HS Icon Vegetable oil-cake and other solid residues nes

230690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $345M, Rnk 3156 / 4726

Top Exporter (2018): $144M, India

Top Importer (2018): $68.4M, Vietnam

Export Growth (CAGR)(2017 - 2018): 23.2%, Rnk 1159 / 4726

Mean Tariff (2018): 6.37%, Rnk 3442 / 6538

Share of World Trade (2018): 0.0019%, Rnk 3156 / 4726

Overview:  This page contains the latest trade data of Vegetable oil-cake and other solid residues nes. In 2018, Vegetable oil-cake and other solid residues nes were the world's 3156th most traded product, with a total trade of $345M. Between 2017 and 2018 the exports of Vegetable oil-cake and other solid residues nes grew by 23.2%, from  $280M to $345M. Trade in Vegetable oil-cake and other solid residues nes represent 0.0019% of total world trade.

Exports: In 2018 the top exporters of Vegetable oil-cake and other solid residues nes  were India ($144M), China ($42.9M), Netherlands ($14.2M), Spain ($13.6M), and Greece ($13.5M).

Imports: In 2018 the top importers of Vegetable oil-cake and other solid residues nes were Vietnam ($68.4M), Bangladesh ($33.7M), South Korea ($30.1M), Italy ($20M), and United States ($15.9M).

Tariffs: In 2018 the average tariff for Vegetable oil-cake and other solid residues nes was 6.37%, been the 3442 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Vegetable oil-cake and other solid residues nes are Syria (73.5%), Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), and Algeria (27.6%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritania (0%), Mauritius (0%), and Hong Kong (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $144M

Top Destination (2018): Vietnam, $68.4M

Vegetable oil-cake and other solid residues nes are the world's 3156th most traded product.

In 2018, the top exporters of Vegetable oil-cake and other solid residues nes were India ($144M), China ($42.9M), Netherlands ($14.2M), Spain ($13.6M), and Greece ($13.5M).

In 2018, the top importers of Vegetable oil-cake and other solid residues nes were Vietnam ($68.4M), Bangladesh ($33.7M), South Korea ($30.1M), Italy ($20M), and United States ($15.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $29.6M

Top Destination Growth (2017 - 2018): Bangladesh, $12.2M

Between 2017 and 2018, the exports of Vegetable oil-cake and other solid residues nes grew the fastest in India ($29.6M), China ($7.96M), Greece ($7.69M), Vietnam ($6.88M), and Tunisia ($5.62M).

Between 2017 and 2018, the fastest growing importers of Vegetable oil-cake and other solid residues nes were Bangladesh ($12.2M), Vietnam ($11.2M), Thailand ($8.72M), Spain ($7.19M), and Italy ($6.36M).

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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 Vegetable oil-cake and other solid residues nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Vegetable oil-cake and other solid residues nes are explained by 12 countries.

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TOP NET EXPORTER (2018): India, $128M

TOP NET IMPORTER (2018): Vietnam, $58.2M

This map shows which countries export or import more of Vegetable oil-cake and other solid residues nes. Each country is colored based on the difference in exports and imports of Vegetable oil-cake and other solid residues nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Vegetable oil-cake and other solid residues nes were India ($128M), China ($34.4M), Greece ($13M), Canada ($11.8M), and Netherlands ($10.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetable oil-cake and other solid residues nes were Vietnam ($58.2M), Bangladesh ($33.4M), South Korea ($30.1M), Italy ($18.8M), and Thailand ($13.3M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetable oil-cake and other solid residues nes. 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 Vegetable oil-cake and other solid residues nes was 6.37%.  The countries with the highest tariffs for importing Vegetable oil-cake and other solid residues nes were Syria (73.5%), Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), and Algeria (27.6%).

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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.