HS Icon Beans, shelled, prepared/preserved, not frozen/vinega

200551 (Harmonized System 1992 for 6-digit)

World Trade (2018): $683M, Rnk 2456 / 4726

Top Exporter (2018): $250M, Italy

Top Importer (2018): $84M, United Kingdom

Export Growth (CAGR)(2017 - 2018): 14.4%, Rnk 1991 / 4726

Mean Tariff (2018): 45.6%, Rnk 24 / 6538

Share of World Trade (2018): 0.0037%, Rnk 2456 / 4726

Overview:  This page contains the latest trade data of Beans, shelled, prepared/preserved, not frozen/vinega. In 2018, Beans, shelled, prepared/preserved, not frozen/vinega were the world's 2456th most traded product, with a total trade of $683M. Between 2017 and 2018 the exports of Beans, shelled, prepared/preserved, not frozen/vinega grew by 14.4%, from  $597M to $683M. Trade in Beans, shelled, prepared/preserved, not frozen/vinega represent 0.0037% of total world trade.

Exports: In 2018 the top exporters of Beans, shelled, prepared/preserved, not frozen/vinega  were Italy ($250M), China ($101M), United Kingdom ($46.2M), Netherlands ($43.4M), and United States ($29.5M).

Imports: In 2018 the top importers of Beans, shelled, prepared/preserved, not frozen/vinega were United Kingdom ($84M), Germany ($80.3M), Japan ($67.8M), United States ($65.1M), and Australia ($42.5M).

Tariffs: In 2018 the average tariff for Beans, shelled, prepared/preserved, not frozen/vinega was 45.6%, been the 24 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Beans, shelled, prepared/preserved, not frozen/vinega are Austria (684%), Cyprus (76.4%), Thailand (52.5%), Finland (50%), and Angola (50%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Italy, $250M

Top Destination (2018): United Kingdom, $84M

Beans, shelled, prepared/preserved, not frozen/vinega are the world's 2456th most traded product.

In 2018, the top exporters of Beans, shelled, prepared/preserved, not frozen/vinega were Italy ($250M), China ($101M), United Kingdom ($46.2M), Netherlands ($43.4M), and United States ($29.5M).

In 2018, the top importers of Beans, shelled, prepared/preserved, not frozen/vinega were United Kingdom ($84M), Germany ($80.3M), Japan ($67.8M), United States ($65.1M), and Australia ($42.5M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $48.5M

Top Destination Growth (2017 - 2018): Germany, $27.4M

Between 2017 and 2018, the exports of Beans, shelled, prepared/preserved, not frozen/vinega grew the fastest in Italy ($48.5M), United Kingdom ($11.8M), Netherlands ($10.5M), United Arab Emirates ($6.74M), and Portugal ($4.04M).

Between 2017 and 2018, the fastest growing importers of Beans, shelled, prepared/preserved, not frozen/vinega were Germany ($27.4M), United States ($7.38M), Sweden ($4.83M), Netherlands ($4.42M), and France ($3.75M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Beans, shelled, prepared/preserved, not frozen/vinega.

In 2018,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Beans, shelled, prepared/preserved, not frozen/vinega are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Italy, $245M

TOP NET IMPORTER (2018): Germany, $74M

This map shows which countries export or import more of Beans, shelled, prepared/preserved, not frozen/vinega. Each country is colored based on the difference in exports and imports of Beans, shelled, prepared/preserved, not frozen/vinega during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Beans, shelled, prepared/preserved, not frozen/vinega were Italy ($245M), China ($101M), New Zealand ($16.8M), Netherlands ($16M), and Guatemala ($15.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Beans, shelled, prepared/preserved, not frozen/vinega were Germany ($74M), Japan ($66.2M), Australia ($42.2M), United Kingdom ($37.8M), and United States ($35.6M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Beans, shelled, prepared/preserved, not frozen/vinega. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Beans, shelled, prepared/preserved, not frozen/vinega was 45.6%.  The countries with the highest tariffs for importing Beans, shelled, prepared/preserved, not frozen/vinega were Austria (684%), Cyprus (76.4%), Thailand (52.5%), Finland (50%), and Angola (50%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.