Baked Goods1905 (Harmonized System 1992 for 4-digit)
2020 World Trade: $37.3B, Rnk 97 / 1217
2020 Top Exporter | Top Importer: $4.3B | $6.19B, Germany | United States
2020 Product Complexity: -0.38, Rnk 663 / 1028
2019 - 2020 Export Growth (CAGR): 0.6%, Rnk 315 / 1217
2018 Mean Tariff: 24.9%, Rnk 41 / 1259
2020 Share of World Trade: 0.22%, Rnk 97 / 1217
Overview This page contains the latest trade data of Baked Goods. In 2020, Baked Goods were the world's 97th most traded product, with a total trade of $37.3B. Between 2019 and 2020 the exports of Baked Goods grew by 0.6%, from $37.1B to $37.3B. Trade in Baked Goods represent 0.22% 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 2020 the top exporters of Baked Goods were Germany ($4.3B), Canada ($3.14B), Italy ($2.73B), France ($2.28B), and United States ($2.04B).
Imports In 2020 the top importers of Baked Goods were United States ($6.19B), United Kingdom ($2.76B), Germany ($2.69B), France ($2.27B), and Canada ($1.64B).
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 663rd 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 (2020): Germany, $4.3B
Top Destination (2020): United States, $6.19B
Baked Goods are the world's 97th most traded product.
In 2020, the top exporters of Baked Goods were Germany ($4.3B), Canada ($3.14B), Italy ($2.73B), France ($2.28B), and United States ($2.04B).
In 2020, the top importers of Baked Goods were United States ($6.19B), United Kingdom ($2.76B), Germany ($2.69B), France ($2.27B), and Canada ($1.64B).
Trade by country
Top Origin Growth (2019 - 2020): Germany, $204M
Top Destination Growth (2019 - 2020): United States, $265M
Between 2019 and 2020, the exports of Baked Goods grew the fastest in Germany ($204M), Poland ($133M), Mexico ($129M), Spain ($87.5M), and Italy ($49.8M).
Between 2019 and 2020, the fastest growing importers of Baked Goods were United States ($265M), Germany ($193M), Switzerland ($53.2M), Austria ($46.2M), and Poland ($40.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Baked Goods.
In 2020, market concentration measured using Shannon Entropy, was 5.08. This means that most of the exports of Baked Goods are explained by 33 countries.
TOP NET EXPORTER (2020): Italy, $1.86B
TOP NET IMPORTER (2020): United States, $4.15B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Baked Goods were Italy ($1.86B), Germany ($1.61B), Canada ($1.5B), Mexico ($1.24B), and Poland ($1.11B).
In 2020, the countries that had a largest trade value in imports than in exports of Baked Goods were United States ($4.15B), United Kingdom ($1.56B), Australia ($545M), Iraq ($416M), and Switzerland ($409M).
In 2020, the world most traded Baked Goods, disaggragated by their HS6 level were Communion wafers, rice paper, bakers wares... ($22.8B), Sweet biscuits, waffles and wafers ($12.8B), Rusks, toasted bread and similar toasted... ($959M), Crispbread ($503M), and Gingerbread and the like ($365M)
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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