HS Icon Pasta

1902 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.88B, Rnk 328 / 1225

Top Exporter (2018): $2.91B, Italy

Top Importer (2018): $997M, United States

Product Complexity (2018): -1.32, Rnk 906 / 1018

Export Growth (CAGR)(2017 - 2018): 12.6%, Rnk 642 / 1225

Mean Tariff (2018): 30.7%, Rnk 22 / 1259

Share of World Trade (2018): 0.054%, Rnk 328 / 1225

Overview: In 2018, Pasta were the world's 328th most traded product, with a total trade of $9.88B. Between 2017 and 2018 the exports of Pasta grew by 12.6%, from  $8.78B to $9.88B. Trade in Pasta represent 0.054% of total world trade.

Exports: In 2018 the top exporters of Pasta  were Italy ($2.91B), China ($881M), Turkey ($591M), South Korea ($550M), and Thailand ($501M).

Imports: In 2018 the top importers of Pasta were United States ($997M), Germany ($895M), France ($741M), United Kingdom ($639M), and Canada ($399M).

Tariffs: In 2018 the average tariff for Pasta was 30.7%, been the 22 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pasta are Austria (140%), Turkmenistan (100%), Syria (68%), Iran (65%), and Cyprus (55.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Pasta ranks 906th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $2.91B

Top Destination (2018): United States, $997M

Pasta are the world's 328th most traded product.

In 2018, the top exporters of Pasta were Italy ($2.91B), China ($881M), Turkey ($591M), South Korea ($550M), and Thailand ($501M).

In 2018, the top importers of Pasta were United States ($997M), Germany ($895M), France ($741M), United Kingdom ($639M), and Canada ($399M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $308M

Top Destination Growth (2017 - 2018): Germany, $153M

Between 2017 and 2018, the exports of Pasta grew the fastest in Italy ($308M), Thailand ($195M), Turkey ($106M), China ($103M), and Saudi Arabia ($100M).

Between 2017 and 2018, the fastest growing importers of Pasta were Germany ($153M), United States ($105M), United Kingdom ($96.7M), France ($94.6M), and Iraq ($62.5M).

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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 Pasta.

In 2018,  market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Pasta are explained by 21 countries.

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TOP NET EXPORTER (2018): Italy, $2.82B

TOP NET IMPORTER (2018): United States, $656M

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

In 2018, the countries that had a largest trade value in exports than in imports of Pasta were Italy ($2.82B), China ($632M), Turkey ($580M), Thailand ($454M), and South Korea ($378M).

In 2018, the countries that had a largest trade value in imports than in exports of Pasta were United States ($656M), Germany ($605M), United Kingdom ($550M), France ($504M), and Canada ($265M).

Trade Forecasts

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This section shows forecasts for total trade for Pasta. 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 Pasta was 30.7%.  The countries with the highest tariffs for importing Pasta were Austria (140%), Turkmenistan (100%), Syria (68%), Iran (65%), and Cyprus (55.2%).

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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.