HS Icon Molluscs

0307 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10.9B, Rnk 306 / 1225

Top Exporter (2018): $2.58B, China

Top Importer (2018): $1.55B, Spain

Product Complexity (2018): -1.65, Rnk 961 / 1018

Export Growth (CAGR)(2017 - 2018): 2.44%, Rnk 1025 / 1225

Mean Tariff (2018): 10.5%, Rnk 401 / 1259

Share of World Trade (2018): 0.059%, Rnk 306 / 1225

Overview: In 2018, Molluscs were the world's 306th most traded product, with a total trade of $10.9B. Between 2017 and 2018 the exports of Molluscs grew by 2.44%, from  $10.6B to $10.9B. Trade in Molluscs represent 0.059% of total world trade.

Exports: In 2018 the top exporters of Molluscs  were China ($2.58B), India ($748M), Spain ($658M), Japan ($488M), and Indonesia ($434M).

Imports: In 2018 the top importers of Molluscs were Spain ($1.55B), China ($1.2B), Italy ($1.08B), Japan ($928M), and South Korea ($785M).

Tariffs: In 2018 the average tariff for Molluscs was 10.5%, been the 401 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Molluscs are Jamaica (37.7%), Turkey (36.4%), Sudan (35%), Tunisia (34.8%), and Bahamas (33.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Molluscs ranks 961st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.58B

Top Destination (2018): Spain, $1.55B

Molluscs are the world's 306th most traded product.

In 2018, the top exporters of Molluscs were China ($2.58B), India ($748M), Spain ($658M), Japan ($488M), and Indonesia ($434M).

In 2018, the top importers of Molluscs were Spain ($1.55B), China ($1.2B), Italy ($1.08B), Japan ($928M), and South Korea ($785M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Peru, $142M

Top Destination Growth (2017 - 2018): China, $257M

Between 2017 and 2018, the exports of Molluscs grew the fastest in Peru ($142M), Indonesia ($91.5M), Mexico ($76.3M), Netherlands ($71.6M), and Japan ($66.7M).

Between 2017 and 2018, the fastest growing importers of Molluscs were China ($257M), South Korea ($179M), Philippines ($91.1M), Thailand ($81.5M), and Spain ($79.6M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Molluscs.

In 2018,  market concentration measured using Shannon Entropy, was 4.7. This means that most of the exports of Molluscs are explained by 26 countries.

TOP NET EXPORTER (2018): China, $1.39B

TOP NET IMPORTER (2018): Italy, $943M

This map shows which countries export or import more of Molluscs. Each country is colored based on the difference in exports and imports of Molluscs during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Molluscs were China ($1.39B), India ($744M), Indonesia ($423M), Peru ($415M), and Argentina ($246M).

In 2018, the countries that had a largest trade value in imports than exports of Molluscs were Italy ($943M), Spain ($889M), South Korea ($637M), Hong Kong ($482M), and Japan ($440M).

Trade Forecasts

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This section shows forecasts for total trade for Molluscs. 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 Molluscs was 10.5%.  The countries with the highest tariffs for importing Molluscs were Jamaica (37.7%), Turkey (36.4%), Sudan (35%), Tunisia (34.8%), and Bahamas (33.9%).

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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.