HS Icon Vegetable saps and extracts nes

130219 (Harmonized System 1992 for 6-digit)

World Trade (2019): $3.01B, Rnk 983 / 4648

Top Exporter (2019): $872M, China

Top Importer (2019): $745M, United States

Product Complexity (2019): -1.1, Rnk 4060 / 4826

Export Growth (CAGR)(2018 - 2019): 0.45%, Rnk 1426 / 4648

Mean Tariff (2018): 6.46%, Rnk 3409 / 6538

Share of World Trade (2019): 0.017%, Rnk 983 / 4648

Overview:  This page contains the latest trade data of Vegetable saps and extracts nes. In 2019, Vegetable saps and extracts nes were the world's 983rd most traded product, with a total trade of $3.01B. Between 2018 and 2019 the exports of Vegetable saps and extracts nes grew by 0.45%, from  $3B to $3.01B. Trade in Vegetable saps and extracts nes represent 0.017% of total world trade.

Exports: In 2019 the top exporters of Vegetable saps and extracts nes  were China ($872M), India ($375M), United States ($291M), Germany ($231M), and Spain ($189M).

Imports: In 2019 the top importers of Vegetable saps and extracts nes were United States ($745M), Germany ($231M), Japan ($224M), South Korea ($190M), and France ($143M).

Tariffs: In 2018 the average tariff for Vegetable saps and extracts nes was 6.46%, making it the 3409th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Vegetable saps and extracts nes are South Korea (119%), Tunisia (36%), Sudan (35%), Bahamas (31.2%), and Ethiopia (29.7%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Vegetable saps and extracts nes ranks 4060th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $872M

Top Destination (2019): United States, $745M

Vegetable saps and extracts nes are the world's 983rd most traded product.

In 2019, the top exporters of Vegetable saps and extracts nes were China ($872M), India ($375M), United States ($291M), Germany ($231M), and Spain ($189M).

In 2019, the top importers of Vegetable saps and extracts nes were United States ($745M), Germany ($231M), Japan ($224M), South Korea ($190M), and France ($143M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $33.5M

Top Destination Growth (2018 - 2019): South Korea, $30.3M

Between 2018 and 2019, the exports of Vegetable saps and extracts nes grew the fastest in China ($33.5M), India ($30M), Spain ($17.6M), Italy ($16.5M), and Vietnam ($15.3M).

Between 2018 and 2019, the fastest growing importers of Vegetable saps and extracts nes were South Korea ($30.3M), Malaysia ($21.6M), China ($14.4M), Italy ($11.7M), and Spain ($10.9M).

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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 saps and extracts nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Vegetable saps and extracts nes are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $790M

TOP NET IMPORTER (2019): United States, $454M

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

In 2019, the countries that had a largest trade value in exports than in imports of Vegetable saps and extracts nes were China ($790M), India ($340M), Spain ($116M), Vietnam ($36.1M), and Madagascar ($32.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Vegetable saps and extracts nes were United States ($454M), Japan ($194M), South Korea ($132M), Hong Kong ($87M), and France ($47.8M).

Import Tariffs

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In 2018, the average tariff for importing Vegetable saps and extracts nes was 6.46%.  The countries with the highest tariffs for importing Vegetable saps and extracts nes were South Korea (119%), Tunisia (36%), Sudan (35%), Bahamas (31.2%), and Ethiopia (29.7%).

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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.