Food preparations nes210690 (Harmonized System 1992 for 6-digit)
2021 World Trade: $53.5B, Rnk 51 / 4641
2021 Top Exporter | Top Importer: $6.8B | $7.05B, United States | United States
2021 Product Complexity: -0.0086, Rnk 2524 / 4648
2020 - 2021 Export Growth (CAGR): 14.2%, Rnk 3035 / 4641
2018 Mean Tariff: 15%, Rnk 1060 / 6538
2021 Share of World Trade: 0.0025%, Rnk 51 / 4641
Overview This page contains the latest trade data of Food preparations nes. In 2021, Food preparations nes were the world's 51st most traded product, with a total trade of $53.5B. Between 2020 and 2021 the exports of Food preparations nes grew by 14.2%, from $46.9B to $53.5B. Trade in Food preparations nes represent 0.0025% of total world trade.
Food preparations nes are a part of Other Edible Preparations.
Exports In 2021 the top exporters of Food preparations nes were United States ($6.8B), Singapore ($5.89B), Germany ($4.64B), Netherlands ($3.57B), and China ($2.33B).
Imports In 2021 the top importers of Food preparations nes were United States ($7.05B), China ($2.76B), Germany ($2.6B), Netherlands ($1.96B), and United Kingdom ($1.7B).
Tariffs In 2018 the average tariff for Food preparations nes was 15%, making it the 1060th lowest tariff using the HS6 product classification.
Ranking Food preparations nes ranks 2524th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Food preparations nes. 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): United States, $6.8B
Top Destination (2021): United States, $7.05B
Food preparations nes are the world's 51st most traded product.
In 2021, the top exporters of Food preparations nes were United States ($6.8B), Singapore ($5.89B), Germany ($4.64B), Netherlands ($3.57B), and China ($2.33B).
In 2021, the top importers of Food preparations nes were United States ($7.05B), China ($2.76B), Germany ($2.6B), Netherlands ($1.96B), and United Kingdom ($1.7B).
Trade by country
Top Origin Growth (2020 - 2021): United States, $871M
Top Destination Growth (2020 - 2021): United States, $785M
Between 2020 and 2021, the exports of Food preparations nes grew the fastest in United States ($871M), Singapore ($559M), Germany ($553M), New Zealand ($370M), and Poland ($370M).
Between 2020 and 2021, the fastest growing importers of Food preparations nes were United States ($785M), Netherlands ($342M), France ($286M), South Korea ($285M), and Malaysia ($248M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Food preparations nes.
In 2021, market concentration measured using Shannon Entropy, was 5.04. This means that most of the exports of Food preparations nes are explained by 32 countries.
This map shows which countries export or import more of Food preparations nes. Each country is colored based on the difference in exports and imports of Food preparations nes during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Food preparations nes were Singapore ($5.15B), Germany ($2.04B), Netherlands ($1.61B), Italy ($810M), and Poland ($716M).
In 2021, the countries that had a largest trade value in imports than in exports of Food preparations nes were Hong Kong ($1.19B), South Korea ($913M), Philippines ($849M), Australia ($828M), and Vietnam ($611M).
This visualization shows the countries that have an important ratio of their trade related to Food preparations nes. It is possible to select the main countries that export or import Food preparations nes 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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