HS Icon Vegetable wastes and residues nes for animal feed

230890 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.12B, Rnk 1899 / 4726

Top Exporter (2018): $285M, Argentina

Top Importer (2018): $129M, United Kingdom

Export Growth (CAGR)(2017 - 2018): 19.1%, Rnk 1451 / 4726

Mean Tariff (2018): 64.3%, Rnk 9 / 6538

Share of World Trade (2018): 0.0061%, Rnk 1899 / 4726

Overview:  This page contains the latest trade data of Vegetable wastes and residues nes for animal feed. In 2018, Vegetable wastes and residues nes for animal feed were the world's 1899th most traded product, with a total trade of $1.12B. Between 2017 and 2018 the exports of Vegetable wastes and residues nes for animal feed grew by 19.1%, from  $941M to $1.12B. Trade in Vegetable wastes and residues nes for animal feed represent 0.0061% of total world trade.

Exports: In 2018 the top exporters of Vegetable wastes and residues nes for animal feed  were Argentina ($285M), India ($98.8M), United States ($95.9M), Brazil ($91.6M), and China ($86.7M).

Imports: In 2018 the top importers of Vegetable wastes and residues nes for animal feed were United Kingdom ($129M), Ireland ($108M), Netherlands ($93.7M), Germany ($82.3M), and United States ($82.1M).

Tariffs: In 2018 the average tariff for Vegetable wastes and residues nes for animal feed was 64.3%, been the 9 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Vegetable wastes and residues nes for animal feed are Austria (443%), Latvia (15%), Estonia (10%), Finland (3.2%), and Sweden (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Argentina, $285M

Top Destination (2018): United Kingdom, $129M

Vegetable wastes and residues nes for animal feed are the world's 1899th most traded product.

In 2018, the top exporters of Vegetable wastes and residues nes for animal feed were Argentina ($285M), India ($98.8M), United States ($95.9M), Brazil ($91.6M), and China ($86.7M).

In 2018, the top importers of Vegetable wastes and residues nes for animal feed were United Kingdom ($129M), Ireland ($108M), Netherlands ($93.7M), Germany ($82.3M), and United States ($82.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Argentina, $41.4M

Top Destination Growth (2017 - 2018): Ireland, $45.7M

Between 2017 and 2018, the exports of Vegetable wastes and residues nes for animal feed grew the fastest in Argentina ($41.4M), China ($37.6M), Netherlands ($21.4M), United States ($20.2M), and Denmark ($14.4M).

Between 2017 and 2018, the fastest growing importers of Vegetable wastes and residues nes for animal feed were Ireland ($45.7M), United States ($33.2M), Japan ($31.9M), Spain ($28.8M), and United Kingdom ($25.1M).

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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 wastes and residues nes for animal feed.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Vegetable wastes and residues nes for animal feed are explained by 19 countries.

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TOP NET EXPORTER (2018): Argentina, $285M

TOP NET IMPORTER (2018): United Kingdom, $114M

This map shows which countries export or import more of Vegetable wastes and residues nes for animal feed. Each country is colored based on the difference in exports and imports of Vegetable wastes and residues nes for animal feed during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Vegetable wastes and residues nes for animal feed were Argentina ($285M), India ($97.8M), Brazil ($87.5M), China ($37.2M), and Vietnam ($29.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Vegetable wastes and residues nes for animal feed were United Kingdom ($114M), Ireland ($100M), Japan ($76.7M), Germany ($63.8M), and Norway ($61.3M).

Trade Forecasts

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This section shows forecasts for total trade for Vegetable wastes and residues nes for animal feed. 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 wastes and residues nes for animal feed was 64.3%.  The countries with the highest tariffs for importing Vegetable wastes and residues nes for animal feed were Austria (443%), Latvia (15%), Estonia (10%), Finland (3.2%), and Sweden (0%).

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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.