HS Icon Cheese

0406 (Harmonized System 1992 for 4-digit)

World Trade (2018): $31.9B, Rnk 118 / 1225

Top Exporter (2018): $4.58B, Germany

Top Importer (2018): $4.38B, Germany

Product Complexity (2018): -0.14, Rnk 590 / 1018

Export Growth (CAGR)(2017 - 2018): 7.62%, Rnk 875 / 1225

Mean Tariff (2018): 27.4%, Rnk 31 / 1259

Share of World Trade (2018): 0.17%, Rnk 118 / 1225

Overview: In 2018, Cheese were the world's 118th most traded product, with a total trade of $31.9B. Between 2017 and 2018 the exports of Cheese grew by 7.62%, from  $29.6B to $31.9B. Trade in Cheese represent 0.17% of total world trade.

Exports: In 2018 the top exporters of Cheese  were Germany ($4.58B), Netherlands ($3.88B), France ($3.68B), Italy ($3.34B), and Denmark ($1.73B).

Imports: In 2018 the top importers of Cheese were Germany ($4.38B), United Kingdom ($2.26B), Italy ($2.1B), France ($1.95B), and Belgium-Luxembourg ($1.75B).

Tariffs: In 2018 the average tariff for Cheese was 27.4%, been the 31 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cheese are Canada (176%), Iceland (139%), Norway (128%), Turkey (127%), and Cyprus (77.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Cheese ranks 590th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $4.58B

Top Destination (2018): Germany, $4.38B

Cheese are the world's 118th most traded product.

In 2018, the top exporters of Cheese were Germany ($4.58B), Netherlands ($3.88B), France ($3.68B), Italy ($3.34B), and Denmark ($1.73B).

In 2018, the top importers of Cheese were Germany ($4.38B), United Kingdom ($2.26B), Italy ($2.1B), France ($1.95B), and Belgium-Luxembourg ($1.75B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $439M

Top Destination Growth (2017 - 2018): United Kingdom, $225M

Between 2017 and 2018, the exports of Cheese grew the fastest in Italy ($439M), Germany ($275M), Saudi Arabia ($190M), France ($182M), and Belgium-Luxembourg ($180M).

Between 2017 and 2018, the fastest growing importers of Cheese were United Kingdom ($225M), France ($221M), Italy ($140M), Japan ($122M), and Germany ($121M).

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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 Cheese.

In 2018,  market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Cheese are explained by 21 countries.

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TOP NET EXPORTER (2018): Netherlands, $2.47B

TOP NET IMPORTER (2018): United Kingdom, $1.36B

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

In 2018, the countries that had a largest trade value in exports than in imports of Cheese were Netherlands ($2.47B), France ($1.73B), Denmark ($1.32B), New Zealand ($1.28B), and Italy ($1.23B).

In 2018, the countries that had a largest trade value in imports than in exports of Cheese were United Kingdom ($1.36B), Japan ($1.27B), Russia ($881M), Spain ($707M), and Sweden ($621M).

Trade Forecasts

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This section shows forecasts for total trade for Cheese. 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 Cheese was 27.4%.  The countries with the highest tariffs for importing Cheese were Canada (176%), Iceland (139%), Norway (128%), Turkey (127%), and Cyprus (77.7%).

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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.