HS Icon Seed, rye grass, for sowing

120925 (Harmonized System 1992 for 6-digit)

World Trade (2018): $401M, Rnk 3017 / 4726

Top Exporter (2018): $92.2M, United States

Top Importer (2018): $66.6M, Germany

Product Complexity (2018): 0.64, Rnk 1405 / 4873

Export Growth (CAGR)(2017 - 2018): 15.6%, Rnk 1831 / 4726

Mean Tariff (2018): 4.91%, Rnk 4201 / 6538

Share of World Trade (2018): 0.0022%, Rnk 3017 / 4726

Overview:  This page contains the latest trade data of Seed, rye grass, for sowing. In 2018, Seed, rye grass, for sowing were the world's 3017th most traded product, with a total trade of $401M. Between 2017 and 2018 the exports of Seed, rye grass, for sowing grew by 15.6%, from  $347M to $401M. Trade in Seed, rye grass, for sowing represent 0.0022% of total world trade.

Exports: In 2018 the top exporters of Seed, rye grass, for sowing  were United States ($92.2M), Denmark ($71.7M), Netherlands ($53M), Germany ($39.7M), and New Zealand ($38.4M).

Imports: In 2018 the top importers of Seed, rye grass, for sowing were Germany ($66.6M), China ($44.8M), Netherlands ($32.2M), United Kingdom ($25.4M), and France ($23.1M).

Tariffs: In 2018 the average tariff for Seed, rye grass, for sowing was 4.91%, been the 4201 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Seed, rye grass, for sowing are Tunisia (36%), Latvia (25.3%), Turkey (18.7%), Romania (15.7%), and India (12.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Madagascar (0%), and Mozambique (0%).

Ranking: Seed, rye grass, for sowing ranks 1405th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $92.2M

Top Destination (2018): Germany, $66.6M

Seed, rye grass, for sowing are the world's 3017th most traded product.

In 2018, the top exporters of Seed, rye grass, for sowing were United States ($92.2M), Denmark ($71.7M), Netherlands ($53M), Germany ($39.7M), and New Zealand ($38.4M).

In 2018, the top importers of Seed, rye grass, for sowing were Germany ($66.6M), China ($44.8M), Netherlands ($32.2M), United Kingdom ($25.4M), and France ($23.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $18.8M

Top Destination Growth (2017 - 2018): Germany, $18.3M

Between 2017 and 2018, the exports of Seed, rye grass, for sowing grew the fastest in Netherlands ($18.8M), United States ($13M), Poland ($7.88M), Germany ($4.61M), and Italy ($3.08M).

Between 2017 and 2018, the fastest growing importers of Seed, rye grass, for sowing were Germany ($18.3M), United Kingdom ($7.82M), Netherlands ($7.67M), South Korea ($7.48M), and Denmark ($5.01M).

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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 Seed, rye grass, for sowing.

In 2018,  market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Seed, rye grass, for sowing are explained by 11 countries.

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TOP NET EXPORTER (2018): United States, $78.7M

TOP NET IMPORTER (2018): China, $44.2M

This map shows which countries export or import more of Seed, rye grass, for sowing. Each country is colored based on the difference in exports and imports of Seed, rye grass, for sowing during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Seed, rye grass, for sowing were United States ($78.7M), Denmark ($61.5M), New Zealand ($38M), Netherlands ($20.8M), and Poland ($12.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Seed, rye grass, for sowing were China ($44.2M), Germany ($26.9M), United Kingdom ($18.7M), France ($17.9M), and Australia ($14.4M).

Trade Forecasts

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This section shows forecasts for total trade for Seed, rye grass, for sowing. 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 Seed, rye grass, for sowing was 4.91%.  The countries with the highest tariffs for importing Seed, rye grass, for sowing were Tunisia (36%), Latvia (25.3%), Turkey (18.7%), Romania (15.7%), and India (12.3%).

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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.