HS Icon Frozen Vegetables

0710 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.92B, Rnk 428 / 1225

Top Exporter (2018): $1.26B, Belgium-Luxembourg

Top Importer (2018): $1.12B, United States

Product Complexity (2018): -0.71, Rnk 752 / 1018

Export Growth (CAGR)(2017 - 2018): 9.18%, Rnk 811 / 1225

Mean Tariff (2018): 29.1%, Rnk 27 / 1259

Share of World Trade (2018): 0.038%, Rnk 428 / 1225

Overview:  This page contains the latest trade data of Frozen Vegetables. In 2018, Frozen Vegetables were the world's 428th most traded product, with a total trade of $6.92B. Between 2017 and 2018 the exports of Frozen Vegetables grew by 9.18%, from  $6.34B to $6.92B. Trade in Frozen Vegetables represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Frozen Vegetables  were Belgium-Luxembourg ($1.26B), China ($1.18B), Spain ($647M), Mexico ($476M), and Poland ($362M).

Imports: In 2018 the top importers of Frozen Vegetables were United States ($1.12B), Japan ($886M), Germany ($657M), France ($574M), and United Kingdom ($472M).

Tariffs: In 2018 the average tariff for Frozen Vegetables was 29.1%, been the 27 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Frozen Vegetables are Austria (170%), Barbados (67.8%), Finland (51.9%), Turkmenistan (50%), and Syria (46%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Frozen Vegetables ranks 752nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $1.26B

Top Destination (2018): United States, $1.12B

Frozen Vegetables are the world's 428th most traded product.

In 2018, the top exporters of Frozen Vegetables were Belgium-Luxembourg ($1.26B), China ($1.18B), Spain ($647M), Mexico ($476M), and Poland ($362M).

In 2018, the top importers of Frozen Vegetables were United States ($1.12B), Japan ($886M), Germany ($657M), France ($574M), and United Kingdom ($472M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $163M

Top Destination Growth (2017 - 2018): United States, $132M

Between 2017 and 2018, the exports of Frozen Vegetables grew the fastest in Belgium-Luxembourg ($163M), Spain ($162M), Poland ($85.1M), Kenya ($30M), and Thailand ($29M).

Between 2017 and 2018, the fastest growing importers of Frozen Vegetables were United States ($132M), Germany ($76.4M), United Kingdom ($71.3M), France ($44M), and Canada ($35M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Frozen Vegetables.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Frozen Vegetables are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $1.14B

TOP NET IMPORTER (2018): Japan, $884M

This map shows which countries export or import more of Frozen Vegetables. Each country is colored based on the difference in exports and imports of Frozen Vegetables during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Frozen Vegetables were China ($1.14B), Belgium-Luxembourg ($848M), Spain ($515M), Mexico ($425M), and Poland ($297M).

In 2018, the countries that had a largest trade value in imports than in exports of Frozen Vegetables were Japan ($884M), United States ($846M), Germany ($556M), United Kingdom ($392M), and France ($287M).

Trade Forecasts

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This section shows forecasts for total trade for Frozen Vegetables. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Frozen Vegetables was 29.1%.  The countries with the highest tariffs for importing Frozen Vegetables were Austria (170%), Barbados (67.8%), Finland (51.9%), Turkmenistan (50%), and Syria (46%).

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Product Complexity

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Diversification Frontier

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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.