HS Icon Sugar beet

121291 (Harmonized System 1992 for 6-digit)

World Trade (2018): $47.2M, Rnk 4396 / 4726

Top Exporter (2018): $15.2M, Germany

Top Importer (2018): $12.3M, Switzerland

Product Complexity (2018): 0.05, Rnk 2540 / 4873

Export Growth (CAGR)(2017 - 2018): 50.8%, Rnk 319 / 4726

Mean Tariff (2018): 11.5%, Rnk 1865 / 6538

Share of World Trade (2018): 0.00026%, Rnk 4396 / 4726

Overview:  This page contains the latest trade data of Sugar beet. In 2018, Sugar beet were the world's 4396th most traded product, with a total trade of $47.2M. Between 2017 and 2018 the exports of Sugar beet grew by 50.8%, from  $31.3M to $47.2M. Trade in Sugar beet represent 0.00026% of total world trade.

Exports: In 2018 the top exporters of Sugar beet  were Germany ($15.2M), Slovakia ($5.85M), Hungary ($4.71M), Austria ($4.66M), and Belgium-Luxembourg ($3.28M).

Imports: In 2018 the top importers of Sugar beet were Switzerland ($12.3M), Czechia ($9.07M), Croatia ($5.16M), Netherlands ($4.33M), and Austria ($2.38M).

Tariffs: In 2018 the average tariff for Sugar beet was 11.5%, been the 1865 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sugar beet are Cyprus (74%), Austria (74%), Belgium (74%), Bulgaria (74%), and Czechia (74%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Sugar beet ranks 2540th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $15.2M

Top Destination (2018): Switzerland, $12.3M

Sugar beet are the world's 4396th most traded product.

In 2018, the top exporters of Sugar beet were Germany ($15.2M), Slovakia ($5.85M), Hungary ($4.71M), Austria ($4.66M), and Belgium-Luxembourg ($3.28M).

In 2018, the top importers of Sugar beet were Switzerland ($12.3M), Czechia ($9.07M), Croatia ($5.16M), Netherlands ($4.33M), and Austria ($2.38M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Hungary, $4.68M

Top Destination Growth (2017 - 2018): Croatia, $4.94M

Between 2017 and 2018, the exports of Sugar beet grew the fastest in Hungary ($4.68M), Germany ($4.33M), Slovakia ($2.59M), Slovenia ($1.76M), and Poland ($1.5M).

Between 2017 and 2018, the fastest growing importers of Sugar beet were Croatia ($4.94M), Switzerland ($2.43M), Austria ($1.64M), Netherlands ($1.53M), and Slovakia ($1.51M).

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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 Sugar beet.

In 2018,  market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Sugar beet are explained by 11 countries.

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TOP NET EXPORTER (2018): Germany, $13.9M

TOP NET IMPORTER (2018): Switzerland, $12.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sugar beet were Germany ($13.9M), Slovakia ($4.28M), Hungary ($3.59M), Belgium-Luxembourg ($3.04M), and Austria ($2.29M).

In 2018, the countries that had a largest trade value in imports than in exports of Sugar beet were Switzerland ($12.1M), Czechia ($8.37M), Croatia ($4.39M), Netherlands ($3.51M), and Russia ($1.29M).

Trade Forecasts

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This section shows forecasts for total trade for Sugar beet. 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 Sugar beet was 11.5%.  The countries with the highest tariffs for importing Sugar beet were Cyprus (74%), Austria (74%), Belgium (74%), Bulgaria (74%), and Czechia (74%).

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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.