Umbrellas6601 (Harmonized System 1992 for 4-digit)
World Trade (2018): $2.91B, Rnk 636 / 1225
Top Exporter (2018): $2.36B, China
Top Importer (2018): $509M, United States
Product Complexity (2018): -0.35, Rnk 652 / 1018
Export Growth (CAGR)(2017 - 2018): 11.3%, Rnk 706 / 1225
Mean Tariff (2018): 26.6%, Rnk 35 / 1259
Share of World Trade (2018): 0.016%, Rnk 636 / 1225
Overview: This page contains the latest trade data of Umbrellas. In 2018, Umbrellas were the world's 636th most traded product, with a total trade of $2.91B. Between 2017 and 2018 the exports of Umbrellas grew by 11.3%, from $2.61B to $2.91B. Trade in Umbrellas represent 0.016% of total world trade.
Exports: In 2018 the top exporters of Umbrellas were China ($2.36B), Germany ($76.2M), Netherlands ($62.9M), Cambodia ($38.5M), and Austria ($37.5M).
Imports: In 2018 the top importers of Umbrellas were United States ($509M), Japan ($275M), Germany ($219M), France ($139M), and South Korea ($115M).
Tariffs: In 2018 the average tariff for Umbrellas was 26.6%, been the 35 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 652nd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $2.36B
Top Destination (2018): United States, $509M
Umbrellas are the world's 636th most traded product.
In 2018, the top exporters of Umbrellas were China ($2.36B), Germany ($76.2M), Netherlands ($62.9M), Cambodia ($38.5M), and Austria ($37.5M).
In 2018, the top importers of Umbrellas were United States ($509M), Japan ($275M), Germany ($219M), France ($139M), and South Korea ($115M).
Trade by country
Top Origin Growth (2017 - 2018): China, $127M
Top Destination Growth (2017 - 2018): Philippines, $66.5M
Between 2017 and 2018, the exports of Umbrellas grew the fastest in China ($127M), Netherlands ($36.3M), Germany ($23.1M), Austria ($21.6M), and Belgium-Luxembourg ($12.5M).
Between 2017 and 2018, the fastest growing importers of Umbrellas were Philippines ($66.5M), Germany ($31M), France ($27.9M), South Korea ($23.6M), and Indonesia ($22.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Umbrellas.
In 2018, market concentration measured using Shannon Entropy, was 1.6. This means that most of the exports of Umbrellas are explained by 3 countries.
TOP NET EXPORTER (2018): China, $2.35B
TOP NET IMPORTER (2018): United States, $490M
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Umbrellas were China ($2.35B), Cambodia ($38.1M), Bosnia and Herzegovina ($8.19M), Croatia ($1.46M), and Latvia ($484k).
In 2018, the countries that had a largest trade value in imports than in exports of Umbrellas were United States ($490M), Japan ($271M), Germany ($143M), France ($118M), and South Korea ($114M).
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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