HS Icon Prepared Cereals

1904 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.48B, Rnk 443 / 1225

Top Exporter (2018): $698M, United States

Top Importer (2018): $650M, United States

Product Complexity (2018): -0.4, Rnk 665 / 1018

Export Growth (CAGR)(2017 - 2018): 6.93%, Rnk 894 / 1225

Mean Tariff (2018): 32.2%, Rnk 16 / 1259

Share of World Trade (2018): 0.035%, Rnk 443 / 1225

Overview:  This page contains the latest trade data of Prepared Cereals. In 2018, Prepared Cereals were the world's 443rd most traded product, with a total trade of $6.48B. Between 2017 and 2018 the exports of Prepared Cereals grew by 6.93%, from  $6.06B to $6.48B. Trade in Prepared Cereals represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Prepared Cereals  were United States ($698M), Germany ($690M), United Kingdom ($637M), Belgium-Luxembourg ($475M), and France ($409M).

Imports: In 2018 the top importers of Prepared Cereals were United States ($650M), Canada ($525M), France ($439M), United Kingdom ($418M), and Germany ($349M).

Tariffs: In 2018 the average tariff for Prepared Cereals was 32.2%, been the 16 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Prepared Cereals are Austria (328%), Cyprus (65.9%), Syria (53.3%), Iran (45%), and North Macedonia (36.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Bahamas (0%).

Ranking: Prepared Cereals ranks 665th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $698M

Top Destination (2018): United States, $650M

Prepared Cereals are the world's 443rd most traded product.

In 2018, the top exporters of Prepared Cereals were United States ($698M), Germany ($690M), United Kingdom ($637M), Belgium-Luxembourg ($475M), and France ($409M).

In 2018, the top importers of Prepared Cereals were United States ($650M), Canada ($525M), France ($439M), United Kingdom ($418M), and Germany ($349M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $95.4M

Top Destination Growth (2017 - 2018): United States, $123M

Between 2017 and 2018, the exports of Prepared Cereals grew the fastest in United Kingdom ($95.4M), Poland ($75.4M), Mexico ($71.1M), China ($65.6M), and Thailand ($43.9M).

Between 2017 and 2018, the fastest growing importers of Prepared Cereals were United States ($123M), Canada ($68.5M), United Kingdom ($64.8M), Italy ($27.8M), and Croatia ($23M).

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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 Prepared Cereals.

In 2018,  market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Prepared Cereals are explained by 26 countries.

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TOP NET EXPORTER (2018): Germany, $342M

TOP NET IMPORTER (2018): Canada, $234M

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

In 2018, the countries that had a largest trade value in exports than in imports of Prepared Cereals were Germany ($342M), Poland ($294M), Belgium-Luxembourg ($230M), United Kingdom ($219M), and Mexico ($206M).

In 2018, the countries that had a largest trade value in imports than in exports of Prepared Cereals were Canada ($234M), Ireland ($149M), Hong Kong ($105M), Saudi Arabia ($95.9M), and Sweden ($86.5M).

Trade Forecasts

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This section shows forecasts for total trade for Prepared Cereals. 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 Prepared Cereals was 32.2%.  The countries with the highest tariffs for importing Prepared Cereals were Austria (328%), Cyprus (65.9%), Syria (53.3%), Iran (45%), and North Macedonia (36.4%).

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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.