HS Icon Wine

2204 (Harmonized System 1992 for 4-digit)

World Trade (2018): $37B, Rnk 98 / 1225

Top Exporter (2018): $11.1B, France

Top Importer (2018): $5.86B, United States

Product Complexity (2018): -0.84, Rnk 782 / 1018

Export Growth (CAGR)(2017 - 2018): 3.25%, Rnk 1013 / 1225

Mean Tariff (2018): 23.4%, Rnk 67 / 1259

Share of World Trade (2018): 0.2%, Rnk 98 / 1225

Overview: In 2018, Wine were the world's 98th most traded product, with a total trade of $37B. Between 2017 and 2018 the exports of Wine grew by 3.25%, from  $35.8B to $37B. Trade in Wine represent 0.2% of total world trade.

Exports: In 2018 the top exporters of Wine  were France ($11.1B), Italy ($7.4B), Spain ($3.51B), Australia ($2.25B), and Chile ($2.01B).

Imports: In 2018 the top importers of Wine were United States ($5.86B), United Kingdom ($4.38B), Germany ($3.29B), China ($2.5B), and Canada ($1.96B).

Tariffs: In 2018 the average tariff for Wine was 23.4%, been the 67 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wine are Egypt (1.58k%), Jordan (301%), India (150%), Cyprus (142%), and Trinidad and Tobago (100%). The countries with the lowest tariffs are Liberia (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Laos (0%).

Ranking: Wine ranks 782nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $11.1B

Top Destination (2018): United States, $5.86B

Wine are the world's 98th most traded product.

In 2018, the top exporters of Wine were France ($11.1B), Italy ($7.4B), Spain ($3.51B), Australia ($2.25B), and Chile ($2.01B).

In 2018, the top importers of Wine were United States ($5.86B), United Kingdom ($4.38B), Germany ($3.29B), China ($2.5B), and Canada ($1.96B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $391M

Top Destination Growth (2017 - 2018): Germany, $348M

Between 2017 and 2018, the exports of Wine grew the fastest in Italy ($391M), France ($378M), United Kingdom ($241M), Spain ($148M), and Portugal ($139M).

Between 2017 and 2018, the fastest growing importers of Wine were Germany ($348M), United Kingdom ($314M), France ($287M), Belgium-Luxembourg ($157M), and Hong Kong ($102M).

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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 Wine.

In 2018,  market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Wine are explained by 11 countries.

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TOP NET EXPORTER (2018): France, $9.92B

TOP NET IMPORTER (2018): United States, $4.34B

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

In 2018, the countries that had a largest trade value in exports than in imports of Wine were France ($9.92B), Italy ($7B), Spain ($3.24B), Chile ($2B), and Australia ($1.67B).

In 2018, the countries that had a largest trade value in imports than in exports of Wine were United States ($4.34B), United Kingdom ($3.62B), China ($2.13B), Germany ($2.1B), and Canada ($1.89B).

Trade Forecasts

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This section shows forecasts for total trade for Wine. 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 Wine was 23.4%.  The countries with the highest tariffs for importing Wine were Egypt (1.58k%), Jordan (301%), India (150%), Cyprus (142%), and Trinidad and Tobago (100%).

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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.