HS Icon Quartz

2506 (Harmonized System 1992 for 4-digit)

World Trade (2018): $614M, Rnk 996 / 1225

Top Exporter (2018): $88M, China

Top Importer (2018): $71.4M, United States

Product Complexity (2018): -1.16, Rnk 857 / 1018

Export Growth (CAGR)(2017 - 2018): 27.3%, Rnk 200 / 1225

Mean Tariff (2018): 2.79%, Rnk 1160 / 1259

Share of World Trade (2018): 0.0033%, Rnk 996 / 1225

Overview: In 2018, Quartz were the world's 996th most traded product, with a total trade of $614M. Between 2017 and 2018 the exports of Quartz grew by 27.3%, from  $482M to $614M. Trade in Quartz represent 0.0033% of total world trade.

Exports: In 2018 the top exporters of Quartz  were China ($88M), Turkey ($86M), India ($81.9M), United States ($56.3M), and Brazil ($44.3M).

Imports: In 2018 the top importers of Quartz were United States ($71.4M), China ($50.9M), Norway ($39.6M), Italy ($33.7M), and Japan ($31.2M).

Tariffs: In 2018 the average tariff for Quartz was 2.79%, been the 1160 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Quartz are Bahamas (40.2%), Bermuda (25%), Jordan (15.5%), Sri Lanka (14.7%), and North Macedonia (12.8%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Quartz ranks 857th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $88M

Top Destination (2018): United States, $71.4M

Quartz are the world's 996th most traded product.

In 2018, the top exporters of Quartz were China ($88M), Turkey ($86M), India ($81.9M), United States ($56.3M), and Brazil ($44.3M).

In 2018, the top importers of Quartz were United States ($71.4M), China ($50.9M), Norway ($39.6M), Italy ($33.7M), and Japan ($31.2M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Turkey, $44.3M

Top Destination Growth (2017 - 2018): United States, $41M

Between 2017 and 2018, the exports of Quartz grew the fastest in Turkey ($44.3M), United States ($30.1M), India ($20.4M), Norway ($16.9M), and Italy ($14.1M).

Between 2017 and 2018, the fastest growing importers of Quartz were United States ($41M), Israel ($21.9M), Mexico ($17.2M), Australia ($14.3M), and China ($12.1M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Quartz.

In 2018,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Quartz are explained by 18 countries.

TOP NET EXPORTER (2018): Turkey, $83.5M

TOP NET IMPORTER (2018): Malaysia, $27.9M

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

In 2018, the countries that had a largest trade value in exports than imports of Quartz were Turkey ($83.5M), India ($79.9M), Brazil ($42.8M), China ($37.1M), and Egypt ($17.3M).

In 2018, the countries that had a largest trade value in imports than exports of Quartz were Malaysia ($27.9M), Japan ($24.2M), Iceland ($22.6M), Mexico ($20.7M), and United Kingdom ($18M).

Trade Forecasts

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This section shows forecasts for total trade for Quartz. 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 Quartz was 2.79%.  The countries with the highest tariffs for importing Quartz were Bahamas (40.2%), Bermuda (25%), Jordan (15.5%), Sri Lanka (14.7%), and North Macedonia (12.8%).

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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.