Overview:  This page contains the latest trade data of Linseed. In 2019, Linseed were the world's 935th most traded product, with a total trade of $886M. Between 2018 and 2019 the exports of Linseed grew by 9.58%, from $808M to $886M. Trade in Linseed represent 0.0049% of total world trade.

Exports: In 2019 the top exporters of Linseed  were Russia ($221M), Canada ($195M), Kazakhstan ($185M), Belgium ($74.7M), and Poland ($45.5M).

Imports: In 2019 the top importers of Linseed were Belgium ($230M), China ($177M), Germany ($89.7M), United States ($80.4M), and Poland ($42.9M).

Tariffs: In 2018 the average tariff for Linseed was 5.08%, making it the 814th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Linseed are Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Linseed ranks 674th 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): Russia, $221M

Top Destination (2019): Belgium, $230M

Linseed are the world's 935th most traded product.

In 2019, the top exporters of Linseed were Russia ($221M), Canada ($195M), Kazakhstan ($185M), Belgium ($74.7M), and Poland ($45.5M).

In 2019, the top importers of Linseed were Belgium ($230M), China ($177M), Germany ($89.7M), United States ($80.4M), and Poland ($42.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $68.6M

Top Destination Growth (2018 - 2019): Belgium, $54M

Between 2018 and 2019, the exports of Linseed grew the fastest in Russia ($68.6M), Kazakhstan ($39.9M), Ukraine ($13.4M), Lithuania ($6.55M), and Belgium ($2.76M).

Between 2018 and 2019, the fastest growing importers of Linseed were Belgium ($54M), China ($16.7M), Mongolia ($11.8M), Germany ($7.66M), and Russia ($7.63M).

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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 Linseed.

In 2019,  market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Linseed are explained by 9 countries.

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TOP NET EXPORTER (2019): Russia, $211M

TOP NET IMPORTER (2019): China, $174M

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

In 2019, the countries that had a largest trade value in exports than in imports of Linseed were Russia ($211M), Canada ($187M), Kazakhstan ($184M), Ukraine ($19.3M), and India ($14.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Linseed were China ($174M), Belgium ($155M), Germany ($72.3M), United States ($70M), and Italy ($16.2M).

Disaggregation

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Value

In 2019, the world most traded Linseed, disaggragated by their HS6 level were Linseed ($886M)

Import Tariffs

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In 2018, the average tariff for importing Linseed was 5.08%. The countries with the highest tariffs for importing Linseed were Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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 Linseed to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.