HS Icon Corn

1005 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $36.3B, Rnk 97 / 1217

2019
Top Exporter | Top Importer
: $8.31B | $3.32B, United States | Japan

2019
Product Complexity
: -1.21, Rnk 828 / 961

2018 - 2019
Export Growth (CAGR)
: 0.88%, Rnk 335 / 1217

2018
Mean Tariff
: 6.91%, Rnk 621 / 1259

 2019
Share of World Trade
: 0.2%, Rnk 97 / 1217

Overview:  This page contains the latest trade data of Corn. In 2019, Corn were the world's 97th most traded product, with a total trade of $36.3B. Between 2018 and 2019 the exports of Corn grew by 0.88%, from  $36B to $36.3B. Trade in Corn represent 0.2% of total world trade.

Exports: In 2019 the top exporters of Corn  were United States ($8.31B), Brazil ($7.39B), Argentina ($6.19B), Ukraine ($4.77B), and France ($1.37B).

Imports: In 2019 the top importers of Corn were Japan ($3.32B), Mexico ($3.05B), South Korea ($2.02B), Vietnam ($1.93B), and Spain ($1.78B).

Tariffs: In 2018 the average tariff for Corn was 6.91%, making it the 621st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Corn are South Korea (355%), India (45.7%), Israel (37.7%), Tanzania (35.3%), and Rwanda (35.2%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and Hong Kong (0%).

Ranking: Corn ranks 828th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $8.31B

Top Destination (2019): Japan, $3.32B

Corn are the world's 97th most traded product.

In 2019, the top exporters of Corn were United States ($8.31B), Brazil ($7.39B), Argentina ($6.19B), Ukraine ($4.77B), and France ($1.37B).

In 2019, the top importers of Corn were Japan ($3.32B), Mexico ($3.05B), South Korea ($2.02B), Vietnam ($1.93B), and Spain ($1.78B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Brazil, $3.18B

Top Destination Growth (2018 - 2019): Turkey, $328M

Between 2018 and 2019, the exports of Corn grew the fastest in Brazil ($3.18B), Argentina ($1.74B), Ukraine ($1.26B), Serbia ($471M), and Romania ($348M).

Between 2018 and 2019, the fastest growing importers of Corn were Turkey ($328M), Japan ($285M), China ($223M), Romania ($215M), and South Korea ($138M).

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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 Corn.

In 2019,  market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Corn are explained by 11 countries.

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TOP NET EXPORTER (2019): United States, $8B

TOP NET IMPORTER (2019): Japan, $3.32B

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

In 2019, the countries that had a largest trade value in exports than in imports of Corn were United States ($8B), Brazil ($7.19B), Argentina ($6.17B), Ukraine ($4.64B), and France ($1.12B).

In 2019, the countries that had a largest trade value in imports than in exports of Corn were Japan ($3.32B), Mexico ($2.8B), South Korea ($2.02B), Vietnam ($1.88B), and Spain ($1.7B).

Disaggregation

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Value

In 2019, the world most traded Corn, disaggragated by their HS6 level were Maize except seed corn ($33.3B) and Maize (corn) seed ($2.98B)

Import Tariffs

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In 2018, the average tariff for importing Corn was 6.91%.  The countries with the highest tariffs for importing Corn were South Korea (355%), India (45.7%), Israel (37.7%), Tanzania (35.3%), and Rwanda (35.2%).

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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.