HS Icon Whey

0404 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.32B, Rnk 548 / 1225

Top Exporter (2018): $645M, United States

Top Importer (2018): $589M, China

Product Complexity (2018): 0.27, Rnk 450 / 1018

Export Growth (CAGR)(2017 - 2018): -4.12%, Rnk 1134 / 1225

Mean Tariff (2018): 44.7%, Rnk 6 / 1259

Share of World Trade (2018): 0.024%, Rnk 548 / 1225

Overview:  This page contains the latest trade data of Whey. In 2018, Whey were the world's 548th most traded product, with a total trade of $4.32B. Between 2017 and 2018 the exports of Whey decreased by -4.12%, from  $4.51B to $4.32B. Trade in Whey represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Whey  were United States ($645M), Germany ($539M), France ($528M), Netherlands ($436M), and New Zealand ($383M).

Imports: In 2018 the top importers of Whey were China ($589M), Netherlands ($487M), United States ($258M), Germany ($244M), and France ($189M).

Tariffs: In 2018 the average tariff for Whey was 44.7%, been the 6 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Whey are Cyprus (66.5%), Austria (66.5%), and Canada (101%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Whey ranks 450th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $645M

Top Destination (2018): China, $589M

Whey are the world's 548th most traded product.

In 2018, the top exporters of Whey were United States ($645M), Germany ($539M), France ($528M), Netherlands ($436M), and New Zealand ($383M).

In 2018, the top importers of Whey were China ($589M), Netherlands ($487M), United States ($258M), Germany ($244M), and France ($189M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Costa Rica, $18.5M

Top Destination Growth (2017 - 2018): New Zealand, $34.5M

Between 2017 and 2018, the exports of Whey grew the fastest in Costa Rica ($18.5M), Poland ($14M), Hungary ($10.2M), Norway ($9.81M), and Thailand ($8.41M).

Between 2017 and 2018, the fastest growing importers of Whey were New Zealand ($34.5M), Denmark ($24.3M), Poland ($18.4M), Philippines ($11.2M), and Japan ($9.69M).

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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 Whey.

In 2018,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Whey are explained by 18 countries.

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TOP NET EXPORTER (2018): United States, $386M

TOP NET IMPORTER (2018): China, $588M

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

In 2018, the countries that had a largest trade value in exports than in imports of Whey were United States ($386M), France ($339M), Germany ($295M), New Zealand ($293M), and Poland ($136M).

In 2018, the countries that had a largest trade value in imports than in exports of Whey were China ($588M), Japan ($146M), Indonesia ($144M), South Korea ($114M), and Mexico ($105M).

Trade Forecasts

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This section shows forecasts for total trade for Whey. 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 Whey was 44.7%.  The countries with the highest tariffs for importing Whey were Cyprus (66.5%), Austria (66.5%), and Canada (101%).

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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.