HS Icon Food preparations nes

210690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $42.7B, Rnk 52 / 4726

Top Exporter (2018): $5.53B, United States

Top Importer (2018): $5.31B, United States

Product Complexity (2018): -0.077, Rnk 2753 / 4873

Export Growth (CAGR)(2017 - 2018): 33.9%, Rnk 651 / 4726

Mean Tariff (2018): 15.7%, Rnk 1022 / 6538

Share of World Trade (2018): 0.23%, Rnk 52 / 4726

Overview:  This page contains the latest trade data of Food preparations nes. In 2018, Food preparations nes were the world's 52nd most traded product, with a total trade of $42.7B. Between 2017 and 2018 the exports of Food preparations nes grew by 33.9%, from  $31.9B to $42.7B. Trade in Food preparations nes represent 0.23% of total world trade.

Exports: In 2018 the top exporters of Food preparations nes  were United States ($5.53B), Singapore ($4.18B), Germany ($3.69B), Netherlands ($3B), and France ($1.73B).

Imports: In 2018 the top importers of Food preparations nes were United States ($5.31B), China ($2.21B), Germany ($2.14B), United Kingdom ($1.96B), and Netherlands ($1.51B).

Tariffs: In 2018 the average tariff for Food preparations nes was 15.7%, been the 1022 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Food preparations nes are Egypt (223%), India (127%), South Korea (68.7%), Cyprus (54.2%), and Poland (50.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Laos (0.96%).

Ranking: Food preparations nes ranks 2753rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $5.53B

Top Destination (2018): United States, $5.31B

Food preparations nes are the world's 52nd most traded product.

In 2018, the top exporters of Food preparations nes were United States ($5.53B), Singapore ($4.18B), Germany ($3.69B), Netherlands ($3B), and France ($1.73B).

In 2018, the top importers of Food preparations nes were United States ($5.31B), China ($2.21B), Germany ($2.14B), United Kingdom ($1.96B), and Netherlands ($1.51B).

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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, $4.22B

Between 2017 and 2018, the exports of Food preparations nes grew the fastest in Singapore ($2.74B), United States ($1.61B), Netherlands ($597M), Thailand ($510M), and China ($465M).

Between 2017 and 2018, the fastest growing importers of Food preparations nes were United States ($4.22B), Canada ($1.34B), Mexico ($661M), Germany ($414M), and Hong Kong ($372M).

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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 Food preparations nes.

In 2018,  market concentration measured using Shannon Entropy, was 5.01. This means that most of the exports of Food preparations nes are explained by 32 countries.

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TOP NET EXPORTER (2018): Singapore, $3.66B

TOP NET IMPORTER (2018): Hong Kong, $1.13B

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

In 2018, the countries that had a largest trade value in exports than in imports of Food preparations nes were Singapore ($3.66B), Germany ($1.55B), Netherlands ($1.48B), Denmark ($690M), and Thailand ($689M).

In 2018, the countries that had a largest trade value in imports than in exports of Food preparations nes were Hong Kong ($1.13B), China ($703M), Philippines ($646M), United Kingdom ($520M), and Saudi Arabia ($468M).

Trade Forecasts

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This section shows forecasts for total trade for Food preparations nes. 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 Food preparations nes was 15.7%.  The countries with the highest tariffs for importing Food preparations nes were Egypt (223%), India (127%), South Korea (68.7%), Cyprus (54.2%), and Poland (50.9%).

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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.