HS Icon Nucleic Acids

2934 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Nucleic Acids. In 2020, Nucleic Acids were the world's 148th most traded product, with a total trade of $24.5B. Between 2019 and 2020 the exports of Nucleic Acids grew by 31.7%, from $18.6B to $24.5B. Trade in Nucleic Acids represent 0.15% of total world trade.

Nucleic Acids are a part of Organic chemicals. They include Heterocyclic compounds, nes, Heterocyclic compounds with an unfused thiazole ring, Heterocyclic compounds containing a benzothiazole rin, and Heterocyclic compounds containing a phenothiazine rin.

Exports In 2020 the top exporters of Nucleic Acids  were Ireland ($7.27B), China ($3.61B), Switzerland ($1.57B), Germany ($1.56B), and Japan ($1.55B).

Imports In 2020 the top importers of Nucleic Acids were United States ($8.76B), Germany ($2.51B), Japan ($1.17B), Italy ($984M), and Switzerland ($908M).

Tariffs In 2018 the average tariff for Nucleic Acids was 4.12%, making it the 983rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nucleic Acids are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Comoros (18.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Nucleic Acids ranks 43rd in the Product Complexity Index (PCI).

Description Nucleic acids are polymers of nucleotides that are the building blocks of DNA and RNA. RNA is a nucleic acid that is made up of ribose, phosphate, and nitrogenous bases. Nucleic acids are used in many biological processes, such as protein synthesis, DNA replication, and mRNA translation. Heterocyclic compounds are organic molecules that have a hetero atom (nitrogen or oxygen) in the ring. These compounds are used in many biological processes, such as DNA replication and protein synthesis.

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The following visualization shows the latest trends on Nucleic Acids. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Ireland, $7.27B

Top Destination (2020): United States, $8.76B

Nucleic Acids are the world's 148th most traded product.

In 2020, the top exporters of Nucleic Acids were Ireland ($7.27B), China ($3.61B), Switzerland ($1.57B), Germany ($1.56B), and Japan ($1.55B).

In 2020, the top importers of Nucleic Acids were United States ($8.76B), Germany ($2.51B), Japan ($1.17B), Italy ($984M), and Switzerland ($908M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Ireland, $2.91B

Top Destination Growth (2019 - 2020): United States, $3.13B

Between 2019 and 2020, the exports of Nucleic Acids grew the fastest in Ireland ($2.91B), Belgium ($434M), United States ($413M), United Kingdom ($330M), and China ($283M).

Between 2019 and 2020, the fastest growing importers of Nucleic Acids were United States ($3.13B), Germany ($869M), Switzerland ($311M), Italy ($303M), and France ($178M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Nucleic Acids.

In 2020,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Nucleic Acids are explained by 12 countries.

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TOP NET EXPORTER (2020): Ireland, $6.59B

TOP NET IMPORTER (2020): United States, $7.29B

This map shows which countries export or import more of Nucleic Acids. Each country is colored based on the difference in exports and imports of Nucleic Acids during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Nucleic Acids were Ireland ($6.59B), China ($3.2B), Belgium ($886M), United Kingdom ($715M), and Switzerland ($664M).

In 2020, the countries that had a largest trade value in imports than in exports of Nucleic Acids were United States ($7.29B), Germany ($954M), Brazil ($628M), Italy ($561M), and Canada ($472M).

Disaggregation

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Value

In 2019, the world most traded Nucleic Acids, disaggragated by their HS6 level were Heterocyclic compounds, nes ($21.3B), Heterocyclic compounds with an unfused thiazole... ($2.28B), Heterocyclic compounds containing a benzothiazole rin ($793M), and Heterocyclic compounds containing a phenothiazine rin ($130M)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Nucleic Acids.
It is possible to select the main countries that export or import Nucleic Acids in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Nucleic Acids was 4.12%. The countries with the highest tariffs for importing Nucleic Acids were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Comoros (18.9%).

Product Complexity

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Diversification Frontier

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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

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