Food preparations nes210690 (Harmonized System 1992 for 6-digit)
2019 World Trade: $44.7B, Rnk 48 / 4648
2019 Top Exporter | Top Importer: $5.94B | $5.81B, United States | United States
2019 Product Complexity: -0.055, Rnk 2709 / 4826
2018 - 2019 Export Growth (CAGR): 3.93%, Rnk 884 / 4648
2018 Mean Tariff: 15.7%, Rnk 1022 / 6538
2019 Share of World Trade: 0.25%, Rnk 48 / 4648
Overview This page contains the latest trade data of Food preparations nes. In 2019, Food preparations nes were the world's 48th most traded product, with a total trade of $44.7B. Between 2018 and 2019 the exports of Food preparations nes grew by 3.93%, from $43B to $44.7B. Trade in Food preparations nes represent 0.25% of total world trade.
Exports In 2019 the top exporters of Food preparations nes were United States ($5.94B), Singapore ($5.04B), Germany ($3.76B), Netherlands ($2.95B), and China ($1.72B).
Imports In 2019 the top importers of Food preparations nes were United States ($5.81B), China ($2.26B), Germany ($2.17B), United Kingdom ($1.8B), and Netherlands ($1.56B).
Tariffs In 2018 the average tariff for Food preparations nes was 15.7%, making it the 1022nd lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Food preparations nes are Egypt (223%), India (127%), South Korea (68.7%), Cyprus (54.2%), and Poland (50.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Laos (0.96%).
Ranking Food preparations nes ranks 2709th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2019): United States, $5.94B
Top Destination (2019): United States, $5.81B
Food preparations nes are the world's 48th most traded product.
In 2019, the top exporters of Food preparations nes were United States ($5.94B), Singapore ($5.04B), Germany ($3.76B), Netherlands ($2.95B), and China ($1.72B).
In 2019, the top importers of Food preparations nes were United States ($5.81B), China ($2.26B), Germany ($2.17B), United Kingdom ($1.8B), and Netherlands ($1.56B).
Trade by country
Top Origin Growth (2018 - 2019): Singapore, $822M
Top Destination Growth (2018 - 2019): United States, $450M
Between 2018 and 2019, the exports of Food preparations nes grew the fastest in Singapore ($822M), United States ($362M), China ($205M), Thailand ($99.4M), and Chinese Taipei ($93.8M).
Between 2018 and 2019, the fastest growing importers of Food preparations nes were United States ($450M), South Korea ($237M), Australia ($227M), Vietnam ($167M), and Philippines ($95.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Food preparations nes.
In 2019, market concentration measured using Shannon Entropy, was 4.99. This means that most of the exports of Food preparations nes are explained by 31 countries.
This map shows which countries export or import more of Food preparations nes. Each country is colored based on the difference in exports and imports of Food preparations nes during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Food preparations nes were Singapore ($4.44B), Germany ($1.59B), Netherlands ($1.38B), Thailand ($751M), and Italy ($686M).
In 2019, the countries that had a largest trade value in imports than in exports of Food preparations nes were Hong Kong ($1.19B), Philippines ($735M), South Korea ($575M), China ($542M), and Australia ($529M).
In 2018, the average tariff for importing Food preparations nes was 15.7%. The countries with the highest tariffs for importing Food preparations nes were Egypt (223%), India (127%), South Korea (68.7%), Cyprus (54.2%), and Poland (50.9%).
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.