HS Icon Homogenized or reconstituted tobacco

240391 (Harmonized System 1992 for 6-digit)

World Trade (2018): $518M, Rnk 2751 / 4726

Top Exporter (2018): $145M, France

Top Importer (2018): $56.9M, South Korea

Export Growth (CAGR)(2017 - 2018): -21.6%, Rnk 4537 / 4726

Mean Tariff (2018): 32.4%, Rnk 78 / 6538

Share of World Trade (2018): 0.0028%, Rnk 2751 / 4726

Overview:  This page contains the latest trade data of Homogenized or reconstituted tobacco. In 2018, Homogenized or reconstituted tobacco were the world's 2751st most traded product, with a total trade of $518M. Between 2017 and 2018 the exports of Homogenized or reconstituted tobacco decreased by -21.6%, from  $660M to $518M. Trade in Homogenized or reconstituted tobacco represent 0.0028% of total world trade.

Exports: In 2018 the top exporters of Homogenized or reconstituted tobacco  were France ($145M), Netherlands ($82.3M), Belgium-Luxembourg ($55.2M), United States ($38.6M), and Malaysia ($32.4M).

Imports: In 2018 the top importers of Homogenized or reconstituted tobacco were South Korea ($56.9M), Belgium-Luxembourg ($43.6M), Romania ($35.6M), United States ($32.6M), and Germany ($32.5M).

Tariffs: In 2018 the average tariff for Homogenized or reconstituted tobacco was 32.4%, been the 78 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Homogenized or reconstituted tobacco are Saudi Arabia (538%), Barbados (393%), Malaysia (328%), Sri Lanka (250%), and Poland (230%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $145M

Top Destination (2018): South Korea, $56.9M

Homogenized or reconstituted tobacco are the world's 2751st most traded product.

In 2018, the top exporters of Homogenized or reconstituted tobacco were France ($145M), Netherlands ($82.3M), Belgium-Luxembourg ($55.2M), United States ($38.6M), and Malaysia ($32.4M).

In 2018, the top importers of Homogenized or reconstituted tobacco were South Korea ($56.9M), Belgium-Luxembourg ($43.6M), Romania ($35.6M), United States ($32.6M), and Germany ($32.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $28.6M

Top Destination Growth (2017 - 2018): South Korea, $35.6M

Between 2017 and 2018, the exports of Homogenized or reconstituted tobacco grew the fastest in Netherlands ($28.6M), Dominican Republic ($20.7M), United States ($19.2M), Belgium-Luxembourg ($10.3M), and France ($9.24M).

Between 2017 and 2018, the fastest growing importers of Homogenized or reconstituted tobacco were South Korea ($35.6M), United States ($32.6M), Dominican Republic ($20.6M), Romania ($16.9M), and Russia ($12M).

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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 Homogenized or reconstituted tobacco.

In 2018,  market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Homogenized or reconstituted tobacco are explained by 11 countries.

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TOP NET EXPORTER (2018): France, $144M

TOP NET IMPORTER (2018): South Korea, $46.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Homogenized or reconstituted tobacco were France ($144M), Netherlands ($75.4M), Malaysia ($22.3M), Morocco ($15.6M), and Belgium-Luxembourg ($11.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Homogenized or reconstituted tobacco were South Korea ($46.5M), Romania ($35M), Turkey ($30.9M), Poland ($24.9M), and Japan ($20.9M).

Trade Forecasts

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This section shows forecasts for total trade for Homogenized or reconstituted tobacco. 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 Homogenized or reconstituted tobacco was 32.4%.  The countries with the highest tariffs for importing Homogenized or reconstituted tobacco were Saudi Arabia (538%), Barbados (393%), Malaysia (328%), Sri Lanka (250%), and Poland (230%).

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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.