HS Icon Grape wines nes, fortified wine or must, pack < 2l

220421 (Harmonized System 1992 for 6-digit)

World Trade (2018): $25.6B, Rnk 101 / 4726

Top Exporter (2018): $6.96B, France

Top Importer (2018): $4.27B, United States

Product Complexity (2018): -0.84, Rnk 3810 / 4873

Export Growth (CAGR)(2017 - 2018): 1.26%, Rnk 3723 / 4726

Mean Tariff (2018): 19.8%, Rnk 608 / 6538

Share of World Trade (2018): 0.14%, Rnk 101 / 4726

Overview: In 2018, Grape wines nes, fortified wine or must, pack < 2l were the world's 101st most traded product, with a total trade of $25.6B. Between 2017 and 2018 the exports of Grape wines nes, fortified wine or must, pack < 2l grew by 1.26%, from  $25.3B to $25.6B. Trade in Grape wines nes, fortified wine or must, pack < 2l represent 0.14% of total world trade.

Exports: In 2018 the top exporters of Grape wines nes, fortified wine or must, pack < 2l  were France ($6.96B), Italy ($5.07B), Spain ($2.07B), Australia ($1.73B), and Chile ($1.6B).

Imports: In 2018 the top importers of Grape wines nes, fortified wine or must, pack < 2l were United States ($4.27B), United Kingdom ($2.64B), China ($2.2B), Germany ($2.1B), and Canada ($1.68B).

Tariffs: In 2018 the average tariff for Grape wines nes, fortified wine or must, pack < 2l was 19.8%, been the 608 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Grape wines nes, fortified wine or must, pack < 2l are Egypt (1.58k%), India (150%), Jordan (131%), Saudi Arabia (91.9%), and Oman (91.9%). The countries with the lowest tariffs are Liberia (0%), United Arab Emirates (0%), Hong Kong (0%), Japan (0%), and Kuwait (0%).

Ranking: Grape wines nes, fortified wine or must, pack < 2l ranks 3810th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): France, $6.96B

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

Grape wines nes, fortified wine or must, pack < 2l are the world's 101st most traded product.

In 2018, the top exporters of Grape wines nes, fortified wine or must, pack < 2l were France ($6.96B), Italy ($5.07B), Spain ($2.07B), Australia ($1.73B), and Chile ($1.6B).

In 2018, the top importers of Grape wines nes, fortified wine or must, pack < 2l were United States ($4.27B), United Kingdom ($2.64B), China ($2.2B), Germany ($2.1B), and Canada ($1.68B).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): France, $333M

Top Destination Growth (2017 - 2018): Germany, $223M

Between 2017 and 2018, the exports of Grape wines nes, fortified wine or must, pack < 2l grew the fastest in France ($333M), United Kingdom ($177M), Portugal ($120M), Italy ($92.6M), and Netherlands ($83.3M).

Between 2017 and 2018, the fastest growing importers of Grape wines nes, fortified wine or must, pack < 2l were Germany ($223M), France ($155M), Belgium-Luxembourg ($86.7M), Canada ($73.5M), and Hong Kong ($53.5M).

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Grape wines nes, fortified wine or must, pack < 2l.

In 2018,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Grape wines nes, fortified wine or must, pack < 2l are explained by 12 countries.

TOP NET EXPORTER (2018): France, $6.35B

TOP NET IMPORTER (2018): United States, $3.09B

This map shows which countries export or import more of Grape wines nes, fortified wine or must, pack < 2l. Each country is colored based on the difference in exports and imports of Grape wines nes, fortified wine or must, pack < 2l during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Grape wines nes, fortified wine or must, pack < 2l were France ($6.35B), Italy ($4.99B), Spain ($1.97B), Chile ($1.6B), and Australia ($1.38B).

In 2018, the countries that had a largest trade value in imports than exports of Grape wines nes, fortified wine or must, pack < 2l were United States ($3.09B), United Kingdom ($2.01B), China ($1.83B), Canada ($1.65B), and Hong Kong ($1.5B).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Grape wines nes, fortified wine or must, pack < 2l. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Grape wines nes, fortified wine or must, pack < 2l was 19.8%.  The countries with the highest tariffs for importing Grape wines nes, fortified wine or must, pack < 2l were Egypt (1.58k%), India (150%), Jordan (131%), Saudi Arabia (91.9%), and Oman (91.9%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.