HS Icon Tea

0902 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.71B, Rnk 396 / 1225

Top Exporter (2018): $1.67B, China

Top Importer (2018): $689M, Pakistan

Product Complexity (2018): -1.91, Rnk 992 / 1018

Export Growth (CAGR)(2017 - 2018): 8.22%, Rnk 858 / 1225

Mean Tariff (2018): 9.97%, Rnk 428 / 1259

Share of World Trade (2018): 0.042%, Rnk 396 / 1225

Overview:  This page contains the latest trade data of Tea. In 2018, Tea were the world's 396th most traded product, with a total trade of $7.71B. Between 2017 and 2018 the exports of Tea grew by 8.22%, from  $7.12B to $7.71B. Trade in Tea represent 0.042% of total world trade.

Exports: In 2018 the top exporters of Tea  were China ($1.67B), Kenya ($1.46B), Sri Lanka ($858M), India ($807M), and United Arab Emirates ($341M).

Imports: In 2018 the top importers of Tea were Pakistan ($689M), United States ($484M), Russia ($473M), United Kingdom ($357M), and Hong Kong ($312M).

Tariffs: In 2018 the average tariff for Tea was 9.97%, been the 428 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tea are South Korea (255%), Turkey (144%), India (96.4%), Thailand (87.6%), and Laos (38.3%). The countries with the lowest tariffs are South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Lebanon (0%).

Ranking: Tea ranks 992nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.67B

Top Destination (2018): Pakistan, $689M

Tea are the world's 396th most traded product.

In 2018, the top exporters of Tea were China ($1.67B), Kenya ($1.46B), Sri Lanka ($858M), India ($807M), and United Arab Emirates ($341M).

In 2018, the top importers of Tea were Pakistan ($689M), United States ($484M), Russia ($473M), United Kingdom ($357M), and Hong Kong ($312M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $372M

Top Destination Growth (2017 - 2018): Hong Kong, $180M

Between 2017 and 2018, the exports of Tea grew the fastest in China ($372M), United Arab Emirates ($179M), Kenya ($82.7M), Vietnam ($80.9M), and United States ($62.8M).

Between 2017 and 2018, the fastest growing importers of Tea were Hong Kong ($180M), Afghanistan ($154M), Canada ($117M), Saudi Arabia ($87.9M), and Pakistan ($83.4M).

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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 Tea.

In 2018,  market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Tea are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $1.49B

TOP NET IMPORTER (2018): Pakistan, $664M

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

In 2018, the countries that had a largest trade value in exports than in imports of Tea were China ($1.49B), Kenya ($1.4B), Sri Lanka ($841M), India ($782M), and Indonesia ($92.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Tea were Pakistan ($664M), Russia ($375M), United States ($372M), Egypt ($260M), and Hong Kong ($258M).

Trade Forecasts

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This section shows forecasts for total trade for Tea. 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 Tea was 9.97%.  The countries with the highest tariffs for importing Tea were South Korea (255%), Turkey (144%), India (96.4%), Thailand (87.6%), and Laos (38.3%).

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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.