HS Icon Products of tobacco, substitute nes, extract, essence

240399 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $3.94B, Rnk 780 / 4648

2019
Top Exporter | Top Importer
: $1.42B | $1.64B, Italy | Japan

2019
Product Complexity
: -0.79, Rnk 3733 / 4826

2018 - 2019
Export Growth (CAGR)
: 34%, Rnk 88 / 4648

2018
Mean Tariff
: 30.3%, Rnk 107 / 6538

 2019
Share of World Trade
: 0.022%, Rnk 780 / 4648

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).

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $1.42B

Top Destination (2019): Japan, $1.64B

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Italy, $594M

Top Destination Growth (2018 - 2019): Japan, $599M

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).

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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 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.

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TOP NET EXPORTER (2019): Italy, $1.39B

TOP NET IMPORTER (2019): Japan, $1.62B

This 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).

Import Tariffs

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In 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%).

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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.