HS Icon Starches

1108 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.4B, Rnk 541 / 1225

Top Exporter (2018): $1.38B, Thailand

Top Importer (2018): $953M, China

Product Complexity (2018): -0.39, Rnk 660 / 1018

Export Growth (CAGR)(2017 - 2018): 24.9%, Rnk 233 / 1225

Mean Tariff (2018): 14.2%, Rnk 231 / 1259

Share of World Trade (2018): 0.024%, Rnk 541 / 1225

Overview:  This page contains the latest trade data of Starches. In 2018, Starches were the world's 541st most traded product, with a total trade of $4.4B. Between 2017 and 2018 the exports of Starches grew by 24.9%, from  $3.53B to $4.4B. Trade in Starches represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Starches  were Thailand ($1.38B), Germany ($382M), Netherlands ($326M), Belgium-Luxembourg ($246M), and China ($238M).

Imports: In 2018 the top importers of Starches were China ($953M), Indonesia ($396M), United States ($303M), Germany ($229M), and Chinese Taipei ($200M).

Tariffs: In 2018 the average tariff for Starches was 14.2%, been the 231 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Starches are South Korea (383%), Estonia (46.4%), Slovakia (36.4%), Czechia (36.4%), and Iran (36.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Starches ranks 660th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $1.38B

Top Destination (2018): China, $953M

Starches are the world's 541st most traded product.

In 2018, the top exporters of Starches were Thailand ($1.38B), Germany ($382M), Netherlands ($326M), Belgium-Luxembourg ($246M), and China ($238M).

In 2018, the top importers of Starches were China ($953M), Indonesia ($396M), United States ($303M), Germany ($229M), and Chinese Taipei ($200M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $486M

Top Destination Growth (2017 - 2018): China, $171M

Between 2017 and 2018, the exports of Starches grew the fastest in Thailand ($486M), China ($98.2M), India ($54.5M), Netherlands ($42.7M), and France ($35.6M).

Between 2017 and 2018, the fastest growing importers of Starches were China ($171M), Indonesia ($169M), Chinese Taipei ($163M), Philippines ($44.7M), and Germany ($35.2M).

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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 Starches.

In 2018,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Starches are explained by 17 countries.

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TOP NET EXPORTER (2018): Thailand, $1.32B

TOP NET IMPORTER (2018): China, $715M

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

In 2018, the countries that had a largest trade value in exports than in imports of Starches were Thailand ($1.32B), Netherlands ($173M), Vietnam ($169M), Belgium-Luxembourg ($166M), and Germany ($153M).

In 2018, the countries that had a largest trade value in imports than in exports of Starches were China ($715M), Indonesia ($376M), United States ($210M), Chinese Taipei ($195M), and Malaysia ($150M).

Trade Forecasts

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This section shows forecasts for total trade for Starches. 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 Starches was 14.2%.  The countries with the highest tariffs for importing Starches were South Korea (383%), Estonia (46.4%), Slovakia (36.4%), Czechia (36.4%), and Iran (36.4%).

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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.