HS Icon Other Vegetable Residues and Waste

2308 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.12B, Rnk 888 / 1225

Top Exporter (2018): $285M, Argentina

Top Importer (2018): $129M, United Kingdom

Product Complexity (2018): -0.96, Rnk 809 / 1018

Export Growth (CAGR)(2017 - 2018): 19.1%, Rnk 357 / 1225

Mean Tariff (2018): 18.5%, Rnk 132 / 1259

Share of World Trade (2018): 0.0061%, Rnk 888 / 1225

Overview:  This page contains the latest trade data of Other Vegetable Residues and Waste. In 2018, Other Vegetable Residues and Waste were the world's 888th most traded product, with a total trade of $1.12B. Between 2017 and 2018 the exports of Other Vegetable Residues and Waste grew by 19.1%, from  $941M to $1.12B. Trade in Other Vegetable Residues and Waste represent 0.0061% of total world trade.

Exports: In 2018 the top exporters of Other Vegetable Residues and Waste  were Argentina ($285M), India ($98.8M), United States ($95.9M), Brazil ($91.6M), and China ($86.7M).

Imports: In 2018 the top importers of Other Vegetable Residues and Waste were United Kingdom ($129M), Ireland ($108M), Netherlands ($93.7M), Germany ($82.3M), and United States ($82.1M).

Tariffs: In 2018 the average tariff for Other Vegetable Residues and Waste was 18.5%, been the 132 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Vegetable Residues and Waste are Austria (296%), Iceland (54.4%), Bahamas (40.2%), Tunisia (36%), and Bulgaria (30%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Ranking: Other Vegetable Residues and Waste ranks 809th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Argentina, $285M

Top Destination (2018): United Kingdom, $129M

Other Vegetable Residues and Waste are the world's 888th most traded product.

In 2018, the top exporters of Other Vegetable Residues and Waste were Argentina ($285M), India ($98.8M), United States ($95.9M), Brazil ($91.6M), and China ($86.7M).

In 2018, the top importers of Other Vegetable Residues and Waste were United Kingdom ($129M), Ireland ($108M), Netherlands ($93.7M), Germany ($82.3M), and United States ($82.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Argentina, $41.4M

Top Destination Growth (2017 - 2018): Ireland, $45.7M

Between 2017 and 2018, the exports of Other Vegetable Residues and Waste grew the fastest in Argentina ($41.4M), China ($37.6M), Netherlands ($21.4M), United States ($20.2M), and Denmark ($14.4M).

Between 2017 and 2018, the fastest growing importers of Other Vegetable Residues and Waste were Ireland ($45.7M), United States ($33.2M), Japan ($31.9M), Spain ($28.8M), and United Kingdom ($25.1M).

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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 and Waste.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Other Vegetable Residues and Waste are explained by 19 countries.

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TOP NET EXPORTER (2018): Argentina, $285M

TOP NET IMPORTER (2018): United Kingdom, $114M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Vegetable Residues and Waste were Argentina ($285M), India ($97.8M), Brazil ($87.5M), China ($37.2M), and Vietnam ($29.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Vegetable Residues and Waste were United Kingdom ($114M), Ireland ($100M), Japan ($76.7M), Germany ($63.8M), and Norway ($61.3M).

Trade Forecasts

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This section shows forecasts for total trade for Other Vegetable Residues 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 Other Vegetable Residues and Waste was 18.5%.  The countries with the highest tariffs for importing Other Vegetable Residues and Waste were Austria (296%), Iceland (54.4%), Bahamas (40.2%), Tunisia (36%), and Bulgaria (30%).

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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.