HS Icon Vegetable Saps

1302 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.22B, Rnk 415 / 1225

Top Exporter (2018): $1.38B, China

Top Importer (2018): $1.44B, United States

Product Complexity (2018): -0.84, Rnk 785 / 1018

Export Growth (CAGR)(2017 - 2018): 17.7%, Rnk 400 / 1225

Mean Tariff (2018): 7.31%, Rnk 597 / 1259

Share of World Trade (2018): 0.039%, Rnk 415 / 1225

Overview:  This page contains the latest trade data of Vegetable Saps. In 2018, Vegetable Saps were the world's 415th most traded product, with a total trade of $7.22B. Between 2017 and 2018 the exports of Vegetable Saps grew by 17.7%, from  $6.13B to $7.22B. Trade in Vegetable Saps represent 0.039% of total world trade.

Exports: In 2018 the top exporters of Vegetable Saps  were China ($1.38B), India ($1.04B), Germany ($719M), United States ($640M), and Spain ($450M).

Imports: In 2018 the top importers of Vegetable Saps were United States ($1.44B), Germany ($544M), Japan ($438M), China ($374M), and France ($292M).

Tariffs: In 2018 the average tariff for Vegetable Saps was 7.31%, been the 597 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vegetable Saps are South Korea (80.2%), Tunisia (36%), Iran (31.4%), Bahamas (31.2%), and Poland (30.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Vegetable Saps ranks 785th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.38B

Top Destination (2018): United States, $1.44B

Vegetable Saps are the world's 415th most traded product.

In 2018, the top exporters of Vegetable Saps were China ($1.38B), India ($1.04B), Germany ($719M), United States ($640M), and Spain ($450M).

In 2018, the top importers of Vegetable Saps were United States ($1.44B), Germany ($544M), Japan ($438M), China ($374M), and France ($292M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $381M

Top Destination Growth (2017 - 2018): China, $136M

Between 2017 and 2018, the exports of Vegetable Saps grew the fastest in China ($381M), United States ($140M), India ($126M), Germany ($112M), and Spain ($93.4M).

Between 2017 and 2018, the fastest growing importers of Vegetable Saps were China ($136M), Japan ($107M), Netherlands ($69.7M), Germany ($64.8M), and Hong Kong ($58.2M).

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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 Vegetable Saps.

In 2018,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Vegetable Saps are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $1B

TOP NET IMPORTER (2018): United States, $802M

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

In 2018, the countries that had a largest trade value in exports than in imports of Vegetable Saps were China ($1B), India ($946M), Spain ($259M), Germany ($175M), and Philippines ($131M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetable Saps were United States ($802M), Japan ($395M), Russia ($233M), South Korea ($124M), and Hong Kong ($104M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetable Saps. 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 Vegetable Saps was 7.31%.  The countries with the highest tariffs for importing Vegetable Saps were South Korea (80.2%), Tunisia (36%), Iran (31.4%), Bahamas (31.2%), and Poland (30.9%).

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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.