HS Icon Rice, semi-milled or wholly milled

100630 (Harmonized System 1992 for 6-digit)

World Trade (2018): $20.4B, Rnk 129 / 4726

Top Exporter (2018): $6.77B, India

Top Importer (2018): $1.4B, Iran

Product Complexity (2018): -2.01, Rnk 4744 / 4873

Export Growth (CAGR)(2017 - 2018): 33.1%, Rnk 677 / 4726

Mean Tariff (2018): 11.8%, Rnk 1809 / 6538

Share of World Trade (2018): 0.11%, Rnk 129 / 4726

Overview:  This page contains the latest trade data of Rice, semi-milled or wholly milled. In 2018, Rice, semi-milled or wholly milled were the world's 129th most traded product, with a total trade of $20.4B. Between 2017 and 2018 the exports of Rice, semi-milled or wholly milled grew by 33.1%, from  $15.4B to $20.4B. Trade in Rice, semi-milled or wholly milled represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Rice, semi-milled or wholly milled  were India ($6.77B), Thailand ($4.94B), Vietnam ($1.83B), Pakistan ($1.5B), and United States ($1.12B).

Imports: In 2018 the top importers of Rice, semi-milled or wholly milled were Iran ($1.4B), China ($1.35B), Saudi Arabia ($1.23B), Benin ($919M), and Indonesia ($845M).

Tariffs: In 2018 the average tariff for Rice, semi-milled or wholly milled was 11.8%, been the 1809 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Rice, semi-milled or wholly milled are South Korea (511%), Tanzania (70.7%), Uganda (70.6%), India (68.3%), and Ecuador (65.8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Madagascar (0%), Mauritius (0%), and South Africa (0%).

Ranking: Rice, semi-milled or wholly milled ranks 4744th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $6.77B

Top Destination (2018): Iran, $1.4B

Rice, semi-milled or wholly milled are the world's 129th most traded product.

In 2018, the top exporters of Rice, semi-milled or wholly milled were India ($6.77B), Thailand ($4.94B), Vietnam ($1.83B), Pakistan ($1.5B), and United States ($1.12B).

In 2018, the top importers of Rice, semi-milled or wholly milled were Iran ($1.4B), China ($1.35B), Saudi Arabia ($1.23B), Benin ($919M), and Indonesia ($845M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $2.54B

Top Destination Growth (2017 - 2018): Indonesia, $810M

Between 2017 and 2018, the exports of Rice, semi-milled or wholly milled grew the fastest in Thailand ($2.54B), India ($585M), Vietnam ($440M), Pakistan ($330M), and China ($315M).

Between 2017 and 2018, the fastest growing importers of Rice, semi-milled or wholly milled were Indonesia ($810M), Benin ($553M), Iran ($505M), Philippines ($436M), and Saudi Arabia ($298M).

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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 Rice, semi-milled or wholly milled.

In 2018,  market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Rice, semi-milled or wholly milled are explained by 9 countries.

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TOP NET EXPORTER (2018): India, $6.76B

TOP NET IMPORTER (2018): Iran, $1.4B

This map shows which countries export or import more of Rice, semi-milled or wholly milled. Each country is colored based on the difference in exports and imports of Rice, semi-milled or wholly milled during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Rice, semi-milled or wholly milled were India ($6.76B), Thailand ($4.93B), Vietnam ($1.8B), Pakistan ($1.5B), and Italy ($446M).

In 2018, the countries that had a largest trade value in imports than in exports of Rice, semi-milled or wholly milled were Iran ($1.4B), Saudi Arabia ($1.22B), Indonesia ($842M), Philippines ($744M), and China ($675M).

Trade Forecasts

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This section shows forecasts for total trade for Rice, semi-milled or wholly milled. 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 Rice, semi-milled or wholly milled was 11.8%.  The countries with the highest tariffs for importing Rice, semi-milled or wholly milled were South Korea (511%), Tanzania (70.7%), Uganda (70.6%), India (68.3%), and Ecuador (65.8%).

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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.