HS Icon Peat (including peat litter)

270300 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.93B, Rnk 1365 / 4726

Top Exporter (2018): $372M, Canada

Top Importer (2018): $487M, Afghanistan

Product Complexity (2018): -0.21, Rnk 2948 / 4873

Export Growth (CAGR)(2017 - 2018): 50.1%, Rnk 335 / 4726

Mean Tariff (2018): 2.46%, Rnk 5996 / 6538

Share of World Trade (2018): 0.011%, Rnk 1365 / 4726

Overview:  This page contains the latest trade data of Peat (including peat litter). In 2018, Peat (including peat litter) were the world's 1365th most traded product, with a total trade of $1.93B. Between 2017 and 2018 the exports of Peat (including peat litter) grew by 50.1%, from  $1.29B to $1.93B. Trade in Peat (including peat litter) represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Peat (including peat litter)  were Canada ($372M), Iran ($308M), Latvia ($210M), Germany ($210M), and Turkmenistan ($178M).

Imports: In 2018 the top importers of Peat (including peat litter) were Afghanistan ($487M), United States ($367M), Netherlands ($114M), France ($99.6M), and Germany ($97M).

Tariffs: In 2018 the average tariff for Peat (including peat litter) was 2.46%, been the 5996 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Peat (including peat litter) are Bermuda (25%), Zambia (13.6%), Panama (10%), Bangladesh (9.84%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Peat (including peat litter) ranks 2948th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $372M

Top Destination (2018): Afghanistan, $487M

Peat (including peat litter) are the world's 1365th most traded product.

In 2018, the top exporters of Peat (including peat litter) were Canada ($372M), Iran ($308M), Latvia ($210M), Germany ($210M), and Turkmenistan ($178M).

In 2018, the top importers of Peat (including peat litter) were Afghanistan ($487M), United States ($367M), Netherlands ($114M), France ($99.6M), and Germany ($97M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Iran, $308M

Top Destination Growth (2017 - 2018): Afghanistan, $487M

Between 2017 and 2018, the exports of Peat (including peat litter) grew the fastest in Iran ($308M), Turkmenistan ($178M), Netherlands ($31.5M), Latvia ($26.8M), and United States ($17.2M).

Between 2017 and 2018, the fastest growing importers of Peat (including peat litter) were Afghanistan ($487M), Belgium-Luxembourg ($16.2M), Germany ($15.7M), France ($14.5M), and Poland ($14.5M).

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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 Peat (including peat litter).

In 2018,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Peat (including peat litter) are explained by 12 countries.

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TOP NET EXPORTER (2018): Canada, $356M

TOP NET IMPORTER (2018): United States, $347M

This map shows which countries export or import more of Peat (including peat litter). Each country is colored based on the difference in exports and imports of Peat (including peat litter) during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Peat (including peat litter) were Canada ($356M), Iran ($307M), Latvia ($205M), Turkmenistan ($178M), and Germany ($113M).

In 2018, the countries that had a largest trade value in imports than in exports of Peat (including peat litter) were United States ($347M), France ($96.8M), Italy ($73M), United Kingdom ($55.8M), and Spain ($46.5M).

Trade Forecasts

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This section shows forecasts for total trade for Peat (including peat litter). 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 Peat (including peat litter) was 2.46%.  The countries with the highest tariffs for importing Peat (including peat litter) were Bermuda (25%), Zambia (13.6%), Panama (10%), Bangladesh (9.84%), and Cameroon (9.81%).

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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.