HS Icon Cut Flowers

0603 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.02B, Rnk 350 / 1225

Top Exporter (2018): $4.17B, Netherlands

Top Importer (2018): $1.83B, United States

Export Growth (CAGR)(2017 - 2018): 6.31%, Rnk 923 / 1225

Mean Tariff (2018): 30.5%, Rnk 23 / 1259

Share of World Trade (2018): 0.049%, Rnk 350 / 1225

Overview:  This page contains the latest trade data of Cut Flowers. In 2018, Cut Flowers were the world's 350th most traded product, with a total trade of $9.02B. Between 2017 and 2018 the exports of Cut Flowers grew by 6.31%, from  $8.48B to $9.02B. Trade in Cut Flowers represent 0.049% of total world trade.

Exports: In 2018 the top exporters of Cut Flowers  were Netherlands ($4.17B), Colombia ($1.46B), Ecuador ($852M), Kenya ($616M), and Ethiopia ($232M).

Imports: In 2018 the top importers of Cut Flowers were United States ($1.83B), Germany ($1.28B), United Kingdom ($921M), Netherlands ($849M), and Russia ($554M).

Tariffs: In 2018 the average tariff for Cut Flowers was 30.5%, been the 23 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cut Flowers are Finland (149%), Iran (106%), Norway (101%), Syria (73.5%), and Romania (64.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $4.17B

Top Destination (2018): United States, $1.83B

Cut Flowers are the world's 350th most traded product.

In 2018, the top exporters of Cut Flowers were Netherlands ($4.17B), Colombia ($1.46B), Ecuador ($852M), Kenya ($616M), and Ethiopia ($232M).

In 2018, the top importers of Cut Flowers were United States ($1.83B), Germany ($1.28B), United Kingdom ($921M), Netherlands ($849M), and Russia ($554M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $492M

Top Destination Growth (2017 - 2018): France, $130M

Between 2017 and 2018, the exports of Cut Flowers grew the fastest in Netherlands ($492M), Colombia ($60.3M), Belarus ($39.8M), Belgium-Luxembourg ($25.6M), and Ethiopia ($24.9M).

Between 2017 and 2018, the fastest growing importers of Cut Flowers were France ($130M), Russia ($109M), United States ($92.4M), Germany ($76.1M), and Poland ($71.4M).

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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 Cut Flowers.

In 2018,  market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Cut Flowers are explained by 8 countries.

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TOP NET EXPORTER (2018): Netherlands, $3.33B

TOP NET IMPORTER (2018): United States, $1.82B

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

In 2018, the countries that had a largest trade value in exports than in imports of Cut Flowers were Netherlands ($3.33B), Colombia ($1.45B), Ecuador ($852M), Kenya ($616M), and Ethiopia ($232M).

In 2018, the countries that had a largest trade value in imports than in exports of Cut Flowers were United States ($1.82B), Germany ($1.21B), United Kingdom ($872M), Russia ($553M), and France ($511M).

Trade Forecasts

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This section shows forecasts for total trade for Cut Flowers. 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 Cut Flowers was 30.5%.  The countries with the highest tariffs for importing Cut Flowers were Finland (149%), Iran (106%), Norway (101%), Syria (73.5%), and Romania (64.6%).

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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.