HS Icon Processed Fish

1604 (Harmonized System 1992 for 4-digit)

World Trade (2018): $17.9B, Rnk 206 / 1225

Top Exporter (2018): $3.17B, China

Top Importer (2018): $1.92B, United States

Product Complexity (2018): -1.3, Rnk 900 / 1018

Export Growth (CAGR)(2017 - 2018): 21.5%, Rnk 303 / 1225

Mean Tariff (2018): 16.3%, Rnk 161 / 1259

Share of World Trade (2018): 0.097%, Rnk 206 / 1225

Overview: In 2018, Processed Fish were the world's 206th most traded product, with a total trade of $17.9B. Between 2017 and 2018 the exports of Processed Fish grew by 21.5%, from  $14.8B to $17.9B. Trade in Processed Fish represent 0.097% of total world trade.

Exports: In 2018 the top exporters of Processed Fish  were China ($3.17B), Thailand ($2.97B), Ecuador ($1.23B), Spain ($978M), and Germany ($780M).

Imports: In 2018 the top importers of Processed Fish were United States ($1.92B), Japan ($1.7B), Italy ($1.28B), Germany ($1.13B), and United Kingdom ($999M).

Tariffs: In 2018 the average tariff for Processed Fish was 16.3%, been the 161 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Processed Fish are Turkey (76.1%), Cape Verde (40%), Thailand (38.1%), Morocco (35.1%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Processed Fish ranks 900th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.17B

Top Destination (2018): United States, $1.92B

Processed Fish are the world's 206th most traded product.

In 2018, the top exporters of Processed Fish were China ($3.17B), Thailand ($2.97B), Ecuador ($1.23B), Spain ($978M), and Germany ($780M).

In 2018, the top importers of Processed Fish were United States ($1.92B), Japan ($1.7B), Italy ($1.28B), Germany ($1.13B), and United Kingdom ($999M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $989M

Top Destination Growth (2017 - 2018): United States, $277M

Between 2017 and 2018, the exports of Processed Fish grew the fastest in China ($989M), Thailand ($920M), Morocco ($254M), Netherlands ($131M), and Poland ($128M).

Between 2017 and 2018, the fastest growing importers of Processed Fish were United States ($277M), Canada ($173M), Japan ($161M), Germany ($157M), and Mexico ($135M).

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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 Processed Fish.

In 2018,  market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Processed Fish are explained by 25 countries.

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TOP NET EXPORTER (2018): China, $3.05B

TOP NET IMPORTER (2018): United States, $1.56B

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

In 2018, the countries that had a largest trade value in exports than in imports of Processed Fish were China ($3.05B), Thailand ($2.78B), Ecuador ($1.22B), Morocco ($711M), and Vietnam ($508M).

In 2018, the countries that had a largest trade value in imports than in exports of Processed Fish were United States ($1.56B), Japan ($1.51B), Italy ($983M), United Kingdom ($869M), and France ($769M).

Trade Forecasts

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This section shows forecasts for total trade for Processed Fish. 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 Processed Fish was 16.3%.  The countries with the highest tariffs for importing Processed Fish were Turkey (76.1%), Cape Verde (40%), Thailand (38.1%), Morocco (35.1%), 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.