Enzymes3507 (Harmonized System 1992 for 4-digit)
World Trade (2019): $5.56B, Rnk 466 / 1217
Top Exporter (2019): $1.27B, Denmark
Top Importer (2019): $814M, United States
Product Complexity (2019): 1.02, Rnk 147 / 961
Export Growth (CAGR)(2018 - 2019): -1.37%, Rnk 501 / 1217
Mean Tariff (2018): 4.41%, Rnk 926 / 1259
Share of World Trade (2019): 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.
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).
Trade by country
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).
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.
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 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)
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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