Products of tobacco, substitute nes, extract, essence
240399 (Harmonized System 1992 for 6-digit)
Overview: This page contains the latest trade data of Products of tobacco, substitute nes, extract, essence. In 2019, Products of tobacco, substitute nes, extract, essence were the world's 780th most traded product, with a total trade of $3.94B. Between 2018 and 2019 the exports of Products of tobacco, substitute nes, extract, essence grew by 34%, from $2.94B to $3.94B. Trade in Products of tobacco, substitute nes, extract, essence represent 0.022% of total world trade.
Exports: In 2019 the top exporters of Products of tobacco, substitute nes, extract, essence were Italy ($1.42B), Romania ($372M), Sweden ($353M), Greece ($250M), and India ($249M).
Imports: In 2019 the top importers of Products of tobacco, substitute nes, extract, essence were Japan ($1.64B), Norway ($240M), Egypt ($158M), Ukraine ($142M), and Turkey ($120M).
Tariffs: In 2018 the average tariff for Products of tobacco, substitute nes, extract, essence was 30.3%, making it the 107th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Products of tobacco, substitute nes, extract, essence are Sri Lanka (250%), Poland (230%), Maldives (195%), United States (161%), and Saudi Arabia (123%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Products of tobacco, substitute nes, extract, essence ranks 3733rd in the Product Complexity Index (PCI).
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Products of tobacco, substitute nes, extract, essence are the world's 780th most traded product.
In 2019, the top exporters of Products of tobacco, substitute nes, extract, essence were Italy ($1.42B), Romania ($372M), Sweden ($353M), Greece ($250M), and India ($249M).
In 2019, the top importers of Products of tobacco, substitute nes, extract, essence were Japan ($1.64B), Norway ($240M), Egypt ($158M), Ukraine ($142M), and Turkey ($120M).
Market Dynamics
#permalink to sectionTrade by country
Between 2018 and 2019, the exports of Products of tobacco, substitute nes, extract, essence grew the fastest in Italy ($594M), Romania ($169M), Greece ($151M), Russia ($62M), and Sweden ($58.9M).
Between 2018 and 2019, the fastest growing importers of Products of tobacco, substitute nes, extract, essence were Japan ($599M), Ukraine ($56.3M), Poland ($49.3M), Latvia ($47.7M), and Germany ($47.4M).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Products of tobacco, substitute nes, extract, essence.
In 2019, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Products of tobacco, substitute nes, extract, essence are explained by 12 countries.
Net Trade
#permalink to sectionThis map shows which countries export or import more of Products of tobacco, substitute nes, extract, essence. Each country is colored based on the difference in exports and imports of Products of tobacco, substitute nes, extract, essence during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Products of tobacco, substitute nes, extract, essence were Italy ($1.39B), Romania ($347M), Sweden ($329M), India ($240M), and Greece ($234M).
In 2019, the countries that had a largest trade value in imports than in exports of Products of tobacco, substitute nes, extract, essence were Japan ($1.62B), Norway ($237M), Egypt ($157M), Turkey ($117M), and Poland ($103M).
Tariffs
#permalink to sectionImport Tariffs
#permalink to sectionIn 2018, the average tariff for importing Products of tobacco, substitute nes, extract, essence was 30.3%. The countries with the highest tariffs for importing Products of tobacco, substitute nes, extract, essence were Sri Lanka (250%), Poland (230%), Maldives (195%), United States (161%), and Saudi Arabia (123%).
Product Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
