HS Icon Bulbs and Roots

0601 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.86B, Rnk 758 / 1225

Top Exporter (2018): $1.37B, Netherlands

Top Importer (2018): $252M, Germany

Product Complexity (2018): -0.64, Rnk 733 / 1018

Export Growth (CAGR)(2017 - 2018): 5.51%, Rnk 955 / 1225

Mean Tariff (2018): 10.7%, Rnk 391 / 1259

Share of World Trade (2018): 0.01%, Rnk 758 / 1225

Overview:  This page contains the latest trade data of Bulbs and Roots. In 2018, Bulbs and Roots were the world's 758th most traded product, with a total trade of $1.86B. Between 2017 and 2018 the exports of Bulbs and Roots grew by 5.51%, from  $1.76B to $1.86B. Trade in Bulbs and Roots represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Bulbs and Roots  were Netherlands ($1.37B), Germany ($85.7M), Belgium-Luxembourg ($51.7M), Egypt ($42.1M), and New Zealand ($30.8M).

Imports: In 2018 the top importers of Bulbs and Roots were Germany ($252M), United States ($180M), Netherlands ($141M), United Kingdom ($136M), and France ($134M).

Tariffs: In 2018 the average tariff for Bulbs and Roots was 10.7%, been the 391 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bulbs and Roots are Iceland (175%), Iran (38%), Tunisia (36%), Uzbekistan (28.7%), and Maldives (24.5%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Bulbs and Roots ranks 733rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $1.37B

Top Destination (2018): Germany, $252M

Bulbs and Roots are the world's 758th most traded product.

In 2018, the top exporters of Bulbs and Roots were Netherlands ($1.37B), Germany ($85.7M), Belgium-Luxembourg ($51.7M), Egypt ($42.1M), and New Zealand ($30.8M).

In 2018, the top importers of Bulbs and Roots were Germany ($252M), United States ($180M), Netherlands ($141M), United Kingdom ($136M), and France ($134M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $79M

Top Destination Growth (2017 - 2018): Germany, $19.9M

Between 2017 and 2018, the exports of Bulbs and Roots grew the fastest in Netherlands ($79M), Belgium-Luxembourg ($18.8M), Poland ($7.4M), Germany ($5.91M), and Denmark ($4.26M).

Between 2017 and 2018, the fastest growing importers of Bulbs and Roots were Germany ($19.9M), United States ($17.5M), France ($14.3M), Poland ($12.5M), and United Kingdom ($12.2M).

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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 Bulbs and Roots.

In 2018,  market concentration measured using Shannon Entropy, was 2.01. This means that most of the exports of Bulbs and Roots are explained by 4 countries.

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TOP NET EXPORTER (2018): Netherlands, $1.23B

TOP NET IMPORTER (2018): United States, $173M

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

In 2018, the countries that had a largest trade value in exports than in imports of Bulbs and Roots were Netherlands ($1.23B), Egypt ($41.7M), New Zealand ($25.5M), Chile ($16.6M), and Belgium-Luxembourg ($13.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Bulbs and Roots were United States ($173M), Germany ($166M), United Kingdom ($125M), France ($123M), and Switzerland ($96.8M).

Trade Forecasts

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This section shows forecasts for total trade for Bulbs and Roots. 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 Bulbs and Roots was 10.7%.  The countries with the highest tariffs for importing Bulbs and Roots were Iceland (175%), Iran (38%), Tunisia (36%), Uzbekistan (28.7%), and Maldives (24.5%).

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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.