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220840 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.76BRnk 1542 / 4644
2023
Top Exporter | Top Importer $213M | $180MUnited States | United States
2023
Product Complexity -0.99Rnk 3797 / 4656
2022 - 2023
Export Growth (CAGR) -6.43%Rnk 2268 / 4644
2023
Share of World Trade 0.0078%Rnk 1542 / 4644

About

Overview This page contains the latest trade data of Rum and tafia. In 2023, Rum and tafia were the world's 1542nd most traded product, with a total trade of $1.76B. Between 2022 and 2023 the exports of Rum and tafia decreased by -6.43%, from $1.88B to $1.76B. Trade in Rum and tafia represent 0.0078% of total world trade.

Rum and tafia are a part of Hard Liquor.

Exports In 2023 the top exporters of Rum and tafia  were United States ($213M), Dominican Republic ($148M), Italy ($131M), France ($107M), and Guatemala ($97.1M).

Imports In 2023 the top importers of Rum and tafia were United States ($180M), Spain ($156M), Germany ($148M), United Kingdom ($132M), and Italy ($124M).

Ranking Rum and tafia ranks 3797th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Rum and tafia. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$213M
Top Destination (2023)United States$180M

In 2023 Rum and tafia were the world's 1542nd most traded product (out of 4,644).

In 2023, the top exporters of Rum and tafia were United States ($213M), Dominican Republic ($148M), Italy ($131M), France ($107M), and Guatemala ($97.1M).

In 2023, the top importers of Rum and tafia were United States ($180M), Spain ($156M), Germany ($148M), United Kingdom ($132M), and Italy ($124M).

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Exporters of Rum and tafia (2023)
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Importers of Rum and tafia (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Philippines$12.9M
Top Destination Growth (2022 -  2023)United Kingdom$12.7M

Between 2022 and 2023, the exports of Rum and tafia grew the fastest in Philippines ($12.9M), Panama ($5.36M), Jamaica ($4.73M), Canada ($4.57M), and Lithuania ($2.88M).

Between 2022 and 2023, the fastest growing importers of Rum and tafia were United Kingdom ($12.7M), Ukraine ($7.3M), China ($6.07M), Jamaica ($5.31M), and Slovakia ($2.98M).

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Exporters of Rum and tafia (2022 - 2023)

Importers of Rum and tafia (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rum and tafia.

In 2023, market concentration measured using Shannon Entropy, was 4.83. This means that most of the exports of Rum and tafia are explained by 28 countries.

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Value of Exports in Rum and tafia

Net Trade

TOP NET EXPORTER (2023)Dominican Republic$136M
TOP NET IMPORTER (2023)Germany$97.3M

This map shows which countries export or import more of Rum and tafia. Each country is colored based on the difference in exports and imports of Rum and tafia during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rum and tafia were Dominican Republic ($136M), Cuba ($95.3M), Guatemala ($95.2M), Venezuela ($74.7M), and Jamaica ($66.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Rum and tafia were Germany ($97.3M), United Kingdom ($87.3M), Canada ($71.5M), Spain ($65.6M), and Czechia ($48M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rum and tafia.
It is possible to select the main countries that export or import Rum and tafia in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rum and tafia by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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