Nucleic Acids2934 (Harmonized System 1992 for 4-digit)
2020 World Trade: $24.5B, Rnk 148 / 1217
2020 Top Exporter | Top Importer: $7.27B | $8.76B, Ireland | United States
2020 Product Complexity: 1.57, Rnk 43 / 1028
2019 - 2020 Export Growth (CAGR): 31.7%, Rnk 30 / 1217
2018 Mean Tariff: 4.12%, Rnk 983 / 1259
2020 Share of World Trade: 0.15%, Rnk 148 / 1217
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.
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2020, 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)
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.
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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