HS Icon Raw Sugar

1701 (Harmonized System 1992 for 4-digit)

World Trade (2018): $23.6B, Rnk 162 / 1225

Top Exporter (2018): $6.67B, Brazil

Top Importer (2018): $1.6B, China

Product Complexity (2018): -1.72, Rnk 974 / 1018

Export Growth (CAGR)(2017 - 2018): -17.1%, Rnk 1201 / 1225

Mean Tariff (2018): 35%, Rnk 11 / 1259

Share of World Trade (2018): 0.13%, Rnk 162 / 1225

Overview: In 2018, Raw Sugar were the world's 162nd most traded product, with a total trade of $23.6B. Between 2017 and 2018 the exports of Raw Sugar decreased by -17.1%, from  $28.5B to $23.6B. Trade in Raw Sugar represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Raw Sugar  were Brazil ($6.67B), Thailand ($2.94B), France ($1.42B), Australia ($1.08B), and India ($935M).

Imports: In 2018 the top importers of Raw Sugar were China ($1.6B), United States ($1.55B), Indonesia ($1.32B), Algeria ($688M), and Italy ($681M).

Tariffs: In 2018 the average tariff for Raw Sugar was 35%, been the 11 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Sugar are Finland (159%), Turkey (134%), Poland (95.8%), Thailand (91.5%), and India (90.8%). The countries with the lowest tariffs are Angola (0%), South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), and Japan (0%).

Ranking: Raw Sugar ranks 974th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Brazil, $6.67B

Top Destination (2018): China, $1.6B

Raw Sugar are the world's 162nd most traded product.

In 2018, the top exporters of Raw Sugar were Brazil ($6.67B), Thailand ($2.94B), France ($1.42B), Australia ($1.08B), and India ($935M).

In 2018, the top importers of Raw Sugar were China ($1.6B), United States ($1.55B), Indonesia ($1.32B), Algeria ($688M), and Italy ($681M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $921M

Top Destination Growth (2017 - 2018): China, $451M

Between 2017 and 2018, the exports of Raw Sugar grew the fastest in Thailand ($921M), Burma ($308M), Pakistan ($228M), Belgium-Luxembourg ($142M), and South Africa ($120M).

Between 2017 and 2018, the fastest growing importers of Raw Sugar were China ($451M), Canada ($379M), Cambodia ($217M), Chinese Taipei ($209M), and Uzbekistan ($194M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Raw Sugar.

In 2018,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Raw Sugar are explained by 22 countries.

TOP NET EXPORTER (2018): Brazil, $6.67B

TOP NET IMPORTER (2018): China, $1.5B

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

In 2018, the countries that had a largest trade value in exports than imports of Raw Sugar were Brazil ($6.67B), Thailand ($2.93B), France ($1.2B), Australia ($1.07B), and Mexico ($618M).

In 2018, the countries that had a largest trade value in imports than exports of Raw Sugar were China ($1.5B), United States ($1.44B), Indonesia ($1.32B), Italy ($649M), and Algeria ($596M).

Trade Forecasts

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This section shows forecasts for total trade for Raw Sugar. 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 Raw Sugar was 35%.  The countries with the highest tariffs for importing Raw Sugar were Finland (159%), Turkey (134%), Poland (95.8%), Thailand (91.5%), and India (90.8%).

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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.