HS Icon Confectionery Sugar

1704 (Harmonized System 1992 for 4-digit)

World Trade (2018): $11.6B, Rnk 294 / 1225

Top Exporter (2018): $1.26B, Germany

Top Importer (2018): $1.97B, United States

Product Complexity (2018): -0.37, Rnk 656 / 1018

Export Growth (CAGR)(2017 - 2018): 11.6%, Rnk 693 / 1225

Mean Tariff (2018): 25.2%, Rnk 45 / 1259

Share of World Trade (2018): 0.063%, Rnk 294 / 1225

Overview: In 2018, Confectionery Sugar were the world's 294th most traded product, with a total trade of $11.6B. Between 2017 and 2018 the exports of Confectionery Sugar grew by 11.6%, from  $10.4B to $11.6B. Trade in Confectionery Sugar represent 0.063% of total world trade.

Exports: In 2018 the top exporters of Confectionery Sugar  were Germany ($1.26B), China ($936M), Mexico ($752M), Belgium-Luxembourg ($709M), and Netherlands ($683M).

Imports: In 2018 the top importers of Confectionery Sugar were United States ($1.97B), Germany ($818M), United Kingdom ($625M), Canada ($467M), and France ($440M).

Tariffs: In 2018 the average tariff for Confectionery Sugar was 25.2%, been the 45 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Confectionery Sugar are Iran (75%), Cyprus (64%), Hungary (57.2%), Egypt (47.7%), and Syria (46%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Confectionery Sugar ranks 656th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.26B

Top Destination (2018): United States, $1.97B

Confectionery Sugar are the world's 294th most traded product.

In 2018, the top exporters of Confectionery Sugar were Germany ($1.26B), China ($936M), Mexico ($752M), Belgium-Luxembourg ($709M), and Netherlands ($683M).

In 2018, the top importers of Confectionery Sugar were United States ($1.97B), Germany ($818M), United Kingdom ($625M), Canada ($467M), and France ($440M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $296M

Top Destination Growth (2017 - 2018): Canada, $338M

Between 2017 and 2018, the exports of Confectionery Sugar grew the fastest in United States ($296M), China ($138M), Germany ($128M), Russia ($93.8M), and United Arab Emirates ($78.6M).

Between 2017 and 2018, the fastest growing importers of Confectionery Sugar were Canada ($338M), United States ($120M), Philippines ($84.8M), Germany ($79.5M), and United Arab Emirates ($52.9M).

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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 Confectionery Sugar.

In 2018,  market concentration measured using Shannon Entropy, was 5.14. This means that most of the exports of Confectionery Sugar are explained by 35 countries.

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TOP NET EXPORTER (2018): China, $749M

TOP NET IMPORTER (2018): United States, $1.4B

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

In 2018, the countries that had a largest trade value in exports than in imports of Confectionery Sugar were China ($749M), Mexico ($629M), Germany ($440M), Belgium-Luxembourg ($405M), and Turkey ($404M).

In 2018, the countries that had a largest trade value in imports than in exports of Confectionery Sugar were United States ($1.4B), United Kingdom ($293M), France ($206M), Philippines ($170M), and Australia ($140M).

Trade Forecasts

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This section shows forecasts for total trade for Confectionery 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 Confectionery Sugar was 25.2%.  The countries with the highest tariffs for importing Confectionery Sugar were Iran (75%), Cyprus (64%), Hungary (57.2%), Egypt (47.7%), and Syria (46%).

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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.