HS Icon Whey

040410 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.06B, Rnk 989 / 4726

Top Exporter (2018): $521M, United States

Top Importer (2018): $532M, China

Product Complexity (2018): 0.47, Rnk 1747 / 4873

Export Growth (CAGR)(2017 - 2018): -8.8%, Rnk 4284 / 4726

Mean Tariff (2018): 59.3%, Rnk 11 / 6538

Share of World Trade (2018): 0.017%, Rnk 989 / 4726

Overview:  This page contains the latest trade data of Whey. In 2018, Whey were the world's 989th most traded product, with a total trade of $3.06B. Between 2017 and 2018 the exports of Whey decreased by -8.8%, from  $3.36B to $3.06B. Trade in Whey represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Whey  were United States ($521M), Germany ($466M), France ($408M), Netherlands ($279M), and Poland ($180M).

Imports: In 2018 the top importers of Whey were China ($532M), Netherlands ($425M), Germany ($184M), France ($144M), and Indonesia ($141M).

Tariffs: In 2018 the average tariff for Whey was 59.3%, been the 11 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Whey are Austria (74.2%), Cyprus (74.2%), and Canada (76.9%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Maldives (0%).

Ranking: Whey ranks 1747th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $521M

Top Destination (2018): China, $532M

Whey are the world's 989th most traded product.

In 2018, the top exporters of Whey were United States ($521M), Germany ($466M), France ($408M), Netherlands ($279M), and Poland ($180M).

In 2018, the top importers of Whey were China ($532M), Netherlands ($425M), Germany ($184M), France ($144M), and Indonesia ($141M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Austria, $10.5M

Top Destination Growth (2017 - 2018): New Zealand, $32.7M

Between 2017 and 2018, the exports of Whey grew the fastest in Austria ($10.5M), Estonia ($8.58M), Hungary ($7.63M), Thailand ($6.07M), and India ($2.67M).

Between 2017 and 2018, the fastest growing importers of Whey were New Zealand ($32.7M), Denmark ($17.8M), Australia ($9.49M), Philippines ($8.03M), and Switzerland ($5.94M).

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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 4.11. This means that most of the exports of Whey are explained by 17 countries.

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TOP NET EXPORTER (2018): United States, $483M

TOP NET IMPORTER (2018): China, $531M

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 ($483M), Germany ($282M), France ($264M), Poland ($144M), and Italy ($94.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Whey were China ($531M), Netherlands ($146M), Indonesia ($141M), Malaysia ($87.6M), and Japan ($76.8M).

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 59.3%.  The countries with the highest tariffs for importing Whey were Austria (74.2%), Cyprus (74.2%), and Canada (76.9%).

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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.