HS Icon Cherries, fresh

080920 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.24B, Rnk 934 / 4726

Top Exporter (2018): $1.1B, Chile

Top Importer (2018): $1.76B, China

Export Growth (CAGR)(2017 - 2018): 32.3%, Rnk 711 / 4726

Mean Tariff (2018): 21.1%, Rnk 537 / 6538

Share of World Trade (2018): 0.018%, Rnk 934 / 4726

Overview:  This page contains the latest trade data of Cherries, fresh. In 2018, Cherries, fresh were the world's 934th most traded product, with a total trade of $3.24B. Between 2017 and 2018 the exports of Cherries, fresh grew by 32.3%, from  $2.45B to $3.24B. Trade in Cherries, fresh represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Cherries, fresh  were Chile ($1.1B), Hong Kong ($648M), United States ($524M), Turkey ($167M), and Uzbekistan ($141M).

Imports: In 2018 the top importers of Cherries, fresh were China ($1.76B), Germany ($179M), Hong Kong ($164M), South Korea ($154M), and Canada ($122M).

Tariffs: In 2018 the average tariff for Cherries, fresh was 21.1%, been the 537 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Cherries, fresh are Cyprus (94.8%), Iran (90%), Slovenia (44.7%), Hungary (38.4%), and Trinidad and Tobago (37.8%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chile, $1.1B

Top Destination (2018): China, $1.76B

Cherries, fresh are the world's 934th most traded product.

In 2018, the top exporters of Cherries, fresh were Chile ($1.1B), Hong Kong ($648M), United States ($524M), Turkey ($167M), and Uzbekistan ($141M).

In 2018, the top importers of Cherries, fresh were China ($1.76B), Germany ($179M), Hong Kong ($164M), South Korea ($154M), and Canada ($122M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chile, $486M

Top Destination Growth (2017 - 2018): China, $839M

Between 2017 and 2018, the exports of Cherries, fresh grew the fastest in Chile ($486M), Hong Kong ($346M), Uzbekistan ($74.2M), China ($57.9M), and Australia ($18.7M).

Between 2017 and 2018, the fastest growing importers of Cherries, fresh were China ($839M), Kazakhstan ($55.5M), Russia ($19.3M), Kyrgyzstan ($18M), and Belarus ($8.19M).

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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 Cherries, fresh.

In 2018,  market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Cherries, fresh are explained by 9 countries.

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TOP NET EXPORTER (2018): Chile, $1.1B

TOP NET IMPORTER (2018): China, $1.69B

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

In 2018, the countries that had a largest trade value in exports than in imports of Cherries, fresh were Chile ($1.1B), Hong Kong ($484M), United States ($459M), Turkey ($167M), and Uzbekistan ($141M).

In 2018, the countries that had a largest trade value in imports than in exports of Cherries, fresh were China ($1.69B), Germany ($161M), South Korea ($154M), Russia ($108M), and Kazakhstan ($103M).

Trade Forecasts

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This section shows forecasts for total trade for Cherries, fresh. 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 Cherries, fresh was 21.1%.  The countries with the highest tariffs for importing Cherries, fresh were Cyprus (94.8%), Iran (90%), Slovenia (44.7%), Hungary (38.4%), and Trinidad and Tobago (37.8%).

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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.