Suriname actively participates in the global trade of tapioca starch, both as an exporter and importer of this versatile product.
Export Market Overview
In 2021, Suriname exported $4.93k worth of tapioca starch, securing its position as the 77th largest exporter worldwide. However, within Suriname itself, tapioca starch ranked as the 756th most exported product.
Suriname’s primary destinations for tapioca starch exports are France, accounting for $2.57k worth of exports, followed closely by the Netherlands with $2.37k. These countries represent Suriname’s main customer base for tapioca starch, indicating its market reach in Europe.
Between 2020 and 2021, Suriname witnessed notable growth in tapioca starch exports to France, experiencing an increase of $2.57k. The Netherlands also demonstrated growth during this period, with an increase of $1.72k. These figures highlight the expanding demand and market potential for Surinamese tapioca starch in these European destinations.
Import Market Overview
In 2021, Suriname imported $52.6k worth of tapioca starch, positioning itself as the 96th largest importer of this product globally. Within Suriname, tapioca starch ranked as the 1639th most imported item.
Suriname primarily sources tapioca starch from Thailand, accounting for $33.5k worth of imports. Brazil follows with $18.2k, and Hong Kong with $890. These countries serve as Suriname’s main suppliers to meet domestic tapioca starch demands.
Between 2020 and 2021, Suriname witnessed significant growth in tapioca starch imports from Thailand, experiencing an increase of $10k during this period. Hong Kong also demonstrated growth, with an increase of $890. These figures signify Suriname’s increasing reliance on imports from these countries to fulfill its tapioca starch requirements.
Tariffs on Tapioca Starch
In 2019, Suriname imposed an average tariff of 4.73% on tapioca starch imports. Among the countries with the highest import tariffs for this product were Angola, Burundi, Benin, Burkina Faso, and Botswana, each applying a 5% Most Favoured Nation duty rate treatment. These tariffs influence the trade dynamics and impact the cost of imported tapioca starch in Suriname.
Data from BACI