HS Icon Copra

1203 (Harmonized System 1992 for 4-digit)

World Trade (2018): $113M, Rnk 1171 / 1225

Top Exporter (2018): $45M, Papua New Guinea

Top Importer (2018): $60.6M, Philippines

Export Growth (CAGR)(2017 - 2018): -22.9%, Rnk 1210 / 1225

Mean Tariff (2018): 7.54%, Rnk 583 / 1259

Share of World Trade (2018): 0.00061%, Rnk 1171 / 1225

Overview: In 2018, Copra were the world's 1171st most traded product, with a total trade of $113M. Between 2017 and 2018 the exports of Copra decreased by -22.9%, from  $146M to $113M. Trade in Copra represent 0.00061% of total world trade.

Exports: In 2018 the top exporters of Copra  were Papua New Guinea ($45M), Indonesia ($38.1M), Solomon Islands ($8.2M), Vanuatu ($7.41M), and India ($4.59M).

Imports: In 2018 the top importers of Copra were Philippines ($60.6M), Bangladesh ($20M), India ($13.9M), Pakistan ($6.39M), and Nepal ($3.54M).

Tariffs: In 2018 the average tariff for Copra was 7.54%, been the 583 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Copra are India (66.8%), Jamaica (40%), Mexico (38.1%), Trinidad and Tobago (37.8%), and Barbados (37%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Papua New Guinea, $45M

Top Destination (2018): Philippines, $60.6M

Copra are the world's 1171st most traded product.

In 2018, the top exporters of Copra were Papua New Guinea ($45M), Indonesia ($38.1M), Solomon Islands ($8.2M), Vanuatu ($7.41M), and India ($4.59M).

In 2018, the top importers of Copra were Philippines ($60.6M), Bangladesh ($20M), India ($13.9M), Pakistan ($6.39M), and Nepal ($3.54M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $8.57M

Top Destination Growth (2017 - 2018): India, $12.1M

Between 2017 and 2018, the exports of Copra grew the fastest in Indonesia ($8.57M), Egypt ($2.24M), Thailand ($753k), United States ($356k), and Australia ($160k).

Between 2017 and 2018, the fastest growing importers of Copra were India ($12.1M), Nepal ($3.24M), Saudi Arabia ($1.35M), Turkey ($448k), and Canada ($381k).

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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 Copra.

In 2018,  market concentration measured using Shannon Entropy, was 2.34. This means that most of the exports of Copra are explained by 5 countries.

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TOP NET EXPORTER (2018): Papua New Guinea, $45M

TOP NET IMPORTER (2018): Philippines, $60.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Copra were Papua New Guinea ($45M), Indonesia ($38M), Solomon Islands ($8.2M), Vanuatu ($7.41M), and Egypt ($1.87M).

In 2018, the countries that had a largest trade value in imports than in exports of Copra were Philippines ($60.2M), Bangladesh ($20M), India ($9.3M), Pakistan ($6.39M), and Nepal ($3.54M).

Trade Forecasts

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This section shows forecasts for total trade for Copra. 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 Copra was 7.54%.  The countries with the highest tariffs for importing Copra were India (66.8%), Jamaica (40%), Mexico (38.1%), Trinidad and Tobago (37.8%), and Barbados (37%).

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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.