HS Icon Sauces nes, mixed condiments, mixed seasoning

210390 (Harmonized System 1992 for 6-digit)

World Trade (2018): $10.3B, Rnk 300 / 4726

Top Exporter (2018): $1.3B, United States

Top Importer (2018): $1.08B, United States

Product Complexity (2018): -0.44, Rnk 3314 / 4873

Export Growth (CAGR)(2017 - 2018): 14.6%, Rnk 1956 / 4726

Mean Tariff (2018): 21.2%, Rnk 532 / 6538

Share of World Trade (2018): 0.056%, Rnk 300 / 4726

Overview:  This page contains the latest trade data of Sauces nes, mixed condiments, mixed seasoning. In 2018, Sauces nes, mixed condiments, mixed seasoning were the world's 300th most traded product, with a total trade of $10.3B. Between 2017 and 2018 the exports of Sauces nes, mixed condiments, mixed seasoning grew by 14.6%, from  $9B to $10.3B. Trade in Sauces nes, mixed condiments, mixed seasoning represent 0.056% of total world trade.

Exports: In 2018 the top exporters of Sauces nes, mixed condiments, mixed seasoning  were United States ($1.3B), China ($972M), Germany ($800M), Thailand ($705M), and Italy ($679M).

Imports: In 2018 the top importers of Sauces nes, mixed condiments, mixed seasoning were United States ($1.08B), United Kingdom ($680M), Canada ($538M), France ($527M), and Germany ($494M).

Tariffs: In 2018 the average tariff for Sauces nes, mixed condiments, mixed seasoning was 21.2%, been the 532 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sauces nes, mixed condiments, mixed seasoning are Austria (108%), Poland (48.4%), Iran (45%), Cyprus (41%), and Tunisia (36%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Sauces nes, mixed condiments, mixed seasoning ranks 3314th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.3B

Top Destination (2018): United States, $1.08B

Sauces nes, mixed condiments, mixed seasoning are the world's 300th most traded product.

In 2018, the top exporters of Sauces nes, mixed condiments, mixed seasoning were United States ($1.3B), China ($972M), Germany ($800M), Thailand ($705M), and Italy ($679M).

In 2018, the top importers of Sauces nes, mixed condiments, mixed seasoning were United States ($1.08B), United Kingdom ($680M), Canada ($538M), France ($527M), and Germany ($494M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $199M

Top Destination Growth (2017 - 2018): Germany, $97.8M

Between 2017 and 2018, the exports of Sauces nes, mixed condiments, mixed seasoning grew the fastest in China ($199M), Thailand ($178M), Italy ($103M), Netherlands ($103M), and Germany ($90.9M).

Between 2017 and 2018, the fastest growing importers of Sauces nes, mixed condiments, mixed seasoning were Germany ($97.8M), United States ($95.8M), France ($90.7M), United Kingdom ($61.8M), and Canada ($61.3M).

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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 Sauces nes, mixed condiments, mixed seasoning.

In 2018,  market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Sauces nes, mixed condiments, mixed seasoning are explained by 30 countries.

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TOP NET EXPORTER (2018): China, $842M

TOP NET IMPORTER (2018): France, $327M

This map shows which countries export or import more of Sauces nes, mixed condiments, mixed seasoning. Each country is colored based on the difference in exports and imports of Sauces nes, mixed condiments, mixed seasoning during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Sauces nes, mixed condiments, mixed seasoning were China ($842M), Thailand ($610M), Italy ($519M), Germany ($306M), and United States ($221M).

In 2018, the countries that had a largest trade value in imports than in exports of Sauces nes, mixed condiments, mixed seasoning were France ($327M), United Kingdom ($264M), Canada ($263M), Australia ($209M), and Saudi Arabia ($124M).

Trade Forecasts

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This section shows forecasts for total trade for Sauces nes, mixed condiments, mixed seasoning. 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 Sauces nes, mixed condiments, mixed seasoning was 21.2%.  The countries with the highest tariffs for importing Sauces nes, mixed condiments, mixed seasoning were Austria (108%), Poland (48.4%), Iran (45%), Cyprus (41%), and Tunisia (36%).

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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.