HS Icon Distilling or rectifying plant

841940 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Distilling or rectifying plant. In 2019, Distilling or rectifying plant were the world's 1777th most traded product, with a total trade of $1.22B. Between 2018 and 2019 the exports of Distilling or rectifying plant decreased by -3.17%, from $1.27B to $1.22B. Trade in Distilling or rectifying plant represent 0.0068% of total world trade.

Exports In 2019 the top exporters of Distilling or rectifying plant  were Germany ($203M), China ($199M), South Korea ($169M), Italy ($98.2M), and India ($90.4M).

Imports In 2019 the top importers of Distilling or rectifying plant were United States ($216M), Kazakhstan ($117M), Russia ($93.5M), China ($60.8M), and Nigeria ($56.5M).

Tariffs In 2018 the average tariff for Distilling or rectifying plant was 4.09%, making it the 4888th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Distilling or rectifying plant are Bahamas (40.2%), Bermuda (25%), Argentina (20.1%), Pakistan (19.9%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Distilling or rectifying plant ranks 1693rd in the Product Complexity Index (PCI).

Description The main function of a distiller is to convert the liquid at a high boiling point (low boiling point) into a liquid at a lower boiling point (higher boiling point). For example, a plant that uses a column still will convert ethanol to a liquid with a boiling point of 95 degrees Celsius.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $203M

Top Destination (2019): United States, $216M

Distilling or rectifying plant are the world's 1777th most traded product.

In 2019, the top exporters of Distilling or rectifying plant were Germany ($203M), China ($199M), South Korea ($169M), Italy ($98.2M), and India ($90.4M).

In 2019, the top importers of Distilling or rectifying plant were United States ($216M), Kazakhstan ($117M), Russia ($93.5M), China ($60.8M), and Nigeria ($56.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Germany, $35.6M

Top Destination Growth (2018 - 2019): United States, $69.5M

Between 2018 and 2019, the exports of Distilling or rectifying plant grew the fastest in Germany ($35.6M), United States ($25.4M), China ($20.3M), Russia ($14.7M), and Italy ($14.6M).

Between 2018 and 2019, the fastest growing importers of Distilling or rectifying plant were United States ($69.5M), Canada ($42.4M), Nigeria ($34.9M), Russia ($25.1M), and Iraq ($13.9M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Distilling or rectifying plant.

In 2019,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Distilling or rectifying plant are explained by 17 countries.

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TOP NET EXPORTER (2019): Germany, $185M

TOP NET IMPORTER (2019): United States, $156M

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

In 2019, the countries that had a largest trade value in exports than in imports of Distilling or rectifying plant were Germany ($185M), South Korea ($140M), China ($139M), Italy ($84.6M), and India ($68.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Distilling or rectifying plant were United States ($156M), Kazakhstan ($117M), Russia ($72.9M), Nigeria ($56.4M), and Indonesia ($37.1M).

Import Tariffs

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In 2018, the average tariff for importing Distilling or rectifying plant was 4.09%. The countries with the highest tariffs for importing Distilling or rectifying plant were Bahamas (40.2%), Bermuda (25%), Argentina (20.1%), Pakistan (19.9%), and Maldives (19.6%).

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.