HS Icon Legumes

0708 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.54B, Rnk 807 / 1225

Top Exporter (2018): $291M, Morocco

Top Importer (2018): $235M, United States

Product Complexity (2018): -1.79, Rnk 981 / 1018

Export Growth (CAGR)(2017 - 2018): -0.86%, Rnk 1100 / 1225

Mean Tariff (2018): 20.7%, Rnk 102 / 1259

Share of World Trade (2018): 0.0084%, Rnk 807 / 1225

Overview:  This page contains the latest trade data of Legumes. In 2018, Legumes were the world's 807th most traded product, with a total trade of $1.54B. Between 2017 and 2018 the exports of Legumes decreased by -0.86%, from  $1.55B to $1.54B. Trade in Legumes represent 0.0084% of total world trade.

Exports: In 2018 the top exporters of Legumes  were Morocco ($291M), Guatemala ($186M), Netherlands ($131M), Mexico ($114M), and France ($101M).

Imports: In 2018 the top importers of Legumes were United States ($235M), Spain ($202M), Netherlands ($166M), United Kingdom ($154M), and France ($145M).

Tariffs: In 2018 the average tariff for Legumes was 20.7%, been the 102 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Legumes are Cyprus (94.3%), Lebanon (62.8%), Barbados (56.5%), Hungary (46.1%), and Syria (46%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Maldives (0%).

Ranking: Legumes ranks 981st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Morocco, $291M

Top Destination (2018): United States, $235M

Legumes are the world's 807th most traded product.

In 2018, the top exporters of Legumes were Morocco ($291M), Guatemala ($186M), Netherlands ($131M), Mexico ($114M), and France ($101M).

In 2018, the top importers of Legumes were United States ($235M), Spain ($202M), Netherlands ($166M), United Kingdom ($154M), and France ($145M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $41M

Top Destination Growth (2017 - 2018): Spain, $25.3M

Between 2017 and 2018, the exports of Legumes grew the fastest in Netherlands ($41M), Guatemala ($23M), France ($14.3M), United States ($5.69M), and Peru ($4.4M).

Between 2017 and 2018, the fastest growing importers of Legumes were Spain ($25.3M), United States ($23.1M), Italy ($8.76M), Canada ($6.11M), and Germany ($5.98M).

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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 Legumes.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Legumes are explained by 20 countries.

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TOP NET EXPORTER (2018): Morocco, $290M

TOP NET IMPORTER (2018): United States, $152M

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

In 2018, the countries that had a largest trade value in exports than in imports of Legumes were Morocco ($290M), Guatemala ($186M), Mexico ($113M), Kenya ($85.1M), and Egypt ($50.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Legumes were United States ($152M), United Kingdom ($135M), Spain ($120M), Canada ($105M), and Germany ($71.3M).

Trade Forecasts

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This section shows forecasts for total trade for Legumes. 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 Legumes was 20.7%.  The countries with the highest tariffs for importing Legumes were Cyprus (94.3%), Lebanon (62.8%), Barbados (56.5%), Hungary (46.1%), and Syria (46%).

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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.