HS Icon Alcoholic liqueurs nes

220890 (Harmonized System 1992 for 6-digit)

World Trade (2018): $10.7B, Rnk 288 / 4726

Top Exporter (2018): $1.73B, Mexico

Top Importer (2018): $3.26B, United States

Product Complexity (2018): -0.39, Rnk 3242 / 4873

Export Growth (CAGR)(2017 - 2018): 5.39%, Rnk 3287 / 4726

Mean Tariff (2018): 33.3%, Rnk 65 / 6538

Share of World Trade (2018): 0.058%, Rnk 288 / 4726

Overview:  This page contains the latest trade data of Alcoholic liqueurs nes. In 2018, Alcoholic liqueurs nes were the world's 288th most traded product, with a total trade of $10.7B. Between 2017 and 2018 the exports of Alcoholic liqueurs nes grew by 5.39%, from  $10.1B to $10.7B. Trade in Alcoholic liqueurs nes represent 0.058% of total world trade.

Exports: In 2018 the top exporters of Alcoholic liqueurs nes  were Mexico ($1.73B), France ($1.05B), Germany ($842M), Italy ($840M), and China ($621M).

Imports: In 2018 the top importers of Alcoholic liqueurs nes were United States ($3.26B), Germany ($787M), United Kingdom ($510M), Canada ($357M), and France ($342M).

Tariffs: In 2018 the average tariff for Alcoholic liqueurs nes was 33.3%, been the 65 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Alcoholic liqueurs nes are Egypt (2.11k%), Poland (246%), Cyprus (216%), Indonesia (150%), and India (150%). The countries with the lowest tariffs are Liberia (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Kazakhstan (0%).

Ranking: Alcoholic liqueurs nes ranks 3242nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $1.73B

Top Destination (2018): United States, $3.26B

Alcoholic liqueurs nes are the world's 288th most traded product.

In 2018, the top exporters of Alcoholic liqueurs nes were Mexico ($1.73B), France ($1.05B), Germany ($842M), Italy ($840M), and China ($621M).

In 2018, the top importers of Alcoholic liqueurs nes were United States ($3.26B), Germany ($787M), United Kingdom ($510M), Canada ($357M), and France ($342M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $193M

Top Destination Growth (2017 - 2018): Hong Kong, $84.8M

Between 2017 and 2018, the exports of Alcoholic liqueurs nes grew the fastest in China ($193M), Italy ($120M), United States ($115M), United Kingdom ($100M), and Germany ($98.6M).

Between 2017 and 2018, the fastest growing importers of Alcoholic liqueurs nes were Hong Kong ($84.8M), China ($70.6M), Philippines ($66.9M), Italy ($61.7M), and Vietnam ($51.9M).

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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 Alcoholic liqueurs nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Alcoholic liqueurs nes are explained by 23 countries.

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TOP NET EXPORTER (2018): Mexico, $1.65B

TOP NET IMPORTER (2018): United States, $2.81B

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

In 2018, the countries that had a largest trade value in exports than in imports of Alcoholic liqueurs nes were Mexico ($1.65B), France ($704M), Italy ($627M), China ($461M), and Sweden ($450M).

In 2018, the countries that had a largest trade value in imports than in exports of Alcoholic liqueurs nes were United States ($2.81B), Vietnam ($265M), Canada ($211M), Japan ($166M), and Hong Kong ($129M).

Trade Forecasts

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This section shows forecasts for total trade for Alcoholic liqueurs 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 Alcoholic liqueurs nes was 33.3%.  The countries with the highest tariffs for importing Alcoholic liqueurs nes were Egypt (2.11k%), Poland (246%), Cyprus (216%), Indonesia (150%), 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.