HS Icon Vitamins

2936 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.93B, Rnk 327 / 1225

Top Exporter (2018): $3.82B, China

Top Importer (2018): $1.54B, United States

Product Complexity (2018): 1.06, Rnk 155 / 1018

Export Growth (CAGR)(2017 - 2018): 24.2%, Rnk 245 / 1225

Mean Tariff (2018): 2.07%, Rnk 1226 / 1259

Share of World Trade (2018): 0.054%, Rnk 327 / 1225

Overview: In 2018, Vitamins were the world's 327th most traded product, with a total trade of $9.93B. Between 2017 and 2018 the exports of Vitamins grew by 24.2%, from  $8B to $9.93B. Trade in Vitamins represent 0.054% of total world trade.

Exports: In 2018 the top exporters of Vitamins  were China ($3.82B), Switzerland ($1.11B), Germany ($959M), United States ($859M), and France ($511M).

Imports: In 2018 the top importers of Vitamins were United States ($1.54B), Germany ($738M), Netherlands ($639M), China ($397M), and France ($368M).

Tariffs: In 2018 the average tariff for Vitamins was 2.07%, been the 1226 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vitamins are Bermuda (25%), Maldives (14.7%), Algeria (12.4%), Cuba (9.85%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mozambique (0%), and Mauritania (0%).

Ranking: Vitamins ranks 155th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.82B

Top Destination (2018): United States, $1.54B

Vitamins are the world's 327th most traded product.

In 2018, the top exporters of Vitamins were China ($3.82B), Switzerland ($1.11B), Germany ($959M), United States ($859M), and France ($511M).

In 2018, the top importers of Vitamins were United States ($1.54B), Germany ($738M), Netherlands ($639M), China ($397M), and France ($368M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $504M

Top Destination Growth (2017 - 2018): United States, $256M

Between 2017 and 2018, the exports of Vitamins grew the fastest in China ($504M), Switzerland ($462M), United States ($306M), France ($127M), and Australia ($74M).

Between 2017 and 2018, the fastest growing importers of Vitamins were United States ($256M), Brazil ($151M), Germany ($140M), Netherlands ($122M), and China ($95.9M).

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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 Vitamins.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Vitamins are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $3.43B

TOP NET IMPORTER (2018): United States, $685M

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

In 2018, the countries that had a largest trade value in exports than in imports of Vitamins were China ($3.43B), Switzerland ($996M), Germany ($221M), France ($143M), and United Kingdom ($120M).

In 2018, the countries that had a largest trade value in imports than in exports of Vitamins were United States ($685M), Brazil ($303M), Canada ($282M), Japan ($217M), and Indonesia ($192M).

Trade Forecasts

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This section shows forecasts for total trade for Vitamins. 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 Vitamins was 2.07%.  The countries with the highest tariffs for importing Vitamins were Bermuda (25%), Maldives (14.7%), Algeria (12.4%), Cuba (9.85%), 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.