HS Icon Water Soluble Proteins

3502 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Water Soluble Proteins. In 2019, Water Soluble Proteins were the world's 785th most traded product, with a total trade of $1.65B. Between 2018 and 2019 the exports of Water Soluble Proteins grew by 9.43%, from $1.51B to $1.65B. Trade in Water Soluble Proteins represent 0.0091% of total world trade.

Exports: In 2019 the top exporters of Water Soluble Proteins  were United States ($398M), Netherlands ($238M), Germany ($232M), New Zealand ($163M), and France ($76.8M).

Imports: In 2019 the top importers of Water Soluble Proteins were China ($229M), Japan ($179M), United Kingdom ($121M), Germany ($113M), and United States ($109M).

Tariffs: In 2018 the average tariff for Water Soluble Proteins was 10.1%, making it the 418th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Water Soluble Proteins are Romania (69.5%), Bahamas (40.2%), Cambodia (35%), Bermuda (25%), and Zambia (22.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Water Soluble Proteins ranks 492nd in the Product Complexity Index (PCI).

Description: Albumins are used in the food industry as a substitute for eggs, egg whites, and dairy products. Albumins are also used in the medical field to help with burns, wounds, and for immune system support.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $398M

Top Destination (2019): China, $229M

Water Soluble Proteins are the world's 785th most traded product.

In 2019, the top exporters of Water Soluble Proteins were United States ($398M), Netherlands ($238M), Germany ($232M), New Zealand ($163M), and France ($76.8M).

In 2019, the top importers of Water Soluble Proteins were China ($229M), Japan ($179M), United Kingdom ($121M), Germany ($113M), and United States ($109M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $54.3M

Top Destination Growth (2018 - 2019): China, $58.2M

Between 2018 and 2019, the exports of Water Soluble Proteins grew the fastest in United States ($54.3M), Australia ($27.8M), New Zealand ($18.7M), Norway ($14.3M), and Netherlands ($14.3M).

Between 2018 and 2019, the fastest growing importers of Water Soluble Proteins were China ($58.2M), United States ($26.2M), Canada ($15.6M), India ($14.8M), and Germany ($11.9M).

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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 Water Soluble Proteins.

In 2019,  market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Water Soluble Proteins are explained by 12 countries.

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TOP NET EXPORTER (2019): United States, $289M

TOP NET IMPORTER (2019): China, $225M

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

In 2019, the countries that had a largest trade value in exports than in imports of Water Soluble Proteins were United States ($289M), Netherlands ($150M), New Zealand ($137M), Germany ($119M), and Australia ($55M).

In 2019, the countries that had a largest trade value in imports than in exports of Water Soluble Proteins were China ($225M), Japan ($176M), Canada ($82.5M), United Kingdom ($50.5M), and India ($47.2M).

Disaggregation

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Value

In 2019, the world most traded Water Soluble Proteins, disaggragated by their HS6 level were Albumins nes, albuminates & other albumin... ($1.38B) and Egg albumin ($268M)

Import Tariffs

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In 2018, the average tariff for importing Water Soluble Proteins was 10.1%. The countries with the highest tariffs for importing Water Soluble Proteins were Romania (69.5%), Bahamas (40.2%), Cambodia (35%), Bermuda (25%), and Zambia (22.7%).

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 Water Soluble Proteins to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.