HS Icon Other Frozen Vegetables

2004 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.99B, Rnk 351 / 1225

Top Exporter (2018): $2.07B, Belgium-Luxembourg

Top Importer (2018): $1.22B, United States

Product Complexity (2018): -0.011, Rnk 554 / 1018

Export Growth (CAGR)(2017 - 2018): 10.7%, Rnk 733 / 1225

Mean Tariff (2018): 25.5%, Rnk 42 / 1259

Share of World Trade (2018): 0.049%, Rnk 351 / 1225

Overview:  This page contains the latest trade data of Other Frozen Vegetables. In 2018, Other Frozen Vegetables were the world's 351st most traded product, with a total trade of $8.99B. Between 2017 and 2018 the exports of Other Frozen Vegetables grew by 10.7%, from  $8.12B to $8.99B. Trade in Other Frozen Vegetables represent 0.049% of total world trade.

Exports: In 2018 the top exporters of Other Frozen Vegetables  were Belgium-Luxembourg ($2.07B), Netherlands ($2B), United States ($1.27B), Canada ($1.11B), and France ($461M).

Imports: In 2018 the top importers of Other Frozen Vegetables were United States ($1.22B), United Kingdom ($822M), Japan ($689M), France ($636M), and Germany ($427M).

Tariffs: In 2018 the average tariff for Other Frozen Vegetables was 25.5%, been the 42 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Frozen Vegetables are Finland (60.4%), Cyprus (50.5%), Angola (50%), Lebanon (48.9%), and Syria (46%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Other Frozen Vegetables ranks 554th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $2.07B

Top Destination (2018): United States, $1.22B

Other Frozen Vegetables are the world's 351st most traded product.

In 2018, the top exporters of Other Frozen Vegetables were Belgium-Luxembourg ($2.07B), Netherlands ($2B), United States ($1.27B), Canada ($1.11B), and France ($461M).

In 2018, the top importers of Other Frozen Vegetables were United States ($1.22B), United Kingdom ($822M), Japan ($689M), France ($636M), and Germany ($427M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $344M

Top Destination Growth (2017 - 2018): United Kingdom, $160M

Between 2017 and 2018, the exports of Other Frozen Vegetables grew the fastest in Belgium-Luxembourg ($344M), France ($96.9M), Netherlands ($91.1M), Canada ($77.9M), and Germany ($65.5M).

Between 2017 and 2018, the fastest growing importers of Other Frozen Vegetables were United Kingdom ($160M), United States ($150M), Netherlands ($69.2M), Spain ($51.3M), and China ($42.5M).

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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 Frozen Vegetables.

In 2018,  market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Other Frozen Vegetables are explained by 10 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $1.86B

TOP NET IMPORTER (2018): United Kingdom, $713M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Frozen Vegetables were Belgium-Luxembourg ($1.86B), Netherlands ($1.6B), Canada ($976M), Argentina ($161M), and China ($125M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Frozen Vegetables were United Kingdom ($713M), Japan ($681M), Brazil ($274M), Italy ($258M), and Saudi Arabia ($220M).

Trade Forecasts

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This section shows forecasts for total trade for Other Frozen Vegetables. 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 Frozen Vegetables was 25.5%.  The countries with the highest tariffs for importing Other Frozen Vegetables were Finland (60.4%), Cyprus (50.5%), Angola (50%), Lebanon (48.9%), 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.