Umbrellas6601 (Harmonized System 1992 for 4-digit)
2019 World Trade: $2.97B, Rnk 635 / 1217
2019 Top Exporter | Top Importer: $2.4B | $515M, China | United States
2019 Product Complexity: -0.033, Rnk 536 / 961
2018 - 2019 Export Growth (CAGR): 1.74%, Rnk 285 / 1217
2018 Mean Tariff: 26.6%, Rnk 35 / 1259
2019 Share of World Trade: 0.016%, Rnk 635 / 1217
Overview: This page contains the latest trade data of Umbrellas. In 2019, Umbrellas were the world's 635th most traded product, with a total trade of $2.97B. Between 2018 and 2019 the exports of Umbrellas grew by 1.74%, from $2.92B to $2.97B. Trade in Umbrellas represent 0.016% of total world trade.
Exports: In 2019 the top exporters of Umbrellas were China ($2.4B), Germany ($74.9M), Netherlands ($59.1M), Cambodia ($50.4M), and Austria ($42.6M).
Imports: In 2019 the top importers of Umbrellas were United States ($515M), Japan ($262M), Germany ($231M), France ($134M), and South Korea ($124M).
Tariffs: In 2018 the average tariff for Umbrellas was 26.6%, making it the 35th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Umbrellas are Austria (298%), Iran (70%), Syria (46%), Bahamas (41.3%), and Zimbabwe (36.5%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and United States (2.17%).
Ranking: Umbrellas ranks 536th in the Product Complexity Index (PCI).
Description: Umbrellas are used to protect people from the sun. Umbrellas can be made of a variety of materials, including polyester, nylon, and polyethylene.
Trade By Country
Top Origin (2019): China, $2.4B
Top Destination (2019): United States, $515M
Umbrellas are the world's 635th most traded product.
In 2019, the top exporters of Umbrellas were China ($2.4B), Germany ($74.9M), Netherlands ($59.1M), Cambodia ($50.4M), and Austria ($42.6M).
In 2019, the top importers of Umbrellas were United States ($515M), Japan ($262M), Germany ($231M), France ($134M), and South Korea ($124M).
Trade by country
Top Origin Growth (2018 - 2019): China, $52.3M
Top Destination Growth (2018 - 2019): United Kingdom, $14.5M
Between 2018 and 2019, the exports of Umbrellas grew the fastest in China ($52.3M), Austria ($5.27M), Cambodia ($2.83M), United States ($2.51M), and Croatia ($2.33M).
Between 2018 and 2019, the fastest growing importers of Umbrellas were United Kingdom ($14.5M), Philippines ($12.5M), Germany ($12.5M), Vietnam ($12.4M), and Brazil ($10.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Umbrellas.
In 2019, market concentration measured using Shannon Entropy, was 1.62. This means that most of the exports of Umbrellas are explained by 3 countries.
TOP NET EXPORTER (2019): China, $2.39B
TOP NET IMPORTER (2019): United States, $488M
This map shows which countries export or import more of Umbrellas. Each country is colored based on the difference in exports and imports of Umbrellas during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Umbrellas were China ($2.39B), Cambodia ($49M), Bosnia and Herzegovina ($5.93M), Croatia ($4.55M), and Austria ($1.19M).
In 2019, the countries that had a largest trade value in imports than in exports of Umbrellas were United States ($488M), Japan ($259M), Germany ($156M), South Korea ($123M), and France ($117M).
In 2019, the world most traded Umbrellas, disaggragated by their HS6 level were Garden and similar umbrellas ($1.1B), Umbrellas nes, not with telescopic shaft ($970M), and Umbrellas nes, having a telescopic shaft ($900M)
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.
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