Confectionery Sugar1704 (Harmonized System 1992 for 4-digit)
2019 World Trade: $11.7B, Rnk 287 / 1217
2019 Top Exporter | Top Importer: $1.27B | $2.04B, Germany | United States
2019 Product Complexity: -0.73, Rnk 716 / 961
2018 - 2019 Export Growth (CAGR): -1.67%, Rnk 529 / 1217
2018 Mean Tariff: 25.2%, Rnk 45 / 1259
2019 Share of World Trade: 0.065%, Rnk 287 / 1217
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).
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).
Trade by country
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).
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.
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).
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)
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.
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