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Candles, tapers and the like

3406 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.48BRnk 575 / 1217
2023
Top Exporter | Top Importer $926M | $1.09BChina | United States
2023
Product Complexity 0.3Rnk 454 / 1044
2022 - 2023
Export Growth (CAGR) -13.2%Rnk 849 / 1217
2023
Share of World Trade 0.02%Rnk 575 / 1217

About

Overview This page contains the latest trade data of Candles. In 2023, Candles were the world's 575th most traded product, with a total trade of $4.48B. Between 2022 and 2023 the exports of Candles decreased by -13.2%, from $5.16B to $4.48B. Trade in Candles represent 0.02% of total world trade.

Candles are a part of Soap, cleaners, candles, dental, modelling pastes. They include Candles, tapers and the like.

Exports In 2023 the top exporters of Candles  were China ($926M), Poland ($842M), Vietnam ($703M), United States ($244M), and Canada ($187M).

Imports In 2023 the top importers of Candles were United States ($1.09B), Germany ($508M), United Kingdom ($339M), Netherlands ($259M), and France ($171M).

Ranking Candles ranks 454th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Candles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$926M
Top Destination (2023)United States$1.09B

In 2023 Candles were the world's 575th most traded product (out of 1,217).

In 2023, the top exporters of Candles were China ($926M), Poland ($842M), Vietnam ($703M), United States ($244M), and Canada ($187M).

In 2023, the top importers of Candles were United States ($1.09B), Germany ($508M), United Kingdom ($339M), Netherlands ($259M), and France ($171M).

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Exporters of Candles (2023)
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Importers of Candles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$4.42M
Top Destination Growth (2022 -  2023)Vietnam$9.84M

Between 2022 and 2023, the exports of Candles grew the fastest in France ($4.42M), Dominican Republic ($3.06M), Tunisia ($3.03M), Zambia ($2.38M), and Slovakia ($2M).

Between 2022 and 2023, the fastest growing importers of Candles were Vietnam ($9.84M), Mexico ($9.24M), Russia ($6.08M), India ($3.75M), and Haiti ($2.89M).

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Exporters of Candles (2022 - 2023)

Importers of Candles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Candles.

In 2023, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Candles are explained by 15 countries.

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Value of Exports in Candles

Net Trade

TOP NET EXPORTER (2023)China$895M
TOP NET IMPORTER (2023)United States$847M

This map shows which countries export or import more of Candles. Each country is colored based on the difference in exports and imports of Candles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Candles were China ($895M), Poland ($752M), Vietnam ($690M), India ($79.3M), and Dominican Republic ($46.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Candles were United States ($847M), Germany ($348M), United Kingdom ($252M), Netherlands ($126M), and Austria ($104M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Candles.
It is possible to select the main countries that export or import Candles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Candles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $9.57M
TOP IMPORT POTENTIALChina+ $3.5M

Candles’s highest export potential is Germany. With an export gap of $9.57M.  Candles’s highest import potential is China with an import gap of $3.5M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Candles.

Country by Relatedness

The following visualization shows the relatedness of Candles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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