• 454 days Will The ECB Continue To Hike Rates?
  • 455 days Forbes: Aramco Remains Largest Company In The Middle East
  • 457 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 856 days Could Crypto Overtake Traditional Investment?
  • 861 days Americans Still Quitting Jobs At Record Pace
  • 863 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 866 days Is The Dollar Too Strong?
  • 866 days Big Tech Disappoints Investors on Earnings Calls
  • 867 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 869 days China Is Quietly Trying To Distance Itself From Russia
  • 869 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 873 days Crypto Investors Won Big In 2021
  • 873 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 874 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 876 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 877 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 880 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 881 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 881 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 883 days Are NFTs About To Take Over Gaming?
Could Crypto Overtake Traditional Investment?

Could Crypto Overtake Traditional Investment?

Despite recent volatility, there is…

Fake Reviews Go All The Way To The Top

Fake Reviews Go All The Way To The Top

Monitoring service Fakespot Inc found…

  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