HS Icon Margarine

1517 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.77B, Rnk 467 / 1225

Top Exporter (2018): $789M, Indonesia

Top Importer (2018): $401M, France

Product Complexity (2018): -0.75, Rnk 760 / 1018

Export Growth (CAGR)(2017 - 2018): 5.71%, Rnk 950 / 1225

Mean Tariff (2018): 19.1%, Rnk 125 / 1259

Share of World Trade (2018): 0.031%, Rnk 467 / 1225

Overview: In 2018, Margarine were the world's 467th most traded product, with a total trade of $5.77B. Between 2017 and 2018 the exports of Margarine grew by 5.71%, from  $5.46B to $5.77B. Trade in Margarine represent 0.031% of total world trade.

Exports: In 2018 the top exporters of Margarine  were Indonesia ($789M), Belgium-Luxembourg ($653M), Netherlands ($613M), United States ($398M), and Malaysia ($383M).

Imports: In 2018 the top importers of Margarine were France ($401M), Germany ($386M), China ($381M), Netherlands ($265M), and United States ($201M).

Tariffs: In 2018 the average tariff for Margarine was 19.1%, been the 125 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Margarine are Hungary (40%), Romania (39.2%), Zimbabwe (36.5%), Tunisia (36%), and Sudan (35%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Aruba (0%), and Bahamas (0%).

Ranking: Margarine ranks 760th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $789M

Top Destination (2018): France, $401M

Margarine are the world's 467th most traded product.

In 2018, the top exporters of Margarine were Indonesia ($789M), Belgium-Luxembourg ($653M), Netherlands ($613M), United States ($398M), and Malaysia ($383M).

In 2018, the top importers of Margarine were France ($401M), Germany ($386M), China ($381M), Netherlands ($265M), and United States ($201M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $105M

Top Destination Growth (2017 - 2018): Germany, $62.9M

Between 2017 and 2018, the exports of Margarine grew the fastest in Indonesia ($105M), Belgium-Luxembourg ($76.3M), Poland ($40M), Portugal ($29.7M), and Sweden ($27.2M).

Between 2017 and 2018, the fastest growing importers of Margarine were Germany ($62.9M), Netherlands ($56M), France ($37M), Algeria ($32.5M), and United Kingdom ($29M).

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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 Margarine.

In 2018,  market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Margarine are explained by 25 countries.

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TOP NET EXPORTER (2018): Indonesia, $755M

TOP NET IMPORTER (2018): China, $349M

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

In 2018, the countries that had a largest trade value in exports than in imports of Margarine were Indonesia ($755M), Belgium-Luxembourg ($530M), Malaysia ($364M), Netherlands ($348M), and Sweden ($231M).

In 2018, the countries that had a largest trade value in imports than in exports of Margarine were China ($349M), France ($342M), Ireland ($105M), United Kingdom ($99.5M), and Iraq ($92.7M).

Trade Forecasts

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This section shows forecasts for total trade for Margarine. 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 Margarine was 19.1%.  The countries with the highest tariffs for importing Margarine were Hungary (40%), Romania (39.2%), Zimbabwe (36.5%), Tunisia (36%), and Sudan (35%).

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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.