Mineral substances, nes253090 (Harmonized System 1992 for 6-digit)
2020 World Trade: $1.71B, Rnk 1392 / 4613
2020 Top Exporter | Top Importer: $640M | $736M, Australia | China
2020 Product Complexity: -1.47, Rnk 4381 / 4783
2019 - 2020 Export Growth (CAGR): -20.8%, Rnk 3697 / 4613
2018 Mean Tariff: 3%, Rnk 5820 / 6538
2020 Share of World Trade: 0.01%, Rnk 1392 / 4613
Overview This page contains the latest trade data of Mineral substances, nes. In 2020, Mineral substances, nes were the world's 1392nd most traded product, with a total trade of $1.71B. Between 2019 and 2020 the exports of Mineral substances, nes decreased by -20.8%, from $2.16B to $1.71B. Trade in Mineral substances, nes represent 0.01% of total world trade.
Mineral substances, nes are a part of Other Mineral.
Exports In 2020 the top exporters of Mineral substances, nes were Australia ($640M), China ($124M), Germany ($90.9M), Spain ($86.2M), and United States ($77.2M).
Imports In 2020 the top importers of Mineral substances, nes were China ($736M), United States ($73.6M), Japan ($68.1M), Germany ($62M), and Netherlands ($52.8M).
Tariffs In 2018 the average tariff for Mineral substances, nes was 3%, making it the 5820th lowest tariff using the HS6 product classification.
Ranking Mineral substances, nes ranks 4381st in the Product Complexity Index (PCI).
Description Mineral substances not elsewhere specified or included within Chapter 25 of the HS classification. This could include vermiculite, perlite and chlorites, unexpanded; earth colours, whether or not calcined or mixed together; natural micaceous iron oxides; meerschaum (whether or not in polished pieces); amber; agglomerated meerschaum and agglomerated amber, in plates, rods, sticks or similar forms, not worked after moulding; jet; strontianite (whether or not calcined), other than strontium oxide; broken pieces of pottery, brick or concrete.
The following visualization shows the latest trends on Mineral substances, nes. 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
Mineral substances, nes are the world's 1392nd most traded product.
In 2020, the top exporters of Mineral substances, nes were Australia ($640M), China ($124M), Germany ($90.9M), Spain ($86.2M), and United States ($77.2M).
In 2020, the top importers of Mineral substances, nes were China ($736M), United States ($73.6M), Japan ($68.1M), Germany ($62M), and Netherlands ($52.8M).
Trade by country
Between 2019 and 2020, the exports of Mineral substances, nes grew the fastest in Burma ($11.7M), Thailand ($11.4M), Vietnam ($9.48M), Japan ($6.51M), and Belgium ($5.26M).
Between 2019 and 2020, the fastest growing importers of Mineral substances, nes were Turkey ($6.95M), Spain ($3.34M), Vietnam ($3.23M), Hong Kong ($2.78M), and Switzerland ($2.69M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Mineral substances, nes.
In 2020, market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Mineral substances, nes are explained by 16 countries.
This map shows which countries export or import more of Mineral substances, nes. Each country is colored based on the difference in exports and imports of Mineral substances, nes during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Mineral substances, nes were Australia ($636M), Spain ($58.3M), Russia ($39.1M), Vietnam ($34.3M), and Germany ($28.9M).
In 2020, the countries that had a largest trade value in imports than in exports of Mineral substances, nes were China ($613M), Japan ($41.5M), South Korea ($37.9M), France ($30.1M), and Turkey ($26.9M).
This visualization shows the countries that have an important ratio of their trade related to Mineral substances, nes. It is possible to select the main countries that export or import Mineral substances, nes 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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