HS Icon Potatoes

0701 (Harmonized System 1992 for 4-digit)

World Trade (2019): $5.09B, Rnk 493 / 1217

Top Exporter (2019): $944M, Netherlands

Top Importer (2019): $547M, Belgium

Product Complexity (2019): -0.76, Rnk 723 / 961

Export Growth (CAGR)(2018 - 2019): 15.6%, Rnk 42 / 1217

Mean Tariff (2018): 20.7%, Rnk 104 / 1259

Share of World Trade (2019): 0.028%, Rnk 493 / 1217

Overview:  This page contains the latest trade data of Potatoes. In 2019, Potatoes were the world's 493rd most traded product, with a total trade of $5.09B. Between 2018 and 2019 the exports of Potatoes grew by 15.6%, from  $4.4B to $5.09B. Trade in Potatoes represent 0.028% of total world trade.

Exports: In 2019 the top exporters of Potatoes  were Netherlands ($944M), France ($801M), Germany ($461M), China ($333M), and Egypt ($327M).

Imports: In 2019 the top importers of Potatoes were Belgium ($547M), Germany ($358M), Netherlands ($341M), Spain ($324M), and Italy ($254M).

Tariffs: In 2018 the average tariff for Potatoes was 20.7%, making it the 104th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Potatoes are South Korea (289%), Israel (133%), Thailand (122%), Iceland (111%), and Norway (90.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Potatoes ranks 723rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Netherlands, $944M

Top Destination (2019): Belgium, $547M

Potatoes are the world's 493rd most traded product.

In 2019, the top exporters of Potatoes were Netherlands ($944M), France ($801M), Germany ($461M), China ($333M), and Egypt ($327M).

In 2019, the top importers of Potatoes were Belgium ($547M), Germany ($358M), Netherlands ($341M), Spain ($324M), and Italy ($254M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $181M

Top Destination Growth (2018 - 2019): Belgium, $180M

Between 2018 and 2019, the exports of Potatoes grew the fastest in Netherlands ($181M), France ($159M), China ($99.7M), Germany ($66.1M), and Egypt ($64.4M).

Between 2018 and 2019, the fastest growing importers of Potatoes were Belgium ($180M), Germany ($107M), Hong Kong ($97.7M), Spain ($76.9M), and Italy ($68.7M).

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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 Potatoes.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Potatoes are explained by 18 countries.

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TOP NET EXPORTER (2019): France, $631M

TOP NET IMPORTER (2019): Belgium, $300M

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

In 2019, the countries that had a largest trade value in exports than in imports of Potatoes were France ($631M), Netherlands ($603M), China ($333M), Egypt ($223M), and Canada ($120M).

In 2019, the countries that had a largest trade value in imports than in exports of Potatoes were Belgium ($300M), Italy ($183M), Hong Kong ($172M), Spain ($124M), and Vietnam ($94.4M).

Disaggregation

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Value

In 2019, the world most traded Potatoes, disaggragated by their HS6 level were Potatoes, fresh or chilled except seed ($4.07B) and Potatoes seed, fresh or chilled ($1.01B)

Import Tariffs

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In 2018, the average tariff for importing Potatoes was 20.7%.  The countries with the highest tariffs for importing Potatoes were South Korea (289%), Israel (133%), Thailand (122%), Iceland (111%), and Norway (90.9%).

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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.