HS Icon Tea, black (fermented or partly) in packages < 3 kg

090230 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.88B, Rnk 1392 / 4726

Top Exporter (2018): $328M, Sri Lanka

Top Importer (2018): $129M, United States

Export Growth (CAGR)(2017 - 2018): 9.42%, Rnk 2767 / 4726

Mean Tariff (2018): 11.7%, Rnk 1833 / 6538

Share of World Trade (2018): 0.01%, Rnk 1392 / 4726

Overview:  This page contains the latest trade data of Tea, black (fermented or partly) in packages < 3 kg. In 2018, Tea, black (fermented or partly) in packages < 3 kg were the world's 1392nd most traded product, with a total trade of $1.88B. Between 2017 and 2018 the exports of Tea, black (fermented or partly) in packages < 3 kg grew by 9.42%, from  $1.72B to $1.88B. Trade in Tea, black (fermented or partly) in packages < 3 kg represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Tea, black (fermented or partly) in packages < 3 kg  were Sri Lanka ($328M), United Arab Emirates ($257M), China ($207M), Poland ($146M), and United Kingdom ($106M).

Imports: In 2018 the top importers of Tea, black (fermented or partly) in packages < 3 kg were United States ($129M), Saudi Arabia ($102M), France ($84M), Afghanistan ($83.3M), and Hong Kong ($82.3M).

Tariffs: In 2018 the average tariff for Tea, black (fermented or partly) in packages < 3 kg was 11.7%, been the 1833 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Tea, black (fermented or partly) in packages < 3 kg are Turkey (144%), India (96.9%), Thailand (87.6%), Iran (50%), 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sri Lanka, $328M

Top Destination (2018): United States, $129M

Tea, black (fermented or partly) in packages < 3 kg are the world's 1392nd most traded product.

In 2018, the top exporters of Tea, black (fermented or partly) in packages < 3 kg were Sri Lanka ($328M), United Arab Emirates ($257M), China ($207M), Poland ($146M), and United Kingdom ($106M).

In 2018, the top importers of Tea, black (fermented or partly) in packages < 3 kg were United States ($129M), Saudi Arabia ($102M), France ($84M), Afghanistan ($83.3M), and Hong Kong ($82.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $139M

Top Destination Growth (2017 - 2018): Afghanistan, $83.2M

Between 2017 and 2018, the exports of Tea, black (fermented or partly) in packages < 3 kg grew the fastest in United Arab Emirates ($139M), Kenya ($79.7M), China ($58.9M), United States ($36.6M), and Poland ($20.8M).

Between 2017 and 2018, the fastest growing importers of Tea, black (fermented or partly) in packages < 3 kg were Afghanistan ($83.2M), Saudi Arabia ($65.3M), Canada ($62.4M), Hong Kong ($44.3M), and Iran ($17.8M).

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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 Tea, black (fermented or partly) in packages < 3 kg.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Tea, black (fermented or partly) in packages < 3 kg are explained by 19 countries.

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TOP NET EXPORTER (2018): Sri Lanka, $328M

TOP NET IMPORTER (2018): Saudi Arabia, $86.2M

This map shows which countries export or import more of Tea, black (fermented or partly) in packages < 3 kg. Each country is colored based on the difference in exports and imports of Tea, black (fermented or partly) in packages < 3 kg during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tea, black (fermented or partly) in packages < 3 kg were Sri Lanka ($328M), United Arab Emirates ($218M), China ($170M), Poland ($113M), and India ($97M).

In 2018, the countries that had a largest trade value in imports than in exports of Tea, black (fermented or partly) in packages < 3 kg were Saudi Arabia ($86.2M), Afghanistan ($83.2M), Australia ($71M), United States ($68.4M), and Hong Kong ($58.7M).

Trade Forecasts

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This section shows forecasts for total trade for Tea, black (fermented or partly) in packages < 3 kg. 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 Tea, black (fermented or partly) in packages < 3 kg was 11.7%.  The countries with the highest tariffs for importing Tea, black (fermented or partly) in packages < 3 kg were Turkey (144%), India (96.9%), Thailand (87.6%), Iran (50%), and Laos (38.3%).

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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.