HS Icon Asparagus, prepared or preserved, not frozen/vinegar

200560 (Harmonized System 1992 for 6-digit)

World Trade (2018): $261M, Rnk 3448 / 4726

Top Exporter (2018): $127M, China

Top Importer (2018): $89.7M, Spain

Product Complexity (2018): -1.42, Rnk 4406 / 4873

Export Growth (CAGR)(2017 - 2018): -5.17%, Rnk 4146 / 4726

Mean Tariff (2018): 19.2%, Rnk 656 / 6538

Share of World Trade (2018): 0.0014%, Rnk 3448 / 4726

Overview:  This page contains the latest trade data of Asparagus, prepared or preserved, not frozen/vinegar. In 2018, Asparagus, prepared or preserved, not frozen/vinegar were the world's 3448th most traded product, with a total trade of $261M. Between 2017 and 2018 the exports of Asparagus, prepared or preserved, not frozen/vinegar decreased by -5.17%, from  $275M to $261M. Trade in Asparagus, prepared or preserved, not frozen/vinegar represent 0.0014% of total world trade.

Exports: In 2018 the top exporters of Asparagus, prepared or preserved, not frozen/vinegar  were China ($127M), Peru ($97.6M), Netherlands ($11.7M), Spain ($7.13M), and Germany ($6.65M).

Imports: In 2018 the top importers of Asparagus, prepared or preserved, not frozen/vinegar were Spain ($89.7M), France ($46M), Germany ($43.7M), Netherlands ($15.6M), and United States ($13M).

Tariffs: In 2018 the average tariff for Asparagus, prepared or preserved, not frozen/vinegar was 19.2%, been the 656 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Asparagus, prepared or preserved, not frozen/vinegar are Cyprus (58.1%), Angola (50%), Syria (46%), Iran (45%), and Belize (39.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Asparagus, prepared or preserved, not frozen/vinegar ranks 4406th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $127M

Top Destination (2018): Spain, $89.7M

Asparagus, prepared or preserved, not frozen/vinegar are the world's 3448th most traded product.

In 2018, the top exporters of Asparagus, prepared or preserved, not frozen/vinegar were China ($127M), Peru ($97.6M), Netherlands ($11.7M), Spain ($7.13M), and Germany ($6.65M).

In 2018, the top importers of Asparagus, prepared or preserved, not frozen/vinegar were Spain ($89.7M), France ($46M), Germany ($43.7M), Netherlands ($15.6M), and United States ($13M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $2.21M

Top Destination Growth (2017 - 2018): Hong Kong, $1.81M

Between 2017 and 2018, the exports of Asparagus, prepared or preserved, not frozen/vinegar grew the fastest in Spain ($2.21M), Netherlands ($2.09M), Ethiopia ($1.44M), Belgium-Luxembourg ($1.26M), and Madagascar ($212k).

Between 2017 and 2018, the fastest growing importers of Asparagus, prepared or preserved, not frozen/vinegar were Hong Kong ($1.81M), Germany ($1.26M), Japan ($554k), Belgium-Luxembourg ($439k), and Denmark ($416k).

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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 Asparagus, prepared or preserved, not frozen/vinegar.

In 2018,  market concentration measured using Shannon Entropy, was 1.84. This means that most of the exports of Asparagus, prepared or preserved, not frozen/vinegar are explained by 3 countries.

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TOP NET EXPORTER (2018): China, $127M

TOP NET IMPORTER (2018): Spain, $82.6M

This map shows which countries export or import more of Asparagus, prepared or preserved, not frozen/vinegar. Each country is colored based on the difference in exports and imports of Asparagus, prepared or preserved, not frozen/vinegar during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Asparagus, prepared or preserved, not frozen/vinegar were China ($127M), Peru ($97.5M), Ethiopia ($1.44M), Madagascar ($503k), and Bulgaria ($46.5k).

In 2018, the countries that had a largest trade value in imports than in exports of Asparagus, prepared or preserved, not frozen/vinegar were Spain ($82.6M), France ($43.1M), Germany ($37.1M), United States ($12.1M), and Denmark ($7.56M).

Trade Forecasts

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This section shows forecasts for total trade for Asparagus, prepared or preserved, not frozen/vinegar. 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 Asparagus, prepared or preserved, not frozen/vinegar was 19.2%.  The countries with the highest tariffs for importing Asparagus, prepared or preserved, not frozen/vinegar were Cyprus (58.1%), Angola (50%), Syria (46%), Iran (45%), and Belize (39.9%).

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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.