Overview:  This page contains the latest trade data of Molasses. In 2019, Molasses were the world's 908th most traded product, with a total trade of $976M. Between 2018 and 2019 the exports of Molasses grew by 8.91%, from $897M to $976M. Trade in Molasses represent 0.0054% of total world trade.

Exports: In 2019 the top exporters of Molasses  were India ($123M), Indonesia ($94.2M), Thailand ($76.7M), Russia ($64.4M), and Guatemala ($59M).

Imports: In 2019 the top importers of Molasses were United States ($130M), Philippines ($103M), United Kingdom ($80.5M), South Korea ($60.7M), and Netherlands ($53.8M).

Tariffs: In 2018 the average tariff for Molasses was 12.8%, making it the 278th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Molasses are Poland (43.8%), Hungary (36.8%), Tunisia (36%), Fiji (31.1%), and Turkey (31.1%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Molasses ranks 890th 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): India, $123M

Top Destination (2019): United States, $130M

Molasses are the world's 908th most traded product.

In 2019, the top exporters of Molasses were India ($123M), Indonesia ($94.2M), Thailand ($76.7M), Russia ($64.4M), and Guatemala ($59M).

In 2019, the top importers of Molasses were United States ($130M), Philippines ($103M), United Kingdom ($80.5M), South Korea ($60.7M), and Netherlands ($53.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $55.3M

Top Destination Growth (2018 - 2019): Philippines, $73.6M

Between 2018 and 2019, the exports of Molasses grew the fastest in India ($55.3M), Thailand ($46.2M), Indonesia ($31.9M), Guatemala ($15.5M), and Mexico ($11.7M).

Between 2018 and 2019, the fastest growing importers of Molasses were Philippines ($73.6M), Turkey ($19M), Spain ($14.2M), South Korea ($10.9M), and Jamaica ($8.77M).

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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 Molasses.

In 2019,  market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Molasses are explained by 30 countries.

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TOP NET EXPORTER (2019): India, $122M

TOP NET IMPORTER (2019): United States, $108M

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

In 2019, the countries that had a largest trade value in exports than in imports of Molasses were India ($122M), Indonesia ($76.1M), Thailand ($72.1M), Russia ($64.3M), and Guatemala ($59M).

In 2019, the countries that had a largest trade value in imports than in exports of Molasses were United States ($108M), Philippines ($103M), United Kingdom ($64.9M), South Korea ($60.2M), and Turkey ($46.4M).

Disaggregation

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Value

In 2019, the world most traded Molasses, disaggragated by their HS6 level were Cane molasses ($627M) and Molasses, except cane molasses ($350M)

Import Tariffs

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In 2018, the average tariff for importing Molasses was 12.8%. The countries with the highest tariffs for importing Molasses were Poland (43.8%), Hungary (36.8%), Tunisia (36%), Fiji (31.1%), and Turkey (31.1%).

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