HS Icon Enzymes

3507 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $5.56B, Rnk 466 / 1217

2019
Top Exporter | Top Importer
: $1.27B | $814M, Denmark | United States

2019
Product Complexity
: 1.02, Rnk 147 / 961

2018 - 2019
Export Growth (CAGR)
: -1.37%, Rnk 501 / 1217

2018
Mean Tariff
: 4.41%, Rnk 926 / 1259

 2019
Share of World Trade
: 0.031%, Rnk 466 / 1217

Overview:  This page contains the latest trade data of Enzymes. In 2019, Enzymes were the world's 466th most traded product, with a total trade of $5.56B. Between 2018 and 2019 the exports of Enzymes decreased by -1.37%, from  $5.63B to $5.56B. Trade in Enzymes represent 0.031% of total world trade.

Exports: In 2019 the top exporters of Enzymes  were Denmark ($1.27B), United States ($711M), Germany ($485M), Netherlands ($458M), and China ($398M).

Imports: In 2019 the top importers of Enzymes were United States ($814M), Netherlands ($464M), Germany ($422M), China ($236M), and France ($224M).

Tariffs: In 2018 the average tariff for Enzymes was 4.41%, making it the 926th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Enzymes are Bahamas (40.2%), Bermuda (25%), Ethiopia (19.8%), Austria (19.2%), and Maldives (18.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Enzymes ranks 147th in the Product Complexity Index (PCI).

Description: Enzymes are proteins that act as catalysts to speed up the rate of chemical reactions. They are commonly used in food production to help break down starch and protein molecules into smaller molecules. They are also used in laundry detergents to break down dirt and stains.

Exporters and Importers

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Trade By Country

Top Origin (2019): Denmark, $1.27B

Top Destination (2019): United States, $814M

Enzymes are the world's 466th most traded product.

In 2019, the top exporters of Enzymes were Denmark ($1.27B), United States ($711M), Germany ($485M), Netherlands ($458M), and China ($398M).

In 2019, the top importers of Enzymes were United States ($814M), Netherlands ($464M), Germany ($422M), China ($236M), and France ($224M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $61.8M

Top Destination Growth (2018 - 2019): Netherlands, $34.2M

Between 2018 and 2019, the exports of Enzymes grew the fastest in Netherlands ($61.8M), United States ($53M), Israel ($6.34M), Turkey ($4.98M), and Argentina ($4.05M).

Between 2018 and 2019, the fastest growing importers of Enzymes were Netherlands ($34.2M), Switzerland ($29.3M), Germany ($18.3M), Japan ($10.9M), and Turkey ($8.44M).

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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 Enzymes.

In 2019,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Enzymes are explained by 15 countries.

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TOP NET EXPORTER (2019): Denmark, $1.07B

TOP NET IMPORTER (2019): Spain, $118M

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

In 2019, the countries that had a largest trade value in exports than in imports of Enzymes were Denmark ($1.07B), Finland ($264M), China ($162M), Japan ($159M), and France ($133M).

In 2019, the countries that had a largest trade value in imports than in exports of Enzymes were Spain ($118M), Brazil ($111M), Russia ($106M), United States ($103M), and Canada ($97.7M).

Disaggregation

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Value

In 2019, the world most traded Enzymes, disaggragated by their HS6 level were Enzymes nes, prepared enzymes nes, except... ($5.43B) and Rennet and concentrates thereof ($125M)

Import Tariffs

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In 2018, the average tariff for importing Enzymes was 4.41%.  The countries with the highest tariffs for importing Enzymes were Bahamas (40.2%), Bermuda (25%), Ethiopia (19.8%), Austria (19.2%), and Maldives (18.3%).

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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.