HS Icon Other Mineral

2530 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.88B, Rnk 637 / 1225

Top Exporter (2018): $1.19B, Australia

Top Importer (2018): $1.22B, China

Product Complexity (2018): -1.25, Rnk 885 / 1018

Export Growth (CAGR)(2017 - 2018): 15.8%, Rnk 481 / 1225

Mean Tariff (2018): 3.31%, Rnk 1107 / 1259

Share of World Trade (2018): 0.016%, Rnk 637 / 1225

Overview: In 2018, Other Mineral were the world's 637th most traded product, with a total trade of $2.88B. Between 2017 and 2018 the exports of Other Mineral grew by 15.8%, from  $2.48B to $2.88B. Trade in Other Mineral represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Other Mineral  were Australia ($1.19B), China ($229M), Germany ($220M), United States ($133M), and Spain ($112M).

Imports: In 2018 the top importers of Other Mineral were China ($1.22B), France ($125M), United States ($114M), Germany ($110M), and Belgium-Luxembourg ($95.7M).

Tariffs: In 2018 the average tariff for Other Mineral was 3.31%, been the 1107 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Mineral are Bahamas (33.9%), Turkmenistan (26.7%), Bermuda (25%), Cambodia (15%), and Georgia (11.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Other Mineral ranks 885th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Australia, $1.19B

Top Destination (2018): China, $1.22B

Other Mineral are the world's 637th most traded product.

In 2018, the top exporters of Other Mineral were Australia ($1.19B), China ($229M), Germany ($220M), United States ($133M), and Spain ($112M).

In 2018, the top importers of Other Mineral were China ($1.22B), France ($125M), United States ($114M), Germany ($110M), and Belgium-Luxembourg ($95.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Australia, $266M

Top Destination Growth (2017 - 2018): China, $210M

Between 2017 and 2018, the exports of Other Mineral grew the fastest in Australia ($266M), Belgium-Luxembourg ($32.4M), China ($28.8M), Netherlands ($28.2M), and Switzerland ($25.6M).

Between 2017 and 2018, the fastest growing importers of Other Mineral were China ($210M), France ($42.7M), Germany ($22.4M), South Korea ($19.6M), and United States ($15.7M).

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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 Other Mineral.

In 2018,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Other Mineral are explained by 13 countries.

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TOP NET EXPORTER (2018): Australia, $1.18B

TOP NET IMPORTER (2018): China, $992M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Mineral were Australia ($1.18B), Germany ($111M), South Africa ($85M), Spain ($73.7M), and Russia ($39.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Mineral were China ($992M), France ($95.4M), Japan ($75.8M), South Korea ($70.4M), and Malaysia ($43.9M).

Trade Forecasts

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This section shows forecasts for total trade for Other Mineral. 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 Other Mineral was 3.31%.  The countries with the highest tariffs for importing Other Mineral were Bahamas (33.9%), Turkmenistan (26.7%), Bermuda (25%), Cambodia (15%), and Georgia (11.4%).

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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.