HS Icon Onions

0703 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.01B, Rnk 454 / 1225

Top Exporter (2018): $2.05B, China

Top Importer (2018): $660M, United States

Product Complexity (2018): -2, Rnk 998 / 1018

Export Growth (CAGR)(2017 - 2018): -9.8%, Rnk 1176 / 1225

Mean Tariff (2018): 23.4%, Rnk 68 / 1259

Share of World Trade (2018): 0.033%, Rnk 454 / 1225

Overview:  This page contains the latest trade data of Onions. In 2018, Onions were the world's 454th most traded product, with a total trade of $6.01B. Between 2017 and 2018 the exports of Onions decreased by -9.8%, from  $6.66B to $6.01B. Trade in Onions represent 0.033% of total world trade.

Exports: In 2018 the top exporters of Onions  were China ($2.05B), Netherlands ($766M), Spain ($506M), Mexico ($441M), and India ($440M).

Imports: In 2018 the top importers of Onions were United States ($660M), Vietnam ($565M), Indonesia ($399M), Germany ($313M), and United Kingdom ($285M).

Tariffs: In 2018 the average tariff for Onions was 23.4%, been the 68 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Onions are South Korea (151%), Turkmenistan (100%), Barbados (86.1%), Thailand (67.5%), and Cyprus (64.3%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Maldives (0%).

Ranking: Onions ranks 998th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.05B

Top Destination (2018): United States, $660M

Onions are the world's 454th most traded product.

In 2018, the top exporters of Onions were China ($2.05B), Netherlands ($766M), Spain ($506M), Mexico ($441M), and India ($440M).

In 2018, the top importers of Onions were United States ($660M), Vietnam ($565M), Indonesia ($399M), Germany ($313M), and United Kingdom ($285M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $189M

Top Destination Growth (2017 - 2018): United Kingdom, $36.6M

Between 2017 and 2018, the exports of Onions grew the fastest in Netherlands ($189M), Mexico ($32.4M), Poland ($31.1M), United States ($27.9M), and Pakistan ($25.7M).

Between 2017 and 2018, the fastest growing importers of Onions were United Kingdom ($36.6M), Germany ($30.9M), Spain ($26.2M), Qatar ($23.4M), and Hong Kong ($15.9M).

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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 Onions.

In 2018,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Onions are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $2.04B

TOP NET IMPORTER (2018): Vietnam, $563M

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

In 2018, the countries that had a largest trade value in exports than in imports of Onions were China ($2.04B), Netherlands ($585M), India ($439M), Spain ($436M), and Mexico ($374M).

In 2018, the countries that had a largest trade value in imports than in exports of Onions were Vietnam ($563M), United States ($436M), Indonesia ($392M), United Kingdom ($271M), and Germany ($248M).

Trade Forecasts

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This section shows forecasts for total trade for Onions. 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 Onions was 23.4%.  The countries with the highest tariffs for importing Onions were South Korea (151%), Turkmenistan (100%), Barbados (86.1%), Thailand (67.5%), and Cyprus (64.3%).

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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.