Inorganic Compounds2851 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.59B, Rnk 766 / 1217
2020 Top Exporter | Top Importer: $583M | $817M, Japan | Poland
2020 Product Complexity: 1.88, Rnk 12 / 1028
2019 - 2020 Export Growth (CAGR): 38.8%, Rnk 24 / 1217
2018 Mean Tariff: 5.93%, Rnk 719 / 1259
2020 Share of World Trade: 0.0095%, Rnk 766 / 1217
Overview This page contains the latest trade data of Inorganic Compounds. In 2020, Inorganic Compounds were the world's 766th most traded product, with a total trade of $1.59B. Between 2019 and 2020 the exports of Inorganic Compounds grew by 38.8%, from $1.15B to $1.59B. Trade in Inorganic Compounds represent 0.0095% of total world trade.
Inorganic Compounds are a part of Inorganic chemicals. They include Inorganic compounds,liquid/compressed air,amalgams ne.
Exports In 2020 the top exporters of Inorganic Compounds were Japan ($583M), South Korea ($432M), China ($165M), United States ($106M), and Germany ($70.2M).
Imports In 2020 the top importers of Inorganic Compounds were Poland ($817M), Japan ($168M), South Korea ($94.8M), United States ($78.2M), and China ($74.6M).
Tariffs In 2018 the average tariff for Inorganic Compounds was 5.93%, making it the 719th lowest tariff using the HS4 product classification.
Ranking Inorganic Compounds ranks 12th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Inorganic Compounds. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Inorganic Compounds are the world's 766th most traded product.
In 2020, the top exporters of Inorganic Compounds were Japan ($583M), South Korea ($432M), China ($165M), United States ($106M), and Germany ($70.2M).
In 2020, the top importers of Inorganic Compounds were Poland ($817M), Japan ($168M), South Korea ($94.8M), United States ($78.2M), and China ($74.6M).
Trade by country
Between 2019 and 2020, the exports of Inorganic Compounds grew the fastest in Japan ($468M), South Korea ($125M), Malaysia ($15.1M), United Kingdom ($8.86M), and Germany ($7.37M).
Between 2019 and 2020, the fastest growing importers of Inorganic Compounds were Poland ($695M), Hungary ($7.46M), Netherlands ($4.45M), Chinese Taipei ($4.36M), and Slovenia ($4.33M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Inorganic Compounds.
In 2020, market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Inorganic Compounds are explained by 7 countries.
This map shows which countries export or import more of Inorganic Compounds. Each country is colored based on the difference in exports and imports of Inorganic Compounds during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Inorganic Compounds were Japan ($416M), South Korea ($338M), China ($90M), Canada ($37M), and Germany ($34.7M).
In 2020, the countries that had a largest trade value in imports than in exports of Inorganic Compounds were Poland ($816M), Chinese Taipei ($55.7M), Philippines ($18.1M), Hungary ($15.8M), and Italy ($12.4M).
In 2020, the world most traded Inorganic Compounds, disaggragated by their HS6 level were Inorganic compounds,liquid/compressed air,amalgams ne ($1.59B)
This visualization shows the countries that have an important ratio of their trade related to Inorganic Compounds. It is possible to select the main countries that export or import Inorganic Compounds in the world, or by continent, as well as select the measure of interest.
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.
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