HS Icon Grape wines, alcoholic grape must nes

220429 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.06B, Rnk 778 / 4726

Top Exporter (2018): $804M, Spain

Top Importer (2018): $662M, United Kingdom

Product Complexity (2018): -0.73, Rnk 3682 / 4873

Export Growth (CAGR)(2017 - 2018): 6.16%, Rnk 3193 / 4726

Mean Tariff (2018): 29.5%, Rnk 123 / 6538

Share of World Trade (2018): 0.022%, Rnk 778 / 4726

Overview:  This page contains the latest trade data of Grape wines, alcoholic grape must nes. In 2018, Grape wines, alcoholic grape must nes were the world's 778th most traded product, with a total trade of $4.06B. Between 2017 and 2018 the exports of Grape wines, alcoholic grape must nes grew by 6.16%, from  $3.82B to $4.06B. Trade in Grape wines, alcoholic grape must nes represent 0.022% of total world trade.

Exports: In 2018 the top exporters of Grape wines, alcoholic grape must nes  were Spain ($804M), Italy ($486M), Australia ($482M), Chile ($372M), and France ($348M).

Imports: In 2018 the top importers of Grape wines, alcoholic grape must nes were United Kingdom ($662M), Germany ($640M), France ($394M), United States ($302M), and China ($217M).

Tariffs: In 2018 the average tariff for Grape wines, alcoholic grape must nes was 29.5%, been the 123 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Grape wines, alcoholic grape must nes are Egypt (1.58k%), Jordan (619%), Cyprus (281%), Trinidad and Tobago (179%), and India (150%). The countries with the lowest tariffs are Liberia (0%), United Arab Emirates (0%), Hong Kong (0%), Japan (0%), and Kuwait (0%).

Ranking: Grape wines, alcoholic grape must nes ranks 3682nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Spain, $804M

Top Destination (2018): United Kingdom, $662M

Grape wines, alcoholic grape must nes are the world's 778th most traded product.

In 2018, the top exporters of Grape wines, alcoholic grape must nes were Spain ($804M), Italy ($486M), Australia ($482M), Chile ($372M), and France ($348M).

In 2018, the top importers of Grape wines, alcoholic grape must nes were United Kingdom ($662M), Germany ($640M), France ($394M), United States ($302M), and China ($217M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $79.1M

Top Destination Growth (2017 - 2018): United Kingdom, $85.7M

Between 2017 and 2018, the exports of Grape wines, alcoholic grape must nes grew the fastest in Spain ($79.1M), Australia ($61.3M), United Kingdom ($41.2M), United States ($28.3M), and Germany ($25M).

Between 2017 and 2018, the fastest growing importers of Grape wines, alcoholic grape must nes were United Kingdom ($85.7M), France ($83.8M), Germany ($62M), China ($35.1M), and Netherlands ($34.8M).

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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 Grape wines, alcoholic grape must nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Grape wines, alcoholic grape must nes are explained by 14 countries.

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TOP NET EXPORTER (2018): Spain, $762M

TOP NET IMPORTER (2018): United Kingdom, $581M

This map shows which countries export or import more of Grape wines, alcoholic grape must nes. Each country is colored based on the difference in exports and imports of Grape wines, alcoholic grape must nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Grape wines, alcoholic grape must nes were Spain ($762M), Australia ($430M), Italy ($390M), Chile ($372M), and New Zealand ($249M).

In 2018, the countries that had a largest trade value in imports than in exports of Grape wines, alcoholic grape must nes were United Kingdom ($581M), Germany ($528M), China ($217M), Sweden ($184M), and Belgium-Luxembourg ($120M).

Trade Forecasts

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This section shows forecasts for total trade for Grape wines, alcoholic grape must 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 Grape wines, alcoholic grape must nes was 29.5%.  The countries with the highest tariffs for importing Grape wines, alcoholic grape must nes were Egypt (1.58k%), Jordan (619%), Cyprus (281%), Trinidad and Tobago (179%), and India (150%).

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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.