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Pricing

Bread, pastry, cakes, biscuits, other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice paper and similar products

1905 (Harmonized System 1992 for 4-digit)

2023
World Trade $55.5BRnk 78 / 1217
2023
Top Exporter | Top Importer $5.89B | $10.5BGermany | United States
2023
Product Complexity -0.18Rnk 633 / 1044
2022 - 2023
Export Growth (CAGR) 12.6%Rnk 119 / 1217
2023
Share of World Trade 0.25%Rnk 78 / 1217

About

Overview This page contains the latest trade data of Baked Goods. In 2023, Baked Goods were the world's 78th most traded product, with a total trade of $55.5B. Between 2022 and 2023 the exports of Baked Goods grew by 12.6%, from $49.3B to $55.5B. Trade in Baked Goods represent 0.25% of total world trade.

Baked Goods are a part of Preparations of cereals, flour, starch or milk. They include Communion Wafers, Rice Paper & Bakery Wares (n.e.s.), Sweet biscuits, waffles and wafers, Rusks, toasted bread and similar toasted products, Crispbread, and Gingerbread and the like.

Exports In 2023 the top exporters of Baked Goods  were Germany ($5.89B), Canada ($5.28B), Italy ($4.02B), Poland ($3.38B), and France ($3.37B).

Imports In 2023 the top importers of Baked Goods were United States ($10.5B), United Kingdom ($4.24B), Germany ($3.87B), France ($3.16B), and Canada ($2.16B).

Ranking Baked Goods ranks 633rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Baked Goods. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$5.89B
Top Destination (2023)United States$10.5B

In 2023 Baked Goods were the world's 78th most traded product (out of 1,217).

In 2023, the top exporters of Baked Goods were Germany ($5.89B), Canada ($5.28B), Italy ($4.02B), Poland ($3.38B), and France ($3.37B).

In 2023, the top importers of Baked Goods were United States ($10.5B), United Kingdom ($4.24B), Germany ($3.87B), France ($3.16B), and Canada ($2.16B).

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Exporters of Baked Goods (2023)
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Importers of Baked Goods (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$867M
Top Destination Growth (2022 -  2023)United States$813M

Between 2022 and 2023, the exports of Baked Goods grew the fastest in Germany ($867M), Poland ($628M), Belgium ($593M), Canada ($560M), and Italy ($550M).

Between 2022 and 2023, the fastest growing importers of Baked Goods were United States ($813M), Germany ($732M), United Kingdom ($711M), France ($466M), and Netherlands ($350M).

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Exporters of Baked Goods (2022 - 2023)

Importers of Baked Goods (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Baked Goods.

In 2023, market concentration measured using Shannon Entropy, was 5.05. This means that most of the exports of Baked Goods are explained by 33 countries.

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Value of Exports in Baked Goods

Net Trade

TOP NET EXPORTER (2023)Canada$3.12B
TOP NET IMPORTER (2023)United States$7.84B

This map shows which countries export or import more of Baked Goods. Each country is colored based on the difference in exports and imports of Baked Goods during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Baked Goods were Canada ($3.12B), Italy ($2.66B), Poland ($2.47B), Mexico ($2.18B), and Germany ($2.01B).

In 2023, the countries that had a largest trade value in imports than in exports of Baked Goods were United States ($7.84B), United Kingdom ($2.85B), Australia ($770M), Iraq ($590M), and Switzerland ($547M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Baked Goods, disaggragated by their HS6 level were Communion Wafers, Rice Paper & Bakery... ($35.1B), Sweet biscuits, waffles and wafers ($18.1B), Rusks, toasted bread and similar toasted... ($1.25B), Crispbread ($553M), and Gingerbread and the like ($445M)

HS6 Disaggregation for Baked Goods (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Baked Goods.
It is possible to select the main countries that export or import Baked Goods in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Baked Goods by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $38.7M
TOP IMPORT POTENTIALMexico+ $30.9M

Baked Goods’s highest export potential is United Kingdom. With an export gap of $38.7M.  Baked Goods’s highest import potential is Mexico with an import gap of $30.9M.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Baked Goods.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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