HS Icon Cereal Meal and Pellets

1103 (Harmonized System 1992 for 4-digit)

World Trade (2019): $1.15B, Rnk 875 / 1217

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

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

Product Complexity (2019): -0.71, Rnk 711 / 961

Export Growth (CAGR)(2018 - 2019): 3.8%, Rnk 206 / 1217

Mean Tariff (2018): 43.5%, Rnk 7 / 1259

Share of World Trade (2019): 0.0064%, Rnk 875 / 1217

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).

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%).

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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.