Overview: In 2018, Tea were the world's 396th most traded product, with a total trade of $7.71B. Between 2017 and 2018 the exports of Tea grew by 8.22%, from $7.12B to $7.71B. Trade in Tea represent 0.042% of total world trade.
Exports: In 2018 the top exporters of Tea were China ($1.67B), Kenya ($1.46B), Sri Lanka ($858M), India ($807M), and United Arab Emirates ($341M).
Imports: In 2018 the top importers of Tea were Pakistan ($689M), United States ($484M), Russia ($473M), United Kingdom ($357M), and Hong Kong ($312M).
Tariffs: In 2018 the average tariff for Tea was 9.97%, been the 428 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Tea are South Korea (255%), Turkey (144%), India (96.4%), Thailand (87.6%), and Laos (38.3%). The countries with the lowest tariffs are South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Lebanon (0%).
Ranking: Tea ranks 992nd in the Product Complexity Index (PCI).