HS Icon Products of tobacco, substitute nes, extract, essence

240399 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.68B, Rnk 1094 / 4726

Top Exporter (2018): $686M, Italy

Top Importer (2018): $839M, Japan

Export Growth (CAGR)(2017 - 2018): 45.1%, Rnk 414 / 4726

Mean Tariff (2018): 30.3%, Rnk 107 / 6538

Share of World Trade (2018): 0.015%, Rnk 1094 / 4726

Overview:  This page contains the latest trade data of Products of tobacco, substitute nes, extract, essence. In 2018, Products of tobacco, substitute nes, extract, essence were the world's 1094th most traded product, with a total trade of $2.68B. Between 2017 and 2018 the exports of Products of tobacco, substitute nes, extract, essence grew by 45.1%, from  $1.85B to $2.68B. Trade in Products of tobacco, substitute nes, extract, essence represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Products of tobacco, substitute nes, extract, essence  were Italy ($686M), Sweden ($294M), South Korea ($258M), India ($242M), and Netherlands ($165M).

Imports: In 2018 the top importers of Products of tobacco, substitute nes, extract, essence were Japan ($839M), Norway ($236M), South Korea ($142M), Egypt ($130M), and Turkey ($117M).

Tariffs: In 2018 the average tariff for Products of tobacco, substitute nes, extract, essence was 30.3%, been the 107 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Products of tobacco, substitute nes, extract, essence are Sri Lanka (250%), Poland (230%), Maldives (195%), United States (161%), and Saudi Arabia (123%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $686M

Top Destination (2018): Japan, $839M

Products of tobacco, substitute nes, extract, essence are the world's 1094th most traded product.

In 2018, the top exporters of Products of tobacco, substitute nes, extract, essence were Italy ($686M), Sweden ($294M), South Korea ($258M), India ($242M), and Netherlands ($165M).

In 2018, the top importers of Products of tobacco, substitute nes, extract, essence were Japan ($839M), Norway ($236M), South Korea ($142M), Egypt ($130M), and Turkey ($117M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $247M

Top Destination Growth (2017 - 2018): Japan, $146M

Between 2017 and 2018, the exports of Products of tobacco, substitute nes, extract, essence grew the fastest in South Korea ($247M), Greece ($98.7M), Romania ($97M), Ukraine ($71.4M), and Sweden ($58.9M).

Between 2017 and 2018, the fastest growing importers of Products of tobacco, substitute nes, extract, essence were Japan ($146M), Egypt ($130M), South Korea ($68.3M), Netherlands ($54.4M), and United States ($45.8M).

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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 Products of tobacco, substitute nes, extract, essence.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Products of tobacco, substitute nes, extract, essence are explained by 15 countries.

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TOP NET EXPORTER (2018): Italy, $678M

TOP NET IMPORTER (2018): Japan, $820M

This map shows which countries export or import more of Products of tobacco, substitute nes, extract, essence. Each country is colored based on the difference in exports and imports of Products of tobacco, substitute nes, extract, essence during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Products of tobacco, substitute nes, extract, essence were Italy ($678M), Sweden ($274M), India ($234M), South Korea ($115M), and Romania ($102M).

In 2018, the countries that had a largest trade value in imports than in exports of Products of tobacco, substitute nes, extract, essence were Japan ($820M), Norway ($233M), Egypt ($130M), Turkey ($102M), and United Arab Emirates ($64.4M).

Trade Forecasts

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This section shows forecasts for total trade for Products of tobacco, substitute nes, extract, essence. 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 Products of tobacco, substitute nes, extract, essence was 30.3%.  The countries with the highest tariffs for importing Products of tobacco, substitute nes, extract, essence were Sri Lanka (250%), Poland (230%), Maldives (195%), United States (161%), and Saudi Arabia (123%).

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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.