HS Icon Herbicides, sprouting and growth regulators

380830 (Harmonized System 1992 for 6-digit)

World Trade (2018): $13B, Rnk 219 / 4726

Top Exporter (2018): $3.14B, China

Top Importer (2018): $890M, Canada

Product Complexity (2018): -0.044, Rnk 2711 / 4873

Export Growth (CAGR)(2017 - 2018): 2.71%, Rnk 3580 / 4726

Mean Tariff (2018): 4.29%, Rnk 4719 / 6538

Share of World Trade (2018): 0.071%, Rnk 219 / 4726

Overview:  This page contains the latest trade data of Herbicides, sprouting and growth regulators. In 2018, Herbicides, sprouting and growth regulators were the world's 219th most traded product, with a total trade of $13B. Between 2017 and 2018 the exports of Herbicides, sprouting and growth regulators grew by 2.71%, from  $12.7B to $13B. Trade in Herbicides, sprouting and growth regulators represent 0.071% of total world trade.

Exports: In 2018 the top exporters of Herbicides, sprouting and growth regulators  were China ($3.14B), United States ($1.58B), Germany ($1.44B), France ($1.35B), and Belgium-Luxembourg ($855M).

Imports: In 2018 the top importers of Herbicides, sprouting and growth regulators were Canada ($890M), Brazil ($823M), France ($805M), United States ($725M), and Germany ($578M).

Tariffs: In 2018 the average tariff for Herbicides, sprouting and growth regulators was 4.29%, been the 4719 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Herbicides, sprouting and growth regulators are Slovenia (8.81%), Hungary (7.67%), Slovakia (6.5%), Czechia (6.5%), and Cyprus (6.06%).

Ranking: Herbicides, sprouting and growth regulators ranks 2711th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.14B

Top Destination (2018): Canada, $890M

Herbicides, sprouting and growth regulators are the world's 219th most traded product.

In 2018, the top exporters of Herbicides, sprouting and growth regulators were China ($3.14B), United States ($1.58B), Germany ($1.44B), France ($1.35B), and Belgium-Luxembourg ($855M).

In 2018, the top importers of Herbicides, sprouting and growth regulators were Canada ($890M), Brazil ($823M), France ($805M), United States ($725M), and Germany ($578M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $309M

Top Destination Growth (2017 - 2018): Brazil, $258M

Between 2017 and 2018, the exports of Herbicides, sprouting and growth regulators grew the fastest in India ($309M), China ($292M), Chinese Taipei ($46.6M), Poland ($31.5M), and Argentina ($29.4M).

Between 2017 and 2018, the fastest growing importers of Herbicides, sprouting and growth regulators were Brazil ($258M), United States ($200M), Mexico ($54M), Cote d'Ivoire ($41M), and Japan ($38M).

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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 Herbicides, sprouting and growth regulators.

In 2018,  market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Herbicides, sprouting and growth regulators are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $3.02B

TOP NET IMPORTER (2018): Canada, $859M

This map shows which countries export or import more of Herbicides, sprouting and growth regulators. Each country is colored based on the difference in exports and imports of Herbicides, sprouting and growth regulators during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Herbicides, sprouting and growth regulators were China ($3.02B), Germany ($859M), United States ($853M), Israel ($644M), and Belgium-Luxembourg ($572M).

In 2018, the countries that had a largest trade value in imports than in exports of Herbicides, sprouting and growth regulators were Canada ($859M), Brazil ($710M), Ukraine ($434M), Australia ($402M), and Thailand ($335M).

Trade Forecasts

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This section shows forecasts for total trade for Herbicides, sprouting and growth regulators. 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 Herbicides, sprouting and growth regulators was 4.29%.  The countries with the highest tariffs for importing Herbicides, sprouting and growth regulators were Slovenia (8.81%), Hungary (7.67%), Slovakia (6.5%), Czechia (6.5%), and Cyprus (6.06%).

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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.