HS Icon Sausages

1601 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.2B, Rnk 489 / 1225

Top Exporter (2018): $783M, Germany

Top Importer (2018): $672M, United Kingdom

Product Complexity (2018): 0.21, Rnk 466 / 1018

Export Growth (CAGR)(2017 - 2018): 13.1%, Rnk 612 / 1225

Mean Tariff (2018): 30.1%, Rnk 26 / 1259

Share of World Trade (2018): 0.028%, Rnk 489 / 1225

Overview: In 2018, Sausages were the world's 489th most traded product, with a total trade of $5.2B. Between 2017 and 2018 the exports of Sausages grew by 13.1%, from  $4.6B to $5.2B. Trade in Sausages represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Sausages  were Germany ($783M), United States ($605M), Italy ($557M), Spain ($470M), and Poland ($352M).

Imports: In 2018 the top importers of Sausages were United Kingdom ($672M), Germany ($643M), France ($386M), Belgium-Luxembourg ($267M), and Canada ($209M).

Tariffs: In 2018 the average tariff for Sausages was 30.1%, been the 26 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sausages are Barbados (174%), Iceland (152%), Turkey (95.9%), India (85%), and Cyprus (75.8%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Sausages ranks 466th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $783M

Top Destination (2018): United Kingdom, $672M

Sausages are the world's 489th most traded product.

In 2018, the top exporters of Sausages were Germany ($783M), United States ($605M), Italy ($557M), Spain ($470M), and Poland ($352M).

In 2018, the top importers of Sausages were United Kingdom ($672M), Germany ($643M), France ($386M), Belgium-Luxembourg ($267M), and Canada ($209M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $101M

Top Destination Growth (2017 - 2018): France, $79.3M

Between 2017 and 2018, the exports of Sausages grew the fastest in Poland ($101M), Spain ($81.2M), Austria ($68.8M), United States ($54M), and Germany ($49.6M).

Between 2017 and 2018, the fastest growing importers of Sausages were France ($79.3M), Germany ($74.4M), United Kingdom ($66.2M), Saudi Arabia ($54.5M), and Belgium-Luxembourg ($40.3M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Sausages.

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Sausages are explained by 22 countries.

TOP NET EXPORTER (2018): United States, $546M

TOP NET IMPORTER (2018): United Kingdom, $630M

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

In 2018, the countries that had a largest trade value in exports than imports of Sausages were United States ($546M), Italy ($491M), Spain ($360M), Poland ($313M), and Austria ($180M).

In 2018, the countries that had a largest trade value in imports than exports of Sausages were United Kingdom ($630M), Japan ($203M), Canada ($174M), Belgium-Luxembourg ($154M), and France ($150M).

Trade Forecasts

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This section shows forecasts for total trade for Sausages. 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 Sausages was 30.1%.  The countries with the highest tariffs for importing Sausages were Barbados (174%), Iceland (152%), Turkey (95.9%), India (85%), and Cyprus (75.8%).

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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.