HS Icon Cereal Flours

1102 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.01B, Rnk 907 / 1225

Top Exporter (2018): $159M, Mexico

Top Importer (2018): $142M, United States

Product Complexity (2018): -1.04, Rnk 828 / 1018

Export Growth (CAGR)(2017 - 2018): 11.7%, Rnk 688 / 1225

Mean Tariff (2018): 33.9%, Rnk 12 / 1259

Share of World Trade (2018): 0.0055%, Rnk 907 / 1225

Overview: In 2018, Cereal Flours were the world's 907th most traded product, with a total trade of $1.01B. Between 2017 and 2018 the exports of Cereal Flours grew by 11.7%, from  $903M to $1.01B. Trade in Cereal Flours represent 0.0055% of total world trade.

Exports: In 2018 the top exporters of Cereal Flours  were Mexico ($159M), Thailand ($142M), United States ($101M), Italy ($58M), and Germany ($53.9M).

Imports: In 2018 the top importers of Cereal Flours were United States ($142M), Venezuela ($77.5M), Angola ($44.4M), Canada ($41.6M), and South Sudan ($36.3M).

Tariffs: In 2018 the average tariff for Cereal Flours was 33.9%, been the 12 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cereal Flours are Austria (341%), South Korea (298%), Turkey (40.3%), Hungary (38.4%), and Tunisia (36%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Cereal Flours ranks 828th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $159M

Top Destination (2018): United States, $142M

Cereal Flours are the world's 907th most traded product.

In 2018, the top exporters of Cereal Flours were Mexico ($159M), Thailand ($142M), United States ($101M), Italy ($58M), and Germany ($53.9M).

In 2018, the top importers of Cereal Flours were United States ($142M), Venezuela ($77.5M), Angola ($44.4M), Canada ($41.6M), and South Sudan ($36.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $53.6M

Top Destination Growth (2017 - 2018): Venezuela, $49.3M

Between 2017 and 2018, the exports of Cereal Flours grew the fastest in Mexico ($53.6M), Thailand ($41.5M), Uganda ($18.1M), South Africa ($16.3M), and United States ($9.38M).

Between 2017 and 2018, the fastest growing importers of Cereal Flours were Venezuela ($49.3M), South Sudan ($20.7M), Japan ($15.2M), Chinese Taipei ($14.9M), and United States ($14.1M).

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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 Cereal Flours.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Cereal Flours are explained by 24 countries.

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TOP NET EXPORTER (2018): Mexico, $139M

TOP NET IMPORTER (2018): Venezuela, $77.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Cereal Flours were Mexico ($139M), Thailand ($138M), Uganda ($43M), Italy ($42.4M), and South Africa ($35.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Cereal Flours were Venezuela ($77.5M), Angola ($43.7M), United States ($41.4M), South Sudan ($36.3M), and China ($28.6M).

Trade Forecasts

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This section shows forecasts for total trade for Cereal Flours. 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 Cereal Flours was 33.9%.  The countries with the highest tariffs for importing Cereal Flours were Austria (341%), South Korea (298%), Turkey (40.3%), Hungary (38.4%), and Tunisia (36%).

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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.