Honey0409 (Harmonized System 1992 for 4-digit)
2020 World Trade: $2.29B, Rnk 676 / 1217
2020 Top Exporter | Top Importer: $328M | $419M, New Zealand | United States
2020 Product Complexity: -0.97, Rnk 827 / 1028
2019 - 2020 Export Growth (CAGR): 14.8%, Rnk 75 / 1217
2018 Mean Tariff: 26.5%, Rnk 33 / 1259
2020 Share of World Trade: 0.014%, Rnk 676 / 1217
Overview This page contains the latest trade data of Honey. In 2020, Honey were the world's 676th most traded product, with a total trade of $2.29B. Between 2019 and 2020 the exports of Honey grew by 14.8%, from $2B to $2.29B. Trade in Honey represent 0.014% of total world trade.
Honey are a part of Edible products of animal origin, n.e.s.. They include Natural Honey.
Exports In 2020 the top exporters of Honey were New Zealand ($328M), China ($229M), Argentina ($175M), Germany ($155M), and Ukraine ($140M).
Imports In 2020 the top importers of Honey were United States ($419M), Germany ($293M), Japan ($176M), United Kingdom ($136M), and France ($123M).
Tariffs In 2018 the average tariff for Honey was 26.5%, making it the 33rd lowest tariff using the HS4 product classification.
Ranking Honey ranks 827th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Honey. 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): New Zealand, $328M
Top Destination (2020): United States, $419M
Honey are the world's 676th most traded product.
In 2020, the top exporters of Honey were New Zealand ($328M), China ($229M), Argentina ($175M), Germany ($155M), and Ukraine ($140M).
In 2020, the top importers of Honey were United States ($419M), Germany ($293M), Japan ($176M), United Kingdom ($136M), and France ($123M).
Trade by country
Top Origin Growth (2019 - 2020): New Zealand, $91.3M
Top Destination Growth (2019 - 2020): Germany, $59.3M
Between 2019 and 2020, the exports of Honey grew the fastest in New Zealand ($91.3M), Brazil ($30M), Argentina ($26.1M), Poland ($25.3M), and Spain ($22.1M).
Between 2019 and 2020, the fastest growing importers of Honey were Germany ($59.3M), Japan ($37.9M), Saudi Arabia ($28.8M), Poland ($23.5M), and United Kingdom ($16.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Honey.
In 2020, market concentration measured using Shannon Entropy, was 4.76. This means that most of the exports of Honey are explained by 27 countries.
TOP NET EXPORTER (2020): New Zealand, $328M
TOP NET IMPORTER (2020): United States, $393M
This map shows which countries export or import more of Honey. Each country is colored based on the difference in exports and imports of Honey during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Honey were New Zealand ($328M), Argentina ($175M), China ($146M), Ukraine ($140M), and Brazil ($99M).
In 2020, the countries that had a largest trade value in imports than in exports of Honey were United States ($393M), Japan ($176M), Germany ($137M), United Kingdom ($111M), and France ($93.9M).
In 2020, the world most traded Honey, disaggragated by their HS6 level were Natural Honey ($2.29B)
This visualization shows the countries that have an important ratio of their trade related to Honey. It is possible to select the main countries that export or import Honey 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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb