HS Icon Dolomite

2518 (Harmonized System 1992 for 4-digit)

World Trade (2018): $564M, Rnk 1016 / 1225

Top Exporter (2018): $120M, Belgium-Luxembourg

Top Importer (2018): $98.3M, India

Product Complexity (2018): -0.8, Rnk 773 / 1018

Export Growth (CAGR)(2017 - 2018): 13.4%, Rnk 596 / 1225

Mean Tariff (2018): 3.91%, Rnk 1014 / 1259

Share of World Trade (2018): 0.0031%, Rnk 1016 / 1225

Overview: In 2018, Dolomite were the world's 1016th most traded product, with a total trade of $564M. Between 2017 and 2018 the exports of Dolomite grew by 13.4%, from  $497M to $564M. Trade in Dolomite represent 0.0031% of total world trade.

Exports: In 2018 the top exporters of Dolomite  were Belgium-Luxembourg ($120M), United Arab Emirates ($66M), China ($41.4M), Spain ($27.8M), and Italy ($26.5M).

Imports: In 2018 the top importers of Dolomite were India ($98.3M), Netherlands ($76.4M), Japan ($50.7M), Germany ($42.5M), and France ($30.8M).

Tariffs: In 2018 the average tariff for Dolomite was 3.91%, been the 1014 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Dolomite are Bahamas (40.2%), Bermuda (25%), Tunisia (20%), Cambodia (15%), and Sri Lanka (14.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Indonesia (0%), and Japan (0%).

Ranking: Dolomite ranks 773rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $120M

Top Destination (2018): India, $98.3M

Dolomite are the world's 1016th most traded product.

In 2018, the top exporters of Dolomite were Belgium-Luxembourg ($120M), United Arab Emirates ($66M), China ($41.4M), Spain ($27.8M), and Italy ($26.5M).

In 2018, the top importers of Dolomite were India ($98.3M), Netherlands ($76.4M), Japan ($50.7M), Germany ($42.5M), and France ($30.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $29.5M

Top Destination Growth (2017 - 2018): India, $31.6M

Between 2017 and 2018, the exports of Dolomite grew the fastest in United Arab Emirates ($29.5M), Belgium-Luxembourg ($11.1M), Bhutan ($8.4M), Brazil ($7.04M), and Philippines ($6.72M).

Between 2017 and 2018, the fastest growing importers of Dolomite were India ($31.6M), Chinese Taipei ($17M), Netherlands ($12.6M), Paraguay ($5.83M), and Malaysia ($4.16M).

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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 Dolomite.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Dolomite are explained by 20 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $108M

TOP NET IMPORTER (2018): India, $93.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Dolomite were Belgium-Luxembourg ($108M), United Arab Emirates ($65.4M), Italy ($24.7M), Spain ($21.3M), and Thailand ($20.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Dolomite were India ($93.9M), Netherlands ($66.9M), Japan ($50M), France ($27.6M), and Germany ($24M).

Trade Forecasts

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This section shows forecasts for total trade for Dolomite. 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 Dolomite was 3.91%.  The countries with the highest tariffs for importing Dolomite were Bahamas (40.2%), Bermuda (25%), Tunisia (20%), Cambodia (15%), and Sri Lanka (14.7%).

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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.