HS Icon Vitamins, derivatives,in dosage

300450 (Harmonized System 1992 for 6-digit)

World Trade (2019): $4.16B, Rnk 741 / 4648

Top Exporter (2019): $609M, Germany

Top Importer (2019): $327M, China

Product Complexity (2019): -0.074, Rnk 2745 / 4826

Export Growth (CAGR)(2018 - 2019): -5.41%, Rnk 2690 / 4648

Mean Tariff (2018): 4.75%, Rnk 4332 / 6538

Share of World Trade (2019): 0.023%, Rnk 741 / 4648

Overview:  This page contains the latest trade data of Vitamins, derivatives,in dosage. In 2019, Vitamins, derivatives,in dosage were the world's 741st most traded product, with a total trade of $4.16B. Between 2018 and 2019 the exports of Vitamins, derivatives,in dosage decreased by -5.41%, from  $4.4B to $4.16B. Trade in Vitamins, derivatives,in dosage represent 0.023% of total world trade.

Exports: In 2019 the top exporters of Vitamins, derivatives,in dosage  were Germany ($609M), United States ($409M), India ($226M), France ($199M), and Switzerland ($192M).

Imports: In 2019 the top importers of Vitamins, derivatives,in dosage were China ($327M), Russia ($250M), United States ($197M), Germany ($173M), and Netherlands ($150M).

Tariffs: In 2018 the average tariff for Vitamins, derivatives,in dosage was 4.75%, making it the 4332nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Vitamins, derivatives,in dosage are Iran (37.3%), Nepal (15%), Barbados (13.9%), Belize (13.8%), and Jamaica (11.3%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Vitamins, derivatives,in dosage ranks 2745th in the Product Complexity Index (PCI).

Description: Some people take vitamins to improve their immune system. Vitamins can also be used to supplement a diet that does not have enough vitamins to meet the body's needs. There are many different types of vitamins, each with different functions. For example, vitamins A, C, and E are used as antioxidants, and B vitamins are used to convert food into energy.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $609M

Top Destination (2019): China, $327M

Vitamins, derivatives,in dosage are the world's 741st most traded product.

In 2019, the top exporters of Vitamins, derivatives,in dosage were Germany ($609M), United States ($409M), India ($226M), France ($199M), and Switzerland ($192M).

In 2019, the top importers of Vitamins, derivatives,in dosage were China ($327M), Russia ($250M), United States ($197M), Germany ($173M), and Netherlands ($150M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $69.4M

Top Destination Growth (2018 - 2019): Chinese Taipei, $26.4M

Between 2018 and 2019, the exports of Vitamins, derivatives,in dosage grew the fastest in Australia ($69.4M), Turkey ($30M), Bulgaria ($15.2M), Poland ($11.6M), and Italy ($10.2M).

Between 2018 and 2019, the fastest growing importers of Vitamins, derivatives,in dosage were Chinese Taipei ($26.4M), Turkey ($15.6M), Vietnam ($15.5M), China ($14.9M), and Russia ($14.8M).

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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 Vitamins, derivatives,in dosage.

In 2019,  market concentration measured using Shannon Entropy, was 5.05. This means that most of the exports of Vitamins, derivatives,in dosage are explained by 33 countries.

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TOP NET EXPORTER (2019): Germany, $436M

TOP NET IMPORTER (2019): China, $253M

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

In 2019, the countries that had a largest trade value in exports than in imports of Vitamins, derivatives,in dosage were Germany ($436M), India ($219M), United States ($212M), Australia ($104M), and France ($99.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Vitamins, derivatives,in dosage were China ($253M), Russia ($233M), Hong Kong ($88M), Philippines ($75.7M), and Netherlands ($66.8M).

Import Tariffs

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In 2018, the average tariff for importing Vitamins, derivatives,in dosage was 4.75%.  The countries with the highest tariffs for importing Vitamins, derivatives,in dosage were Iran (37.3%), Nepal (15%), Barbados (13.9%), Belize (13.8%), and Jamaica (11.3%).

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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.