Baked Goods1905 (Harmonized System 1992 for 4-digit)
World Trade (2018): $36.5B, Rnk 100 / 1225
Top Exporter (2018): $4.17B, Germany
Top Importer (2018): $5.56B, United States
Product Complexity (2018): -0.42, Rnk 673 / 1018
Export Growth (CAGR)(2017 - 2018): 12.5%, Rnk 645 / 1225
Mean Tariff (2018): 25.9%, Rnk 39 / 1259
Share of World Trade (2018): 0.2%, Rnk 100 / 1225
Overview: This page contains the latest trade data of Baked Goods. In 2018, Baked Goods were the world's 100th most traded product, with a total trade of $36.5B. Between 2017 and 2018 the exports of Baked Goods grew by 12.5%, from $32.4B to $36.5B. Trade in Baked Goods represent 0.2% of total world trade.
Exports: In 2018 the top exporters of Baked Goods were Germany ($4.17B), Canada ($2.83B), Italy ($2.46B), Belgium-Luxembourg ($2.41B), and France ($2.38B).
Imports: In 2018 the top importers of Baked Goods were United States ($5.56B), United Kingdom ($2.76B), Germany ($2.56B), France ($2.31B), and Canada ($1.57B).
Tariffs: In 2018 the average tariff for Baked Goods was 25.9%, been the 39 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Baked Goods are Syria (73.5%), Austria (71.7%), Cyprus (63.6%), Bulgaria (47.2%), and Iran (39.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Baked Goods ranks 673rd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $4.17B
Top Destination (2018): United States, $5.56B
Baked Goods are the world's 100th most traded product.
In 2018, the top exporters of Baked Goods were Germany ($4.17B), Canada ($2.83B), Italy ($2.46B), Belgium-Luxembourg ($2.41B), and France ($2.38B).
In 2018, the top importers of Baked Goods were United States ($5.56B), United Kingdom ($2.76B), Germany ($2.56B), France ($2.31B), and Canada ($1.57B).
Trade by country
Top Origin Growth (2017 - 2018): Canada, $378M
Top Destination Growth (2017 - 2018): United States, $511M
Between 2017 and 2018, the exports of Baked Goods grew the fastest in Canada ($378M), Germany ($362M), Netherlands ($291M), Belgium-Luxembourg ($281M), and United States ($272M).
Between 2017 and 2018, the fastest growing importers of Baked Goods were United States ($511M), Canada ($327M), Germany ($255M), United Kingdom ($233M), and Saudi Arabia ($228M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Baked Goods.
In 2018, market concentration measured using Shannon Entropy, was 5.05. This means that most of the exports of Baked Goods are explained by 33 countries.
TOP NET EXPORTER (2018): Germany, $1.62B
TOP NET IMPORTER (2018): United States, $3.56B
This map shows which countries export or import more of Baked Goods. Each country is colored based on the difference in exports and imports of Baked Goods during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Baked Goods were Germany ($1.62B), Italy ($1.45B), Poland ($1.32B), Canada ($1.26B), and Belgium-Luxembourg ($1.15B).
In 2018, the countries that had a largest trade value in imports than in exports of Baked Goods were United States ($3.56B), United Kingdom ($1.49B), Australia ($493M), Iraq ($404M), and Switzerland ($333M).
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.
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