HS Icon Other Vegetable Residues

2306 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.96B, Rnk 426 / 1225

Top Exporter (2018): $1.34B, Canada

Top Importer (2018): $958M, United States

Product Complexity (2018): -1.12, Rnk 846 / 1018

Export Growth (CAGR)(2017 - 2018): 26.2%, Rnk 217 / 1225

Mean Tariff (2018): 4.79%, Rnk 856 / 1259

Share of World Trade (2018): 0.038%, Rnk 426 / 1225

Overview:  This page contains the latest trade data of Other Vegetable Residues. In 2018, Other Vegetable Residues were the world's 426th most traded product, with a total trade of $6.96B. Between 2017 and 2018 the exports of Other Vegetable Residues grew by 26.2%, from  $5.51B to $6.96B. Trade in Other Vegetable Residues represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Other Vegetable Residues  were Canada ($1.34B), Ukraine ($935M), Indonesia ($758M), Germany ($449M), and India ($362M).

Imports: In 2018 the top importers of Other Vegetable Residues were United States ($958M), Netherlands ($696M), China ($629M), France ($349M), and Germany ($346M).

Tariffs: In 2018 the average tariff for Other Vegetable Residues was 4.79%, been the 856 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Vegetable Residues are Iceland (52.7%), Bahamas (40.3%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritania (0%), Mauritius (0%), and Hong Kong (0%).

Ranking: Other Vegetable Residues ranks 846th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $1.34B

Top Destination (2018): United States, $958M

Other Vegetable Residues are the world's 426th most traded product.

In 2018, the top exporters of Other Vegetable Residues were Canada ($1.34B), Ukraine ($935M), Indonesia ($758M), Germany ($449M), and India ($362M).

In 2018, the top importers of Other Vegetable Residues were United States ($958M), Netherlands ($696M), China ($629M), France ($349M), and Germany ($346M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $200M

Top Destination Growth (2017 - 2018): China, $278M

Between 2017 and 2018, the exports of Other Vegetable Residues grew the fastest in Indonesia ($200M), Canada ($152M), India ($128M), Ukraine ($115M), and United Arab Emirates ($107M).

Between 2017 and 2018, the fastest growing importers of Other Vegetable Residues were China ($278M), Netherlands ($201M), Vietnam ($115M), South Korea ($90.9M), and Thailand ($69.5M).

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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 Other Vegetable Residues.

In 2018,  market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Other Vegetable Residues are explained by 20 countries.

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TOP NET EXPORTER (2018): Canada, $1.34B

TOP NET IMPORTER (2018): United States, $911M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Vegetable Residues were Canada ($1.34B), Ukraine ($934M), Indonesia ($740M), Malaysia ($318M), and Russia ($276M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Vegetable Residues were United States ($911M), China ($565M), Netherlands ($471M), South Korea ($283M), and New Zealand ($280M).

Trade Forecasts

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This section shows forecasts for total trade for Other Vegetable Residues. 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 Other Vegetable Residues was 4.79%.  The countries with the highest tariffs for importing Other Vegetable Residues were Iceland (52.7%), Bahamas (40.3%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%).

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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.