Corn1005 (Harmonized System 1992 for 4-digit)
World Trade (2018): $34.4B, Rnk 107 / 1225
Top Exporter (2018): $13.1B, United States
Top Importer (2018): $3.1B, Mexico
Product Complexity (2018): -0.9, Rnk 793 / 1018
Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 568 / 1225
Mean Tariff (2018): 6.91%, Rnk 621 / 1259
Share of World Trade (2018): 0.19%, Rnk 107 / 1225
Overview: This page contains the latest trade data of Corn. In 2018, Corn were the world's 107th most traded product, with a total trade of $34.4B. Between 2017 and 2018 the exports of Corn grew by 13.9%, from $30.2B to $34.4B. Trade in Corn represent 0.19% of total world trade.
Exports: In 2018 the top exporters of Corn were United States ($13.1B), Argentina ($4.44B), Brazil ($4.2B), Ukraine ($3.51B), and France ($1.67B).
Imports: In 2018 the top importers of Corn were Mexico ($3.1B), Japan ($3.03B), South Korea ($1.88B), Vietnam ($1.85B), and Spain ($1.74B).
Tariffs: In 2018 the average tariff for Corn was 6.91%, been the 621 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 793rd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): United States, $13.1B
Top Destination (2018): Mexico, $3.1B
Corn are the world's 107th most traded product.
In 2018, the top exporters of Corn were United States ($13.1B), Argentina ($4.44B), Brazil ($4.2B), Ukraine ($3.51B), and France ($1.67B).
In 2018, the top importers of Corn were Mexico ($3.1B), Japan ($3.03B), South Korea ($1.88B), Vietnam ($1.85B), and Spain ($1.74B).
Trade by country
Top Origin Growth (2017 - 2018): United States, $3.65B
Top Destination Growth (2017 - 2018): Vietnam, $594M
Between 2017 and 2018, the exports of Corn grew the fastest in United States ($3.65B), Ukraine ($543M), Argentina ($387M), Romania ($281M), and France ($241M).
Between 2017 and 2018, the fastest growing importers of Corn were Vietnam ($594M), Iran ($587M), Canada ($475M), Spain ($351M), and Germany ($299M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Corn.
In 2018, market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Corn are explained by 10 countries.
TOP NET EXPORTER (2018): United States, $12.8B
TOP NET IMPORTER (2018): Japan, $3.03B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Corn were United States ($12.8B), Argentina ($4.4B), Brazil ($4.05B), Ukraine ($3.36B), and France ($1.43B).
In 2018, the countries that had a largest trade value in imports than in exports of Corn were Japan ($3.03B), Mexico ($2.82B), South Korea ($1.88B), Vietnam ($1.83B), and Iran ($1.67B).
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%).
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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