HS Icon Coconut and Other Vegetable Fibers

5305 (Harmonized System 1992 for 4-digit)

World Trade (2018): $568M, Rnk 1013 / 1225

Top Exporter (2018): $223M, India

Top Importer (2018): $215M, China

Product Complexity (2018): -1.56, Rnk 947 / 1018

Export Growth (CAGR)(2017 - 2018): 0.66%, Rnk 1071 / 1225

Mean Tariff (2018): 2.94%, Rnk 1148 / 1259

Share of World Trade (2018): 0.0031%, Rnk 1013 / 1225

Overview:  This page contains the latest trade data of Coconut and Other Vegetable Fibers. In 2018, Coconut and Other Vegetable Fibers were the world's 1013th most traded product, with a total trade of $568M. Between 2017 and 2018 the exports of Coconut and Other Vegetable Fibers grew by 0.66%, from  $565M to $568M. Trade in Coconut and Other Vegetable Fibers represent 0.0031% of total world trade.

Exports: In 2018 the top exporters of Coconut and Other Vegetable Fibers  were India ($223M), Sri Lanka ($87.2M), Philippines ($45.9M), Brazil ($40.2M), and Vietnam ($31.7M).

Imports: In 2018 the top importers of Coconut and Other Vegetable Fibers were China ($215M), United States ($42.9M), Spain ($35.2M), United Kingdom ($32.1M), and Netherlands ($24.9M).

Tariffs: In 2018 the average tariff for Coconut and Other Vegetable Fibers was 2.94%, been the 1148 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coconut and Other Vegetable Fibers are Bahamas (40.2%), Sudan (21.9%), Sri Lanka (21.9%), Haiti (15%), and Maldives (14.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Coconut and Other Vegetable Fibers ranks 947th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $223M

Top Destination (2018): China, $215M

Coconut and Other Vegetable Fibers are the world's 1013th most traded product.

In 2018, the top exporters of Coconut and Other Vegetable Fibers were India ($223M), Sri Lanka ($87.2M), Philippines ($45.9M), Brazil ($40.2M), and Vietnam ($31.7M).

In 2018, the top importers of Coconut and Other Vegetable Fibers were China ($215M), United States ($42.9M), Spain ($35.2M), United Kingdom ($32.1M), and Netherlands ($24.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $12.2M

Top Destination Growth (2017 - 2018): South Korea, $9.62M

Between 2017 and 2018, the exports of Coconut and Other Vegetable Fibers grew the fastest in India ($12.2M), Brazil ($8.88M), Vietnam ($7.89M), Indonesia ($3.57M), and Netherlands ($3.51M).

Between 2017 and 2018, the fastest growing importers of Coconut and Other Vegetable Fibers were South Korea ($9.62M), Egypt ($4.82M), Spain ($4.51M), Mexico ($2.15M), and Belgium-Luxembourg ($2.03M).

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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 Coconut and Other Vegetable Fibers.

In 2018,  market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Coconut and Other Vegetable Fibers are explained by 9 countries.

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TOP NET EXPORTER (2018): India, $217M

TOP NET IMPORTER (2018): China, $210M

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

In 2018, the countries that had a largest trade value in exports than in imports of Coconut and Other Vegetable Fibers were India ($217M), Sri Lanka ($87.1M), Brazil ($40.1M), Philippines ($34.5M), and Vietnam ($30.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Coconut and Other Vegetable Fibers were China ($210M), United States ($40.9M), United Kingdom ($31.5M), Spain ($29.8M), and Mexico ($23.3M).

Trade Forecasts

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This section shows forecasts for total trade for Coconut and Other Vegetable Fibers. 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 Coconut and Other Vegetable Fibers was 2.94%.  The countries with the highest tariffs for importing Coconut and Other Vegetable Fibers were Bahamas (40.2%), Sudan (21.9%), Sri Lanka (21.9%), Haiti (15%), and Maldives (14.6%).

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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.