HS Icon Water Soluble Proteins

3502 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.51B, Rnk 812 / 1225

Top Exporter (2018): $343M, United States

Top Importer (2018): $188M, Japan

Product Complexity (2018): 0.32, Rnk 436 / 1018

Export Growth (CAGR)(2017 - 2018): -6%, Rnk 1148 / 1225

Mean Tariff (2018): 10.1%, Rnk 418 / 1259

Share of World Trade (2018): 0.0082%, Rnk 812 / 1225

Overview: In 2018, Water Soluble Proteins were the world's 812th most traded product, with a total trade of $1.51B. Between 2017 and 2018 the exports of Water Soluble Proteins decreased by -6%, from  $1.6B to $1.51B. Trade in Water Soluble Proteins represent 0.0082% of total world trade.

Exports: In 2018 the top exporters of Water Soluble Proteins  were United States ($343M), Germany ($232M), Netherlands ($224M), New Zealand ($144M), and France ($71.8M).

Imports: In 2018 the top importers of Water Soluble Proteins were Japan ($188M), China ($170M), United Kingdom ($118M), Netherlands ($103M), and Germany ($101M).

Tariffs: In 2018 the average tariff for Water Soluble Proteins was 10.1%, been the 418 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Water Soluble Proteins are Romania (69.5%), Bahamas (40.2%), Cambodia (35%), Bermuda (25%), and Zambia (22.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Water Soluble Proteins ranks 436th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $343M

Top Destination (2018): Japan, $188M

Water Soluble Proteins are the world's 812th most traded product.

In 2018, the top exporters of Water Soluble Proteins were United States ($343M), Germany ($232M), Netherlands ($224M), New Zealand ($144M), and France ($71.8M).

In 2018, the top importers of Water Soluble Proteins were Japan ($188M), China ($170M), United Kingdom ($118M), Netherlands ($103M), and Germany ($101M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $14M

Top Destination Growth (2017 - 2018): New Zealand, $15.7M

Between 2017 and 2018, the exports of Water Soluble Proteins grew the fastest in Ireland ($14M), Australia ($13.6M), Belgium-Luxembourg ($8.25M), Lithuania ($6.56M), and Italy ($5.99M).

Between 2017 and 2018, the fastest growing importers of Water Soluble Proteins were New Zealand ($15.7M), India ($12.7M), France ($7.87M), Italy ($7.45M), and Ireland ($6.08M).

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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 Water Soluble Proteins.

In 2018,  market concentration measured using Shannon Entropy, was 3.7. This means that most of the exports of Water Soluble Proteins are explained by 13 countries.

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TOP NET EXPORTER (2018): United States, $261M

TOP NET IMPORTER (2018): Japan, $182M

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

In 2018, the countries that had a largest trade value in exports than in imports of Water Soluble Proteins were United States ($261M), Germany ($131M), New Zealand ($126M), Netherlands ($122M), and Denmark ($30.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Water Soluble Proteins were Japan ($182M), China ($167M), Canada ($67.7M), United Kingdom ($46.2M), and Hungary ($33.3M).

Trade Forecasts

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This section shows forecasts for total trade for Water Soluble Proteins. 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 Water Soluble Proteins was 10.1%.  The countries with the highest tariffs for importing Water Soluble Proteins were Romania (69.5%), Bahamas (40.2%), Cambodia (35%), Bermuda (25%), and Zambia (22.7%).

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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.