HS Icon Raw sugar, beet

170112 (Harmonized System 1992 for 6-digit)

World Trade (2018): $210M, Rnk 3622 / 4726

Top Exporter (2018): $49M, United Kingdom

Top Importer (2018): $34.8M, Israel

Export Growth (CAGR)(2017 - 2018): -11.6%, Rnk 4358 / 4726

Mean Tariff (2018): 22.2%, Rnk 471 / 6538

Share of World Trade (2018): 0.0011%, Rnk 3622 / 4726

Overview:  This page contains the latest trade data of Raw sugar, beet. In 2018, Raw sugar, beet were the world's 3622nd most traded product, with a total trade of $210M. Between 2017 and 2018 the exports of Raw sugar, beet decreased by -11.6%, from  $237M to $210M. Trade in Raw sugar, beet represent 0.0011% of total world trade.

Exports: In 2018 the top exporters of Raw sugar, beet  were United Kingdom ($49M), Saudi Arabia ($27.3M), Belgium-Luxembourg ($23.1M), Poland ($21.1M), and Germany ($11.8M).

Imports: In 2018 the top importers of Raw sugar, beet were Israel ($34.8M), Jordan ($27.3M), Ireland ($20.8M), Spain ($18.3M), and Italy ($13.8M).

Tariffs: In 2018 the average tariff for Raw sugar, beet was 22.2%, been the 471 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Raw sugar, beet are Turkey (134%), Poland (95.8%), Tanzania (95.3%), Kenya (94.2%), and Uganda (94.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and Hong Kong (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $49M

Top Destination (2018): Israel, $34.8M

Raw sugar, beet are the world's 3622nd most traded product.

In 2018, the top exporters of Raw sugar, beet were United Kingdom ($49M), Saudi Arabia ($27.3M), Belgium-Luxembourg ($23.1M), Poland ($21.1M), and Germany ($11.8M).

In 2018, the top importers of Raw sugar, beet were Israel ($34.8M), Jordan ($27.3M), Ireland ($20.8M), Spain ($18.3M), and Italy ($13.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $27.2M

Top Destination Growth (2017 - 2018): Jordan, $27.3M

Between 2017 and 2018, the exports of Raw sugar, beet grew the fastest in Saudi Arabia ($27.2M), United Kingdom ($21.6M), Belgium-Luxembourg ($17.4M), Thailand ($2.64M), and Germany ($2.59M).

Between 2017 and 2018, the fastest growing importers of Raw sugar, beet were Jordan ($27.3M), Israel ($10.4M), France ($7.31M), Egypt ($5.7M), and Indonesia ($3.02M).

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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 Raw sugar, beet.

In 2018,  market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Raw sugar, beet are explained by 16 countries.

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TOP NET EXPORTER (2018): United Kingdom, $43.6M

TOP NET IMPORTER (2018): Jordan, $27.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Raw sugar, beet were United Kingdom ($43.6M), Saudi Arabia ($26.7M), Poland ($20.5M), Belgium-Luxembourg ($18.2M), and Brazil ($7.18M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw sugar, beet were Jordan ($27.3M), Ireland ($19.6M), Spain ($17.5M), Italy ($12.5M), and South Africa ($9.97M).

Trade Forecasts

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This section shows forecasts for total trade for Raw sugar, beet. 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, beet was 22.2%.  The countries with the highest tariffs for importing Raw sugar, beet were Turkey (134%), Poland (95.8%), Tanzania (95.3%), Kenya (94.2%), and Uganda (94.2%).

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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.