HS Icon Buckwheat

1008 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.04B, Rnk 897 / 1217

2019
Top Exporter | Top Importer
: $139M | $125M, Peru | United States

2019
Product Complexity
: -1.55, Rnk 895 / 961

2018 - 2019
Export Growth (CAGR)
: 8.94%, Rnk 90 / 1217

2018
Mean Tariff
: 7.29%, Rnk 600 / 1259

 2019
Share of World Trade
: 0.0057%, Rnk 897 / 1217

Overview:  This page contains the latest trade data of Buckwheat. In 2019, Buckwheat were the world's 897th most traded product, with a total trade of $1.04B. Between 2018 and 2019 the exports of Buckwheat grew by 8.94%, from  $954M to $1.04B. Trade in Buckwheat represent 0.0057% of total world trade.

Exports: In 2019 the top exporters of Buckwheat  were Peru ($139M), United States ($112M), Canada ($109M), Bolivia ($96.5M), and Poland ($72.5M).

Imports: In 2019 the top importers of Buckwheat were United States ($125M), Germany ($116M), Belgium ($60.7M), Netherlands ($47.4M), and France ($46.6M).

Tariffs: In 2018 the average tariff for Buckwheat was 7.29%, making it the 600th 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 895th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Peru, $139M

Top Destination (2019): United States, $125M

Buckwheat are the world's 897th most traded product.

In 2019, the top exporters of Buckwheat were Peru ($139M), United States ($112M), Canada ($109M), Bolivia ($96.5M), and Poland ($72.5M).

In 2019, the top importers of Buckwheat were United States ($125M), Germany ($116M), Belgium ($60.7M), Netherlands ($47.4M), and France ($46.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $17.6M

Top Destination Growth (2018 - 2019): Indonesia, $12.9M

Between 2018 and 2019, the exports of Buckwheat grew the fastest in United States ($17.6M), Canada ($16.5M), Bolivia ($13.1M), Peru ($11.5M), and Lithuania ($9.79M).

Between 2018 and 2019, the fastest growing importers of Buckwheat were Indonesia ($12.9M), China ($11.4M), United States ($8.17M), Canada ($7.59M), and Lithuania ($6.35M).

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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 Buckwheat.

In 2019,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Buckwheat are explained by 23 countries.

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TOP NET EXPORTER (2019): Peru, $138M

TOP NET IMPORTER (2019): Germany, $86.1M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Buckwheat were Peru ($138M), Bolivia ($96.5M), Canada ($66.7M), Poland ($56.1M), and India ($46.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Buckwheat were Germany ($86.1M), Japan ($43.1M), Indonesia ($40.3M), Belgium ($39.2M), and Italy ($24.8M).

Disaggregation

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Value

In 2019, the world most traded Buckwheat, disaggragated by their HS6 level were Cereals unmilled nes ($622M), Millet ($201M), Canary seed ($119M), and Buckwheat ($96.7M)

Import Tariffs

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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%).

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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.