HS Icon Herrings, salted or in brine, not dried or smoked

030561 (Harmonized System 1992 for 6-digit)

World Trade (2018): $26.9M, Rnk 4489 / 4726

Top Exporter (2018): $11.4M, Denmark

Top Importer (2018): $11.2M, Netherlands

Product Complexity (2018): 0.56, Rnk 1551 / 4873

Export Growth (CAGR)(2017 - 2018): -19.9%, Rnk 4515 / 4726

Mean Tariff (2018): 9.46%, Rnk 2415 / 6538

Share of World Trade (2018): 0.00015%, Rnk 4489 / 4726

Overview:  This page contains the latest trade data of Herrings, salted or in brine, not dried or smoked. In 2018, Herrings, salted or in brine, not dried or smoked were the world's 4489th most traded product, with a total trade of $26.9M. Between 2017 and 2018 the exports of Herrings, salted or in brine, not dried or smoked decreased by -19.9%, from  $33.6M to $26.9M. Trade in Herrings, salted or in brine, not dried or smoked represent 0.00015% of total world trade.

Exports: In 2018 the top exporters of Herrings, salted or in brine, not dried or smoked  were Denmark ($11.4M), Netherlands ($5.34M), Germany ($2.32M), Norway ($1.85M), and Lithuania ($858k).

Imports: In 2018 the top importers of Herrings, salted or in brine, not dried or smoked were Netherlands ($11.2M), Germany ($4.43M), Ukraine ($1.44M), Lithuania ($1.29M), and Israel ($1.17M).

Tariffs: In 2018 the average tariff for Herrings, salted or in brine, not dried or smoked was 9.46%, been the 2415 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Herrings, salted or in brine, not dried or smoked are Tunisia (36%), Cambodia (35%), Sudan (35%), Belize (31.9%), and Hungary (30%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Herrings, salted or in brine, not dried or smoked ranks 1551st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Denmark, $11.4M

Top Destination (2018): Netherlands, $11.2M

Herrings, salted or in brine, not dried or smoked are the world's 4489th most traded product.

In 2018, the top exporters of Herrings, salted or in brine, not dried or smoked were Denmark ($11.4M), Netherlands ($5.34M), Germany ($2.32M), Norway ($1.85M), and Lithuania ($858k).

In 2018, the top importers of Herrings, salted or in brine, not dried or smoked were Netherlands ($11.2M), Germany ($4.43M), Ukraine ($1.44M), Lithuania ($1.29M), and Israel ($1.17M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Denmark, $3.06M

Top Destination Growth (2017 - 2018): Netherlands, $5.4M

Between 2017 and 2018, the exports of Herrings, salted or in brine, not dried or smoked grew the fastest in Denmark ($3.06M), Sweden ($580k), Russia ($198k), Ireland ($144k), and Latvia ($84.3k).

Between 2017 and 2018, the fastest growing importers of Herrings, salted or in brine, not dried or smoked were Netherlands ($5.4M), Italy ($268k), Belarus ($237k), Spain ($171k), and Palestine ($154k).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Herrings, salted or in brine, not dried or smoked.

In 2018,  market concentration measured using Shannon Entropy, was 2.85. This means that most of the exports of Herrings, salted or in brine, not dried or smoked are explained by 7 countries.

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TOP NET EXPORTER (2018): Denmark, $11.4M

TOP NET IMPORTER (2018): Netherlands, $5.88M

This map shows which countries export or import more of Herrings, salted or in brine, not dried or smoked. Each country is colored based on the difference in exports and imports of Herrings, salted or in brine, not dried or smoked during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Herrings, salted or in brine, not dried or smoked were Denmark ($11.4M), Norway ($1.84M), Sweden ($569k), Canada ($444k), and Ireland ($382k).

In 2018, the countries that had a largest trade value in imports than in exports of Herrings, salted or in brine, not dried or smoked were Netherlands ($5.88M), Germany ($2.1M), Ukraine ($1.43M), Belgium-Luxembourg ($607k), and Austria ($568k).

Trade Forecasts

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This section shows forecasts for total trade for Herrings, salted or in brine, not dried or smoked. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Herrings, salted or in brine, not dried or smoked was 9.46%.  The countries with the highest tariffs for importing Herrings, salted or in brine, not dried or smoked were Tunisia (36%), Cambodia (35%), Sudan (35%), Belize (31.9%), and Hungary (30%).

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Product Complexity

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Diversification Frontier

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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.