Enzymes3507 (Harmonized System 1992 for 4-digit)
World Trade (2018): $5.62B, Rnk 473 / 1225
Top Exporter (2018): $1.31B, Denmark
Top Importer (2018): $882M, United States
Product Complexity (2018): 1.11, Rnk 137 / 1018
Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 575 / 1225
Mean Tariff (2018): 4.41%, Rnk 926 / 1259
Share of World Trade (2018): 0.031%, Rnk 473 / 1225
Overview: This page contains the latest trade data of Enzymes. In 2018, Enzymes were the world's 473rd most traded product, with a total trade of $5.62B. Between 2017 and 2018 the exports of Enzymes grew by 13.9%, from $4.94B to $5.62B. Trade in Enzymes represent 0.031% of total world trade.
Exports: In 2018 the top exporters of Enzymes were Denmark ($1.31B), United States ($656M), Germany ($510M), China ($424M), and Netherlands ($394M).
Imports: In 2018 the top importers of Enzymes were United States ($882M), Netherlands ($430M), Germany ($404M), China ($244M), and France ($240M).
Tariffs: In 2018 the average tariff for Enzymes was 4.41%, been the 926 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 137th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Denmark, $1.31B
Top Destination (2018): United States, $882M
Enzymes are the world's 473rd most traded product.
In 2018, the top exporters of Enzymes were Denmark ($1.31B), United States ($656M), Germany ($510M), China ($424M), and Netherlands ($394M).
In 2018, the top importers of Enzymes were United States ($882M), Netherlands ($430M), Germany ($404M), China ($244M), and France ($240M).
Trade by country
Between 2017 and 2018, the exports of Enzymes grew the fastest in Denmark ($163M), Germany ($130M), Netherlands ($95.6M), United States ($51.3M), and France ($48.1M).
Between 2017 and 2018, the fastest growing importers of Enzymes were Denmark ($197M), Netherlands ($103M), United States ($48.1M), Egypt ($42M), and Germany ($40.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Enzymes.
In 2018, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Enzymes are explained by 15 countries.
TOP NET EXPORTER (2018): Denmark, $1.1B
TOP NET IMPORTER (2018): United States, $226M
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Enzymes were Denmark ($1.1B), Finland ($287M), Japan ($184M), China ($179M), and France ($126M).
In 2018, the countries that had a largest trade value in imports than in exports of Enzymes were United States ($226M), Spain ($118M), Brazil ($109M), Russia ($107M), and India ($90.4M).
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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