HS Icon Other Edible Preparations

2106 (Harmonized System 1992 for 4-digit)

World Trade (2018): $44.9B, Rnk 86 / 1225

Top Exporter (2018): $6.29B, United States

Top Importer (2018): $5.44B, United States

Product Complexity (2018): 0.12, Rnk 495 / 1018

Export Growth (CAGR)(2017 - 2018): 32.6%, Rnk 151 / 1225

Mean Tariff (2018): 15.5%, Rnk 180 / 1259

Share of World Trade (2018): 0.24%, Rnk 86 / 1225

Overview: In 2018, Other Edible Preparations were the world's 86th most traded product, with a total trade of $44.9B. Between 2017 and 2018 the exports of Other Edible Preparations grew by 32.6%, from  $33.9B to $44.9B. Trade in Other Edible Preparations represent 0.24% of total world trade.

Exports: In 2018 the top exporters of Other Edible Preparations  were United States ($6.29B), Singapore ($4.18B), Germany ($3.76B), Netherlands ($3.16B), and France ($1.79B).

Imports: In 2018 the top importers of Other Edible Preparations were United States ($5.44B), China ($2.26B), Germany ($2.23B), United Kingdom ($2.07B), and Netherlands ($1.65B).

Tariffs: In 2018 the average tariff for Other Edible Preparations was 15.5%, been the 180 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Edible Preparations are Egypt (191%), India (119%), Austria (62.6%), South Korea (61.1%), and Cyprus (47.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Peru (0.51%).

Ranking: Other Edible Preparations ranks 495th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $6.29B

Top Destination (2018): United States, $5.44B

Other Edible Preparations are the world's 86th most traded product.

In 2018, the top exporters of Other Edible Preparations were United States ($6.29B), Singapore ($4.18B), Germany ($3.76B), Netherlands ($3.16B), and France ($1.79B).

In 2018, the top importers of Other Edible Preparations were United States ($5.44B), China ($2.26B), Germany ($2.23B), United Kingdom ($2.07B), and Netherlands ($1.65B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $2.74B

Top Destination Growth (2017 - 2018): United States, $4.27B

Between 2017 and 2018, the exports of Other Edible Preparations grew the fastest in Singapore ($2.74B), United States ($1.68B), Netherlands ($614M), China ($533M), and Thailand ($511M).

Between 2017 and 2018, the fastest growing importers of Other Edible Preparations were United States ($4.27B), Canada ($1.35B), Mexico ($668M), Germany ($434M), and Hong Kong ($373M).

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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 Edible Preparations.

In 2018,  market concentration measured using Shannon Entropy, was 4.99. This means that most of the exports of Other Edible Preparations are explained by 31 countries.

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TOP NET EXPORTER (2018): Singapore, $3.65B

TOP NET IMPORTER (2018): Hong Kong, $1.14B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Edible Preparations were Singapore ($3.65B), Germany ($1.53B), Netherlands ($1.51B), United States ($850M), and Denmark ($703M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Edible Preparations were Hong Kong ($1.14B), Philippines ($691M), Vietnam ($495M), China ($495M), and Saudi Arabia ($487M).

Trade Forecasts

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This section shows forecasts for total trade for Other Edible Preparations. 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 Edible Preparations was 15.5%.  The countries with the highest tariffs for importing Other Edible Preparations were Egypt (191%), India (119%), Austria (62.6%), South Korea (61.1%), and Cyprus (47.9%).

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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.