Inorganic Salts2825 (Harmonized System 1992 for 4-digit)
2020 World Trade: $4.1B, Rnk 537 / 1217
2020 Top Exporter | Top Importer: $1.2B | $642M, China | South Korea
2020 Product Complexity: -0.39, Rnk 664 / 1028
2019 - 2020 Export Growth (CAGR): -22.6%, Rnk 1068 / 1217
2018 Mean Tariff: 3.65%, Rnk 1075 / 1259
2020 Share of World Trade: 0.024%, Rnk 537 / 1217
Overview This page contains the latest trade data of Inorganic Salts. In 2020, Inorganic Salts were the world's 537th most traded product, with a total trade of $4.1B. Between 2019 and 2020 the exports of Inorganic Salts decreased by -22.6%, from $5.29B to $4.1B. Trade in Inorganic Salts represent 0.024% of total world trade.
Inorganic Salts are a part of Inorganic chemicals. They include Metal bases, oxides, hydroxides, peroxides, nes, Antimony oxides, Molybdenum oxides and hydroxides, Vanadium oxides and hydroxides, Germanium oxides and zirconium dioxide, Copper oxides and hydroxides, Lithium oxide and hydroxide, Hydrazine and hydroxylamine, inorganic salts, and Nickel oxides and hydroxides.
Exports In 2020 the top exporters of Inorganic Salts were China ($1.2B), United States ($460M), Chile ($242M), Netherlands ($202M), and Germany ($201M).
Imports In 2020 the top importers of Inorganic Salts were South Korea ($642M), Japan ($598M), United States ($371M), China ($305M), and Netherlands ($226M).
Tariffs In 2018 the average tariff for Inorganic Salts was 3.65%, making it the 1075th lowest tariff using the HS4 product classification.
Ranking Inorganic Salts ranks 664th in the Product Complexity Index (PCI).
Description Hydrazine and hydroxylamine are used as rocket fuel. Inorganic bases are used in the production of glass, as a corrosion inhibitor, and in the production of ammonia. Metal oxides are used in the production of iron and steel, in the production of silicon, and in the production of cement. Hydroxides are used in the production of soaps and detergents, and in the production of aluminum. Peroxides are used in the production of plastics.
The following visualization shows the latest trends on Inorganic Salts. 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
Top Origin (2020): China, $1.2B
Top Destination (2020): South Korea, $642M
Inorganic Salts are the world's 537th most traded product.
In 2020, the top exporters of Inorganic Salts were China ($1.2B), United States ($460M), Chile ($242M), Netherlands ($202M), and Germany ($201M).
In 2020, the top importers of Inorganic Salts were South Korea ($642M), Japan ($598M), United States ($371M), China ($305M), and Netherlands ($226M).
Trade by country
Top Origin Growth (2019 - 2020): Hong Kong, $27.8M
Top Destination Growth (2019 - 2020): China, $72.9M
Between 2019 and 2020, the exports of Inorganic Salts grew the fastest in Hong Kong ($27.8M), Estonia ($7.4M), Finland ($5.75M), Malaysia ($5.35M), and Burma ($4.99M).
Between 2019 and 2020, the fastest growing importers of Inorganic Salts were China ($72.9M), Finland ($5.46M), Hong Kong ($5.41M), Chile ($4.34M), and Philippines ($3.84M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Inorganic Salts.
In 2020, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Inorganic Salts are explained by 16 countries.
TOP NET EXPORTER (2020): China, $897M
TOP NET IMPORTER (2020): South Korea, $559M
This map shows which countries export or import more of Inorganic Salts. Each country is colored based on the difference in exports and imports of Inorganic Salts during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Inorganic Salts were China ($897M), Chile ($228M), Brazil ($132M), South Africa ($103M), and Russia ($94.3M).
In 2020, the countries that had a largest trade value in imports than in exports of Inorganic Salts were South Korea ($559M), Japan ($402M), India ($140M), Czechia ($104M), and Austria ($91M).
In 2020, the world most traded Inorganic Salts, disaggragated by their HS6 level were Lithium oxide and hydroxide ($871M), Metal bases, oxides, hydroxides, peroxides, nes ($781M), Molybdenum oxides and hydroxides ($443M), Vanadium oxides and hydroxides ($424M), and Copper oxides and hydroxides ($422M)
This visualization shows the countries that have an important ratio of their trade related to Inorganic Salts. It is possible to select the main countries that export or import Inorganic Salts 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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