• 2 hours $5 Million Gold Toilet Vanishes
  • 2 hours Gold On The Rise After Fed Rate Cut
  • 5 hours Oil Trader Loses $320 Million On Derivative Bets
  • 1 day S&P 500 Officially In An Earnings Recession
  • 1 day Miners Are Weathering The Trade War Storm
  • 1 day UK Credit Card Interest Rates Are Skyrocketing
  • 2 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 2 days Are Smart TVs Spying On Us?
  • 2 days Is Fossil Fuel Divestment A Waste Of Time?
  • 3 days A Russian Billionaire’s Space Quest To Save Humanity
  • 3 days Markets Take Breather As Consolidation Continues
  • 3 days Economic Woes Weigh On Copper Prices
  • 3 days World's Largest IPO At Risk Following Drone Strikes
  • 4 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 4 days What’s Behind The Silver Sell-Off?
  • 4 days The Retail Apocalypse Is Accelerating
  • 4 days The Top Tech Stocks Of The Year
  • 5 days America’s Workforce Elderly Workforce To Double By 2028
  • 5 days Toyota Tests Solar-Powered Prius
  • 6 days Why The Gold Rally Flatlined
  1. Home
  2. News
  3. Breaking News

Where Are America's Fireworks Actually Coming From?

America

For people aiming to "buy American" for Independence Day this year, it might prove difficult to obtain U.S.-manufactured fireworks.

As Statista's Niall McCarthy notes, most of the bottle rockets, roman candles and other fireworks on sale across the country trace their origin to China. Last year, China accounted for 90 percent of total U.S. fireworks imports, amounting to approximately $325 million, according to website World City.

Infographic: China Accounts For 90% Of U.S. Fireworks Imports  | Statista

You will find more infographics at Statista

Given that there are almost 14,000 fireworks displays every 4th of July, the fireworks industry is big business.

Infographic: Consumer Firework Revenue Is Exploding | Statista

(Click to enlarge)

You will find more infographics at Statista

Revenue from consumer fireworks has exploded, increasing by 232 percent over the past two decades. Over that same time, revenue from display fireworks has increased by 155 percent as well. While a fun time for many and a growing consumer industry, over 15,000 people visited the hospital due to fireworks in July alone between 2006 and 2010, according to a recent study published by the Journal of Surgical Research.

Interestingly, one man drives fireworks trade across the Pacific and his name is Ding Yan Zhong, a Chinese businessman. Also known as "Mr. Ding", his companies account for about 70 percent of the pyrotechnics entering the U.S. and on average, 72 of his containers enter the country every single day.

Even though China accounts for the bulk of the fireworks trade by far, the U.S. does rely on several other countries for imports. Israel comes second in terms of import value with nearly $10 million, a miniscule amount compared to China.

By Zerohedge.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment