HS Icon Raw Zinc

7901 (Harmonized System 1992 for 4-digit)

World Trade (2018): $17.2B, Rnk 216 / 1225

Top Exporter (2018): $1.84B, South Korea

Top Importer (2018): $2.17B, United States

Product Complexity (2018): -0.9, Rnk 794 / 1018

Export Growth (CAGR)(2017 - 2018): 6.79%, Rnk 901 / 1225

Mean Tariff (2018): 2.51%, Rnk 1180 / 1259

Share of World Trade (2018): 0.094%, Rnk 216 / 1225

Overview: In 2018, Raw Zinc were the world's 216th most traded product, with a total trade of $17.2B. Between 2017 and 2018 the exports of Raw Zinc grew by 6.79%, from  $16.1B to $17.2B. Trade in Raw Zinc represent 0.094% of total world trade.

Exports: In 2018 the top exporters of Raw Zinc  were South Korea ($1.84B), Canada ($1.82B), Belgium-Luxembourg ($1.67B), Australia ($1.45B), and Spain ($1.38B).

Imports: In 2018 the top importers of Raw Zinc were United States ($2.17B), China ($1.71B), Germany ($1.39B), Netherlands ($1.02B), and Turkey ($889M).

Tariffs: In 2018 the average tariff for Raw Zinc was 2.51%, been the 1180 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Zinc are Bahamas (40.2%), Bermuda (25%), Panama (15%), Algeria (12.5%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Raw Zinc ranks 794th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $1.84B

Top Destination (2018): United States, $2.17B

Raw Zinc are the world's 216th most traded product.

In 2018, the top exporters of Raw Zinc were South Korea ($1.84B), Canada ($1.82B), Belgium-Luxembourg ($1.67B), Australia ($1.45B), and Spain ($1.38B).

In 2018, the top importers of Raw Zinc were United States ($2.17B), China ($1.71B), Germany ($1.39B), Netherlands ($1.02B), and Turkey ($889M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $497M

Top Destination Growth (2017 - 2018): United States, $335M

Between 2017 and 2018, the exports of Raw Zinc grew the fastest in Canada ($497M), Belgium-Luxembourg ($496M), South Korea ($201M), Burkina Faso ($188M), and Netherlands ($128M).

Between 2017 and 2018, the fastest growing importers of Raw Zinc were United States ($335M), Thailand ($195M), Cote d'Ivoire ($187M), Netherlands ($133M), and United Arab Emirates ($120M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Raw Zinc.

In 2018,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Raw Zinc are explained by 22 countries.

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TOP NET EXPORTER (2018): Canada, $1.78B

TOP NET IMPORTER (2018): United States, $2.01B

This map shows which countries export or import more of Raw Zinc. Each country is colored based on the difference in exports and imports of Raw Zinc during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Raw Zinc were Canada ($1.78B), South Korea ($1.65B), Australia ($1.41B), Spain ($1.31B), and Belgium-Luxembourg ($956M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw Zinc were United States ($2.01B), China ($1.64B), Germany ($1.07B), Turkey ($883M), and Chinese Taipei ($682M).

Trade Forecasts

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This section shows forecasts for total trade for Raw Zinc. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Raw Zinc was 2.51%.  The countries with the highest tariffs for importing Raw Zinc were Bahamas (40.2%), Bermuda (25%), Panama (15%), Algeria (12.5%), and Aruba (12%).

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Product Complexity

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Diversification Frontier

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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.