Nitrile Compounds2926 (Harmonized System 1992 for 4-digit)
2020 World Trade: $5.15B, Rnk 464 / 1217
2020 Top Exporter | Top Importer: $1.15B | $592M, China | China
2020 Product Complexity: 0.98, Rnk 184 / 1028
2019 - 2020 Export Growth (CAGR): -13.3%, Rnk 846 / 1217
2018 Mean Tariff: 3.81%, Rnk 1055 / 1259
2020 Share of World Trade: 0.031%, Rnk 464 / 1217
Overview This page contains the latest trade data of Nitrile Compounds. In 2020, Nitrile Compounds were the world's 464th most traded product, with a total trade of $5.15B. Between 2019 and 2020 the exports of Nitrile Compounds decreased by -13.3%, from $5.94B to $5.15B. Trade in Nitrile Compounds represent 0.031% of total world trade.
Nitrile Compounds are a part of Organic chemicals. They include Acrylonitrile, Nitrile-function compounds, nes, and 1-cyanoguanidine (dicyandiamide).
Exports In 2020 the top exporters of Nitrile Compounds were China ($1.15B), United States ($1.07B), Germany ($468M), Netherlands ($399M), and South Korea ($275M).
Imports In 2020 the top importers of Nitrile Compounds were China ($592M), South Korea ($564M), India ($516M), United States ($319M), and Turkey ($299M).
Tariffs In 2018 the average tariff for Nitrile Compounds was 3.81%, making it the 1055th lowest tariff using the HS4 product classification.
Ranking Nitrile Compounds ranks 184th in the Product Complexity Index (PCI).
Description Nitrile-function compounds are used in many ways. They are often used as plasticizers, or substances that make plastics more flexible. They are also used as lubricants, or substances that reduce friction. Nitrile-function compounds are also used in the production of tires and synthetic rubber.
The following visualization shows the latest trends on Nitrile 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
Nitrile Compounds are the world's 464th most traded product.
In 2020, the top exporters of Nitrile Compounds were China ($1.15B), United States ($1.07B), Germany ($468M), Netherlands ($399M), and South Korea ($275M).
In 2020, the top importers of Nitrile Compounds were China ($592M), South Korea ($564M), India ($516M), United States ($319M), and Turkey ($299M).
Trade by country
Between 2019 and 2020, the exports of Nitrile Compounds grew the fastest in Belgium ($126M), India ($34.4M), Japan ($22.2M), Canada ($4.21M), and Ireland ($3.61M).
Between 2019 and 2020, the fastest growing importers of Nitrile Compounds were Italy ($114M), Brazil ($26.3M), Netherlands ($18.7M), United States ($10.6M), and Singapore ($8.23M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Nitrile Compounds.
In 2020, market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Nitrile Compounds are explained by 12 countries.
TOP NET EXPORTER (2020): United States, $756M
TOP NET IMPORTER (2020): India, $320M
This map shows which countries export or import more of Nitrile Compounds. Each country is colored based on the difference in exports and imports of Nitrile Compounds during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Nitrile Compounds were United States ($756M), China ($561M), Germany ($261M), Chinese Taipei ($139M), and Russia ($137M).
In 2020, the countries that had a largest trade value in imports than in exports of Nitrile Compounds were India ($320M), Turkey ($296M), South Korea ($289M), Italy ($239M), and Brazil ($225M).
In 2020, the world most traded Nitrile Compounds, disaggragated by their HS6 level were Nitrile-function compounds, nes ($2.95B), Acrylonitrile ($2.03B), and 1-cyanoguanidine (dicyandiamide) ($170M)
This visualization shows the countries that have an important ratio of their trade related to Nitrile Compounds. It is possible to select the main countries that export or import Nitrile 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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