HS Icon Wattle tanning extract

320120 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $103M, Rnk 4067 / 4648

2019
Top Exporter | Top Importer
: $44.9M | $22.6M, South Africa | India

2019
Product Complexity
: -2.17, Rnk 4741 / 4826

2018 - 2019
Export Growth (CAGR)
: -9.31%, Rnk 3335 / 4648

2018
Mean Tariff
: 2.52%, Rnk 5970 / 6538

 2019
Share of World Trade
: 0.00057%, Rnk 4067 / 4648

Overview:  This page contains the latest trade data of Wattle tanning extract. In 2019, Wattle tanning extract were the world's 4067th most traded product, with a total trade of $103M. Between 2018 and 2019 the exports of Wattle tanning extract decreased by -9.31%, from  $114M to $103M. Trade in Wattle tanning extract represent 0.00057% of total world trade.

Exports: In 2019 the top exporters of Wattle tanning extract  were South Africa ($44.9M), Brazil ($41.6M), Zimbabwe ($2.7M), United Kingdom ($2.53M), and France ($1.75M).

Imports: In 2019 the top importers of Wattle tanning extract were India ($22.6M), China ($12.4M), Mexico ($10.3M), Italy ($7.53M), and Turkey ($5.82M).

Tariffs: In 2018 the average tariff for Wattle tanning extract was 2.52%, making it the 5970th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Wattle tanning extract are Bahamas (40.2%), Bermuda (25%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Wattle tanning extract ranks 4741st in the Product Complexity Index (PCI).

Description: The extract from the bark of the Acacia tree is used in tanning leather. It is also used to make a type of gum.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Africa, $44.9M

Top Destination (2019): India, $22.6M

Wattle tanning extract are the world's 4067th most traded product.

In 2019, the top exporters of Wattle tanning extract were South Africa ($44.9M), Brazil ($41.6M), Zimbabwe ($2.7M), United Kingdom ($2.53M), and France ($1.75M).

In 2019, the top importers of Wattle tanning extract were India ($22.6M), China ($12.4M), Mexico ($10.3M), Italy ($7.53M), and Turkey ($5.82M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): France, $1.28M

Top Destination Growth (2018 - 2019): Turkey, $2M

Between 2018 and 2019, the exports of Wattle tanning extract grew the fastest in France ($1.28M), Turkey ($738k), United States ($352k), Argentina ($300k), and United Kingdom ($218k).

Between 2018 and 2019, the fastest growing importers of Wattle tanning extract were Turkey ($2M), Canada ($587k), Philippines ($467k), Hong Kong ($367k), and Iran ($334k).

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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 Wattle tanning extract.

In 2019,  market concentration measured using Shannon Entropy, was 2.11. This means that most of the exports of Wattle tanning extract are explained by 4 countries.

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TOP NET EXPORTER (2019): South Africa, $44.9M

TOP NET IMPORTER (2019): India, $22.2M

This map shows which countries export or import more of Wattle tanning extract. Each country is colored based on the difference in exports and imports of Wattle tanning extract during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Wattle tanning extract were South Africa ($44.9M), Brazil ($41.6M), Zimbabwe ($2.7M), United Kingdom ($2.05M), and Tanzania ($1.33M).

In 2019, the countries that had a largest trade value in imports than in exports of Wattle tanning extract were India ($22.2M), China ($12.3M), Italy ($6.39M), Turkey ($4.63M), and Japan ($2.59M).

Import Tariffs

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In 2018, the average tariff for importing Wattle tanning extract was 2.52%.  The countries with the highest tariffs for importing Wattle tanning extract were Bahamas (40.2%), Bermuda (25%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%).

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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.