HS Icon Cereal Meal and Pellets

1103 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Cereal Meal and Pellets. In 2019, Cereal Meal and Pellets were the world's 875th most traded product, with a total trade of $1.15B. Between 2018 and 2019 the exports of Cereal Meal and Pellets grew by 3.8%, from $1.11B to $1.15B. Trade in Cereal Meal and Pellets represent 0.0064% of total world trade.

Exports: In 2019 the top exporters of Cereal Meal and Pellets  were United States ($118M), Canada ($110M), South Africa ($94.5M), Italy ($91.7M), and Spain ($66.2M).

Imports: In 2019 the top importers of Cereal Meal and Pellets were United States ($123M), Malaysia ($104M), France ($52.5M), United Kingdom ($50M), and Germany ($49.2M).

Tariffs: In 2018 the average tariff for Cereal Meal and Pellets was 43.5%, making it the 7th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cereal Meal and Pellets are Austria (539%), South Korea (410%), Cyprus (57.1%), Turkey (53.7%), and Hungary (38.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Cereal Meal and Pellets ranks 711th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $118M

Top Destination (2019): United States, $123M

Cereal Meal and Pellets are the world's 875th most traded product.

In 2019, the top exporters of Cereal Meal and Pellets were United States ($118M), Canada ($110M), South Africa ($94.5M), Italy ($91.7M), and Spain ($66.2M).

In 2019, the top importers of Cereal Meal and Pellets were United States ($123M), Malaysia ($104M), France ($52.5M), United Kingdom ($50M), and Germany ($49.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Africa, $36.4M

Top Destination Growth (2018 - 2019): United Arab Emirates, $23M

Between 2018 and 2019, the exports of Cereal Meal and Pellets grew the fastest in South Africa ($36.4M), United States ($31.8M), Ireland ($13.2M), Australia ($10M), and Poland ($8.97M).

Between 2018 and 2019, the fastest growing importers of Cereal Meal and Pellets were United Arab Emirates ($23M), Mozambique ($21.7M), Democratic Republic of the Congo ($17.5M), United States ($15.7M), and United Kingdom ($12.7M).

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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 Cereal Meal and Pellets.

In 2019,  market concentration measured using Shannon Entropy, was 4.86. This means that most of the exports of Cereal Meal and Pellets are explained by 29 countries.

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TOP NET EXPORTER (2019): South Africa, $90.4M

TOP NET IMPORTER (2019): Malaysia, $101M

This map shows which countries export or import more of Cereal Meal and Pellets. Each country is colored based on the difference in exports and imports of Cereal Meal and Pellets during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Cereal Meal and Pellets were South Africa ($90.4M), Canada ($82.4M), Italy ($81M), Turkey ($60.9M), and Spain ($53.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Cereal Meal and Pellets were Malaysia ($101M), United Kingdom ($41.1M), Lesotho ($29M), Saudi Arabia ($26.6M), and Angola ($21.9M).

Disaggregation

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Value

In 2019, the world most traded Cereal Meal and Pellets, disaggragated by their HS6 level were Maize (corn) groats or meal ($449M), Wheat meal ($419M), Cereal groats or meal except wheat,... ($178M), Wheat pellets ($107M), and Cereal pellets except wheat ($15)

Import Tariffs

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In 2018, the average tariff for importing Cereal Meal and Pellets was 43.5%. The countries with the highest tariffs for importing Cereal Meal and Pellets were Austria (539%), South Korea (410%), Cyprus (57.1%), Turkey (53.7%), and Hungary (38.4%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Cereal Meal and Pellets to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.