HS Icon Beverage waters, sweetened or flavoured

220210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $9.75B, Rnk 319 / 4726

Top Exporter (2018): $2.21B, Austria

Top Importer (2018): $1.8B, United States

Export Growth (CAGR)(2017 - 2018): 6.41%, Rnk 3161 / 4726

Mean Tariff (2018): 24.7%, Rnk 225 / 6538

Share of World Trade (2018): 0.053%, Rnk 319 / 4726

Overview:  This page contains the latest trade data of Beverage waters, sweetened or flavoured. In 2018, Beverage waters, sweetened or flavoured were the world's 319th most traded product, with a total trade of $9.75B. Between 2017 and 2018 the exports of Beverage waters, sweetened or flavoured grew by 6.41%, from  $9.16B to $9.75B. Trade in Beverage waters, sweetened or flavoured represent 0.053% of total world trade.

Exports: In 2018 the top exporters of Beverage waters, sweetened or flavoured  were Austria ($2.21B), Germany ($879M), Netherlands ($591M), France ($578M), and United Kingdom ($498M).

Imports: In 2018 the top importers of Beverage waters, sweetened or flavoured were United States ($1.8B), Germany ($730M), Belgium-Luxembourg ($646M), United Kingdom ($626M), and Netherlands ($487M).

Tariffs: In 2018 the average tariff for Beverage waters, sweetened or flavoured was 24.7%, been the 225 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Beverage waters, sweetened or flavoured are Barbados (105%), Belize (97%), Syria (73.5%), Iran (60%), and Angola (60%). The countries with the lowest tariffs are Liberia (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Bosnia and Herzegovina (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Austria, $2.21B

Top Destination (2018): United States, $1.8B

Beverage waters, sweetened or flavoured are the world's 319th most traded product.

In 2018, the top exporters of Beverage waters, sweetened or flavoured were Austria ($2.21B), Germany ($879M), Netherlands ($591M), France ($578M), and United Kingdom ($498M).

In 2018, the top importers of Beverage waters, sweetened or flavoured were United States ($1.8B), Germany ($730M), Belgium-Luxembourg ($646M), United Kingdom ($626M), and Netherlands ($487M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $144M

Top Destination Growth (2017 - 2018): United Kingdom, $150M

Between 2017 and 2018, the exports of Beverage waters, sweetened or flavoured grew the fastest in Germany ($144M), Belgium-Luxembourg ($138M), Poland ($93M), Ireland ($92.8M), and United Kingdom ($82.3M).

Between 2017 and 2018, the fastest growing importers of Beverage waters, sweetened or flavoured were United Kingdom ($150M), Germany ($113M), Ireland ($65.7M), Kuwait ($47.9M), and India ($43.2M).

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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 Beverage waters, sweetened or flavoured.

In 2018,  market concentration measured using Shannon Entropy, was 4.76. This means that most of the exports of Beverage waters, sweetened or flavoured are explained by 27 countries.

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TOP NET EXPORTER (2018): Austria, $2.08B

TOP NET IMPORTER (2018): United States, $1.4B

This map shows which countries export or import more of Beverage waters, sweetened or flavoured. Each country is colored based on the difference in exports and imports of Beverage waters, sweetened or flavoured during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Beverage waters, sweetened or flavoured were Austria ($2.08B), Mexico ($264M), Poland ($209M), Germany ($149M), and France ($127M).

In 2018, the countries that had a largest trade value in imports than in exports of Beverage waters, sweetened or flavoured were United States ($1.4B), Belgium-Luxembourg ($238M), Australia ($167M), United Kingdom ($129M), and Canada ($124M).

Trade Forecasts

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This section shows forecasts for total trade for Beverage waters, sweetened or flavoured. 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 Beverage waters, sweetened or flavoured was 24.7%.  The countries with the highest tariffs for importing Beverage waters, sweetened or flavoured were Barbados (105%), Belize (97%), Syria (73.5%), Iran (60%), and Angola (60%).

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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.