HS Icon Seed, forage plants, for sowing nes

120929 (Harmonized System 1992 for 6-digit)

World Trade (2018): $586M, Rnk 2617 / 4726

Top Exporter (2018): $94.2M, United States

Top Importer (2018): $51.2M, France

Product Complexity (2018): -0.84, Rnk 3819 / 4873

Export Growth (CAGR)(2017 - 2018): -0.72%, Rnk 3897 / 4726

Mean Tariff (2018): 7.81%, Rnk 2908 / 6538

Share of World Trade (2018): 0.0032%, Rnk 2617 / 4726

Overview:  This page contains the latest trade data of Seed, forage plants, for sowing nes. In 2018, Seed, forage plants, for sowing nes were the world's 2617th most traded product, with a total trade of $586M. Between 2017 and 2018 the exports of Seed, forage plants, for sowing nes decreased by -0.72%, from  $590M to $586M. Trade in Seed, forage plants, for sowing nes represent 0.0032% of total world trade.

Exports: In 2018 the top exporters of Seed, forage plants, for sowing nes  were United States ($94.2M), Denmark ($80.8M), Netherlands ($54.1M), Germany ($49.2M), and Brazil ($46.7M).

Imports: In 2018 the top importers of Seed, forage plants, for sowing nes were France ($51.2M), Germany ($44.1M), China ($33.8M), United States ($32M), and South Korea ($31.2M).

Tariffs: In 2018 the average tariff for Seed, forage plants, for sowing nes was 7.81%, been the 2908 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Seed, forage plants, for sowing nes are Finland (52.9%), Tunisia (36%), Cyprus (21.6%), Latvia (20.3%), and Turkey (18.7%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Madagascar (0%), and Mozambique (0%).

Ranking: Seed, forage plants, for sowing nes ranks 3819th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $94.2M

Top Destination (2018): France, $51.2M

Seed, forage plants, for sowing nes are the world's 2617th most traded product.

In 2018, the top exporters of Seed, forage plants, for sowing nes were United States ($94.2M), Denmark ($80.8M), Netherlands ($54.1M), Germany ($49.2M), and Brazil ($46.7M).

In 2018, the top importers of Seed, forage plants, for sowing nes were France ($51.2M), Germany ($44.1M), China ($33.8M), United States ($32M), and South Korea ($31.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Denmark, $18.9M

Top Destination Growth (2017 - 2018): China, $13M

Between 2017 and 2018, the exports of Seed, forage plants, for sowing nes grew the fastest in Denmark ($18.9M), United States ($18.6M), Netherlands ($15.2M), Germany ($10.1M), and Poland ($6.44M).

Between 2017 and 2018, the fastest growing importers of Seed, forage plants, for sowing nes were China ($13M), Germany ($11M), Denmark ($10.1M), Belgium-Luxembourg ($7.56M), and Saudi Arabia ($6.35M).

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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, forage plants, for sowing nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Seed, forage plants, for sowing nes are explained by 19 countries.

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TOP NET EXPORTER (2018): Denmark, $70.7M

TOP NET IMPORTER (2018): China, $32.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Seed, forage plants, for sowing nes were Denmark ($70.7M), United States ($62.2M), Brazil ($42.2M), Australia ($39.7M), and Netherlands ($30.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Seed, forage plants, for sowing nes were China ($32.1M), France ($26.2M), Mexico ($19.5M), Russia ($16.3M), and Belgium-Luxembourg ($16M).

Trade Forecasts

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This section shows forecasts for total trade for Seed, forage plants, for sowing nes. 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, forage plants, for sowing nes was 7.81%.  The countries with the highest tariffs for importing Seed, forage plants, for sowing nes were Finland (52.9%), Tunisia (36%), Cyprus (21.6%), Latvia (20.3%), and Turkey (18.7%).

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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.