Vegetable ProductsII (Harmonized System 1992 for Section)
2020 World Trade: $549B, Rnk 11 / 21
2020 Top Exporter | Top Importer: $71.7B | $72.6B, United States | China
2020 Product Complexity: -0.92, Rnk 19 / 21
2019 - 2020 Export Growth (CAGR): 5.86%, Rnk 3 / 21
2018 Mean Tariff: 15.6%, Rnk 4 / 21
2020 Share of World Trade: 3.28%, Rnk 11 / 21
Overview This page contains the latest trade data of Vegetable Products. In 2020, Vegetable Products were the world's 11th most traded product, with a total trade of $549B. Between 2019 and 2020 the exports of Vegetable Products grew by 5.86%, from $518B to $549B. Trade in Vegetable Products represent 3.28% of total world trade.
Vegetable Products include Wheat, Soybeans, Corn, Coffee, Rice, Other Nuts, Citrus, Bananas, Other Vegetables, and Other Fruits, among others.
Exports In 2020 the top exporters of Vegetable Products were United States ($71.7B), Brazil ($42.7B), Netherlands ($31.1B), China ($26.9B), and Canada ($24.5B).
Imports In 2020 the top importers of Vegetable Products were China ($72.6B), United States ($47B), Germany ($36.7B), Netherlands ($23.7B), and Japan ($17.9B).
Tariffs In 2018 the average tariff for Vegetable Products was 15.6%, making it the 4th lowest tariff using the Section product classification.
Ranking Vegetable Products ranks 19th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Vegetable Products. 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, $71.7B
Top Destination (2020): China, $72.6B
Vegetable Products are the world's 11th most traded product.
In 2020, the top exporters of Vegetable Products were United States ($71.7B), Brazil ($42.7B), Netherlands ($31.1B), China ($26.9B), and Canada ($24.5B).
In 2020, the top importers of Vegetable Products were China ($72.6B), United States ($47B), Germany ($36.7B), Netherlands ($23.7B), and Japan ($17.9B).
Trade by country
Top Origin Growth (2019 - 2020): United States, $7.6B
Top Destination Growth (2019 - 2020): China, $12.6B
Between 2019 and 2020, the exports of Vegetable Products grew the fastest in United States ($7.6B), Canada ($4.27B), Russia ($2.4B), Netherlands ($1.95B), and Brazil ($1.82B).
Between 2019 and 2020, the fastest growing importers of Vegetable Products were China ($12.6B), Germany ($2.92B), Netherlands ($2.71B), United States ($1.82B), and Pakistan ($1.49B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Vegetable Products.
In 2020, market concentration measured using Shannon Entropy, was 5.43. This means that most of the exports of Vegetable Products are explained by 43 countries.
This map shows which countries export or import more of Vegetable Products. Each country is colored based on the difference in exports and imports of Vegetable Products during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Vegetable Products were Brazil ($38.3B), United States ($24.7B), Argentina ($12.7B), Canada ($12B), and India ($11.6B).
In 2020, the countries that had a largest trade value in imports than in exports of Vegetable Products were China ($45.8B), Germany ($21.5B), Japan ($16.9B), United Kingdom ($14.1B), and Saudi Arabia ($8.63B).
This visualization shows the countries that have an important ratio of their trade related to Vegetable Products. It is possible to select the main countries that export or import Vegetable Products 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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