HS Icon Processed Tobacco

2403 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.46B, Rnk 408 / 1225

Top Exporter (2018): $904M, Netherlands

Top Importer (2018): $1.14B, Japan

Product Complexity (2018): -0.74, Rnk 759 / 1018

Export Growth (CAGR)(2017 - 2018): 17.5%, Rnk 406 / 1225

Mean Tariff (2018): 31.6%, Rnk 18 / 1259

Share of World Trade (2018): 0.041%, Rnk 408 / 1225

Overview: In 2018, Processed Tobacco were the world's 408th most traded product, with a total trade of $7.46B. Between 2017 and 2018 the exports of Processed Tobacco grew by 17.5%, from  $6.34B to $7.46B. Trade in Processed Tobacco represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Processed Tobacco  were Netherlands ($904M), Italy ($884M), Germany ($786M), Poland ($505M), and South Korea ($361M).

Imports: In 2018 the top importers of Processed Tobacco were Japan ($1.14B), Germany ($529M), Belgium-Luxembourg ($296M), Norway ($266M), and South Korea ($241M).

Tariffs: In 2018 the average tariff for Processed Tobacco was 31.6%, been the 18 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Processed Tobacco are Poland (230%), Sri Lanka (229%), Maldives (195%), Barbados (175%), and Saudi Arabia (153%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Processed Tobacco ranks 759th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Netherlands, $904M

Top Destination (2018): Japan, $1.14B

Processed Tobacco are the world's 408th most traded product.

In 2018, the top exporters of Processed Tobacco were Netherlands ($904M), Italy ($884M), Germany ($786M), Poland ($505M), and South Korea ($361M).

In 2018, the top importers of Processed Tobacco were Japan ($1.14B), Germany ($529M), Belgium-Luxembourg ($296M), Norway ($266M), and South Korea ($241M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $226M

Top Destination Growth (2017 - 2018): Japan, $206M

Between 2017 and 2018, the exports of Processed Tobacco grew the fastest in South Korea ($226M), United Arab Emirates ($208M), Italy ($161M), Greece ($118M), and Zimbabwe ($91.8M).

Between 2017 and 2018, the fastest growing importers of Processed Tobacco were Japan ($206M), Egypt ($117M), Iran ($98.4M), South Korea ($94.3M), and Germany ($91.4M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Processed Tobacco.

In 2018,  market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Processed Tobacco are explained by 26 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Italy, $756M

TOP NET IMPORTER (2018): Japan, $1.11B

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

In 2018, the countries that had a largest trade value in exports than in imports of Processed Tobacco were Italy ($756M), Netherlands ($714M), Poland ($278M), Sweden ($264M), and Germany ($257M).

In 2018, the countries that had a largest trade value in imports than in exports of Processed Tobacco were Japan ($1.11B), Norway ($262M), Spain ($237M), Iran ($219M), and Egypt ($111M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Processed Tobacco. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Processed Tobacco was 31.6%.  The countries with the highest tariffs for importing Processed Tobacco were Poland (230%), Sri Lanka (229%), Maldives (195%), Barbados (175%), and Saudi Arabia (153%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.