HS Icon Linseed

120400 (Harmonized System 1992 for 6-digit)

World Trade (2018): $808M, Rnk 2295 / 4726

Top Exporter (2018): $245M, Canada

Top Importer (2018): $176M, Belgium-Luxembourg

Product Complexity (2018): -0.88, Rnk 3859 / 4873

Export Growth (CAGR)(2017 - 2018): -2.51%, Rnk 4013 / 4726

Mean Tariff (2018): 5.08%, Rnk 4078 / 6538

Share of World Trade (2018): 0.0044%, Rnk 2295 / 4726

Overview:  This page contains the latest trade data of Linseed. In 2018, Linseed were the world's 2295th most traded product, with a total trade of $808M. Between 2017 and 2018 the exports of Linseed decreased by -2.51%, from  $829M to $808M. Trade in Linseed represent 0.0044% of total world trade.

Exports: In 2018 the top exporters of Linseed  were Canada ($245M), Russia ($152M), Kazakhstan ($145M), Belgium-Luxembourg ($72.4M), and Poland ($44.1M).

Imports: In 2018 the top importers of Linseed were Belgium-Luxembourg ($176M), China ($161M), United States ($86.6M), Germany ($82.5M), and Poland ($40.6M).

Tariffs: In 2018 the average tariff for Linseed was 5.08%, been the 4078 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Linseed are Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Linseed ranks 3859th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $245M

Top Destination (2018): Belgium-Luxembourg, $176M

Linseed are the world's 2295th most traded product.

In 2018, the top exporters of Linseed were Canada ($245M), Russia ($152M), Kazakhstan ($145M), Belgium-Luxembourg ($72.4M), and Poland ($44.1M).

In 2018, the top importers of Linseed were Belgium-Luxembourg ($176M), China ($161M), United States ($86.6M), Germany ($82.5M), and Poland ($40.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Kazakhstan, $24.5M

Top Destination Growth (2017 - 2018): United States, $17M

Between 2017 and 2018, the exports of Linseed grew the fastest in Kazakhstan ($24.5M), Belgium-Luxembourg ($19.3M), Poland ($18.5M), Canada ($15.8M), and Netherlands ($4.1M).

Between 2017 and 2018, the fastest growing importers of Linseed were United States ($17M), Latvia ($8.18M), Germany ($8.09M), China ($7.04M), and France ($5.47M).

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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 Linseed.

In 2018,  market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of Linseed are explained by 9 countries.

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TOP NET EXPORTER (2018): Canada, $239M

TOP NET IMPORTER (2018): China, $155M

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

In 2018, the countries that had a largest trade value in exports than in imports of Linseed were Canada ($239M), Russia ($149M), Kazakhstan ($144M), India ($12.4M), and Ukraine ($5.58M).

In 2018, the countries that had a largest trade value in imports than in exports of Linseed were China ($155M), Belgium-Luxembourg ($104M), United States ($78.3M), Germany ($67.8M), and France ($22.1M).

Trade Forecasts

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This section shows forecasts for total trade for Linseed. 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 Linseed was 5.08%.  The countries with the highest tariffs for importing Linseed were Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.