HS Icon Sowing Seeds

1209 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.08B, Rnk 383 / 1225

Top Exporter (2018): $1.86B, Netherlands

Top Importer (2018): $761M, Netherlands

Product Complexity (2018): -1.21, Rnk 875 / 1018

Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 454 / 1225

Mean Tariff (2018): 4.34%, Rnk 934 / 1259

Share of World Trade (2018): 0.044%, Rnk 383 / 1225

Overview:  This page contains the latest trade data of Sowing Seeds. In 2018, Sowing Seeds were the world's 383rd most traded product, with a total trade of $8.08B. Between 2017 and 2018 the exports of Sowing Seeds grew by 16.6%, from  $6.94B to $8.08B. Trade in Sowing Seeds represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Sowing Seeds  were Netherlands ($1.86B), United States ($1.04B), France ($664M), Germany ($605M), and Denmark ($382M).

Imports: In 2018 the top importers of Sowing Seeds were Netherlands ($761M), United States ($615M), Mexico ($509M), France ($465M), and Germany ($441M).

Tariffs: In 2018 the average tariff for Sowing Seeds was 4.34%, been the 934 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sowing Seeds are Tunisia (36%), Latvia (18.6%), Turkey (17.3%), Thailand (15.2%), and Romania (14.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Madagascar (0%), and Mozambique (0%).

Ranking: Sowing Seeds ranks 875th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $1.86B

Top Destination (2018): Netherlands, $761M

Sowing Seeds are the world's 383rd most traded product.

In 2018, the top exporters of Sowing Seeds were Netherlands ($1.86B), United States ($1.04B), France ($664M), Germany ($605M), and Denmark ($382M).

In 2018, the top importers of Sowing Seeds were Netherlands ($761M), United States ($615M), Mexico ($509M), France ($465M), and Germany ($441M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $613M

Top Destination Growth (2017 - 2018): Mexico, $159M

Between 2017 and 2018, the exports of Sowing Seeds grew the fastest in Netherlands ($613M), United States ($149M), Denmark ($139M), Israel ($128M), and Germany ($86.9M).

Between 2017 and 2018, the fastest growing importers of Sowing Seeds were Mexico ($159M), Egypt ($83.2M), Spain ($79.7M), Canada ($76.3M), and Germany ($75.1M).

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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 Sowing Seeds.

In 2018,  market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Sowing Seeds are explained by 21 countries.

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TOP NET EXPORTER (2018): Netherlands, $1.1B

TOP NET IMPORTER (2018): Mexico, $464M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sowing Seeds were Netherlands ($1.1B), United States ($423M), Denmark ($272M), Chile ($204M), and France ($199M).

In 2018, the countries that had a largest trade value in imports than in exports of Sowing Seeds were Mexico ($464M), Spain ($303M), Russia ($206M), China ($154M), and United Kingdom ($121M).

Trade Forecasts

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This section shows forecasts for total trade for Sowing Seeds. 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 Sowing Seeds was 4.34%.  The countries with the highest tariffs for importing Sowing Seeds were Tunisia (36%), Latvia (18.6%), Turkey (17.3%), Thailand (15.2%), and Romania (14.9%).

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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.