HS Icon Malt Extract

1901 (Harmonized System 1992 for 4-digit)

World Trade (2018): $23.1B, Rnk 166 / 1225

Top Exporter (2018): $3.15B, Netherlands

Top Importer (2018): $4.27B, China

Product Complexity (2018): -0.12, Rnk 586 / 1018

Export Growth (CAGR)(2017 - 2018): 11.1%, Rnk 716 / 1225

Mean Tariff (2018): 17%, Rnk 149 / 1259

Share of World Trade (2018): 0.13%, Rnk 166 / 1225

Overview:  This page contains the latest trade data of Malt Extract. In 2018, Malt Extract were the world's 166th most traded product, with a total trade of $23.1B. Between 2017 and 2018 the exports of Malt Extract grew by 11.1%, from  $20.8B to $23.1B. Trade in Malt Extract represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Malt Extract  were Netherlands ($3.15B), Germany ($2.27B), France ($2.03B), Ireland ($2B), and Singapore ($1.42B).

Imports: In 2018 the top importers of Malt Extract were China ($4.27B), Hong Kong ($1.18B), Netherlands ($966M), Germany ($893M), and United States ($837M).

Tariffs: In 2018 the average tariff for Malt Extract was 17%, been the 149 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Malt Extract are South Korea (160%), Austria (110%), Canada (60.4%), Tunisia (36%), and Iran (31.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Malt Extract ranks 586th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $3.15B

Top Destination (2018): China, $4.27B

Malt Extract are the world's 166th most traded product.

In 2018, the top exporters of Malt Extract were Netherlands ($3.15B), Germany ($2.27B), France ($2.03B), Ireland ($2B), and Singapore ($1.42B).

In 2018, the top importers of Malt Extract were China ($4.27B), Hong Kong ($1.18B), Netherlands ($966M), Germany ($893M), and United States ($837M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $632M

Top Destination Growth (2017 - 2018): Hong Kong, $853M

Between 2017 and 2018, the exports of Malt Extract grew the fastest in Netherlands ($632M), Australia ($234M), China ($228M), Germany ($187M), and Singapore ($172M).

Between 2017 and 2018, the fastest growing importers of Malt Extract were Hong Kong ($853M), Netherlands ($181M), China ($119M), Spain ($115M), and France ($100M).

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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 Malt Extract.

In 2018,  market concentration measured using Shannon Entropy, was 4.68. This means that most of the exports of Malt Extract are explained by 25 countries.

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TOP NET EXPORTER (2018): Netherlands, $2.19B

TOP NET IMPORTER (2018): China, $3.81B

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

In 2018, the countries that had a largest trade value in exports than in imports of Malt Extract were Netherlands ($2.19B), Ireland ($1.75B), France ($1.47B), Germany ($1.38B), and Singapore ($1.3B).

In 2018, the countries that had a largest trade value in imports than in exports of Malt Extract were China ($3.81B), Hong Kong ($1.14B), Saudi Arabia ($638M), Russia ($349M), and Vietnam ($342M).

Trade Forecasts

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This section shows forecasts for total trade for Malt Extract. 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 Malt Extract was 17%.  The countries with the highest tariffs for importing Malt Extract were South Korea (160%), Austria (110%), Canada (60.4%), Tunisia (36%), and Iran (31.3%).

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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.