HS Icon Soya sauce

210310 (Harmonized System 1992 for 6-digit)

World Trade (2018): $667M, Rnk 2480 / 4726

Top Exporter (2018): $160M, China

Top Importer (2018): $98.1M, United States

Product Complexity (2018): 0.39, Rnk 1115 / 2722

Export Growth (CAGR)(2017 - 2018): 9.04%, Rnk 2804 / 4726

Mean Tariff (2018): 22.6%, Rnk 430 / 6538

Share of World Trade (2018): 0.0036%, Rnk 2480 / 4726

Overview:  This page contains the latest trade data of Soya sauce. In 2018, Soya sauce were the world's 2480th most traded product, with a total trade of $667M. Between 2017 and 2018 the exports of Soya sauce grew by 9.04%, from  $612M to $667M. Trade in Soya sauce represent 0.0036% of total world trade.

Exports: In 2018 the top exporters of Soya sauce  were China ($160M), Netherlands ($103M), Japan ($75.8M), United States ($56.5M), and Singapore ($48M).

Imports: In 2018 the top importers of Soya sauce were United States ($98.1M), Hong Kong ($45.4M), Germany ($38.4M), Canada ($36M), and France ($35.1M).

Tariffs: In 2018 the average tariff for Soya sauce was 22.6%, been the 430 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Soya sauce are Austria (214%), Iran (45%), Zimbabwe (36.5%), Tunisia (36%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Soya sauce ranks 1115th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $160M

Top Destination (2018): United States, $98.1M

Soya sauce are the world's 2480th most traded product.

In 2018, the top exporters of Soya sauce were China ($160M), Netherlands ($103M), Japan ($75.8M), United States ($56.5M), and Singapore ($48M).

In 2018, the top importers of Soya sauce were United States ($98.1M), Hong Kong ($45.4M), Germany ($38.4M), Canada ($36M), and France ($35.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $24.1M

Top Destination Growth (2017 - 2018): Hong Kong, $11.9M

Between 2017 and 2018, the exports of Soya sauce grew the fastest in Netherlands ($24.1M), Thailand ($11.2M), China ($9.59M), Malaysia ($6.01M), and Chinese Taipei ($3.01M).

Between 2017 and 2018, the fastest growing importers of Soya sauce were Hong Kong ($11.9M), Belgium-Luxembourg ($6.53M), Germany ($4.77M), Malaysia ($4.43M), and Indonesia ($3.95M).

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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 Soya sauce.

In 2018,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Soya sauce are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $138M

TOP NET IMPORTER (2018): United States, $41.6M

This map shows which countries export or import more of Soya sauce. Each country is colored based on the difference in exports and imports of Soya sauce during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Soya sauce were China ($138M), Netherlands ($83.1M), Japan ($73.4M), Singapore ($37.5M), and Chinese Taipei ($21.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Soya sauce were United States ($41.6M), Australia ($33.2M), Canada ($32.6M), France ($31.6M), and Germany ($22.2M).

Import Tariffs

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In 2018, the average tariff for importing Soya sauce was 22.6%.  The countries with the highest tariffs for importing Soya sauce were Austria (214%), Iran (45%), Zimbabwe (36.5%), Tunisia (36%), and Sudan (35%).

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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.