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.
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.
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).
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).
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%).
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.