HS Icon Vegetable Alkaloids

2939 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.8B, Rnk 763 / 1225

Top Exporter (2018): $322M, Germany

Top Importer (2018): $361M, United States

Product Complexity (2018): -0.23, Rnk 620 / 1018

Export Growth (CAGR)(2017 - 2018): 9.01%, Rnk 817 / 1225

Mean Tariff (2018): 2.65%, Rnk 1169 / 1259

Share of World Trade (2018): 0.0098%, Rnk 763 / 1225

Overview: In 2018, Vegetable Alkaloids were the world's 763rd most traded product, with a total trade of $1.8B. Between 2017 and 2018 the exports of Vegetable Alkaloids grew by 9.01%, from  $1.65B to $1.8B. Trade in Vegetable Alkaloids represent 0.0098% of total world trade.

Exports: In 2018 the top exporters of Vegetable Alkaloids  were Germany ($322M), India ($232M), China ($188M), United Kingdom ($183M), and Switzerland ($114M).

Imports: In 2018 the top importers of Vegetable Alkaloids were United States ($361M), United Kingdom ($117M), Germany ($100M), Mexico ($88.2M), and Italy ($87.4M).

Tariffs: In 2018 the average tariff for Vegetable Alkaloids was 2.65%, been the 1169 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vegetable Alkaloids are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.9%), and Cuba (12.3%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Vegetable Alkaloids ranks 620th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $322M

Top Destination (2018): United States, $361M

Vegetable Alkaloids are the world's 763rd most traded product.

In 2018, the top exporters of Vegetable Alkaloids were Germany ($322M), India ($232M), China ($188M), United Kingdom ($183M), and Switzerland ($114M).

In 2018, the top importers of Vegetable Alkaloids were United States ($361M), United Kingdom ($117M), Germany ($100M), Mexico ($88.2M), and Italy ($87.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $67.8M

Top Destination Growth (2017 - 2018): Switzerland, $22.8M

Between 2017 and 2018, the exports of Vegetable Alkaloids grew the fastest in Germany ($67.8M), India ($33.3M), China ($32.2M), Czechia ($19.4M), and France ($12.7M).

Between 2017 and 2018, the fastest growing importers of Vegetable Alkaloids were Switzerland ($22.8M), France ($19.9M), Italy ($12.3M), United Kingdom ($12.3M), and Canada ($10.9M).

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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 Vegetable Alkaloids.

In 2018,  market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Vegetable Alkaloids are explained by 16 countries.

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TOP NET EXPORTER (2018): Germany, $221M

TOP NET IMPORTER (2018): United States, $284M

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

In 2018, the countries that had a largest trade value in exports than in imports of Vegetable Alkaloids were Germany ($221M), India ($177M), China ($152M), Czechia ($79.3M), and United Kingdom ($65.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetable Alkaloids were United States ($284M), Mexico ($72.5M), Brazil ($60.6M), Ireland ($52.2M), and Japan ($46.5M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetable Alkaloids. 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 Vegetable Alkaloids was 2.65%.  The countries with the highest tariffs for importing Vegetable Alkaloids were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.9%), and Cuba (12.3%).

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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.