HS Icon Brewing or distilling dregs and waste

230330 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.03B, Rnk 996 / 4726

Top Exporter (2018): $2.47B, United States

Top Importer (2018): $408M, Mexico

Product Complexity (2018): 0.31, Rnk 2044 / 4873

Export Growth (CAGR)(2017 - 2018): 23.9%, Rnk 1122 / 4726

Mean Tariff (2018): 6.66%, Rnk 3333 / 6538

Share of World Trade (2018): 0.016%, Rnk 996 / 4726

Overview:  This page contains the latest trade data of Brewing or distilling dregs and waste. In 2018, Brewing or distilling dregs and waste were the world's 996th most traded product, with a total trade of $3.03B. Between 2017 and 2018 the exports of Brewing or distilling dregs and waste grew by 23.9%, from  $2.45B to $3.03B. Trade in Brewing or distilling dregs and waste represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Brewing or distilling dregs and waste  were United States ($2.47B), Netherlands ($84.9M), Canada ($80.9M), Hungary ($58.7M), and Austria ($40.9M).

Imports: In 2018 the top importers of Brewing or distilling dregs and waste were Mexico ($408M), Vietnam ($269M), Turkey ($260M), South Korea ($234M), and Thailand ($197M).

Tariffs: In 2018 the average tariff for Brewing or distilling dregs and waste was 6.66%, been the 3333 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Brewing or distilling dregs and waste are Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), Estonia (30%), and Algeria (27.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Brewing or distilling dregs and waste ranks 2044th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $2.47B

Top Destination (2018): Mexico, $408M

Brewing or distilling dregs and waste are the world's 996th most traded product.

In 2018, the top exporters of Brewing or distilling dregs and waste were United States ($2.47B), Netherlands ($84.9M), Canada ($80.9M), Hungary ($58.7M), and Austria ($40.9M).

In 2018, the top importers of Brewing or distilling dregs and waste were Mexico ($408M), Vietnam ($269M), Turkey ($260M), South Korea ($234M), and Thailand ($197M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $596M

Top Destination Growth (2017 - 2018): Vietnam, $156M

Between 2017 and 2018, the exports of Brewing or distilling dregs and waste grew the fastest in United States ($596M), Netherlands ($21.2M), Hungary ($15.9M), Nigeria ($10.7M), and Belgium-Luxembourg ($9.27M).

Between 2017 and 2018, the fastest growing importers of Brewing or distilling dregs and waste were Vietnam ($156M), South Korea ($76.5M), Thailand ($70.4M), United Kingdom ($47M), and Ireland ($41.8M).

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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 Brewing or distilling dregs and waste.

In 2018,  market concentration measured using Shannon Entropy, was 1.48. This means that most of the exports of Brewing or distilling dregs and waste are explained by 2 countries.

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TOP NET EXPORTER (2018): United States, $2.41B

TOP NET IMPORTER (2018): Mexico, $408M

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

In 2018, the countries that had a largest trade value in exports than in imports of Brewing or distilling dregs and waste were United States ($2.41B), Netherlands ($51.4M), Hungary ($51.2M), Austria ($34.3M), and Belgium-Luxembourg ($26.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Brewing or distilling dregs and waste were Mexico ($408M), Vietnam ($264M), Turkey ($259M), South Korea ($233M), and Thailand ($193M).

Trade Forecasts

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This section shows forecasts for total trade for Brewing or distilling dregs and waste. 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 Brewing or distilling dregs and waste was 6.66%.  The countries with the highest tariffs for importing Brewing or distilling dregs and waste were Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), Estonia (30%), and Algeria (27.6%).

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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.