HS Icon Dryers for agricultural products

841931 (Harmonized System 1992 for 6-digit)

World Trade (2018): $477M, Rnk 2842 / 4726

Top Exporter (2018): $52.6M, Germany

Top Importer (2018): $39.4M, Ukraine

Product Complexity (2018): 0.43, Rnk 1822 / 4873

Export Growth (CAGR)(2017 - 2018): 21.1%, Rnk 1286 / 4726

Mean Tariff (2018): 3.89%, Rnk 5083 / 6538

Share of World Trade (2018): 0.0026%, Rnk 2842 / 4726

Overview:  This page contains the latest trade data of Dryers for agricultural products. In 2018, Dryers for agricultural products were the world's 2842nd most traded product, with a total trade of $477M. Between 2017 and 2018 the exports of Dryers for agricultural products grew by 21.1%, from  $394M to $477M. Trade in Dryers for agricultural products represent 0.0026% of total world trade.

Exports: In 2018 the top exporters of Dryers for agricultural products  were Germany ($52.6M), Italy ($52.5M), United States ($49.4M), China ($42.1M), and Chinese Taipei ($25.3M).

Imports: In 2018 the top importers of Dryers for agricultural products were Ukraine ($39.4M), Russia ($25.8M), Canada ($25.5M), Indonesia ($24.9M), and Philippines ($18.5M).

Tariffs: In 2018 the average tariff for Dryers for agricultural products was 3.89%, been the 5083 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Dryers for agricultural products are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Indonesia (15%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Dryers for agricultural products ranks 1822nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $52.6M

Top Destination (2018): Ukraine, $39.4M

Dryers for agricultural products are the world's 2842nd most traded product.

In 2018, the top exporters of Dryers for agricultural products were Germany ($52.6M), Italy ($52.5M), United States ($49.4M), China ($42.1M), and Chinese Taipei ($25.3M).

In 2018, the top importers of Dryers for agricultural products were Ukraine ($39.4M), Russia ($25.8M), Canada ($25.5M), Indonesia ($24.9M), and Philippines ($18.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $14.6M

Top Destination Growth (2017 - 2018): Ukraine, $9.71M

Between 2017 and 2018, the exports of Dryers for agricultural products grew the fastest in Chinese Taipei ($14.6M), Poland ($10.8M), Germany ($8.28M), Netherlands ($7.9M), and Sweden ($7.42M).

Between 2017 and 2018, the fastest growing importers of Dryers for agricultural products were Ukraine ($9.71M), Nigeria ($9.7M), Denmark ($7.71M), Germany ($7.62M), and Philippines ($6.43M).

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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 Dryers for agricultural products.

In 2018,  market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Dryers for agricultural products are explained by 24 countries.

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TOP NET EXPORTER (2018): Italy, $46.4M

TOP NET IMPORTER (2018): Ukraine, $37.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Dryers for agricultural products were Italy ($46.4M), Germany ($39.8M), United States ($38.4M), China ($27M), and Chinese Taipei ($24M).

In 2018, the countries that had a largest trade value in imports than in exports of Dryers for agricultural products were Ukraine ($37.1M), Indonesia ($24.4M), Russia ($23.8M), Canada ($23.3M), and Philippines ($17.7M).

Trade Forecasts

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This section shows forecasts for total trade for Dryers for agricultural products. 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 Dryers for agricultural products was 3.89%.  The countries with the highest tariffs for importing Dryers for agricultural products were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Indonesia (15%), and Venezuela (13.4%).

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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.