HS Icon Sponges, natural, of animal origin

0509 (Harmonized System 1992 for 4-digit)

World Trade (2017): $10.5k, Rnk 1224 / 1232

Top Exporter (2017): $4.37k, China

Top Importer (2017): $7.71k, Timor-Leste

Mean Tariff (2018): 3.84%, Rnk 1030 / 1259

Share of World Trade (2017): <0.01%, Rnk 1224 / 1232

Exports: In 2017 the top exporters of Sponges, natural, of animal origin  were China ($4.37k), Indonesia ($3.33k), United States ($1.48k), and United Kingdom ($1.34k).

Imports: In 2017 the top importers of Sponges, natural, of animal origin were Timor-Leste ($7.71k) and Barbados ($2.82k).

Tariffs: In 2018 the average tariff for Sponges, natural, of animal origin was 3.84%, been the 1030 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sponges, natural, of animal origin are Latvia (15%), Hungary (9.8%), Slovenia (4.85%), Romania (4.72%), and Lithuania (4.6%).

Exporters and Importers

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Trade By Country

Top Origin (2017): China, $4.37k

Top Destination (2017): Timor-Leste, $7.71k

Sponges, natural, of animal origin are the world's 1224th most traded product.

In 2017, the top exporters of Sponges, natural, of animal origin were China ($4.37k), Indonesia ($3.33k), United States ($1.48k), and United Kingdom ($1.34k).

In 2017, the top importers of Sponges, natural, of animal origin were Timor-Leste ($7.71k) and Barbados ($2.82k).

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Market Dynamics

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Trade by country

Value

Top Origin Decrease (2016 -  2017): China, -$4.37k

Top Destination Decrease (2016 -  2017): Timor-Leste, -$7.71k

Between 2016 and 2017, the fastest declining exporters of Sponges, natural, of animal origin were China (-$4.37k), Indonesia (-$3.33k), United States (-$1.48k), and United Kingdom (-$1.34k).

Between 2016 and 2017, the fastest declining importers of Sponges, natural, of animal origin were Timor-Leste (-$7.71k) and Barbados (-$2.82k).

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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 Sponges, natural, of animal origin.

In 2017,  market concentration measured using Shannon Entropy, was 1.83. This means that most of the exports of Sponges, natural, of animal origin are explained by 3 countries.

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TOP NET EXPORTER (2017): China, $4.37k

TOP NET IMPORTER (2017): Timor-Leste, $7.71k

This map shows which countries export or import more of Sponges, natural, of animal origin. Each country is colored based on the difference in exports and imports of Sponges, natural, of animal origin during 2017.

In 2017, the countries that had a largest trade value in exports than in imports of Sponges, natural, of animal origin were China ($4.37k), Indonesia ($3.33k), United States ($1.48k), and United Kingdom ($1.34k).

In 2017, the countries that had a largest trade value in imports than in exports of Sponges, natural, of animal origin were Timor-Leste ($7.71k) and Barbados ($2.82k).

Trade Forecasts

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This section shows forecasts for total trade for Sponges, natural, of animal origin. 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 Sponges, natural, of animal origin was 3.84%.  The countries with the highest tariffs for importing Sponges, natural, of animal origin were Latvia (15%), Hungary (9.8%), Slovenia (4.85%), Romania (4.72%), and Lithuania (4.6%).

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