HS Icon Prepared Cereals

1904 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.69B, Rnk 428 / 1217

2019
Top Exporter | Top Importer
: $699M | $732M, Germany | United States

2019
Product Complexity
: -0.49, Rnk 662 / 961

2018 - 2019
Export Growth (CAGR)
: 0.32%, Rnk 371 / 1217

2018
Mean Tariff
: 32.2%, Rnk 16 / 1259

 2019
Share of World Trade
: 0.037%, Rnk 428 / 1217

Overview:  This page contains the latest trade data of Prepared Cereals. In 2019, Prepared Cereals were the world's 428th most traded product, with a total trade of $6.69B. Between 2018 and 2019 the exports of Prepared Cereals grew by 0.32%, from  $6.67B to $6.69B. Trade in Prepared Cereals represent 0.037% of total world trade.

Exports: In 2019 the top exporters of Prepared Cereals  were Germany ($699M), United States ($673M), United Kingdom ($610M), Belgium ($470M), and Poland ($386M).

Imports: In 2019 the top importers of Prepared Cereals were United States ($732M), Canada ($502M), France ($429M), United Kingdom ($415M), and Germany ($379M).

Tariffs: In 2018 the average tariff for Prepared Cereals was 32.2%, making it the 16th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Prepared Cereals are Austria (328%), Cyprus (65.9%), Syria (53.3%), Iran (45%), and North Macedonia (36.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Bahamas (0%).

Ranking: Prepared Cereals ranks 662nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $699M

Top Destination (2019): United States, $732M

Prepared Cereals are the world's 428th most traded product.

In 2019, the top exporters of Prepared Cereals were Germany ($699M), United States ($673M), United Kingdom ($610M), Belgium ($470M), and Poland ($386M).

In 2019, the top importers of Prepared Cereals were United States ($732M), Canada ($502M), France ($429M), United Kingdom ($415M), and Germany ($379M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $46.9M

Top Destination Growth (2018 - 2019): United States, $81.5M

Between 2018 and 2019, the exports of Prepared Cereals grew the fastest in Netherlands ($46.9M), Thailand ($23.6M), Canada ($22.8M), Poland ($19.2M), and Turkey ($18.4M).

Between 2018 and 2019, the fastest growing importers of Prepared Cereals were United States ($81.5M), Germany ($29.7M), Saudi Arabia ($12.3M), Denmark ($9.18M), and Russia ($7.23M).

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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 Prepared Cereals.

In 2019,  market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Prepared Cereals are explained by 28 countries.

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TOP NET EXPORTER (2019): Germany, $320M

TOP NET IMPORTER (2019): Canada, $188M

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

In 2019, the countries that had a largest trade value in exports than in imports of Prepared Cereals were Germany ($320M), Poland ($320M), Belgium ($231M), Mexico ($222M), and United Kingdom ($195M).

In 2019, the countries that had a largest trade value in imports than in exports of Prepared Cereals were Canada ($188M), Ireland ($149M), Saudi Arabia ($106M), Hong Kong ($97.7M), and Sweden ($86.6M).

Disaggregation

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Value

In 2019, the world most traded Prepared Cereals, disaggragated by their HS6 level were Cereal foods obtained by swelling, roasting... ($5.39B) and Cereals, except maize grain, prepared nes ($1.3B)

Import Tariffs

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In 2018, the average tariff for importing Prepared Cereals was 32.2%.  The countries with the highest tariffs for importing Prepared Cereals were Austria (328%), Cyprus (65.9%), Syria (53.3%), Iran (45%), and North Macedonia (36.4%).

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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.