HS Icon Tuna, skipjack, bonito, prepared/preserved, not mince

160414 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.92B, Rnk 405 / 4726

Top Exporter (2018): $2.23B, Thailand

Top Importer (2018): $997M, United States

Product Complexity (2018): -2.1, Rnk 4781 / 4873

Export Growth (CAGR)(2017 - 2018): 20.8%, Rnk 1320 / 4726

Mean Tariff (2018): 16.4%, Rnk 911 / 6538

Share of World Trade (2018): 0.043%, Rnk 405 / 4726

Overview:  This page contains the latest trade data of Tuna, skipjack, bonito, prepared/preserved, not mince. In 2018, Tuna, skipjack, bonito, prepared/preserved, not mince were the world's 405th most traded product, with a total trade of $7.92B. Between 2017 and 2018 the exports of Tuna, skipjack, bonito, prepared/preserved, not mince grew by 20.8%, from  $6.56B to $7.92B. Trade in Tuna, skipjack, bonito, prepared/preserved, not mince represent 0.043% of total world trade.

Exports: In 2018 the top exporters of Tuna, skipjack, bonito, prepared/preserved, not mince  were Thailand ($2.23B), Ecuador ($1.12B), Spain ($693M), China ($454M), and Indonesia ($389M).

Imports: In 2018 the top importers of Tuna, skipjack, bonito, prepared/preserved, not mince were United States ($997M), Italy ($781M), Spain ($665M), France ($525M), and United Kingdom ($502M).

Tariffs: In 2018 the average tariff for Tuna, skipjack, bonito, prepared/preserved, not mince was 16.4%, been the 911 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Tuna, skipjack, bonito, prepared/preserved, not mince are Turkey (75.9%), Thailand (40.3%), Iran (40%), Cape Verde (40%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Tuna, skipjack, bonito, prepared/preserved, not mince ranks 4781st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $2.23B

Top Destination (2018): United States, $997M

Tuna, skipjack, bonito, prepared/preserved, not mince are the world's 405th most traded product.

In 2018, the top exporters of Tuna, skipjack, bonito, prepared/preserved, not mince were Thailand ($2.23B), Ecuador ($1.12B), Spain ($693M), China ($454M), and Indonesia ($389M).

In 2018, the top importers of Tuna, skipjack, bonito, prepared/preserved, not mince were United States ($997M), Italy ($781M), Spain ($665M), France ($525M), and United Kingdom ($502M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $733M

Top Destination Growth (2017 - 2018): Canada, $149M

Between 2017 and 2018, the exports of Tuna, skipjack, bonito, prepared/preserved, not mince grew the fastest in Thailand ($733M), China ($115M), Netherlands ($102M), Ecuador ($61.4M), and Indonesia ($52.5M).

Between 2017 and 2018, the fastest growing importers of Tuna, skipjack, bonito, prepared/preserved, not mince were Canada ($149M), Saudi Arabia ($117M), Libya ($109M), Egypt ($94M), and Thailand ($71.3M).

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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 Tuna, skipjack, bonito, prepared/preserved, not mince.

In 2018,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Tuna, skipjack, bonito, prepared/preserved, not mince are explained by 15 countries.

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TOP NET EXPORTER (2018): Thailand, $2.11B

TOP NET IMPORTER (2018): United States, $968M

This map shows which countries export or import more of Tuna, skipjack, bonito, prepared/preserved, not mince. Each country is colored based on the difference in exports and imports of Tuna, skipjack, bonito, prepared/preserved, not mince during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tuna, skipjack, bonito, prepared/preserved, not mince were Thailand ($2.11B), Ecuador ($1.11B), China ($438M), Indonesia ($387M), and Philippines ($376M).

In 2018, the countries that had a largest trade value in imports than in exports of Tuna, skipjack, bonito, prepared/preserved, not mince were United States ($968M), Italy ($574M), France ($504M), United Kingdom ($476M), and Germany ($365M).

Trade Forecasts

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This section shows forecasts for total trade for Tuna, skipjack, bonito, prepared/preserved, not mince. 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 Tuna, skipjack, bonito, prepared/preserved, not mince was 16.4%.  The countries with the highest tariffs for importing Tuna, skipjack, bonito, prepared/preserved, not mince were Turkey (75.9%), Thailand (40.3%), Iran (40%), Cape Verde (40%), 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.