HS Icon Tanned Sheep Hides

4105 (Harmonized System 1992 for 4-digit)

World Trade (2018): $991M, Rnk 914 / 1225

Top Exporter (2018): $145M, Italy

Top Importer (2018): $251M, Italy

Product Complexity (2018): -1.86, Rnk 988 / 1018

Export Growth (CAGR)(2017 - 2018): -1.54%, Rnk 1114 / 1225

Mean Tariff (2018): 4.86%, Rnk 843 / 1259

Share of World Trade (2018): 0.0054%, Rnk 914 / 1225

Overview:  This page contains the latest trade data of Tanned Sheep Hides. In 2018, Tanned Sheep Hides were the world's 914th most traded product, with a total trade of $991M. Between 2017 and 2018 the exports of Tanned Sheep Hides decreased by -1.54%, from  $1.01B to $991M. Trade in Tanned Sheep Hides represent 0.0054% of total world trade.

Exports: In 2018 the top exporters of Tanned Sheep Hides  were Italy ($145M), Spain ($115M), Nigeria ($113M), India ($93.3M), and France ($71.1M).

Imports: In 2018 the top importers of Tanned Sheep Hides were Italy ($251M), China ($119M), India ($75.6M), Hong Kong ($70.9M), and France ($64.4M).

Tariffs: In 2018 the average tariff for Tanned Sheep Hides was 4.86%, been the 843 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tanned Sheep Hides are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Syria (23%), and Malawi (22.6%). The countries with the lowest tariffs are Ethiopia (0%), Mauritius (0%), Hong Kong (0%), Indonesia (0%), and Singapore (0%).

Ranking: Tanned Sheep Hides ranks 988th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $145M

Top Destination (2018): Italy, $251M

Tanned Sheep Hides are the world's 914th most traded product.

In 2018, the top exporters of Tanned Sheep Hides were Italy ($145M), Spain ($115M), Nigeria ($113M), India ($93.3M), and France ($71.1M).

In 2018, the top importers of Tanned Sheep Hides were Italy ($251M), China ($119M), India ($75.6M), Hong Kong ($70.9M), and France ($64.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Nigeria, $24.8M

Top Destination Growth (2017 - 2018): Spain, $13.8M

Between 2017 and 2018, the exports of Tanned Sheep Hides grew the fastest in Nigeria ($24.8M), Ethiopia ($13.4M), United Arab Emirates ($9.33M), Portugal ($5.35M), and Saudi Arabia ($2.89M).

Between 2017 and 2018, the fastest growing importers of Tanned Sheep Hides were Spain ($13.8M), Thailand ($10.2M), Vietnam ($9.19M), Italy ($5.82M), and France ($5.6M).

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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 Tanned Sheep Hides.

In 2018,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Tanned Sheep Hides are explained by 22 countries.

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TOP NET EXPORTER (2018): Nigeria, $113M

TOP NET IMPORTER (2018): Italy, $106M

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

In 2018, the countries that had a largest trade value in exports than in imports of Tanned Sheep Hides were Nigeria ($113M), Spain ($56.9M), Ethiopia ($45.7M), Saudi Arabia ($41.3M), and Turkey ($31.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Tanned Sheep Hides were Italy ($106M), China ($91.9M), Hong Kong ($57.4M), Vietnam ($48.8M), and South Korea ($26.2M).

Trade Forecasts

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This section shows forecasts for total trade for Tanned Sheep Hides. 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 Tanned Sheep Hides was 4.86%.  The countries with the highest tariffs for importing Tanned Sheep Hides were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Syria (23%), and Malawi (22.6%).

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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.