HS Icon Vegetable Saps

1302 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Vegetable Saps. In 2019, Vegetable Saps were the world's 405th most traded product, with a total trade of $7.16B. Between 2018 and 2019 the exports of Vegetable Saps decreased by -1.59%, from $7.27B to $7.16B. Trade in Vegetable Saps represent 0.04% of total world trade.

Exports: In 2019 the top exporters of Vegetable Saps  were China ($1.42B), India ($914M), Germany ($730M), United States ($614M), and Spain ($510M).

Imports: In 2019 the top importers of Vegetable Saps were United States ($1.34B), Germany ($519M), China ($433M), Japan ($423M), and France ($278M).

Tariffs: In 2018 the average tariff for Vegetable Saps was 7.31%, making it the 597th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vegetable Saps are South Korea (80.2%), Tunisia (36%), Iran (31.4%), Bahamas (31.2%), and Poland (30.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Vegetable Saps ranks 760th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.42B

Top Destination (2019): United States, $1.34B

Vegetable Saps are the world's 405th most traded product.

In 2019, the top exporters of Vegetable Saps were China ($1.42B), India ($914M), Germany ($730M), United States ($614M), and Spain ($510M).

In 2019, the top importers of Vegetable Saps were United States ($1.34B), Germany ($519M), China ($433M), Japan ($423M), and France ($278M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Spain, $57.4M

Top Destination Growth (2018 - 2019): China, $59.9M

Between 2018 and 2019, the exports of Vegetable Saps grew the fastest in Spain ($57.4M), China ($38.5M), Philippines ($31M), Indonesia ($27.2M), and Vietnam ($23.7M).

Between 2018 and 2019, the fastest growing importers of Vegetable Saps were China ($59.9M), South Korea ($34.7M), Malaysia ($21M), United Kingdom ($15.3M), and Mexico ($14.7M).

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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.

In 2019,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Vegetable Saps are explained by 20 countries.

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TOP NET EXPORTER (2019): China, $983M

TOP NET IMPORTER (2019): United States, $722M

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

In 2019, the countries that had a largest trade value in exports than in imports of Vegetable Saps were China ($983M), India ($821M), Spain ($306M), Germany ($211M), and Philippines ($163M).

In 2019, the countries that had a largest trade value in imports than in exports of Vegetable Saps were United States ($722M), Japan ($384M), Russia ($224M), South Korea ($155M), and United Kingdom ($104M).

Disaggregation

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Value

In 2019, the world most traded Vegetable Saps, disaggragated by their HS6 level were Vegetable saps and extracts nes ($3.01B), Mucilages and thickeners nes ($1.35B), Mucilages & thickeners, from locust bean,... ($1.08B), Pectic substances, pectinates, pectates ($817M), and Hop extract ($416M)

Import Tariffs

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In 2018, the average tariff for importing Vegetable Saps was 7.31%. The countries with the highest tariffs for importing Vegetable Saps were South Korea (80.2%), Tunisia (36%), Iran (31.4%), Bahamas (31.2%), and Poland (30.9%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Vegetable Saps to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.