HS Icon Other Vegetable Residues

2306 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Vegetable Residues. In 2019, Other Vegetable Residues were the world's 406th most traded product, with a total trade of $7.14B. Between 2018 and 2019 the exports of Other Vegetable Residues grew by 1.83%, from $7.01B to $7.14B. Trade in Other Vegetable Residues represent 0.039% of total world trade.

Exports In 2019 the top exporters of Other Vegetable Residues  were Canada ($1.26B), Ukraine ($1.09B), Indonesia ($772M), Germany ($455M), and Russia ($420M).

Imports In 2019 the top importers of Other Vegetable Residues were United States ($911M), China ($850M), Netherlands ($597M), France ($405M), and Germany ($329M).

Tariffs In 2018 the average tariff for Other Vegetable Residues was 4.79%, making it the 856th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Vegetable Residues are Iceland (52.7%), Bahamas (40.3%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritania (0%), Mauritius (0%), and Hong Kong (0%).

Ranking Other Vegetable Residues ranks 784th 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): Canada, $1.26B

Top Destination (2019): United States, $911M

Other Vegetable Residues are the world's 406th most traded product.

In 2019, the top exporters of Other Vegetable Residues were Canada ($1.26B), Ukraine ($1.09B), Indonesia ($772M), Germany ($455M), and Russia ($420M).

In 2019, the top importers of Other Vegetable Residues were United States ($911M), China ($850M), Netherlands ($597M), France ($405M), and Germany ($329M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Ukraine, $158M

Top Destination Growth (2018 - 2019): China, $220M

Between 2018 and 2019, the exports of Other Vegetable Residues grew the fastest in Ukraine ($158M), Russia ($121M), Argentina ($52M), Hungary ($33.3M), and Mali ($20.5M).

Between 2018 and 2019, the fastest growing importers of Other Vegetable Residues were China ($220M), Turkey ($79.1M), France ($57.6M), India ($47.8M), and Latvia ($36.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Other Vegetable Residues.

In 2019,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Other Vegetable Residues are explained by 20 countries.

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TOP NET EXPORTER (2019): Canada, $1.26B

TOP NET IMPORTER (2019): United States, $850M

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Vegetable Residues were Canada ($1.26B), Ukraine ($1.09B), Indonesia ($762M), Russia ($392M), and Malaysia ($275M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Vegetable Residues were United States ($850M), China ($813M), Netherlands ($374M), France ($282M), and South Korea ($277M).

Disaggregation

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Value

In 2019, the world most traded Other Vegetable Residues, disaggragated by their HS6 level were Rape or colza seed oil-cake and... ($2.98B), Sunflower seed oil-cake and other solid... ($2.29B), Palm nut or kernel oil cake... ($1.13B), Vegetable oil-cake and other solid residues... ($428M), and Coconut or copra oil-cake and other... ($126M)

Import Tariffs

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In 2018, the average tariff for importing Other Vegetable Residues was 4.79%. The countries with the highest tariffs for importing Other Vegetable Residues were Iceland (52.7%), Bahamas (40.3%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%).

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