HS Icon Chemically Pure Sugars

2940 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.02B, Rnk 901 / 1225

Top Exporter (2018): $225M, Germany

Top Importer (2018): $143M, United States

Product Complexity (2018): 0.19, Rnk 470 / 1018

Export Growth (CAGR)(2017 - 2018): 2.93%, Rnk 1017 / 1225

Mean Tariff (2018): 4%, Rnk 992 / 1259

Share of World Trade (2018): 0.0056%, Rnk 901 / 1225

Overview:  This page contains the latest trade data of Chemically Pure Sugars. In 2018, Chemically Pure Sugars were the world's 901st most traded product, with a total trade of $1.02B. Between 2017 and 2018 the exports of Chemically Pure Sugars grew by 2.93%, from  $994M to $1.02B. Trade in Chemically Pure Sugars represent 0.0056% of total world trade.

Exports: In 2018 the top exporters of Chemically Pure Sugars  were Germany ($225M), China ($135M), United States ($123M), France ($78.2M), and Japan ($69.9M).

Imports: In 2018 the top importers of Chemically Pure Sugars were United States ($143M), Japan ($90.5M), Switzerland ($54.4M), Finland ($48.8M), and Germany ($48M).

Tariffs: In 2018 the average tariff for Chemically Pure Sugars was 4%, been the 992 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Chemically Pure Sugars are Bahamas (40.2%), Bermuda (25%), Slovenia (15%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritania (0%), and Mauritius (0%).

Ranking: Chemically Pure Sugars ranks 470th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $225M

Top Destination (2018): United States, $143M

Chemically Pure Sugars are the world's 901st most traded product.

In 2018, the top exporters of Chemically Pure Sugars were Germany ($225M), China ($135M), United States ($123M), France ($78.2M), and Japan ($69.9M).

In 2018, the top importers of Chemically Pure Sugars were United States ($143M), Japan ($90.5M), Switzerland ($54.4M), Finland ($48.8M), and Germany ($48M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $33.2M

Top Destination Growth (2017 - 2018): Slovenia, $9.6M

Between 2017 and 2018, the exports of Chemically Pure Sugars grew the fastest in Germany ($33.2M), Switzerland ($13.1M), Denmark ($12.6M), Portugal ($8.37M), and United Kingdom ($7.96M).

Between 2017 and 2018, the fastest growing importers of Chemically Pure Sugars were Slovenia ($9.6M), Ireland ($8.66M), China ($8.59M), Belgium-Luxembourg ($8.21M), and United States ($7.98M).

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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 Chemically Pure Sugars.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Chemically Pure Sugars are explained by 15 countries.

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TOP NET EXPORTER (2018): Germany, $177M

TOP NET IMPORTER (2018): Finland, $47.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Chemically Pure Sugars were Germany ($177M), China ($109M), Austria ($56.6M), Thailand ($36.6M), and France ($36.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Chemically Pure Sugars were Finland ($47.3M), Switzerland ($35.1M), Mexico ($32.7M), South Korea ($27.7M), and Poland ($26.5M).

Trade Forecasts

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This section shows forecasts for total trade for Chemically Pure Sugars. 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 Chemically Pure Sugars was 4%.  The countries with the highest tariffs for importing Chemically Pure Sugars were Bahamas (40.2%), Bermuda (25%), Slovenia (15%), Maldives (14.7%), and Algeria (12.2%).

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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.