HS Icon Linseed oil-cake and other solid residues

230620 (Harmonized System 1992 for 6-digit)

World Trade (2018): $68.3M, Rnk 4293 / 4726

Top Exporter (2018): $41.9M, Belgium-Luxembourg

Top Importer (2018): $37.2M, France

Product Complexity (2018): -0.24, Rnk 3013 / 4873

Export Growth (CAGR)(2017 - 2018): 2.31%, Rnk 3606 / 4726

Mean Tariff (2018): 4.79%, Rnk 4301 / 6538

Share of World Trade (2018): 0.00037%, Rnk 4293 / 4726

Overview:  This page contains the latest trade data of Linseed oil-cake and other solid residues. In 2018, Linseed oil-cake and other solid residues were the world's 4293rd most traded product, with a total trade of $68.3M. Between 2017 and 2018 the exports of Linseed oil-cake and other solid residues grew by 2.31%, from  $66.7M to $68.3M. Trade in Linseed oil-cake and other solid residues represent 0.00037% of total world trade.

Exports: In 2018 the top exporters of Linseed oil-cake and other solid residues  were Belgium-Luxembourg ($41.9M), Kazakhstan ($5.13M), Germany ($4.63M), China ($3.08M), and Canada ($2.65M).

Imports: In 2018 the top importers of Linseed oil-cake and other solid residues were France ($37.2M), Italy ($6.71M), Netherlands ($5.63M), United States ($5.03M), and Belgium-Luxembourg ($2.86M).

Tariffs: In 2018 the average tariff for Linseed oil-cake and other solid residues was 4.79%, been the 4301 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Linseed oil-cake and other solid residues are Iceland (52.7%), Bahamas (40.2%), 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: Linseed oil-cake and other solid residues ranks 3013th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $41.9M

Top Destination (2018): France, $37.2M

Linseed oil-cake and other solid residues are the world's 4293rd most traded product.

In 2018, the top exporters of Linseed oil-cake and other solid residues were Belgium-Luxembourg ($41.9M), Kazakhstan ($5.13M), Germany ($4.63M), China ($3.08M), and Canada ($2.65M).

In 2018, the top importers of Linseed oil-cake and other solid residues were France ($37.2M), Italy ($6.71M), Netherlands ($5.63M), United States ($5.03M), and Belgium-Luxembourg ($2.86M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.96M

Top Destination Growth (2017 - 2018): France, $2.37M

Between 2017 and 2018, the exports of Linseed oil-cake and other solid residues grew the fastest in China ($1.96M), Belgium-Luxembourg ($1.93M), Estonia ($672k), Poland ($665k), and Ghana ($522k).

Between 2017 and 2018, the fastest growing importers of Linseed oil-cake and other solid residues were France ($2.37M), United States ($1.84M), Italy ($796k), Turkey ($610k), and Switzerland ($449k).

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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 Linseed oil-cake and other solid residues.

In 2018,  market concentration measured using Shannon Entropy, was 2.34. This means that most of the exports of Linseed oil-cake and other solid residues are explained by 5 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $39M

TOP NET IMPORTER (2018): France, $36.5M

This map shows which countries export or import more of Linseed oil-cake and other solid residues. Each country is colored based on the difference in exports and imports of Linseed oil-cake and other solid residues during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Linseed oil-cake and other solid residues were Belgium-Luxembourg ($39M), Kazakhstan ($5.13M), China ($3.07M), Germany ($3.06M), and Ukraine ($2.04M).

In 2018, the countries that had a largest trade value in imports than in exports of Linseed oil-cake and other solid residues were France ($36.5M), Italy ($6.34M), United States ($4.39M), Netherlands ($3.6M), and Russia ($1.7M).

Trade Forecasts

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This section shows forecasts for total trade for Linseed oil-cake and other solid 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 Linseed oil-cake and other solid residues was 4.79%.  The countries with the highest tariffs for importing Linseed oil-cake and other solid residues were Iceland (52.7%), Bahamas (40.2%), 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.