HS Icon Casein

3501 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.88B, Rnk 757 / 1225

Top Exporter (2018): $565M, New Zealand

Top Importer (2018): $389M, United States

Product Complexity (2018): 0.22, Rnk 463 / 1018

Export Growth (CAGR)(2017 - 2018): -9.98%, Rnk 1177 / 1225

Mean Tariff (2018): 14.7%, Rnk 210 / 1259

Share of World Trade (2018): 0.01%, Rnk 757 / 1225

Overview:  This page contains the latest trade data of Casein. In 2018, Casein were the world's 757th most traded product, with a total trade of $1.88B. Between 2017 and 2018 the exports of Casein decreased by -9.98%, from  $2.08B to $1.88B. Trade in Casein represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Casein  were New Zealand ($565M), Ireland ($293M), France ($210M), Netherlands ($206M), and Germany ($170M).

Imports: In 2018 the top importers of Casein were United States ($389M), Germany ($162M), China ($160M), Mexico ($122M), and Japan ($108M).

Tariffs: In 2018 the average tariff for Casein was 14.7%, been the 210 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Casein are Romania (133%), Bahamas (41%), Bermuda (25%), Maldives (24.5%), and Austria (23%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Sri Lanka (0%).

Ranking: Casein ranks 463rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): New Zealand, $565M

Top Destination (2018): United States, $389M

Casein are the world's 757th most traded product.

In 2018, the top exporters of Casein were New Zealand ($565M), Ireland ($293M), France ($210M), Netherlands ($206M), and Germany ($170M).

In 2018, the top importers of Casein were United States ($389M), Germany ($162M), China ($160M), Mexico ($122M), and Japan ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $12.8M

Top Destination Growth (2017 - 2018): China, $28.9M

Between 2017 and 2018, the exports of Casein grew the fastest in Belgium-Luxembourg ($12.8M), Denmark ($8.95M), India ($6.16M), Portugal ($3.08M), and United States ($2.48M).

Between 2017 and 2018, the fastest growing importers of Casein were China ($28.9M), Singapore ($9.39M), Croatia ($6.18M), Chinese Taipei ($5.53M), and Thailand ($4.09M).

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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 Casein.

In 2018,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Casein are explained by 9 countries.

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TOP NET EXPORTER (2018): New Zealand, $564M

TOP NET IMPORTER (2018): United States, $361M

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

In 2018, the countries that had a largest trade value in exports than in imports of Casein were New Zealand ($564M), Ireland ($290M), France ($180M), Netherlands ($124M), and Denmark ($116M).

In 2018, the countries that had a largest trade value in imports than in exports of Casein were United States ($361M), China ($155M), Mexico ($122M), Japan ($108M), and Indonesia ($60.3M).

Trade Forecasts

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This section shows forecasts for total trade for Casein. 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 Casein was 14.7%.  The countries with the highest tariffs for importing Casein were Romania (133%), Bahamas (41%), Bermuda (25%), Maldives (24.5%), and Austria (23%).

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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.