Soups and Broths2104 (Harmonized System 1992 for 4-digit)
2021 World Trade: $3.59B, Rnk 619 / 1217
2021 Top Exporter | Top Importer: $607M | $357M, United States | United States
2021 Product Complexity: -0.52, Rnk 708 / 1024
2020 - 2021 Export Growth (CAGR): 1.89%, Rnk 1110 / 1217
2018 Mean Tariff: 26.6%, Rnk 31 / 1259
2021 Share of World Trade: 0.00017%, Rnk 619 / 1217
Overview This page contains the latest trade data of Soups and Broths. In 2021, Soups and Broths were the world's 619th most traded product, with a total trade of $3.59B. Between 2020 and 2021 the exports of Soups and Broths grew by 1.89%, from $3.53B to $3.59B. Trade in Soups and Broths represent 0.00017% of total world trade.
Soups and Broths are a part of Miscellaneous edible preparations. They include Soups and broths and preparations thereof and Homogenised composite food preparations.
Exports In 2021 the top exporters of Soups and Broths were United States ($607M), Germany ($217M), Spain ($187M), Canada ($183M), and Senegal ($150M).
Imports In 2021 the top importers of Soups and Broths were United States ($357M), Canada ($278M), Mexico ($267M), Germany ($184M), and France ($156M).
Tariffs In 2018 the average tariff for Soups and Broths was 26.6%, making it the 31st lowest tariff using the HS4 product classification.
Ranking Soups and Broths ranks 708th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Soups and Broths. 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, $607M
Top Destination (2021): United States, $357M
Soups and Broths are the world's 619th most traded product.
In 2021, the top exporters of Soups and Broths were United States ($607M), Germany ($217M), Spain ($187M), Canada ($183M), and Senegal ($150M).
In 2021, the top importers of Soups and Broths were United States ($357M), Canada ($278M), Mexico ($267M), Germany ($184M), and France ($156M).
Trade by country
Top Origin Growth (2020 - 2021): China, $41.5M
Top Destination Growth (2020 - 2021): United States, $27.5M
Between 2020 and 2021, the exports of Soups and Broths grew the fastest in China ($41.5M), Slovakia ($34.9M), Guatemala ($22.8M), New Zealand ($22.1M), and Senegal ($18.6M).
Between 2020 and 2021, the fastest growing importers of Soups and Broths were United States ($27.5M), Mexico ($25.2M), Germany ($17M), Australia ($13.1M), and France ($10.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Soups and Broths.
In 2021, market concentration measured using Shannon Entropy, was 5.06. This means that most of the exports of Soups and Broths are explained by 33 countries.
TOP NET EXPORTER (2021): United States, $250M
TOP NET IMPORTER (2021): Mexico, $203M
This map shows which countries export or import more of Soups and Broths. Each country is colored based on the difference in exports and imports of Soups and Broths during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Soups and Broths were United States ($250M), Spain ($146M), Senegal ($145M), China ($123M), and Slovakia ($89.1M).
In 2021, the countries that had a largest trade value in imports than in exports of Soups and Broths were Mexico ($203M), Hong Kong ($101M), United Kingdom ($99.9M), Canada ($95M), and Saudi Arabia ($66.2M).
In 2021, the world most traded Soups and Broths, disaggragated by their HS6 level were Soups and broths and preparations thereof ($3.03B) and Homogenised composite food preparations ($567M)
This visualization shows the countries that have an important ratio of their trade related to Soups and Broths. It is possible to select the main countries that export or import Soups and Broths 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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