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Hop cones, fresh or dried, whether or not ground, powdered or in the form of pellets; lupulin

1210 (Harmonized System 1992 for 4-digit)

2023
World Trade $728MRnk 983 / 1217
2023
Top Exporter | Top Importer $252M | $74.2MUnited States | Germany
2023
Product Complexity 0.3Rnk 451 / 1044
2022 - 2023
Export Growth (CAGR) -10.8%Rnk 771 / 1217
2023
Share of World Trade 0.0032%Rnk 983 / 1217

About

Overview This page contains the latest trade data of Hops. In 2023, Hops were the world's 983rd most traded product, with a total trade of $728M. Between 2022 and 2023 the exports of Hops decreased by -10.8%, from $816M to $728M. Trade in Hops represent 0.0032% of total world trade.

Hops are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Hop cones, ground, powdered or pelleted and lupulin and Hop cones, not ground, powdered or pelleted.

Exports In 2023 the top exporters of Hops  were United States ($252M), Germany ($238M), Czechia ($53.5M), New Zealand ($37.5M), and Australia ($30.1M).

Imports In 2023 the top importers of Hops were Germany ($74.2M), United States ($67.6M), Belgium ($60.2M), Canada ($50.3M), and United Kingdom ($49M).

Ranking Hops ranks 451st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hops. 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)United States$252M
Top Destination (2023)Germany$74.2M

In 2023 Hops were the world's 983rd most traded product (out of 1,217).

In 2023, the top exporters of Hops were United States ($252M), Germany ($238M), Czechia ($53.5M), New Zealand ($37.5M), and Australia ($30.1M).

In 2023, the top importers of Hops were Germany ($74.2M), United States ($67.6M), Belgium ($60.2M), Canada ($50.3M), and United Kingdom ($49M).

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Exporters of Hops (2023)
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Importers of Hops (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Slovenia$2.72M
Top Destination Growth (2022 -  2023)Mexico$3.37M

Between 2022 and 2023, the exports of Hops grew the fastest in Slovenia ($2.72M), Poland ($2.72M), Gambia ($943k), Netherlands ($853k), and Belgium ($833k).

Between 2022 and 2023, the fastest growing importers of Hops were Mexico ($3.37M), South Africa ($2.93M), Spain ($1.85M), Hong Kong ($1.78M), and Belgium ($1.19M).

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Exporters of Hops (2022 - 2023)

Importers of Hops (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hops.

In 2023, market concentration measured using Shannon Entropy, was 2.73. This means that most of the exports of Hops are explained by 6 countries.

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Value of Exports in Hops

Net Trade

TOP NET EXPORTER (2023)United States$184M
TOP NET IMPORTER (2023)China$46.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Hops were United States ($184M), Germany ($163M), Czechia ($42.1M), New Zealand ($29.8M), and Slovenia ($16.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Hops were China ($46.3M), Canada ($45.4M), Japan ($40.6M), United Kingdom ($40.1M), and Belgium ($32M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Hops, disaggragated by their HS6 level were Hop cones, ground, powdered or pelleted... ($650M) and Hop cones, not ground, powdered or... ($78.4M)

HS6 Disaggregation for Hops (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Hops by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.81M
TOP IMPORT POTENTIALCzechia+ $830k

Hops’s highest export potential is China. With an export gap of $1.81M.  Hops’s highest import potential is Czechia with an import gap of $830k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Hops 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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