HS Icon Refined sugar, in solid form, nes, pure sucrose

170199 (Harmonized System 1992 for 6-digit)

World Trade (2018): $11.5B, Rnk 260 / 4726

Top Exporter (2018): $1.42B, Thailand

Top Importer (2018): $580M, Italy

Product Complexity (2018): -1.58, Rnk 4519 / 4873

Export Growth (CAGR)(2017 - 2018): -5.4%, Rnk 4157 / 4726

Mean Tariff (2018): 26.3%, Rnk 183 / 6538

Share of World Trade (2018): 0.063%, Rnk 260 / 4726

Overview:  This page contains the latest trade data of Refined sugar, in solid form, nes, pure sucrose. In 2018, Refined sugar, in solid form, nes, pure sucrose were the world's 260th most traded product, with a total trade of $11.5B. Between 2017 and 2018 the exports of Refined sugar, in solid form, nes, pure sucrose decreased by -5.4%, from  $12.2B to $11.5B. Trade in Refined sugar, in solid form, nes, pure sucrose represent 0.063% of total world trade.

Exports: In 2018 the top exporters of Refined sugar, in solid form, nes, pure sucrose  were Thailand ($1.42B), France ($1.33B), Brazil ($1.16B), India ($856M), and Germany ($765M).

Imports: In 2018 the top importers of Refined sugar, in solid form, nes, pure sucrose were Italy ($580M), Burma ($466M), United States ($449M), Sudan ($435M), and Spain ($396M).

Tariffs: In 2018 the average tariff for Refined sugar, in solid form, nes, pure sucrose was 26.3%, been the 183 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Refined sugar, in solid form, nes, pure sucrose are Turkey (134%), Poland (96%), India (91.5%), Thailand (91.5%), and Romania (82.3%). The countries with the lowest tariffs are Angola (0%), South Africa (0%), United Arab Emirates (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Refined sugar, in solid form, nes, pure sucrose ranks 4519th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $1.42B

Top Destination (2018): Italy, $580M

Refined sugar, in solid form, nes, pure sucrose are the world's 260th most traded product.

In 2018, the top exporters of Refined sugar, in solid form, nes, pure sucrose were Thailand ($1.42B), France ($1.33B), Brazil ($1.16B), India ($856M), and Germany ($765M).

In 2018, the top importers of Refined sugar, in solid form, nes, pure sucrose were Italy ($580M), Burma ($466M), United States ($449M), Sudan ($435M), and Spain ($396M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $796M

Top Destination Growth (2017 - 2018): Cambodia, $217M

Between 2017 and 2018, the exports of Refined sugar, in solid form, nes, pure sucrose grew the fastest in Thailand ($796M), France ($147M), Belgium-Luxembourg ($115M), Germany ($98.7M), and Chinese Taipei ($97.4M).

Between 2017 and 2018, the fastest growing importers of Refined sugar, in solid form, nes, pure sucrose were Cambodia ($217M), Chinese Taipei ($194M), Uzbekistan ($169M), Philippines ($143M), and Djibouti ($123M).

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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 Refined sugar, in solid form, nes, pure sucrose.

In 2018,  market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Refined sugar, in solid form, nes, pure sucrose are explained by 29 countries.

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TOP NET EXPORTER (2018): Thailand, $1.42B

TOP NET IMPORTER (2018): Italy, $553M

This map shows which countries export or import more of Refined sugar, in solid form, nes, pure sucrose. Each country is colored based on the difference in exports and imports of Refined sugar, in solid form, nes, pure sucrose during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Refined sugar, in solid form, nes, pure sucrose were Thailand ($1.42B), Brazil ($1.15B), France ($1.15B), India ($831M), and Germany ($474M).

In 2018, the countries that had a largest trade value in imports than in exports of Refined sugar, in solid form, nes, pure sucrose were Italy ($553M), Burma ($454M), Sudan ($435M), United States ($382M), and Spain ($328M).

Trade Forecasts

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This section shows forecasts for total trade for Refined sugar, in solid form, nes, pure sucrose. 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 Refined sugar, in solid form, nes, pure sucrose was 26.3%.  The countries with the highest tariffs for importing Refined sugar, in solid form, nes, pure sucrose were Turkey (134%), Poland (96%), India (91.5%), Thailand (91.5%), and Romania (82.3%).

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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.