HS Icon Salt (sodium chloride) including solution, salt water

250100 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.27B, Rnk 927 / 4726

Top Exporter (2018): $350M, Netherlands

Top Importer (2018): $570M, United States

Product Complexity (2018): -1.25, Rnk 4254 / 4873

Export Growth (CAGR)(2017 - 2018): 36.5%, Rnk 577 / 4726

Mean Tariff (2018): 5.09%, Rnk 4074 / 6538

Share of World Trade (2018): 0.018%, Rnk 927 / 4726

Overview: In 2018, Salt (sodium chloride) including solution, salt water were the world's 927th most traded product, with a total trade of $3.27B. Between 2017 and 2018 the exports of Salt (sodium chloride) including solution, salt water grew by 36.5%, from  $2.39B to $3.27B. Trade in Salt (sodium chloride) including solution, salt water represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Salt (sodium chloride) including solution, salt water  were Netherlands ($350M), Germany ($255M), India ($254M), Chile ($200M), and United States ($189M).

Imports: In 2018 the top importers of Salt (sodium chloride) including solution, salt water were United States ($570M), Germany ($206M), China ($188M), Japan ($162M), and Belgium-Luxembourg ($157M).

Tariffs: In 2018 the average tariff for Salt (sodium chloride) including solution, salt water was 5.09%, been the 4074 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Salt (sodium chloride) including solution, salt water are Vietnam (50.6%), Turkmenistan (40%), Angola (40%), Afghanistan (40%), and Panama (34.5%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Salt (sodium chloride) including solution, salt water ranks 4254th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Netherlands, $350M

Top Destination (2018): United States, $570M

Salt (sodium chloride) including solution, salt water are the world's 927th most traded product.

In 2018, the top exporters of Salt (sodium chloride) including solution, salt water were Netherlands ($350M), Germany ($255M), India ($254M), Chile ($200M), and United States ($189M).

In 2018, the top importers of Salt (sodium chloride) including solution, salt water were United States ($570M), Germany ($206M), China ($188M), Japan ($162M), and Belgium-Luxembourg ($157M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Chile, $169M

Top Destination Growth (2017 - 2018): United States, $570M

Between 2017 and 2018, the exports of Salt (sodium chloride) including solution, salt water grew the fastest in Chile ($169M), Canada ($164M), United States ($99.4M), Egypt ($97.6M), and Netherlands ($65.9M).

Between 2017 and 2018, the fastest growing importers of Salt (sodium chloride) including solution, salt water were United States ($570M), Canada ($147M), Chinese Taipei ($34.8M), Belgium-Luxembourg ($33.7M), and Germany ($32.8M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Salt (sodium chloride) including solution, salt water.

In 2018,  market concentration measured using Shannon Entropy, was 5. This means that most of the exports of Salt (sodium chloride) including solution, salt water are explained by 32 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Netherlands, $298M

TOP NET IMPORTER (2018): United States, $380M

This map shows which countries export or import more of Salt (sodium chloride) including solution, salt water. Each country is colored based on the difference in exports and imports of Salt (sodium chloride) including solution, salt water during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Salt (sodium chloride) including solution, salt water were Netherlands ($298M), India ($245M), Chile ($198M), Mexico ($141M), and Spain ($98.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Salt (sodium chloride) including solution, salt water were United States ($380M), Japan ($158M), South Korea ($94.7M), Russia ($84.1M), and Belgium-Luxembourg ($74M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Salt (sodium chloride) including solution, salt water. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Salt (sodium chloride) including solution, salt water was 5.09%.  The countries with the highest tariffs for importing Salt (sodium chloride) including solution, salt water were Vietnam (50.6%), Turkmenistan (40%), Angola (40%), Afghanistan (40%), and Panama (34.5%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.