Soapstone2526 (Harmonized System 1992 for 4-digit)
2020 World Trade: $896M, Rnk 913 / 1217
2020 Top Exporter | Top Importer: $146M | $107M, China | Germany
2020 Product Complexity: -0.27, Rnk 634 / 1028
2019 - 2020 Export Growth (CAGR): -15.2%, Rnk 913 / 1217
2018 Mean Tariff: 2.43%, Rnk 1194 / 1259
2020 Share of World Trade: 0.0053%, Rnk 913 / 1217
Overview This page contains the latest trade data of Soapstone. In 2020, Soapstone were the world's 913th most traded product, with a total trade of $896M. Between 2019 and 2020 the exports of Soapstone decreased by -15.2%, from $1.06B to $896M. Trade in Soapstone represent 0.0053% of total world trade.
Soapstone are a part of Salt, sulphur, cement, lime, stone, & plaster. They include Natural steatite, crushed or powdered and Natural steatite, not crushed or powdered.
Exports In 2020 the top exporters of Soapstone were China ($146M), United States ($91.1M), Pakistan ($82.3M), Netherlands ($75.1M), and France ($74M).
Imports In 2020 the top importers of Soapstone were Germany ($107M), United States ($80M), Japan ($65.9M), China ($55.2M), and Netherlands ($51.5M).
Tariffs In 2018 the average tariff for Soapstone was 2.43%, making it the 1194th lowest tariff using the HS4 product classification.
Ranking Soapstone ranks 634th in the Product Complexity Index (PCI).
Description Natural steatite, also known as soapstone, is a metamorphic rock that can be used for a variety of purposes. The most common use of natural steatite is in the production of kitchen countertops, sinks, and other fixtures because it is extremely heat-resistant.
The following visualization shows the latest trends on Soapstone. 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
Soapstone are the world's 913th most traded product.
In 2020, the top exporters of Soapstone were China ($146M), United States ($91.1M), Pakistan ($82.3M), Netherlands ($75.1M), and France ($74M).
In 2020, the top importers of Soapstone were Germany ($107M), United States ($80M), Japan ($65.9M), China ($55.2M), and Netherlands ($51.5M).
Trade by country
Top Origin Growth (2019 - 2020): Slovakia, $5.18M
Top Destination Growth (2019 - 2020): China, $2.66M
Between 2019 and 2020, the exports of Soapstone grew the fastest in Slovakia ($5.18M), Italy ($4.61M), South Korea ($2.47M), Portugal ($1.24M), and Indonesia ($1.23M).
Between 2019 and 2020, the fastest growing importers of Soapstone were China ($2.66M), Austria ($1.11M), Nigeria ($1.1M), Hungary ($729k), and Vietnam ($597k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Soapstone.
In 2020, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Soapstone are explained by 16 countries.
This map shows which countries export or import more of Soapstone. Each country is colored based on the difference in exports and imports of Soapstone during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Soapstone were China ($91.3M), Pakistan ($72M), Finland ($57M), France ($56.3M), and India ($48.6M).
In 2020, the countries that had a largest trade value in imports than in exports of Soapstone were Germany ($98.1M), Japan ($56.2M), Thailand ($34.7M), Mexico ($27.5M), and Indonesia ($24.4M).
In 2020, the world most traded Soapstone, disaggragated by their HS6 level were Natural steatite, crushed or powdered ($794M) and Natural steatite, not crushed or powdered ($101M)
This visualization shows the countries that have an important ratio of their trade related to Soapstone. It is possible to select the main countries that export or import Soapstone 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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb