HS Icon Wooden Tool Handles

4417 (Harmonized System 1992 for 4-digit)

World Trade (2018): $377M, Rnk 1074 / 1225

Top Exporter (2018): $102M, China

Top Importer (2018): $55.1M, United States

Export Growth (CAGR)(2017 - 2018): 9.45%, Rnk 805 / 1225

Mean Tariff (2018): 10.3%, Rnk 411 / 1259

Share of World Trade (2018): 0.0021%, Rnk 1074 / 1225

Overview:  This page contains the latest trade data of Wooden Tool Handles. In 2018, Wooden Tool Handles were the world's 1074th most traded product, with a total trade of $377M. Between 2017 and 2018 the exports of Wooden Tool Handles grew by 9.45%, from  $344M to $377M. Trade in Wooden Tool Handles represent 0.0021% of total world trade.

Exports: In 2018 the top exporters of Wooden Tool Handles  were China ($102M), Italy ($32.3M), Brazil ($28.8M), United States ($26.1M), and Germany ($17.9M).

Imports: In 2018 the top importers of Wooden Tool Handles were United States ($55.1M), Germany ($43.2M), Mexico ($26.2M), France ($23.5M), and Saudi Arabia ($18.2M).

Tariffs: In 2018 the average tariff for Wooden Tool Handles was 10.3%, been the 411 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wooden Tool Handles are Bahamas (41.8%), Cape Verde (40%), Zimbabwe (36.5%), Zambia (36.3%), and Fiji (31.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Turkey (0%), and Taiwan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $102M

Top Destination (2018): United States, $55.1M

Wooden Tool Handles are the world's 1074th most traded product.

In 2018, the top exporters of Wooden Tool Handles were China ($102M), Italy ($32.3M), Brazil ($28.8M), United States ($26.1M), and Germany ($17.9M).

In 2018, the top importers of Wooden Tool Handles were United States ($55.1M), Germany ($43.2M), Mexico ($26.2M), France ($23.5M), and Saudi Arabia ($18.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Tanzania, $12.2M

Top Destination Growth (2017 - 2018): Saudi Arabia, $14.4M

Between 2017 and 2018, the exports of Wooden Tool Handles grew the fastest in Tanzania ($12.2M), Sweden ($5.44M), Italy ($5.36M), India ($5.07M), and Netherlands ($3.13M).

Between 2017 and 2018, the fastest growing importers of Wooden Tool Handles were Saudi Arabia ($14.4M), Germany ($9.06M), Indonesia ($5.93M), Netherlands ($5.4M), and France ($3.77M).

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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 Wooden Tool Handles.

In 2018,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Wooden Tool Handles are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $99.3M

TOP NET IMPORTER (2018): United States, $29M

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

In 2018, the countries that had a largest trade value in exports than in imports of Wooden Tool Handles were China ($99.3M), Brazil ($28.4M), Italy ($24.1M), Tanzania ($11.8M), and Poland ($8.88M).

In 2018, the countries that had a largest trade value in imports than in exports of Wooden Tool Handles were United States ($29M), Germany ($25.3M), Mexico ($23.5M), France ($19M), and Saudi Arabia ($18.1M).

Trade Forecasts

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This section shows forecasts for total trade for Wooden Tool Handles. 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 Wooden Tool Handles was 10.3%.  The countries with the highest tariffs for importing Wooden Tool Handles were Bahamas (41.8%), Cape Verde (40%), Zimbabwe (36.5%), Zambia (36.3%), and Fiji (31.1%).

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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.