HS Icon Cereal Meal and Pellets

1103 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.06B, Rnk 897 / 1225

Top Exporter (2018): $108M, Canada

Top Importer (2018): $111M, United States

Product Complexity (2018): -0.82, Rnk 777 / 1018

Export Growth (CAGR)(2017 - 2018): 0.61%, Rnk 1073 / 1225

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

Share of World Trade (2018): 0.0058%, Rnk 897 / 1225

Overview:  This page contains the latest trade data of Cereal Meal and Pellets. In 2018, Cereal Meal and Pellets were the world's 897th most traded product, with a total trade of $1.06B. Between 2017 and 2018 the exports of Cereal Meal and Pellets grew by 0.61%, from  $1.05B to $1.06B. Trade in Cereal Meal and Pellets represent 0.0058% of total world trade.

Exports: In 2018 the top exporters of Cereal Meal and Pellets  were Canada ($108M), Italy ($104M), Turkey ($89.6M), United States ($85.5M), and Spain ($66.6M).

Imports: In 2018 the top importers of Cereal Meal and Pellets were United States ($111M), Malaysia ($106M), Germany ($54.8M), France ($53.2M), and United Kingdom ($40.4M).

Tariffs: In 2018 the average tariff for Cereal Meal and Pellets was 43.5%, been the 7 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 777th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $108M

Top Destination (2018): United States, $111M

Cereal Meal and Pellets are the world's 897th most traded product.

In 2018, the top exporters of Cereal Meal and Pellets were Canada ($108M), Italy ($104M), Turkey ($89.6M), United States ($85.5M), and Spain ($66.6M).

In 2018, the top importers of Cereal Meal and Pellets were United States ($111M), Malaysia ($106M), Germany ($54.8M), France ($53.2M), and United Kingdom ($40.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $24.8M

Top Destination Growth (2017 - 2018): United Kingdom, $17.4M

Between 2017 and 2018, the exports of Cereal Meal and Pellets grew the fastest in Italy ($24.8M), Hungary ($17.3M), Spain ($13.3M), Poland ($11.1M), and India ($9.59M).

Between 2017 and 2018, the fastest growing importers of Cereal Meal and Pellets were United Kingdom ($17.4M), France ($12.1M), Italy ($11.1M), Canada ($10.5M), and Germany ($10.2M).

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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 Cereal Meal and Pellets.

In 2018,  market concentration measured using Shannon Entropy, was 4.81. This means that most of the exports of Cereal Meal and Pellets are explained by 28 countries.

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TOP NET EXPORTER (2018): Turkey, $89.2M

TOP NET IMPORTER (2018): Malaysia, $103M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cereal Meal and Pellets were Turkey ($89.2M), Italy ($86.7M), Canada ($78M), Spain ($51.1M), and Australia ($34.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Cereal Meal and Pellets were Malaysia ($103M), United Kingdom ($31.8M), Saudi Arabia ($31.7M), United States ($25.4M), and Cote d'Ivoire ($20.5M).

Trade Forecasts

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This section shows forecasts for total trade for Cereal Meal and Pellets. 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 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.