HS Icon Vegetables nes and mixtures, prepared, frozen

200490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.57B, Rnk 1553 / 4726

Top Exporter (2018): $294M, China

Top Importer (2018): $286M, Japan

Product Complexity (2018): -0.039, Rnk 2699 / 4873

Export Growth (CAGR)(2017 - 2018): 17.1%, Rnk 1644 / 4726

Mean Tariff (2018): 22.4%, Rnk 447 / 6538

Share of World Trade (2018): 0.0085%, Rnk 1553 / 4726

Overview:  This page contains the latest trade data of Vegetables nes and mixtures, prepared, frozen. In 2018, Vegetables nes and mixtures, prepared, frozen were the world's 1553rd most traded product, with a total trade of $1.57B. Between 2017 and 2018 the exports of Vegetables nes and mixtures, prepared, frozen grew by 17.1%, from  $1.34B to $1.57B. Trade in Vegetables nes and mixtures, prepared, frozen represent 0.0085% of total world trade.

Exports: In 2018 the top exporters of Vegetables nes and mixtures, prepared, frozen  were China ($294M), Belgium-Luxembourg ($220M), Germany ($125M), Netherlands ($124M), and United States ($115M).

Imports: In 2018 the top importers of Vegetables nes and mixtures, prepared, frozen were Japan ($286M), United States ($246M), United Kingdom ($122M), France ($117M), and Germany ($108M).

Tariffs: In 2018 the average tariff for Vegetables nes and mixtures, prepared, frozen was 22.4%, been the 447 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Vegetables nes and mixtures, prepared, frozen are Cyprus (55.7%), Angola (50%), Syria (46%), Iran (45%), and Lebanon (40.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Vegetables nes and mixtures, prepared, frozen ranks 2699th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $294M

Top Destination (2018): Japan, $286M

Vegetables nes and mixtures, prepared, frozen are the world's 1553rd most traded product.

In 2018, the top exporters of Vegetables nes and mixtures, prepared, frozen were China ($294M), Belgium-Luxembourg ($220M), Germany ($125M), Netherlands ($124M), and United States ($115M).

In 2018, the top importers of Vegetables nes and mixtures, prepared, frozen were Japan ($286M), United States ($246M), United Kingdom ($122M), France ($117M), and Germany ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $48M

Top Destination Growth (2017 - 2018): United Kingdom, $54.6M

Between 2017 and 2018, the exports of Vegetables nes and mixtures, prepared, frozen grew the fastest in China ($48M), Belgium-Luxembourg ($44.4M), Mexico ($24.7M), Germany ($20M), and Portugal ($19.4M).

Between 2017 and 2018, the fastest growing importers of Vegetables nes and mixtures, prepared, frozen were United Kingdom ($54.6M), United States ($51.5M), Japan ($24.9M), Germany ($22M), and Belgium-Luxembourg ($20.8M).

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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 Vegetables nes and mixtures, prepared, frozen.

In 2018,  market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Vegetables nes and mixtures, prepared, frozen are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $291M

TOP NET IMPORTER (2018): Japan, $280M

This map shows which countries export or import more of Vegetables nes and mixtures, prepared, frozen. Each country is colored based on the difference in exports and imports of Vegetables nes and mixtures, prepared, frozen during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Vegetables nes and mixtures, prepared, frozen were China ($291M), Belgium-Luxembourg ($129M), Mexico ($78M), Spain ($64.1M), and Netherlands ($49.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetables nes and mixtures, prepared, frozen were Japan ($280M), United States ($131M), United Kingdom ($100M), France ($38.4M), and Sweden ($35.4M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetables nes and mixtures, prepared, frozen. 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 Vegetables nes and mixtures, prepared, frozen was 22.4%.  The countries with the highest tariffs for importing Vegetables nes and mixtures, prepared, frozen were Cyprus (55.7%), Angola (50%), Syria (46%), Iran (45%), and Lebanon (40.7%).

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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.