HS Icon Vanilla

0905 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.47B, Rnk 824 / 1225

Top Exporter (2018): $945M, Madagascar

Top Importer (2018): $575M, United States

Product Complexity (2018): -1.71, Rnk 972 / 1018

Export Growth (CAGR)(2017 - 2018): 9.6%, Rnk 799 / 1225

Mean Tariff (2018): 9.86%, Rnk 854 / 1259

Share of World Trade (2018): 0.008%, Rnk 824 / 1225

Overview: In 2018, Vanilla were the world's 824th most traded product, with a total trade of $1.47B. Between 2017 and 2018 the exports of Vanilla grew by 9.6%, from  $1.34B to $1.47B. Trade in Vanilla represent 0.008% of total world trade.

Exports: In 2018 the top exporters of Vanilla  were Madagascar ($945M), France ($85.1M), Indonesia ($82M), Germany ($68.1M), and Canada ($62.5M).

Imports: In 2018 the top importers of Vanilla were United States ($575M), France ($276M), Germany ($167M), Canada ($61.4M), and Netherlands ($45.1M).

Tariffs: In 2018 the average tariff for Vanilla was 9.86%, been the 854 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vanilla are Tunisia (36%), Cape Verde (30%), Sri Lanka (29.9%), Ethiopia (29.7%), and Cameroon (29.4%). The countries with the lowest tariffs are Angola (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Ranking: Vanilla ranks 972nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Madagascar, $945M

Top Destination (2018): United States, $575M

Vanilla are the world's 824th most traded product.

In 2018, the top exporters of Vanilla were Madagascar ($945M), France ($85.1M), Indonesia ($82M), Germany ($68.1M), and Canada ($62.5M).

In 2018, the top importers of Vanilla were United States ($575M), France ($276M), Germany ($167M), Canada ($61.4M), and Netherlands ($45.1M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Madagascar, $51M

Top Destination Growth (2017 - 2018): Canada, $33M

Between 2017 and 2018, the exports of Vanilla grew the fastest in Madagascar ($51M), France ($38.8M), Canada ($26.3M), Germany ($21M), and Mauritius ($18.5M).

Between 2017 and 2018, the fastest growing importers of Vanilla were Canada ($33M), Germany ($30M), Australia ($9.99M), Antigua and Barbuda ($9.9M), and Poland ($8.6M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Vanilla.

In 2018,  market concentration measured using Shannon Entropy, was 2.31. This means that most of the exports of Vanilla are explained by 4 countries.

TOP NET EXPORTER (2018): Madagascar, $938M

TOP NET IMPORTER (2018): United States, $557M

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

In 2018, the countries that had a largest trade value in exports than imports of Vanilla were Madagascar ($938M), Indonesia ($70.5M), Papua New Guinea ($45.9M), Comoros ($17M), and Uganda ($13.5M).

In 2018, the countries that had a largest trade value in imports than exports of Vanilla were United States ($557M), France ($191M), Germany ($99.1M), Japan ($38.5M), and Switzerland ($29.3M).

Trade Forecasts

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This section shows forecasts for total trade for Vanilla. 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 Vanilla was 9.86%.  The countries with the highest tariffs for importing Vanilla were Tunisia (36%), Cape Verde (30%), Sri Lanka (29.9%), Ethiopia (29.7%), and Cameroon (29.4%).

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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.