Baked Goods1905 (Harmonized System 1992 for 4-digit)
2021 World Trade: $43.5B, Rnk 100 / 1217
2021 Top Exporter | Top Importer: $4.64B | $7.47B, Germany | United States
2021 Product Complexity: -0.3, Rnk 652 / 1024
2020 - 2021 Export Growth (CAGR): 16%, Rnk 819 / 1217
2018 Mean Tariff: 24.9%, Rnk 41 / 1259
2021 Share of World Trade: 0.0021%, Rnk 100 / 1217
Overview This page contains the latest trade data of Baked Goods. In 2021, Baked Goods were the world's 100th most traded product, with a total trade of $43.5B. Between 2020 and 2021 the exports of Baked Goods grew by 16%, from $37.5B to $43.5B. Trade in Baked Goods represent 0.0021% of total world trade.
Baked Goods are a part of Preparations of cereals, flour, starch or milk. They include Communion wafers, rice paper, bakers wares nes, Sweet biscuits, waffles and wafers, Rusks, toasted bread and similar toasted products, Crispbread, and Gingerbread and the like.
Exports In 2021 the top exporters of Baked Goods were Germany ($4.64B), Canada ($3.78B), Italy ($3.42B), France ($2.77B), and Belgium ($2.35B).
Imports In 2021 the top importers of Baked Goods were United States ($7.47B), Germany ($3.12B), United Kingdom ($2.79B), France ($2.64B), and Canada ($1.72B).
Tariffs In 2018 the average tariff for Baked Goods was 24.9%, making it the 41st lowest tariff using the HS4 product classification.
Ranking Baked Goods ranks 652nd in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Baked Goods. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): Germany, $4.64B
Top Destination (2021): United States, $7.47B
Baked Goods are the world's 100th most traded product.
In 2021, the top exporters of Baked Goods were Germany ($4.64B), Canada ($3.78B), Italy ($3.42B), France ($2.77B), and Belgium ($2.35B).
In 2021, the top importers of Baked Goods were United States ($7.47B), Germany ($3.12B), United Kingdom ($2.79B), France ($2.64B), and Canada ($1.72B).
Trade by country
Top Origin Growth (2020 - 2021): Italy, $663M
Top Destination Growth (2020 - 2021): United States, $1.29B
Between 2020 and 2021, the exports of Baked Goods grew the fastest in Italy ($663M), Canada ($641M), France ($486M), Belgium ($429M), and Netherlands ($349M).
Between 2020 and 2021, the fastest growing importers of Baked Goods were United States ($1.29B), Germany ($432M), France ($367M), Belgium ($298M), and China ($236M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Baked Goods.
In 2021, market concentration measured using Shannon Entropy, was 5.1. This means that most of the exports of Baked Goods are explained by 34 countries.
TOP NET EXPORTER (2021): Italy, $2.33B
TOP NET IMPORTER (2021): United States, $5.33B
This map shows which countries export or import more of Baked Goods. Each country is colored based on the difference in exports and imports of Baked Goods during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Baked Goods were Italy ($2.33B), Canada ($2.06B), Mexico ($1.52B), Germany ($1.52B), and Poland ($1.2B).
In 2021, the countries that had a largest trade value in imports than in exports of Baked Goods were United States ($5.33B), United Kingdom ($1.61B), Australia ($624M), Switzerland ($465M), and China ($461M).
In 2021, the world most traded Baked Goods, disaggragated by their HS6 level were Communion wafers, rice paper, bakers wares... ($26.8B), Sweet biscuits, waffles and wafers ($14.6B), Rusks, toasted bread and similar toasted... ($1.08B), Crispbread ($526M), and Gingerbread and the like ($394M)
This visualization shows the countries that have an important ratio of their trade related to Baked Goods. It is possible to select the main countries that export or import Baked Goods in the world, or by continent, as well as select the measure of interest.
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.
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