HS Icon Hard Liquor

2208 (Harmonized System 1992 for 4-digit)

World Trade (2018): $32.5B, Rnk 115 / 1225

Top Exporter (2018): $8.11B, United Kingdom

Top Importer (2018): $7.56B, United States

Product Complexity (2018): -0.52, Rnk 703 / 1018

Export Growth (CAGR)(2017 - 2018): 6.98%, Rnk 891 / 1225

Mean Tariff (2018): 30.9%, Rnk 20 / 1259

Share of World Trade (2018): 0.18%, Rnk 115 / 1225

Overview: In 2018, Hard Liquor were the world's 115th most traded product, with a total trade of $32.5B. Between 2017 and 2018 the exports of Hard Liquor grew by 6.98%, from  $30.4B to $32.5B. Trade in Hard Liquor represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Hard Liquor  were United Kingdom ($8.11B), France ($5.25B), United States ($2.23B), Mexico ($1.75B), and Singapore ($1.58B).

Imports: In 2018 the top importers of Hard Liquor were United States ($7.56B), Germany ($1.73B), Singapore ($1.48B), China ($1.43B), and France ($1.37B).

Tariffs: In 2018 the average tariff for Hard Liquor was 30.9%, been the 20 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hard Liquor are Egypt (2.4k%), Poland (255%), Jordan (173%), Cyprus (169%), and Indonesia (150%). The countries with the lowest tariffs are Liberia (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Kazakhstan (0%).

Ranking: Hard Liquor ranks 703rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $8.11B

Top Destination (2018): United States, $7.56B

Hard Liquor are the world's 115th most traded product.

In 2018, the top exporters of Hard Liquor were United Kingdom ($8.11B), France ($5.25B), United States ($2.23B), Mexico ($1.75B), and Singapore ($1.58B).

In 2018, the top importers of Hard Liquor were United States ($7.56B), Germany ($1.73B), Singapore ($1.48B), China ($1.43B), and France ($1.37B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $324M

Top Destination Growth (2017 - 2018): China, $264M

Between 2017 and 2018, the exports of Hard Liquor grew the fastest in United States ($324M), United Kingdom ($244M), Italy ($231M), Germany ($192M), and China ($181M).

Between 2017 and 2018, the fastest growing importers of Hard Liquor were China ($264M), Vietnam ($200M), Netherlands ($185M), Latvia ($142M), and Hong Kong ($141M).

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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 Hard Liquor.

In 2018,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Hard Liquor are explained by 18 countries.

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TOP NET EXPORTER (2018): United Kingdom, $7.04B

TOP NET IMPORTER (2018): United States, $5.33B

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

In 2018, the countries that had a largest trade value in exports than in imports of Hard Liquor were United Kingdom ($7.04B), France ($3.89B), Mexico ($1.36B), Ireland ($1.22B), and Italy ($615M).

In 2018, the countries that had a largest trade value in imports than in exports of Hard Liquor were United States ($5.33B), Vietnam ($1.19B), China ($761M), Russia ($686M), and Japan ($449M).

Trade Forecasts

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This section shows forecasts for total trade for Hard Liquor. 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 Hard Liquor was 30.9%.  The countries with the highest tariffs for importing Hard Liquor were Egypt (2.4k%), Poland (255%), Jordan (173%), Cyprus (169%), and Indonesia (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.