HS Icon Peat (including peat litter)

270300 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $1.38B, Rnk 1648 / 4648

2019
Top Exporter | Top Importer
: $372M | $361M, Canada | United States

2019
Product Complexity
: 0.48, Rnk 1710 / 4826

2018 - 2019
Export Growth (CAGR)
: -27.8%, Rnk 4432 / 4648

2018
Mean Tariff
: 2.46%, Rnk 5996 / 6538

 2019
Share of World Trade
: 0.0076%, Rnk 1648 / 4648

Overview:  This page contains the latest trade data of Peat (including peat litter). In 2019, Peat (including peat litter) were the world's 1648th most traded product, with a total trade of $1.38B. Between 2018 and 2019 the exports of Peat (including peat litter) decreased by -27.8%, from  $1.92B to $1.38B. Trade in Peat (including peat litter) represent 0.0076% of total world trade.

Exports: In 2019 the top exporters of Peat (including peat litter)  were Canada ($372M), Latvia ($205M), Germany ($176M), Netherlands ($139M), and Estonia ($87.5M).

Imports: In 2019 the top importers of Peat (including peat litter) were United States ($361M), Netherlands ($106M), France ($91.5M), Germany ($80.8M), and Italy ($62.6M).

Tariffs: In 2018 the average tariff for Peat (including peat litter) was 2.46%, making it the 5996th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Peat (including peat litter) are Bermuda (25%), Zambia (13.6%), Panama (10%), Bangladesh (9.84%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Peat (including peat litter) ranks 1710th in the Product Complexity Index (PCI).

Description: Peat is an organic material obtained from the decomposed remains of plants. It is used as a soil amendment, fuel, or as a raw material for the manufacture of fertilizers. Peat litter is typically made from peat moss and is used as a cat litter.

Exporters and Importers

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Trade By Country

Top Origin (2019): Canada, $372M

Top Destination (2019): United States, $361M

Peat (including peat litter) are the world's 1648th most traded product.

In 2019, the top exporters of Peat (including peat litter) were Canada ($372M), Latvia ($205M), Germany ($176M), Netherlands ($139M), and Estonia ($87.5M).

In 2019, the top importers of Peat (including peat litter) were United States ($361M), Netherlands ($106M), France ($91.5M), Germany ($80.8M), and Italy ($62.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $4.77M

Top Destination Growth (2018 - 2019): Mexico, $3.38M

Between 2018 and 2019, the exports of Peat (including peat litter) grew the fastest in Russia ($4.77M), India ($2.43M), France ($2.38M), Armenia ($1.83M), and United States ($1.68M).

Between 2018 and 2019, the fastest growing importers of Peat (including peat litter) were Mexico ($3.38M), Finland ($3.06M), Lithuania ($2.26M), Canada ($2.24M), and China ($1.8M).

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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 Peat (including peat litter).

In 2019,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Peat (including peat litter) are explained by 11 countries.

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TOP NET EXPORTER (2019): Canada, $354M

TOP NET IMPORTER (2019): United States, $339M

This map shows which countries export or import more of Peat (including peat litter). Each country is colored based on the difference in exports and imports of Peat (including peat litter) during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Peat (including peat litter) were Canada ($354M), Latvia ($199M), Germany ($95.2M), Estonia ($83.9M), and Ireland ($72.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Peat (including peat litter) were United States ($339M), France ($86.3M), Italy ($60.1M), United Kingdom ($48.8M), and Spain ($45.2M).

Import Tariffs

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In 2018, the average tariff for importing Peat (including peat litter) was 2.46%.  The countries with the highest tariffs for importing Peat (including peat litter) were Bermuda (25%), Zambia (13.6%), Panama (10%), Bangladesh (9.84%), and Cameroon (9.81%).

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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.