Overview: In 2018, Foodstuffs were the world's 9th most traded product, with a total trade of $618B. Between 2017 and 2018 the exports of Foodstuffs grew by 11.1%, from $556B to $618B. Trade in Foodstuffs represent 3.36% of total world trade.
Exports: In 2018 the top exporters of Foodstuffs were United States ($46.4B), Germany ($45.3B), France ($39.2B), Netherlands ($38.3B), and China ($31.9B).
Imports: In 2018 the top importers of Foodstuffs were United States ($69.1B), Germany ($39.6B), United Kingdom ($34.2B), France ($28.1B), and Netherlands ($27.9B).
Tariffs: In 2018 the average tariff for Foodstuffs was 23.6%, been the 2 lowest tariff using the Section product classification.
The countries with the highest import tariffs for Foodstuffs are Egypt (148%), United States (114%), Austria (91.9%), Cyprus (74%), and Turkey (52.1%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0.36%), and Australia (1.42%).
Ranking: Foodstuffs ranks 16th in the Product Complexity Index (PCI).