HS Icon Locust beans, seaweed, sugar beet, cane, for food

1212 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.11B, Rnk 889 / 1225

Top Exporter (2018): $404M, China

Top Importer (2018): $108M, Spain

Product Complexity (2018): -1.78, Rnk 980 / 1018

Export Growth (CAGR)(2017 - 2018): 22.4%, Rnk 281 / 1225

Mean Tariff (2018): 7.5%, Rnk 585 / 1259

Share of World Trade (2018): 0.006%, Rnk 889 / 1225

Overview:  This page contains the latest trade data of Locust beans, seaweed, sugar beet, cane, for food. In 2018, Locust beans, seaweed, sugar beet, cane, for food were the world's 889th most traded product, with a total trade of $1.11B. Between 2017 and 2018 the exports of Locust beans, seaweed, sugar beet, cane, for food grew by 22.4%, from  $907M to $1.11B. Trade in Locust beans, seaweed, sugar beet, cane, for food represent 0.006% of total world trade.

Exports: In 2018 the top exporters of Locust beans, seaweed, sugar beet, cane, for food  were China ($404M), South Africa ($82.9M), Morocco ($80.5M), Germany ($49.4M), and Burma ($45.2M).

Imports: In 2018 the top importers of Locust beans, seaweed, sugar beet, cane, for food were Spain ($108M), Germany ($102M), China ($98.9M), United States ($96.4M), and Japan ($50.4M).

Tariffs: In 2018 the average tariff for Locust beans, seaweed, sugar beet, cane, for food was 7.5%, been the 585 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Locust beans, seaweed, sugar beet, cane, for food are Iran (36.3%), Tunisia (36%), Bahamas (31.6%), Hungary (25.4%), and Zimbabwe (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Locust beans, seaweed, sugar beet, cane, for food ranks 980th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $404M

Top Destination (2018): Spain, $108M

Locust beans, seaweed, sugar beet, cane, for food are the world's 889th most traded product.

In 2018, the top exporters of Locust beans, seaweed, sugar beet, cane, for food were China ($404M), South Africa ($82.9M), Morocco ($80.5M), Germany ($49.4M), and Burma ($45.2M).

In 2018, the top importers of Locust beans, seaweed, sugar beet, cane, for food were Spain ($108M), Germany ($102M), China ($98.9M), United States ($96.4M), and Japan ($50.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $65.1M

Top Destination Growth (2017 - 2018): Spain, $53.3M

Between 2017 and 2018, the exports of Locust beans, seaweed, sugar beet, cane, for food grew the fastest in China ($65.1M), South Africa ($21.1M), Morocco ($20.5M), Germany ($19M), and Portugal ($14.9M).

Between 2017 and 2018, the fastest growing importers of Locust beans, seaweed, sugar beet, cane, for food were Spain ($53.3M), United States ($27.5M), China ($18.5M), Vietnam ($16.6M), and Russia ($14M).

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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 Locust beans, seaweed, sugar beet, cane, for food.

In 2018,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Locust beans, seaweed, sugar beet, cane, for food are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $305M

TOP NET IMPORTER (2018): United States, $89.9M

This map shows which countries export or import more of Locust beans, seaweed, sugar beet, cane, for food. Each country is colored based on the difference in exports and imports of Locust beans, seaweed, sugar beet, cane, for food during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Locust beans, seaweed, sugar beet, cane, for food were China ($305M), South Africa ($82M), Morocco ($76.2M), Burma ($44.7M), and Laos ($30.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Locust beans, seaweed, sugar beet, cane, for food were United States ($89.9M), Spain ($69.6M), Germany ($52.1M), Vietnam ($39.2M), and Japan ($35M).

Trade Forecasts

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This section shows forecasts for total trade for Locust beans, seaweed, sugar beet, cane, for food. 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 Locust beans, seaweed, sugar beet, cane, for food was 7.5%.  The countries with the highest tariffs for importing Locust beans, seaweed, sugar beet, cane, for food were Iran (36.3%), Tunisia (36%), Bahamas (31.6%), Hungary (25.4%), and Zimbabwe (25%).

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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.