HS Icon Flavored Water

2202 (Harmonized System 1992 for 4-digit)

World Trade (2018): $20.7B, Rnk 179 / 1225

Top Exporter (2018): $2.68B, Austria

Top Importer (2018): $2.54B, United States

Product Complexity (2018): -0.5, Rnk 697 / 1018

Export Growth (CAGR)(2017 - 2018): 18.9%, Rnk 360 / 1225

Mean Tariff (2018): 24.2%, Rnk 50 / 1259

Share of World Trade (2018): 0.11%, Rnk 179 / 1225

Overview: In 2018, Flavored Water were the world's 179th most traded product, with a total trade of $20.7B. Between 2017 and 2018 the exports of Flavored Water grew by 18.9%, from  $17.4B to $20.7B. Trade in Flavored Water represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Flavored Water  were Austria ($2.68B), Germany ($1.95B), Netherlands ($1.7B), Thailand ($1.55B), and United States ($1.28B).

Imports: In 2018 the top importers of Flavored Water were United States ($2.54B), United Kingdom ($1.45B), Germany ($1.24B), Belgium-Luxembourg ($1.01B), and France ($907M).

Tariffs: In 2018 the average tariff for Flavored Water was 24.2%, been the 50 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Flavored Water are Belize (84.9%), Syria (73.5%), Barbados (68.7%), Zimbabwe (65.8%), and Thailand (60.4%). The countries with the lowest tariffs are Liberia (0%), Hong Kong (0%), Singapore (0%), Bosnia and Herzegovina (0%), and Switzerland (0%).

Ranking: Flavored Water ranks 697th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Austria, $2.68B

Top Destination (2018): United States, $2.54B

Flavored Water are the world's 179th most traded product.

In 2018, the top exporters of Flavored Water were Austria ($2.68B), Germany ($1.95B), Netherlands ($1.7B), Thailand ($1.55B), and United States ($1.28B).

In 2018, the top importers of Flavored Water were United States ($2.54B), United Kingdom ($1.45B), Germany ($1.24B), Belgium-Luxembourg ($1.01B), and France ($907M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $962M

Top Destination Growth (2017 - 2018): Vietnam, $476M

Between 2017 and 2018, the exports of Flavored Water grew the fastest in Thailand ($962M), Germany ($432M), Netherlands ($340M), United Arab Emirates ($145M), and Poland ($143M).

Between 2017 and 2018, the fastest growing importers of Flavored Water were Vietnam ($476M), Cambodia ($428M), United Kingdom ($351M), Germany ($195M), and Burma ($177M).

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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 Flavored Water.

In 2018,  market concentration measured using Shannon Entropy, was 4.98. This means that most of the exports of Flavored Water are explained by 31 countries.

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TOP NET EXPORTER (2018): Austria, $2.42B

TOP NET IMPORTER (2018): United States, $1.26B

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

In 2018, the countries that had a largest trade value in exports than in imports of Flavored Water were Austria ($2.42B), Thailand ($1.52B), Netherlands ($850M), Switzerland ($848M), and Germany ($707M).

In 2018, the countries that had a largest trade value in imports than in exports of Flavored Water were United States ($1.26B), United Kingdom ($844M), Canada ($629M), Cambodia ($507M), and Vietnam ($482M).

Trade Forecasts

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This section shows forecasts for total trade for Flavored Water. 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 Flavored Water was 24.2%.  The countries with the highest tariffs for importing Flavored Water were Belize (84.9%), Syria (73.5%), Barbados (68.7%), Zimbabwe (65.8%), and Thailand (60.4%).

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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.