HS Icon Forage Crops

1214 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Forage Crops. In 2019, Forage Crops were the world's 629th most traded product, with a total trade of $3.05B. Between 2018 and 2019 the exports of Forage Crops grew by 3.65%, from $2.94B to $3.05B. Trade in Forage Crops represent 0.017% of total world trade.

Exports In 2019 the top exporters of Forage Crops  were United States ($1.54B), Australia ($335M), Spain ($261M), Canada ($158M), and Italy ($144M).

Imports In 2019 the top importers of Forage Crops were Japan ($801M), China ($515M), United Arab Emirates ($453M), South Korea ($324M), and Saudi Arabia ($253M).

Tariffs In 2018 the average tariff for Forage Crops was 4.06%, making it the 981st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Forage Crops are Norway (158%), Cyprus (40%), Tunisia (36%), South Korea (33.5%), and India (24.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), and Japan (0%).

Ranking Forage Crops ranks 879th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $1.54B

Top Destination (2019): Japan, $801M

Forage Crops are the world's 629th most traded product.

In 2019, the top exporters of Forage Crops were United States ($1.54B), Australia ($335M), Spain ($261M), Canada ($158M), and Italy ($144M).

In 2019, the top importers of Forage Crops were Japan ($801M), China ($515M), United Arab Emirates ($453M), South Korea ($324M), and Saudi Arabia ($253M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $113M

Top Destination Growth (2018 - 2019): Japan, $65.4M

Between 2018 and 2019, the exports of Forage Crops grew the fastest in United States ($113M), Italy ($37.1M), South Africa ($33.9M), Argentina ($15.2M), and Turkey ($11.9M).

Between 2018 and 2019, the fastest growing importers of Forage Crops were Japan ($65.4M), United Arab Emirates ($47.4M), China ($45.3M), Saudi Arabia ($28.8M), and Chinese Taipei ($11.9M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Forage Crops.

In 2019,  market concentration measured using Shannon Entropy, was 2.89. This means that most of the exports of Forage Crops are explained by 7 countries.

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TOP NET EXPORTER (2019): United States, $1.45B

TOP NET IMPORTER (2019): Japan, $801M

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

In 2019, the countries that had a largest trade value in exports than in imports of Forage Crops were United States ($1.45B), Australia ($333M), Spain ($255M), Italy ($136M), and Canada ($134M).

In 2019, the countries that had a largest trade value in imports than in exports of Forage Crops were Japan ($801M), China ($512M), United Arab Emirates ($451M), South Korea ($324M), and Saudi Arabia ($253M).

Disaggregation

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Value

In 2019, the world most traded Forage Crops, disaggragated by their HS6 level were Other fodder and forage products, roots,... ($2.66B) and Lucerne (alfalfa) meal and pellets ($390M)

Import Tariffs

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In 2018, the average tariff for importing Forage Crops was 4.06%. The countries with the highest tariffs for importing Forage Crops were Norway (158%), Cyprus (40%), Tunisia (36%), South Korea (33.5%), and India (24.5%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Forage Crops to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.