HS Icon Grape must, unfermented, except as fruit juice

220430 (Harmonized System 1992 for 6-digit)

World Trade (2018): $160M, Rnk 3842 / 4726

Top Exporter (2018): $64.1M, Italy

Top Importer (2018): $26.9M, United States

Export Growth (CAGR)(2017 - 2018): 23.6%, Rnk 1139 / 4726

Mean Tariff (2018): 24.2%, Rnk 274 / 6538

Share of World Trade (2018): 0.00087%, Rnk 3842 / 4726

Overview:  This page contains the latest trade data of Grape must, unfermented, except as fruit juice. In 2018, Grape must, unfermented, except as fruit juice were the world's 3842nd most traded product, with a total trade of $160M. Between 2017 and 2018 the exports of Grape must, unfermented, except as fruit juice grew by 23.6%, from  $129M to $160M. Trade in Grape must, unfermented, except as fruit juice represent 0.00087% of total world trade.

Exports: In 2018 the top exporters of Grape must, unfermented, except as fruit juice  were Italy ($64.1M), Spain ($56.2M), Chile ($13.6M), France ($6.08M), and Argentina ($3.73M).

Imports: In 2018 the top importers of Grape must, unfermented, except as fruit juice were United States ($26.9M), France ($22.8M), Japan ($19.1M), Italy ($15.4M), and Germany ($9.58M).

Tariffs: In 2018 the average tariff for Grape must, unfermented, except as fruit juice was 24.2%, been the 274 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Grape must, unfermented, except as fruit juice are Egypt (527%), Jordan (391%), India (150%), Saudi Arabia (91.9%), and Oman (91.9%). The countries with the lowest tariffs are Liberia (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $64.1M

Top Destination (2018): United States, $26.9M

Grape must, unfermented, except as fruit juice are the world's 3842nd most traded product.

In 2018, the top exporters of Grape must, unfermented, except as fruit juice were Italy ($64.1M), Spain ($56.2M), Chile ($13.6M), France ($6.08M), and Argentina ($3.73M).

In 2018, the top importers of Grape must, unfermented, except as fruit juice were United States ($26.9M), France ($22.8M), Japan ($19.1M), Italy ($15.4M), and Germany ($9.58M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $21.6M

Top Destination Growth (2017 - 2018): United States, $17.6M

Between 2017 and 2018, the exports of Grape must, unfermented, except as fruit juice grew the fastest in Italy ($21.6M), Spain ($9.66M), Chile ($2.11M), France ($1.17M), and Azerbaijan ($916k).

Between 2017 and 2018, the fastest growing importers of Grape must, unfermented, except as fruit juice were United States ($17.6M), Italy ($6.81M), Germany ($2.41M), France ($2.17M), and Singapore ($1.75M).

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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 Grape must, unfermented, except as fruit juice.

In 2018,  market concentration measured using Shannon Entropy, was 2.44. This means that most of the exports of Grape must, unfermented, except as fruit juice are explained by 5 countries.

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TOP NET EXPORTER (2018): Spain, $55.1M

TOP NET IMPORTER (2018): United States, $26.2M

This map shows which countries export or import more of Grape must, unfermented, except as fruit juice. Each country is colored based on the difference in exports and imports of Grape must, unfermented, except as fruit juice during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Grape must, unfermented, except as fruit juice were Spain ($55.1M), Italy ($48.7M), Chile ($13.6M), Argentina ($3.69M), and Hungary ($1.77M).

In 2018, the countries that had a largest trade value in imports than in exports of Grape must, unfermented, except as fruit juice were United States ($26.2M), Japan ($19M), France ($16.8M), Germany ($8.69M), and China ($8.2M).

Trade Forecasts

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This section shows forecasts for total trade for Grape must, unfermented, except as fruit juice. 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 Grape must, unfermented, except as fruit juice was 24.2%.  The countries with the highest tariffs for importing Grape must, unfermented, except as fruit juice were Egypt (527%), Jordan (391%), India (150%), Saudi Arabia (91.9%), and Oman (91.9%).

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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.