HS Icon Hops

1210 (Harmonized System 1992 for 4-digit)

World Trade (2018): $708M, Rnk 975 / 1225

Top Exporter (2018): $291M, Germany

Top Importer (2018): $70.3M, Germany

Product Complexity (2018): 0.0051, Rnk 547 / 1018

Export Growth (CAGR)(2017 - 2018): 13.4%, Rnk 597 / 1225

Mean Tariff (2018): 6.65%, Rnk 642 / 1259

Share of World Trade (2018): 0.0038%, Rnk 975 / 1225

Overview:  This page contains the latest trade data of Hops. In 2018, Hops were the world's 975th most traded product, with a total trade of $708M. Between 2017 and 2018 the exports of Hops grew by 13.4%, from  $624M to $708M. Trade in Hops represent 0.0038% of total world trade.

Exports: In 2018 the top exporters of Hops  were Germany ($291M), United States ($195M), Czechia ($58.1M), Slovenia ($33.5M), and Belgium-Luxembourg ($29.3M).

Imports: In 2018 the top importers of Hops were Germany ($70.3M), United States ($64.6M), United Kingdom ($57.2M), Belgium-Luxembourg ($48M), and Japan ($46.6M).

Tariffs: In 2018 the average tariff for Hops was 6.65%, been the 642 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hops are Tunisia (36%), Bahamas (31.2%), Turkey (26.7%), India (25%), and Morocco (24.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Hops ranks 547th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $291M

Top Destination (2018): Germany, $70.3M

Hops are the world's 975th most traded product.

In 2018, the top exporters of Hops were Germany ($291M), United States ($195M), Czechia ($58.1M), Slovenia ($33.5M), and Belgium-Luxembourg ($29.3M).

In 2018, the top importers of Hops were Germany ($70.3M), United States ($64.6M), United Kingdom ($57.2M), Belgium-Luxembourg ($48M), and Japan ($46.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $34.4M

Top Destination Growth (2017 - 2018): Belgium-Luxembourg, $16.8M

Between 2017 and 2018, the exports of Hops grew the fastest in Germany ($34.4M), Belgium-Luxembourg ($17.9M), United States ($15.8M), New Zealand ($6.29M), and Slovenia ($4.34M).

Between 2017 and 2018, the fastest growing importers of Hops were Belgium-Luxembourg ($16.8M), Brazil ($11.2M), Canada ($10M), China ($6.01M), and France ($5.05M).

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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 Hops.

In 2018,  market concentration measured using Shannon Entropy, was 2.63. This means that most of the exports of Hops are explained by 6 countries.

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TOP NET EXPORTER (2018): Germany, $221M

TOP NET IMPORTER (2018): Japan, $46.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hops were Germany ($221M), United States ($130M), Czechia ($48.1M), Slovenia ($27.3M), and New Zealand ($10.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Hops were Japan ($46.5M), China ($43.9M), Russia ($41.6M), Canada ($40.9M), and Brazil ($32.7M).

Trade Forecasts

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This section shows forecasts for total trade for Hops. 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 Hops was 6.65%.  The countries with the highest tariffs for importing Hops were Tunisia (36%), Bahamas (31.2%), Turkey (26.7%), India (25%), and Morocco (24.2%).

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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.