HS Icon Rum and tafia

220840 (Harmonized System 1992 for 6-digit)

World Trade (2019): $1.63B, Rnk 1493 / 4648

Top Exporter (2019): $247M, Italy

Top Importer (2019): $162M, Germany

Product Complexity (2019): -0.71, Rnk 3641 / 4826

Export Growth (CAGR)(2018 - 2019): 1.46%, Rnk 1238 / 4648

Mean Tariff (2018): 33.4%, Rnk 64 / 6538

Share of World Trade (2019): 0.009%, Rnk 1493 / 4648

Overview:  This page contains the latest trade data of Rum and tafia. In 2019, Rum and tafia were the world's 1493rd most traded product, with a total trade of $1.63B. Between 2018 and 2019 the exports of Rum and tafia grew by 1.46%, from  $1.61B to $1.63B. Trade in Rum and tafia represent 0.009% of total world trade.

Exports: In 2019 the top exporters of Rum and tafia  were Italy ($247M), United States ($167M), Dominican Republic ($115M), Cuba ($87.5M), and France ($86.3M).

Imports: In 2019 the top importers of Rum and tafia were Germany ($162M), Spain ($155M), United States ($126M), Netherlands ($106M), and Italy ($104M).

Tariffs: In 2018 the average tariff for Rum and tafia was 33.4%, making it the 64th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Rum and tafia are Egypt (2.63k%), Poland (258%), Cyprus (199%), Jordan (196%), and Indonesia (150%). The countries with the lowest tariffs are Liberia (0%), South Africa (0%), United Arab Emirates (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Rum and tafia ranks 3641st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $247M

Top Destination (2019): Germany, $162M

Rum and tafia are the world's 1493rd most traded product.

In 2019, the top exporters of Rum and tafia were Italy ($247M), United States ($167M), Dominican Republic ($115M), Cuba ($87.5M), and France ($86.3M).

In 2019, the top importers of Rum and tafia were Germany ($162M), Spain ($155M), United States ($126M), Netherlands ($106M), and Italy ($104M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Italy, $105M

Top Destination Growth (2018 - 2019): United States, $13.2M

Between 2018 and 2019, the exports of Rum and tafia grew the fastest in Italy ($105M), Netherlands ($10.1M), Jamaica ($8.79M), United States ($7.82M), and Spain ($7.18M).

Between 2018 and 2019, the fastest growing importers of Rum and tafia were United States ($13.2M), Netherlands ($8.5M), Russia ($7.67M), Canada ($6.28M), and Austria ($5.19M).

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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 Rum and tafia.

In 2019,  market concentration measured using Shannon Entropy, was 4.69. This means that most of the exports of Rum and tafia are explained by 25 countries.

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TOP NET EXPORTER (2019): Italy, $142M

TOP NET IMPORTER (2019): Germany, $106M

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

In 2019, the countries that had a largest trade value in exports than in imports of Rum and tafia were Italy ($142M), Dominican Republic ($114M), Cuba ($87.4M), Venezuela ($70.8M), and Jamaica ($62.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Rum and tafia were Germany ($106M), Canada ($88.6M), Spain ($68.9M), Russia ($48.8M), and United Kingdom ($39.7M).

Import Tariffs

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In 2018, the average tariff for importing Rum and tafia was 33.4%.  The countries with the highest tariffs for importing Rum and tafia were Egypt (2.63k%), Poland (258%), Cyprus (199%), Jordan (196%), and Indonesia (150%).

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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.