HS Icon Inorganic Compounds

2851 (Harmonized System 1992 for 4-digit)

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).

View
Flow
Y-AXIS SCALE

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.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): Japan, $583M

Top Destination (2020): Poland, $817M

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).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2019 -  2020): Japan, $468M

Top Destination Growth (2019 - 2020): Poland, $695M

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).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

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.

Explore Visualizations

TOP NET EXPORTER (2020): Japan, $416M

TOP NET IMPORTER (2020): Poland, $816M

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).

Disaggregation

#permalink to section
Value

In 2020, the world most traded Inorganic Compounds, disaggragated by their HS6 level were Inorganic compounds,liquid/compressed air,amalgams ne ($1.59B)

Country Comparison

#permalink to section
Flow
Measure
Ranking

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.

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.

Country by Relatedness

#permalink to section

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