HS Icon Buckwheat

1008 (Harmonized System 1992 for 4-digit)

World Trade (2018): $949M, Rnk 925 / 1225

Top Exporter (2018): $128M, Peru

Top Importer (2018): $128M, Germany

Product Complexity (2018): -1.18, Rnk 868 / 1018

Export Growth (CAGR)(2017 - 2018): 13.7%, Rnk 586 / 1225

Mean Tariff (2018): 7.29%, Rnk 600 / 1259

Share of World Trade (2018): 0.0052%, Rnk 925 / 1225

Overview:  This page contains the latest trade data of Buckwheat. In 2018, Buckwheat were the world's 925th most traded product, with a total trade of $949M. Between 2017 and 2018 the exports of Buckwheat grew by 13.7%, from  $835M to $949M. Trade in Buckwheat represent 0.0052% of total world trade.

Exports: In 2018 the top exporters of Buckwheat  were Peru ($128M), United States ($95.3M), Canada ($92.9M), Poland ($92.9M), and Bolivia ($83.2M).

Imports: In 2018 the top importers of Buckwheat were Germany ($128M), United States ($116M), Belgium-Luxembourg ($54.9M), Netherlands ($49.4M), and Japan ($46.7M).

Tariffs: In 2018 the average tariff for Buckwheat was 7.29%, been the 600 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Buckwheat are South Korea (322%), Turkey (69.7%), Tunisia (36%), Sri Lanka (29.8%), and Angola (26.3%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Maldives (0%).

Ranking: Buckwheat ranks 868th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Peru, $128M

Top Destination (2018): Germany, $128M

Buckwheat are the world's 925th most traded product.

In 2018, the top exporters of Buckwheat were Peru ($128M), United States ($95.3M), Canada ($92.9M), Poland ($92.9M), and Bolivia ($83.2M).

In 2018, the top importers of Buckwheat were Germany ($128M), United States ($116M), Belgium-Luxembourg ($54.9M), Netherlands ($49.4M), and Japan ($46.7M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $30M

Top Destination Growth (2017 - 2018): Germany, $36M

Between 2017 and 2018, the exports of Buckwheat grew the fastest in Poland ($30M), France ($21M), United States ($20.2M), Peru ($15.6M), and Netherlands ($15.2M).

Between 2017 and 2018, the fastest growing importers of Buckwheat were Germany ($36M), Belgium-Luxembourg ($16.3M), Nigeria ($16.3M), Canada ($16.2M), and Sweden ($8.53M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Buckwheat.

In 2018,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Buckwheat are explained by 22 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Peru, $125M

TOP NET IMPORTER (2018): Germany, $95.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Buckwheat were Peru ($125M), Bolivia ($83.2M), Poland ($79.3M), Canada ($58.3M), and India ($39M).

In 2018, the countries that had a largest trade value in imports than in exports of Buckwheat were Germany ($95.3M), Japan ($46.5M), Belgium-Luxembourg ($34.5M), Indonesia ($27.5M), and Italy ($26.3M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Buckwheat. 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 Buckwheat was 7.29%.  The countries with the highest tariffs for importing Buckwheat were South Korea (322%), Turkey (69.7%), Tunisia (36%), Sri Lanka (29.8%), and Angola (26.3%).

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.