HS Icon Spirits obtained by distilling grape wine, grape marc

220820 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.93B, Rnk 467 / 4726

Top Exporter (2018): $3.79B, France

Top Importer (2018): $1.56B, United States

Product Complexity (2018): -0.54, Rnk 3446 / 4873

Export Growth (CAGR)(2017 - 2018): 6.61%, Rnk 3135 / 4726

Mean Tariff (2018): 26.2%, Rnk 187 / 6538

Share of World Trade (2018): 0.038%, Rnk 467 / 4726

Overview:  This page contains the latest trade data of Spirits obtained by distilling grape wine, grape marc. In 2018, Spirits obtained by distilling grape wine, grape marc were the world's 467th most traded product, with a total trade of $6.93B. Between 2017 and 2018 the exports of Spirits obtained by distilling grape wine, grape marc grew by 6.61%, from  $6.5B to $6.93B. Trade in Spirits obtained by distilling grape wine, grape marc represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Spirits obtained by distilling grape wine, grape marc  were France ($3.79B), Singapore ($977M), Hong Kong ($286M), Spain ($231M), and United States ($229M).

Imports: In 2018 the top importers of Spirits obtained by distilling grape wine, grape marc were United States ($1.56B), China ($1.01B), Singapore ($755M), Vietnam ($740M), and Russia ($349M).

Tariffs: In 2018 the average tariff for Spirits obtained by distilling grape wine, grape marc was 26.2%, been the 187 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Spirits obtained by distilling grape wine, grape marc are Egypt (2.63k%), Poland (258%), Jordan (197%), Indonesia (150%), and India (150%). The countries with the lowest tariffs are Liberia (0%), South Africa (0%), United Arab Emirates (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Spirits obtained by distilling grape wine, grape marc ranks 3446th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $3.79B

Top Destination (2018): United States, $1.56B

Spirits obtained by distilling grape wine, grape marc are the world's 467th most traded product.

In 2018, the top exporters of Spirits obtained by distilling grape wine, grape marc were France ($3.79B), Singapore ($977M), Hong Kong ($286M), Spain ($231M), and United States ($229M).

In 2018, the top importers of Spirits obtained by distilling grape wine, grape marc were United States ($1.56B), China ($1.01B), Singapore ($755M), Vietnam ($740M), and Russia ($349M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $180M

Top Destination Growth (2017 - 2018): Vietnam, $111M

Between 2017 and 2018, the exports of Spirits obtained by distilling grape wine, grape marc grew the fastest in Singapore ($180M), Chinese Taipei ($133M), Malaysia ($64.8M), United States ($61.1M), and Thailand ($61M).

Between 2017 and 2018, the fastest growing importers of Spirits obtained by distilling grape wine, grape marc were Vietnam ($111M), United States ($105M), Netherlands ($86.8M), China ($86.6M), and Singapore ($60.5M).

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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 Spirits obtained by distilling grape wine, grape marc.

In 2018,  market concentration measured using Shannon Entropy, was 2.78. This means that most of the exports of Spirits obtained by distilling grape wine, grape marc are explained by 6 countries.

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TOP NET EXPORTER (2018): France, $3.72B

TOP NET IMPORTER (2018): United States, $1.33B

This map shows which countries export or import more of Spirits obtained by distilling grape wine, grape marc. Each country is colored based on the difference in exports and imports of Spirits obtained by distilling grape wine, grape marc during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Spirits obtained by distilling grape wine, grape marc were France ($3.72B), Singapore ($222M), Armenia ($186M), Spain ($182M), and Georgia ($96.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Spirits obtained by distilling grape wine, grape marc were United States ($1.33B), China ($966M), Vietnam ($737M), Russia ($347M), and Panama ($112M).

Trade Forecasts

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This section shows forecasts for total trade for Spirits obtained by distilling grape wine, grape marc. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Spirits obtained by distilling grape wine, grape marc was 26.2%.  The countries with the highest tariffs for importing Spirits obtained by distilling grape wine, grape marc were Egypt (2.63k%), Poland (258%), Jordan (197%), Indonesia (150%), and India (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.