HS Icon Clays

2508 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.29B, Rnk 699 / 1225

Top Exporter (2018): $415M, United States

Top Importer (2018): $196M, Germany

Product Complexity (2018): -0.81, Rnk 775 / 1018

Export Growth (CAGR)(2017 - 2018): 16%, Rnk 469 / 1225

Mean Tariff (2018): 3.23%, Rnk 1115 / 1259

Share of World Trade (2018): 0.012%, Rnk 699 / 1225

Overview: In 2018, Clays were the world's 699th most traded product, with a total trade of $2.29B. Between 2017 and 2018 the exports of Clays grew by 16%, from  $1.97B to $2.29B. Trade in Clays represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Clays  were United States ($415M), Ukraine ($294M), China ($280M), Germany ($176M), and India ($105M).

Imports: In 2018 the top importers of Clays were Germany ($196M), Italy ($178M), Spain ($148M), Netherlands ($136M), and Poland ($104M).

Tariffs: In 2018 the average tariff for Clays was 3.23%, been the 1115 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Clays are Bahamas (40.2%), Ukraine (16.4%), Iran (13.5%), Georgia (11.4%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Clays ranks 775th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $415M

Top Destination (2018): Germany, $196M

Clays are the world's 699th most traded product.

In 2018, the top exporters of Clays were United States ($415M), Ukraine ($294M), China ($280M), Germany ($176M), and India ($105M).

In 2018, the top importers of Clays were Germany ($196M), Italy ($178M), Spain ($148M), Netherlands ($136M), and Poland ($104M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $63M

Top Destination Growth (2017 - 2018): Spain, $88.4M

Between 2017 and 2018, the exports of Clays grew the fastest in United States ($63M), China ($56.7M), Ukraine ($49.2M), Japan ($22.8M), and Spain ($20.8M).

Between 2017 and 2018, the fastest growing importers of Clays were Spain ($88.4M), Germany ($35.8M), Netherlands ($32.5M), Poland ($31.3M), and Japan ($26.8M).

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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 Clays.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Clays are explained by 20 countries.

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TOP NET EXPORTER (2018): United States, $371M

TOP NET IMPORTER (2018): Italy, $125M

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

In 2018, the countries that had a largest trade value in exports than in imports of Clays were United States ($371M), Ukraine ($286M), China ($202M), India ($44.2M), and South Africa ($43.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Clays were Italy ($125M), Poland ($86M), Russia ($63M), Canada ($57.8M), and Indonesia ($51.6M).

Trade Forecasts

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This section shows forecasts for total trade for Clays. 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 Clays was 3.23%.  The countries with the highest tariffs for importing Clays were Bahamas (40.2%), Ukraine (16.4%), Iran (13.5%), Georgia (11.4%), and Cameroon (9.81%).

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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.