HS Icon Other Sugars

1702 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.37B, Rnk 445 / 1225

Top Exporter (2018): $1.26B, United States

Top Importer (2018): $640M, Mexico

Product Complexity (2018): -0.31, Rnk 640 / 1018

Export Growth (CAGR)(2017 - 2018): -0.72%, Rnk 1098 / 1225

Mean Tariff (2018): 13.8%, Rnk 240 / 1259

Share of World Trade (2018): 0.035%, Rnk 445 / 1225

Overview: In 2018, Other Sugars were the world's 445th most traded product, with a total trade of $6.37B. Between 2017 and 2018 the exports of Other Sugars decreased by -0.72%, from  $6.42B to $6.37B. Trade in Other Sugars represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Other Sugars  were United States ($1.26B), China ($789M), France ($567M), Netherlands ($557M), and Germany ($481M).

Imports: In 2018 the top importers of Other Sugars were Mexico ($640M), United States ($589M), Germany ($476M), Netherlands ($311M), and Indonesia ($238M).

Tariffs: In 2018 the average tariff for Other Sugars was 13.8%, been the 240 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Sugars are Turkey (106%), Moldova (70.7%), Hungary (63.8%), Lithuania (55.1%), and Poland (39.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Other Sugars ranks 640th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.26B

Top Destination (2018): Mexico, $640M

Other Sugars are the world's 445th most traded product.

In 2018, the top exporters of Other Sugars were United States ($1.26B), China ($789M), France ($567M), Netherlands ($557M), and Germany ($481M).

In 2018, the top importers of Other Sugars were Mexico ($640M), United States ($589M), Germany ($476M), Netherlands ($311M), and Indonesia ($238M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $83M

Top Destination Growth (2017 - 2018): United States, $119M

Between 2017 and 2018, the exports of Other Sugars grew the fastest in Mexico ($83M), Netherlands ($54.5M), Canada ($30.1M), United Arab Emirates ($13.3M), and Indonesia ($12.7M).

Between 2017 and 2018, the fastest growing importers of Other Sugars were United States ($119M), Canada ($40.7M), Vietnam ($32.1M), Ireland ($30.9M), and Indonesia ($24.5M).

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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 Other Sugars.

In 2018,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Other Sugars are explained by 20 countries.

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TOP NET EXPORTER (2018): United States, $667M

TOP NET IMPORTER (2018): Mexico, $476M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Sugars were United States ($667M), China ($630M), France ($345M), Netherlands ($246M), and Canada ($206M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Sugars were Mexico ($476M), Indonesia ($171M), Philippines ($153M), Ireland ($151M), and Japan ($145M).

Trade Forecasts

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This section shows forecasts for total trade for Other Sugars. 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 Other Sugars was 13.8%.  The countries with the highest tariffs for importing Other Sugars were Turkey (106%), Moldova (70.7%), Hungary (63.8%), Lithuania (55.1%), and Poland (39.5%).

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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.