (36.5%), and Cambodia (35%).

Product Complexity

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Diversification Frontier

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Specialization

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.