HS Icon Coffee and Tea Extracts

2101 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.73B, Rnk 358 / 1225

Top Exporter (2018): $995M, Germany

Top Importer (2018): $570M, Philippines

Product Complexity (2018): -0.57, Rnk 718 / 1018

Export Growth (CAGR)(2017 - 2018): 7.96%, Rnk 864 / 1225

Mean Tariff (2018): 16.1%, Rnk 167 / 1259

Share of World Trade (2018): 0.047%, Rnk 358 / 1225

Overview:  This page contains the latest trade data of Coffee and Tea Extracts. In 2018, Coffee and Tea Extracts were the world's 358th most traded product, with a total trade of $8.73B. Between 2017 and 2018 the exports of Coffee and Tea Extracts grew by 7.96%, from  $8.08B to $8.73B. Trade in Coffee and Tea Extracts represent 0.047% of total world trade.

Exports: In 2018 the top exporters of Coffee and Tea Extracts  were Germany ($995M), Brazil ($600M), Indonesia ($574M), Malaysia ($537M), and Netherlands ($498M).

Imports: In 2018 the top importers of Coffee and Tea Extracts were Philippines ($570M), United States ($542M), Germany ($535M), United Kingdom ($470M), and Russia ($396M).

Tariffs: In 2018 the average tariff for Coffee and Tea Extracts was 16.1%, been the 167 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coffee and Tea Extracts are Austria (41.1%), Thailand (37%), Zimbabwe (36.5%), Tunisia (36%), and Hungary (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Coffee and Tea Extracts ranks 718th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $995M

Top Destination (2018): Philippines, $570M

Coffee and Tea Extracts are the world's 358th most traded product.

In 2018, the top exporters of Coffee and Tea Extracts were Germany ($995M), Brazil ($600M), Indonesia ($574M), Malaysia ($537M), and Netherlands ($498M).

In 2018, the top importers of Coffee and Tea Extracts were Philippines ($570M), United States ($542M), Germany ($535M), United Kingdom ($470M), and Russia ($396M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $133M

Top Destination Growth (2017 - 2018): Philippines, $96M

Between 2017 and 2018, the exports of Coffee and Tea Extracts grew the fastest in Spain ($133M), Indonesia ($89.4M), Vietnam ($86.6M), Thailand ($81.8M), and Malaysia ($62.4M).

Between 2017 and 2018, the fastest growing importers of Coffee and Tea Extracts were Philippines ($96M), Saudi Arabia ($54.7M), Indonesia ($51.6M), France ($42.2M), and United Kingdom ($42.1M).

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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 Coffee and Tea Extracts.

In 2018,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Coffee and Tea Extracts are explained by 30 countries.

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TOP NET EXPORTER (2018): Brazil, $582M

TOP NET IMPORTER (2018): Philippines, $565M

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

In 2018, the countries that had a largest trade value in exports than in imports of Coffee and Tea Extracts were Brazil ($582M), Germany ($460M), Indonesia ($404M), Malaysia ($394M), and India ($370M).

In 2018, the countries that had a largest trade value in imports than in exports of Coffee and Tea Extracts were Philippines ($565M), Russia ($241M), Japan ($164M), Canada ($145M), and Australia ($133M).

Trade Forecasts

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This section shows forecasts for total trade for Coffee and Tea Extracts. 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 Coffee and Tea Extracts was 16.1%.  The countries with the highest tariffs for importing Coffee and Tea Extracts were Austria (41.1%), Thailand (37%), Zimbabwe (36.5%), Tunisia (36%), and Hungary (35%).

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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.