HS Icon Mixed odoriferous substances - food & drink industrie

330210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $16.8B, Rnk 163 / 4726

Top Exporter (2018): $8.73B, Ireland

Top Importer (2018): $2.89B, United States

Product Complexity (2018): -0.38, Rnk 3238 / 4873

Export Growth (CAGR)(2017 - 2018): 9.65%, Rnk 2725 / 4726

Mean Tariff (2018): 10.1%, Rnk 2219 / 6538

Share of World Trade (2018): 0.092%, Rnk 163 / 4726

Overview:  This page contains the latest trade data of Mixed odoriferous substances - food & drink industrie. In 2018, Mixed odoriferous substances - food & drink industrie were the world's 163rd most traded product, with a total trade of $16.8B. Between 2017 and 2018 the exports of Mixed odoriferous substances - food & drink industrie grew by 9.65%, from  $15.3B to $16.8B. Trade in Mixed odoriferous substances - food & drink industrie represent 0.092% of total world trade.

Exports: In 2018 the top exporters of Mixed odoriferous substances - food & drink industrie  were Ireland ($8.73B), United States ($1.34B), Germany ($1.07B), France ($836M), and Singapore ($702M).

Imports: In 2018 the top importers of Mixed odoriferous substances - food & drink industrie were United States ($2.89B), Mexico ($1.39B), France ($935M), United Kingdom ($849M), and Germany ($840M).

Tariffs: In 2018 the average tariff for Mixed odoriferous substances - food & drink industrie was 10.1%, been the 2219 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mixed odoriferous substances - food & drink industrie are Egypt (843%), Indonesia (101%), Romania (46.3%), Bahamas (41.8%), and Hungary (27.3%). The countries with the lowest tariffs are Angola (0%), Mauritania (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Ranking: Mixed odoriferous substances - food & drink industrie ranks 3238th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ireland, $8.73B

Top Destination (2018): United States, $2.89B

Mixed odoriferous substances - food & drink industrie are the world's 163rd most traded product.

In 2018, the top exporters of Mixed odoriferous substances - food & drink industrie were Ireland ($8.73B), United States ($1.34B), Germany ($1.07B), France ($836M), and Singapore ($702M).

In 2018, the top importers of Mixed odoriferous substances - food & drink industrie were United States ($2.89B), Mexico ($1.39B), France ($935M), United Kingdom ($849M), and Germany ($840M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $692M

Top Destination Growth (2017 - 2018): United States, $443M

Between 2017 and 2018, the exports of Mixed odoriferous substances - food & drink industrie grew the fastest in Ireland ($692M), Singapore ($228M), United States ($173M), Germany ($118M), and Egypt ($107M).

Between 2017 and 2018, the fastest growing importers of Mixed odoriferous substances - food & drink industrie were United States ($443M), United Kingdom ($163M), Germany ($98.2M), Poland ($75M), and Netherlands ($72.9M).

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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 Mixed odoriferous substances - food & drink industrie.

In 2018,  market concentration measured using Shannon Entropy, was 3.09. This means that most of the exports of Mixed odoriferous substances - food & drink industrie are explained by 8 countries.

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TOP NET EXPORTER (2018): Ireland, $8.45B

TOP NET IMPORTER (2018): United States, $1.55B

This map shows which countries export or import more of Mixed odoriferous substances - food & drink industrie. Each country is colored based on the difference in exports and imports of Mixed odoriferous substances - food & drink industrie during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Mixed odoriferous substances - food & drink industrie were Ireland ($8.45B), Singapore ($610M), Switzerland ($325M), Germany ($228M), and South Africa ($141M).

In 2018, the countries that had a largest trade value in imports than in exports of Mixed odoriferous substances - food & drink industrie were United States ($1.55B), Mexico ($1.3B), United Kingdom ($527M), Canada ($390M), and Poland ($370M).

Trade Forecasts

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This section shows forecasts for total trade for Mixed odoriferous substances - food & drink industrie. 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 Mixed odoriferous substances - food & drink industrie was 10.1%.  The countries with the highest tariffs for importing Mixed odoriferous substances - food & drink industrie were Egypt (843%), Indonesia (101%), Romania (46.3%), Bahamas (41.8%), and Hungary (27.3%).

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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.