FoodstuffsIV (Harmonized System 1992 for Section)
2020 World Trade: $620B, Rnk 10 / 21
2020 Top Exporter | Top Importer: $44.7B | $74.4B, United States | United States
2020 Product Complexity: -0.6, Rnk 16 / 21
2019 - 2020 Export Growth (CAGR): 0.25%, Rnk 5 / 21
2018 Mean Tariff: 1.65k%, Rnk 1 / 21
2020 Share of World Trade: 3.7%, Rnk 10 / 21
Overview This page contains the latest trade data of Foodstuffs. In 2020, Foodstuffs were the world's 10th most traded product, with a total trade of $620B. Between 2019 and 2020 the exports of Foodstuffs grew by 0.25%, from $618B to $620B. Trade in Foodstuffs represent 3.7% of total world trade.
Foodstuffs include Wine, Other Edible Preparations, Raw Sugar, Hard Liquor, Baked Goods, Rolled Tobacco, Soybean Meal, Animal Food, Chocolate, and Malt Extract, among others.
Exports In 2020 the top exporters of Foodstuffs were United States ($44.7B), Germany ($44B), Netherlands ($38.7B), France ($36.5B), and Italy ($32.3B).
Imports In 2020 the top importers of Foodstuffs were United States ($74.4B), Germany ($40B), United Kingdom ($33.6B), France ($27.3B), and Netherlands ($26.8B).
Tariffs In 2018 the average tariff for Foodstuffs was 1.65k%, making it the 1st lowest tariff using the Section product classification.
The countries with the highest import tariffs for Foodstuffs are Cook Islands (1.54M%), Fiji (1.07M%), Nauru (699k%), Solomon Islands (612k%), and Cayman Islands (505k%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0.36%), and Australia (1.42%).
Ranking Foodstuffs ranks 16th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Foodstuffs. 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): United States, $44.7B
Top Destination (2020): United States, $74.4B
Foodstuffs are the world's 10th most traded product.
In 2020, the top exporters of Foodstuffs were United States ($44.7B), Germany ($44B), Netherlands ($38.7B), France ($36.5B), and Italy ($32.3B).
In 2020, the top importers of Foodstuffs were United States ($74.4B), Germany ($40B), United Kingdom ($33.6B), France ($27.3B), and Netherlands ($26.8B).
Trade by country
Top Origin Growth (2019 - 2020): Brazil, $2.47B
Top Destination Growth (2019 - 2020): United States, $2.9B
Between 2019 and 2020, the exports of Foodstuffs grew the fastest in Brazil ($2.47B), Poland ($1.99B), Italy ($1.57B), Netherlands ($970M), and Spain ($882M).
Between 2019 and 2020, the fastest growing importers of Foodstuffs were United States ($2.9B), Germany ($1.81B), China ($1.77B), Poland ($1B), and United Kingdom ($937M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Foodstuffs.
In 2020, market concentration measured using Shannon Entropy, was 5.54. This means that most of the exports of Foodstuffs are explained by 46 countries.
TOP NET EXPORTER (2020): Brazil, $20B
TOP NET IMPORTER (2020): United States, $29.7B
This map shows which countries export or import more of Foodstuffs. Each country is colored based on the difference in exports and imports of Foodstuffs during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Foodstuffs were Brazil ($20B), Italy ($16.9B), Thailand ($13.8B), Netherlands ($12B), and Argentina ($10.7B).
In 2020, the countries that had a largest trade value in imports than in exports of Foodstuffs were United States ($29.7B), Japan ($18B), United Kingdom ($15.3B), Hong Kong ($7.93B), and Saudi Arabia ($5.26B).
In 2019, the world most traded Foodstuffs, disaggragated by their HS6 level were Food preparations nes ($46.7B), Soya-bean oil-cake and other solid residues ($24.6B), Grape wines nes, fortified wine or... ($23.8B), Communion wafers, rice paper, bakers wares... ($22.8B), and Cigarettes containing tobacco ($20.8B)
This visualization shows the countries that have an important ratio of their trade related to Foodstuffs. It is possible to select the main countries that export or import Foodstuffs in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Foodstuffs was 1.65k%. The countries with the highest tariffs for importing Foodstuffs were Cook Islands (1.54M%), Fiji (1.07M%), Nauru (699k%), Solomon Islands (612k%), and Cayman Islands (505k%).
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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