HS Icon Potatoes

0701 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.21B, Rnk 553 / 1225

Top Exporter (2018): $763M, Netherlands

Top Importer (2018): $371M, Belgium-Luxembourg

Product Complexity (2018): -0.81, Rnk 776 / 1018

Export Growth (CAGR)(2017 - 2018): 1.57%, Rnk 1055 / 1225

Mean Tariff (2018): 20.7%, Rnk 104 / 1259

Share of World Trade (2018): 0.023%, Rnk 553 / 1225

Overview: In 2018, Potatoes were the world's 553rd most traded product, with a total trade of $4.21B. Between 2017 and 2018 the exports of Potatoes grew by 1.57%, from  $4.14B to $4.21B. Trade in Potatoes represent 0.023% of total world trade.

Exports: In 2018 the top exporters of Potatoes  were Netherlands ($763M), France ($643M), Germany ($394M), Egypt ($264M), and Canada ($253M).

Imports: In 2018 the top importers of Potatoes were Belgium-Luxembourg ($371M), Netherlands ($318M), Germany ($252M), Spain ($245M), and United States ($238M).

Tariffs: In 2018 the average tariff for Potatoes was 20.7%, been the 104 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Potatoes are South Korea (289%), Israel (133%), Thailand (122%), Iceland (111%), and Norway (90.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Potatoes ranks 776th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $763M

Top Destination (2018): Belgium-Luxembourg, $371M

Potatoes are the world's 553rd most traded product.

In 2018, the top exporters of Potatoes were Netherlands ($763M), France ($643M), Germany ($394M), Egypt ($264M), and Canada ($253M).

In 2018, the top importers of Potatoes were Belgium-Luxembourg ($371M), Netherlands ($318M), Germany ($252M), Spain ($245M), and United States ($238M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Pakistan, $53.6M

Top Destination Growth (2017 - 2018): Hong Kong, $52.9M

Between 2017 and 2018, the exports of Potatoes grew the fastest in Pakistan ($53.6M), Belgium-Luxembourg ($34.7M), Netherlands ($29.5M), Azerbaijan ($29.5M), and Spain ($28.1M).

Between 2017 and 2018, the fastest growing importers of Potatoes were Hong Kong ($52.9M), Spain ($19.9M), Portugal ($19.5M), Russia ($18.2M), and Azerbaijan ($15.4M).

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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 Potatoes.

In 2018,  market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Potatoes are explained by 18 countries.

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TOP NET EXPORTER (2018): France, $528M

TOP NET IMPORTER (2018): Russia, $188M

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

In 2018, the countries that had a largest trade value in exports than in imports of Potatoes were France ($528M), Netherlands ($445M), China ($247M), Egypt ($182M), and Canada ($161M).

In 2018, the countries that had a largest trade value in imports than in exports of Potatoes were Russia ($188M), Belgium-Luxembourg ($161M), Italy ($142M), Vietnam ($99.8M), and Portugal ($97.1M).

Trade Forecasts

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This section shows forecasts for total trade for Potatoes. 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 Potatoes was 20.7%.  The countries with the highest tariffs for importing Potatoes were South Korea (289%), Israel (133%), Thailand (122%), Iceland (111%), and Norway (90.9%).

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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.