HS Icon Pepper

0904 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.69B, Rnk 583 / 1225

Top Exporter (2018): $788M, India

Top Importer (2018): $596M, United States

Product Complexity (2018): -1.73, Rnk 975 / 1018

Export Growth (CAGR)(2017 - 2018): -10%, Rnk 1178 / 1225

Mean Tariff (2018): 10.6%, Rnk 392 / 1259

Share of World Trade (2018): 0.02%, Rnk 583 / 1225

Overview: In 2018, Pepper were the world's 583rd most traded product, with a total trade of $3.69B. Between 2017 and 2018 the exports of Pepper decreased by -10%, from  $4.1B to $3.69B. Trade in Pepper represent 0.02% of total world trade.

Exports: In 2018 the top exporters of Pepper  were India ($788M), Vietnam ($702M), China ($557M), Brazil ($211M), and Spain ($186M).

Imports: In 2018 the top importers of Pepper were United States ($596M), Vietnam ($297M), Germany ($204M), Thailand ($180M), and China ($173M).

Tariffs: In 2018 the average tariff for Pepper was 10.6%, been the 392 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pepper are South Korea (137%), India (64.1%), Turkey (46.9%), Hungary (42.5%), and Thailand (37.9%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Pepper ranks 975th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $788M

Top Destination (2018): United States, $596M

Pepper are the world's 583rd most traded product.

In 2018, the top exporters of Pepper were India ($788M), Vietnam ($702M), China ($557M), Brazil ($211M), and Spain ($186M).

In 2018, the top importers of Pepper were United States ($596M), Vietnam ($297M), Germany ($204M), Thailand ($180M), and China ($173M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $69.4M

Top Destination Growth (2017 - 2018): China, $129M

Between 2017 and 2018, the exports of Pepper grew the fastest in China ($69.4M), United Arab Emirates ($24.7M), Spain ($23.9M), Thailand ($14.5M), and Peru ($10.9M).

Between 2017 and 2018, the fastest growing importers of Pepper were China ($129M), Canada ($30.7M), United Arab Emirates ($22.1M), Mexico ($19.9M), and Morocco ($14.4M).

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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 Pepper.

In 2018,  market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Pepper are explained by 15 countries.

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TOP NET EXPORTER (2018): India, $647M

TOP NET IMPORTER (2018): United States, $536M

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

In 2018, the countries that had a largest trade value in exports than in imports of Pepper were India ($647M), Vietnam ($405M), China ($385M), Brazil ($205M), and Indonesia ($111M).

In 2018, the countries that had a largest trade value in imports than in exports of Pepper were United States ($536M), Thailand ($156M), Japan ($110M), United Kingdom ($96.3M), and Germany ($74.5M).

Trade Forecasts

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This section shows forecasts for total trade for Pepper. 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 Pepper was 10.6%.  The countries with the highest tariffs for importing Pepper were South Korea (137%), India (64.1%), Turkey (46.9%), Hungary (42.5%), and Thailand (37.9%).

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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.