HS Icon Rapeseed

1205 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10.5B, Rnk 319 / 1225

Top Exporter (2018): $4.45B, Canada

Top Importer (2018): $2.36B, Germany

Product Complexity (2018): -0.2, Rnk 609 / 1018

Export Growth (CAGR)(2017 - 2018): -6.81%, Rnk 1154 / 1225

Mean Tariff (2018): 6.2%, Rnk 680 / 1259

Share of World Trade (2018): 0.057%, Rnk 319 / 1225

Overview:  This page contains the latest trade data of Rapeseed. In 2018, Rapeseed were the world's 319th most traded product, with a total trade of $10.5B. Between 2017 and 2018 the exports of Rapeseed decreased by -6.81%, from  $11.2B to $10.5B. Trade in Rapeseed represent 0.057% of total world trade.

Exports: In 2018 the top exporters of Rapeseed  were Canada ($4.45B), Ukraine ($1.01B), Australia ($945M), France ($743M), and Romania ($569M).

Imports: In 2018 the top importers of Rapeseed were Germany ($2.36B), China ($2.18B), Japan ($1.08B), Belgium-Luxembourg ($885M), and Mexico ($569M).

Tariffs: In 2018 the average tariff for Rapeseed was 6.2%, been the 680 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rapeseed are Slovakia (43.8%), Czechia (43.8%), Bahamas (31.2%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Rapeseed ranks 609th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $4.45B

Top Destination (2018): Germany, $2.36B

Rapeseed are the world's 319th most traded product.

In 2018, the top exporters of Rapeseed were Canada ($4.45B), Ukraine ($1.01B), Australia ($945M), France ($743M), and Romania ($569M).

In 2018, the top importers of Rapeseed were Germany ($2.36B), China ($2.18B), Japan ($1.08B), Belgium-Luxembourg ($885M), and Mexico ($569M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $149M

Top Destination Growth (2017 - 2018): Belarus, $96.8M

Between 2017 and 2018, the exports of Rapeseed grew the fastest in Belgium-Luxembourg ($149M), Russia ($127M), Ukraine ($123M), Croatia ($45.1M), and United States ($37.7M).

Between 2017 and 2018, the fastest growing importers of Rapeseed were Belarus ($96.8M), Poland ($91.4M), China ($61.6M), Denmark ($52.5M), and Canada ($31.7M).

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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 Rapeseed.

In 2018,  market concentration measured using Shannon Entropy, was 3.27. This means that most of the exports of Rapeseed are explained by 9 countries.

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TOP NET EXPORTER (2018): Canada, $4.32B

TOP NET IMPORTER (2018): Germany, $2.19B

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

In 2018, the countries that had a largest trade value in exports than in imports of Rapeseed were Canada ($4.32B), Ukraine ($977M), Australia ($941M), Romania ($479M), and Hungary ($259M).

In 2018, the countries that had a largest trade value in imports than in exports of Rapeseed were Germany ($2.19B), China ($2.18B), Japan ($1.06B), Belgium-Luxembourg ($635M), and Mexico ($569M).

Trade Forecasts

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This section shows forecasts for total trade for Rapeseed. 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 Rapeseed was 6.2%.  The countries with the highest tariffs for importing Rapeseed were Slovakia (43.8%), Czechia (43.8%), Bahamas (31.2%), Cameroon (29.4%), and Gabon (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.