HS Icon Confectionery Sugar

1704 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Confectionery Sugar. In 2019, Confectionery Sugar were the world's 287th most traded product, with a total trade of $11.7B. Between 2018 and 2019 the exports of Confectionery Sugar decreased by -1.67%, from $11.9B to $11.7B. Trade in Confectionery Sugar represent 0.065% of total world trade.

Exports: In 2019 the top exporters of Confectionery Sugar  were Germany ($1.27B), China ($964M), Mexico ($812M), Belgium ($717M), and Netherlands ($678M).

Imports: In 2019 the top importers of Confectionery Sugar were United States ($2.04B), Germany ($808M), United Kingdom ($630M), France ($433M), and Netherlands ($432M).

Tariffs: In 2018 the average tariff for Confectionery Sugar was 25.2%, making it the 45th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Confectionery Sugar are Iran (75%), Cyprus (64%), Hungary (57.2%), Egypt (47.7%), and Syria (46%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Confectionery Sugar ranks 716th 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): Germany, $1.27B

Top Destination (2019): United States, $2.04B

Confectionery Sugar are the world's 287th most traded product.

In 2019, the top exporters of Confectionery Sugar were Germany ($1.27B), China ($964M), Mexico ($812M), Belgium ($717M), and Netherlands ($678M).

In 2019, the top importers of Confectionery Sugar were United States ($2.04B), Germany ($808M), United Kingdom ($630M), France ($433M), and Netherlands ($432M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $60.1M

Top Destination Growth (2018 - 2019): United States, $62.8M

Between 2018 and 2019, the exports of Confectionery Sugar grew the fastest in Mexico ($60.1M), Turkey ($45M), Spain ($34.4M), Bahrain ($26.4M), and Poland ($26.1M).

Between 2018 and 2019, the fastest growing importers of Confectionery Sugar were United States ($62.8M), Saudi Arabia ($45.8M), China ($28.5M), Yemen ($14M), and Vietnam ($13.2M).

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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 Confectionery Sugar.

In 2019,  market concentration measured using Shannon Entropy, was 5.16. This means that most of the exports of Confectionery Sugar are explained by 35 countries.

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TOP NET EXPORTER (2019): China, $742M

TOP NET IMPORTER (2019): United States, $1.5B

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

In 2019, the countries that had a largest trade value in exports than in imports of Confectionery Sugar were China ($742M), Mexico ($690M), Germany ($465M), Turkey ($446M), and Spain ($444M).

In 2019, the countries that had a largest trade value in imports than in exports of Confectionery Sugar were United States ($1.5B), United Kingdom ($344M), France ($197M), Philippines ($164M), and Australia ($153M).

Disaggregation

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Value

In 2019, the world most traded Confectionery Sugar, disaggragated by their HS6 level were Sugar confectionery not chewing gum, no... ($10.8B) and Chewing gum containing sugar, except medicinal ($928M)

Import Tariffs

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In 2018, the average tariff for importing Confectionery Sugar was 25.2%. The countries with the highest tariffs for importing Confectionery Sugar were Iran (75%), Cyprus (64%), Hungary (57.2%), Egypt (47.7%), and Syria (46%).

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 Confectionery Sugar to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.