HS Icon Sugar beet

121291 (Harmonized System 1992 for 6-digit)

World Trade (2019): $50.8M, Rnk 4363 / 4648

Top Exporter (2019): $20M, Germany

Top Importer (2019): $16.1M, Switzerland

Product Complexity (2019): 0.29, Rnk 2096 / 4826

Export Growth (CAGR)(2018 - 2019): 8.22%, Rnk 521 / 4648

Mean Tariff (2018): 11.5%, Rnk 1865 / 6538

Share of World Trade (2019): 0.00028%, Rnk 4363 / 4648

Overview:  This page contains the latest trade data of Sugar beet. In 2019, Sugar beet were the world's 4363rd most traded product, with a total trade of $50.8M. Between 2018 and 2019 the exports of Sugar beet grew by 8.22%, from  $47M to $50.8M. Trade in Sugar beet represent 0.00028% of total world trade.

Exports: In 2019 the top exporters of Sugar beet  were Germany ($20M), Hungary ($4.91M), Belgium ($3.47M), Slovenia ($3.27M), and Slovakia ($3.09M).

Imports: In 2019 the top importers of Sugar beet were Switzerland ($16.1M), Czechia ($8.31M), Croatia ($5.91M), Netherlands ($4.48M), and Denmark ($2.77M).

Tariffs: In 2018 the average tariff for Sugar beet was 11.5%, making it the 1865th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sugar beet are Cyprus (74%), Austria (74%), Belgium (74%), Bulgaria (74%), and Czechia (74%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Sugar beet ranks 2096th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $20M

Top Destination (2019): Switzerland, $16.1M

Sugar beet are the world's 4363rd most traded product.

In 2019, the top exporters of Sugar beet were Germany ($20M), Hungary ($4.91M), Belgium ($3.47M), Slovenia ($3.27M), and Slovakia ($3.09M).

In 2019, the top importers of Sugar beet were Switzerland ($16.1M), Czechia ($8.31M), Croatia ($5.91M), Netherlands ($4.48M), and Denmark ($2.77M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Germany, $4.79M

Top Destination Growth (2018 - 2019): Switzerland, $3.82M

Between 2018 and 2019, the exports of Sugar beet grew the fastest in Germany ($4.79M), Latvia ($2.38M), Slovenia ($1.31M), Lithuania ($1.05M), and France ($851k).

Between 2018 and 2019, the fastest growing importers of Sugar beet were Switzerland ($3.82M), Denmark ($2.56M), Lithuania ($933k), Slovenia ($842k), and Croatia ($647k).

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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 Sugar beet.

In 2019,  market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Sugar beet are explained by 10 countries.

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TOP NET EXPORTER (2019): Germany, $18.4M

TOP NET IMPORTER (2019): Switzerland, $16.1M

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

In 2019, the countries that had a largest trade value in exports than in imports of Sugar beet were Germany ($18.4M), Hungary ($3.69M), Belgium ($3.27M), Slovakia ($3.03M), and Austria ($2.54M).

In 2019, the countries that had a largest trade value in imports than in exports of Sugar beet were Switzerland ($16.1M), Czechia ($7.59M), Croatia ($4.42M), Netherlands ($3.65M), and Denmark ($1.84M).

Import Tariffs

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In 2018, the average tariff for importing Sugar beet was 11.5%.  The countries with the highest tariffs for importing Sugar beet were Cyprus (74%), Austria (74%), Belgium (74%), Bulgaria (74%), and Czechia (74%).

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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.