HS Icon Preserved Vegetables

0711 (Harmonized System 1992 for 4-digit)

World Trade (2018): $704M, Rnk 979 / 1225

Top Exporter (2018): $170M, China

Top Importer (2018): $97M, Italy

Product Complexity (2018): -1.17, Rnk 864 / 1018

Export Growth (CAGR)(2017 - 2018): 11%, Rnk 719 / 1225

Mean Tariff (2018): 21%, Rnk 99 / 1259

Share of World Trade (2018): 0.0038%, Rnk 979 / 1225

Overview:  This page contains the latest trade data of Preserved Vegetables. In 2018, Preserved Vegetables were the world's 979th most traded product, with a total trade of $704M. Between 2017 and 2018 the exports of Preserved Vegetables grew by 11%, from  $634M to $704M. Trade in Preserved Vegetables represent 0.0038% of total world trade.

Exports: In 2018 the top exporters of Preserved Vegetables  were China ($170M), India ($98.6M), Spain ($79.2M), Egypt ($54M), and Greece ($36.2M).

Imports: In 2018 the top importers of Preserved Vegetables were Italy ($97M), Japan ($79.9M), France ($56.1M), Spain ($45.9M), and Germany ($43M).

Tariffs: In 2018 the average tariff for Preserved Vegetables was 21%, been the 99 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Preserved Vegetables are Cyprus (70%), South Korea (65.5%), Iran (54%), Hungary (51.2%), and Turkmenistan (50%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Preserved Vegetables ranks 864th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $170M

Top Destination (2018): Italy, $97M

Preserved Vegetables are the world's 979th most traded product.

In 2018, the top exporters of Preserved Vegetables were China ($170M), India ($98.6M), Spain ($79.2M), Egypt ($54M), and Greece ($36.2M).

In 2018, the top importers of Preserved Vegetables were Italy ($97M), Japan ($79.9M), France ($56.1M), Spain ($45.9M), and Germany ($43M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $27.9M

Top Destination Growth (2017 - 2018): France, $18.2M

Between 2017 and 2018, the exports of Preserved Vegetables grew the fastest in India ($27.9M), Spain ($25.2M), Belgium-Luxembourg ($7.12M), Morocco ($5.73M), and Malta ($5.47M).

Between 2017 and 2018, the fastest growing importers of Preserved Vegetables were France ($18.2M), Spain ($11.6M), Germany ($9.5M), United Kingdom ($7.84M), and Belgium-Luxembourg ($6.49M).

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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 Preserved Vegetables.

In 2018,  market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Preserved Vegetables are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $167M

TOP NET IMPORTER (2018): Italy, $79.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Preserved Vegetables were China ($167M), India ($95.2M), Egypt ($53.7M), Spain ($33.3M), and Morocco ($31M).

In 2018, the countries that had a largest trade value in imports than in exports of Preserved Vegetables were Italy ($79.5M), Japan ($76.5M), France ($52.4M), Germany ($37.9M), and Brazil ($33.1M).

Trade Forecasts

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This section shows forecasts for total trade for Preserved Vegetables. 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 Preserved Vegetables was 21%.  The countries with the highest tariffs for importing Preserved Vegetables were Cyprus (70%), South Korea (65.5%), Iran (54%), Hungary (51.2%), and Turkmenistan (50%).

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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.