HS Icon Processed Cereals

1104 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.74B, Rnk 775 / 1225

Top Exporter (2018): $302M, Canada

Top Importer (2018): $313M, United States

Product Complexity (2018): -0.53, Rnk 707 / 1018

Export Growth (CAGR)(2017 - 2018): 17%, Rnk 431 / 1225

Mean Tariff (2018): 45.3%, Rnk 5 / 1259

Share of World Trade (2018): 0.0095%, Rnk 775 / 1225

Overview: In 2018, Processed Cereals were the world's 775th most traded product, with a total trade of $1.74B. Between 2017 and 2018 the exports of Processed Cereals grew by 17%, from  $1.49B to $1.74B. Trade in Processed Cereals represent 0.0095% of total world trade.

Exports: In 2018 the top exporters of Processed Cereals  were Canada ($302M), Germany ($162M), Turkey ($120M), United Kingdom ($107M), and United States ($106M).

Imports: In 2018 the top importers of Processed Cereals were United States ($313M), Ghana ($129M), Netherlands ($96M), Germany ($86.5M), and Mexico ($65.2M).

Tariffs: In 2018 the average tariff for Processed Cereals was 45.3%, been the 5 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Processed Cereals are Austria (653%), South Korea (384%), Latvia (46%), Turkey (43.7%), and Estonia (41.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Processed Cereals ranks 707th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $302M

Top Destination (2018): United States, $313M

Processed Cereals are the world's 775th most traded product.

In 2018, the top exporters of Processed Cereals were Canada ($302M), Germany ($162M), Turkey ($120M), United Kingdom ($107M), and United States ($106M).

In 2018, the top importers of Processed Cereals were United States ($313M), Ghana ($129M), Netherlands ($96M), Germany ($86.5M), and Mexico ($65.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Turkey, $106M

Top Destination Growth (2017 - 2018): United States, $133M

Between 2017 and 2018, the exports of Processed Cereals grew the fastest in Turkey ($106M), Canada ($105M), Chile ($37M), Germany ($23.9M), and Russia ($20.6M).

Between 2017 and 2018, the fastest growing importers of Processed Cereals were United States ($133M), Ghana ($87.5M), Iraq ($21.8M), China ($21.5M), and Germany ($19.7M).

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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 Processed Cereals.

In 2018,  market concentration measured using Shannon Entropy, was 4.78. This means that most of the exports of Processed Cereals are explained by 27 countries.

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TOP NET EXPORTER (2018): Canada, $281M

TOP NET IMPORTER (2018): United States, $206M

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

In 2018, the countries that had a largest trade value in exports than in imports of Processed Cereals were Canada ($281M), Turkey ($90.6M), Russia ($84.7M), Germany ($75.1M), and United Kingdom ($74M).

In 2018, the countries that had a largest trade value in imports than in exports of Processed Cereals were United States ($206M), Ghana ($129M), Mexico ($64.9M), Netherlands ($48.9M), and Japan ($44.2M).

Trade Forecasts

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This section shows forecasts for total trade for Processed Cereals. 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 Processed Cereals was 45.3%.  The countries with the highest tariffs for importing Processed Cereals were Austria (653%), South Korea (384%), Latvia (46%), Turkey (43.7%), and Estonia (41.9%).

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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.