HS Icon Vegetable or Animal Dyes

3203 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.47B, Rnk 825 / 1225

Top Exporter (2018): $247M, China

Top Importer (2018): $175M, United States

Export Growth (CAGR)(2017 - 2018): 18%, Rnk 392 / 1225

Mean Tariff (2018): 3.63%, Rnk 1062 / 1259

Share of World Trade (2018): 0.008%, Rnk 825 / 1225

Overview:  This page contains the latest trade data of Vegetable or Animal Dyes. In 2018, Vegetable or Animal Dyes were the world's 825th most traded product, with a total trade of $1.47B. Between 2017 and 2018 the exports of Vegetable or Animal Dyes grew by 18%, from  $1.25B to $1.47B. Trade in Vegetable or Animal Dyes represent 0.008% of total world trade.

Exports: In 2018 the top exporters of Vegetable or Animal Dyes  were China ($247M), Netherlands ($146M), United States ($131M), Denmark ($106M), and Spain ($106M).

Imports: In 2018 the top importers of Vegetable or Animal Dyes were United States ($175M), Germany ($109M), Netherlands ($85.3M), Japan ($85.3M), and Spain ($83.8M).

Tariffs: In 2018 the average tariff for Vegetable or Animal Dyes was 3.63%, been the 1062 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vegetable or Animal Dyes are Bahamas (40.2%), Bermuda (25%), Pakistan (15.7%), Nepal (14.8%), and Azerbaijan (14.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $247M

Top Destination (2018): United States, $175M

Vegetable or Animal Dyes are the world's 825th most traded product.

In 2018, the top exporters of Vegetable or Animal Dyes were China ($247M), Netherlands ($146M), United States ($131M), Denmark ($106M), and Spain ($106M).

In 2018, the top importers of Vegetable or Animal Dyes were United States ($175M), Germany ($109M), Netherlands ($85.3M), Japan ($85.3M), and Spain ($83.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $50.4M

Top Destination Growth (2017 - 2018): United States, $175M

Between 2017 and 2018, the exports of Vegetable or Animal Dyes grew the fastest in Netherlands ($50.4M), Denmark ($29.3M), Italy ($26.7M), Switzerland ($25.2M), and Israel ($20.1M).

Between 2017 and 2018, the fastest growing importers of Vegetable or Animal Dyes were United States ($175M), Denmark ($45.7M), Netherlands ($28.9M), India ($16.3M), and Afghanistan ($14.2M).

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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 or Animal Dyes.

In 2018,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Vegetable or Animal Dyes are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $216M

TOP NET IMPORTER (2018): Japan, $63.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Vegetable or Animal Dyes were China ($216M), Peru ($66M), Netherlands ($60.3M), Denmark ($59.7M), and Israel ($27.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetable or Animal Dyes were Japan ($63.5M), United States ($44.1M), Canada ($29.9M), Russia ($25.1M), and South Korea ($22.6M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetable or Animal Dyes. 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 or Animal Dyes was 3.63%.  The countries with the highest tariffs for importing Vegetable or Animal Dyes were Bahamas (40.2%), Bermuda (25%), Pakistan (15.7%), Nepal (14.8%), and Azerbaijan (14.4%).

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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.