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220840 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.01BRnk 1488 / 4648
2022
Top Exporter | Top Importer $226M | $177MItaly | Germany
2022
Product Complexity -1Rnk 3818 / 4653
2021 - 2022
Export Growth (CAGR) 12%Rnk 1409 / 4648
2022
Share of World Trade 0.0085%Rnk 1488 / 4648

About

Overview This page contains the latest trade data of Rum and tafia. In 2022, Rum and tafia were the world's 1488th most traded product, with a total trade of $2.01B. Between 2021 and 2022 the exports of Rum and tafia grew by 12%, from $1.8B to $2.01B. Trade in Rum and tafia represent 0.0085% of total world trade.

Rum and tafia are a part of Hard Liquor.

Exports In 2022 the top exporters of Rum and tafia  were Italy ($226M), United States ($199M), Dominican Republic ($162M), Netherlands ($127M), and France ($124M).

Imports In 2022 the top importers of Rum and tafia were Germany ($177M), United States ($173M), Spain ($164M), United Kingdom ($144M), and Netherlands ($127M).

Ranking Rum and tafia ranks 3818th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Rum and tafia. 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 (2022)Italy$226M
Top Destination (2022)Germany$177M

In 2022 Rum and tafia were the world's 1488th most traded product (out of 4,648).

In 2022, the top exporters of Rum and tafia were Italy ($226M), United States ($199M), Dominican Republic ($162M), Netherlands ($127M), and France ($124M).

In 2022, the top importers of Rum and tafia were Germany ($177M), United States ($173M), Spain ($164M), United Kingdom ($144M), and Netherlands ($127M).

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Exporters of Rum and tafia (2022)
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Importers of Rum and tafia (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Dominican Republic$26.1M
Top Destination Growth (2021 -  2022)Spain$38.3M

Between 2021 and 2022, the exports of Rum and tafia grew the fastest in Dominican Republic ($26.1M), United States ($25.8M), Guatemala ($24.9M), Spain ($18.4M), and Netherlands ($13.3M).

Between 2021 and 2022, the fastest growing importers of Rum and tafia were Spain ($38.3M), United Kingdom ($32.1M), Italy ($23.5M), Netherlands ($21M), and Poland ($19M).

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Exporters of Rum and tafia (2021 - 2022)

Importers of Rum and tafia (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rum and tafia.

In 2022, market concentration measured using Shannon Entropy, was 4.77. This means that most of the exports of Rum and tafia are explained by 27 countries.

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Value of Exports in Rum and tafia

Net Trade

TOP NET EXPORTER (2022)Dominican Republic$139M
TOP NET IMPORTER (2022)Germany$115M

This map shows which countries export or import more of Rum and tafia. Each country is colored based on the difference in exports and imports of Rum and tafia during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Rum and tafia were Dominican Republic ($139M), Venezuela ($103M), Italy ($101M), Cuba ($90.4M), and Guatemala ($87.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Rum and tafia were Germany ($115M), Canada ($95.7M), United Kingdom ($74.1M), Czechia ($47.5M), and Spain ($44.7M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Rum and tafia by percentage of total exports

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 (2022)

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