Processed Cereals1104 (Harmonized System 1992 for 4-digit)
World Trade (2018): $1.74B, Rnk 775 / 1225
Top Exporter (2018): $302M, Canada
Top Importer (2018): $313M, United States
Product Complexity (2018): -0.53, Rnk 707 / 1018
Export Growth (CAGR)(2017 - 2018): 17%, Rnk 431 / 1225
Mean Tariff (2018): 45.3%, Rnk 5 / 1259
Share of World Trade (2018): 0.0095%, Rnk 775 / 1225
Overview: This page contains the latest trade data of Processed Cereals. In 2018, Processed Cereals were the world's 775th most traded product, with a total trade of $1.74B. Between 2017 and 2018 the exports of Processed Cereals grew by 17%, from $1.49B to $1.74B. Trade in Processed Cereals represent 0.0095% of total world trade.
Exports: In 2018 the top exporters of Processed Cereals were Canada ($302M), Germany ($162M), Turkey ($120M), United Kingdom ($107M), and United States ($106M).
Imports: In 2018 the top importers of Processed Cereals were United States ($313M), Ghana ($129M), Netherlands ($96M), Germany ($86.5M), and Mexico ($65.2M).
Tariffs: In 2018 the average tariff for Processed Cereals was 45.3%, been the 5 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Processed Cereals are Austria (653%), South Korea (384%), Latvia (46%), Turkey (43.7%), and Estonia (41.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).
Ranking: Processed Cereals ranks 707th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Canada, $302M
Top Destination (2018): United States, $313M
Processed Cereals are the world's 775th most traded product.
In 2018, the top exporters of Processed Cereals were Canada ($302M), Germany ($162M), Turkey ($120M), United Kingdom ($107M), and United States ($106M).
In 2018, the top importers of Processed Cereals were United States ($313M), Ghana ($129M), Netherlands ($96M), Germany ($86.5M), and Mexico ($65.2M).
Trade by country
Top Origin Growth (2017 - 2018): Turkey, $106M
Top Destination Growth (2017 - 2018): United States, $133M
Between 2017 and 2018, the exports of Processed Cereals grew the fastest in Turkey ($106M), Canada ($105M), Chile ($37M), Germany ($23.9M), and Russia ($20.6M).
Between 2017 and 2018, the fastest growing importers of Processed Cereals were United States ($133M), Ghana ($87.5M), Iraq ($21.8M), China ($21.5M), and Germany ($19.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Processed Cereals.
In 2018, market concentration measured using Shannon Entropy, was 4.78. This means that most of the exports of Processed Cereals are explained by 27 countries.
TOP NET EXPORTER (2018): Canada, $281M
TOP NET IMPORTER (2018): United States, $206M
This map shows which countries export or import more of Processed Cereals. Each country is colored based on the difference in exports and imports of Processed Cereals during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Processed Cereals were Canada ($281M), Turkey ($90.6M), Russia ($84.7M), Germany ($75.1M), and United Kingdom ($74M).
In 2018, the countries that had a largest trade value in imports than in exports of Processed Cereals were United States ($206M), Ghana ($129M), Mexico ($64.9M), Netherlands ($48.9M), and Japan ($44.2M).
In 2018, the average tariff for importing Processed Cereals was 45.3%. The countries with the highest tariffs for importing Processed Cereals were Austria (653%), South Korea (384%), Latvia (46%), Turkey (43.7%), and Estonia (41.9%).
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.
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