HS Icon Zinc Ore

2608 (Harmonized System 1992 for 4-digit)

World Trade (2018): $14.1B, Rnk 258 / 1225

Top Exporter (2018): $2.2B, Peru

Top Importer (2018): $3.12B, China

Product Complexity (2018): -1.55, Rnk 946 / 1018

Export Growth (CAGR)(2017 - 2018): 19.5%, Rnk 348 / 1225

Mean Tariff (2018): 2.01%, Rnk 1234 / 1259

Share of World Trade (2018): 0.077%, Rnk 258 / 1225

Overview:  This page contains the latest trade data of Zinc Ore. In 2018, Zinc Ore were the world's 258th most traded product, with a total trade of $14.1B. Between 2017 and 2018 the exports of Zinc Ore grew by 19.5%, from  $11.8B to $14.1B. Trade in Zinc Ore represent 0.077% of total world trade.

Exports: In 2018 the top exporters of Zinc Ore  were Peru ($2.2B), Australia ($1.93B), United States ($1.63B), Bolivia ($1.61B), and Mexico ($971M).

Imports: In 2018 the top importers of Zinc Ore were China ($3.12B), South Korea ($1.96B), Belgium-Luxembourg ($1.31B), Spain ($1.28B), and Japan ($1.13B).

Tariffs: In 2018 the average tariff for Zinc Ore was 2.01%, been the 1234 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Zinc Ore are Bahamas (40.2%), Bermuda (25%), Cuba (14.9%), Aruba (12%), and Panama (10%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Zinc Ore ranks 946th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Peru, $2.2B

Top Destination (2018): China, $3.12B

Zinc Ore are the world's 258th most traded product.

In 2018, the top exporters of Zinc Ore were Peru ($2.2B), Australia ($1.93B), United States ($1.63B), Bolivia ($1.61B), and Mexico ($971M).

In 2018, the top importers of Zinc Ore were China ($3.12B), South Korea ($1.96B), Belgium-Luxembourg ($1.31B), Spain ($1.28B), and Japan ($1.13B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Australia, $535M

Top Destination Growth (2017 - 2018): China, $921M

Between 2017 and 2018, the exports of Zinc Ore grew the fastest in Australia ($535M), Belgium-Luxembourg ($339M), Bolivia ($271M), United States ($185M), and Portugal ($137M).

Between 2017 and 2018, the fastest growing importers of Zinc Ore were China ($921M), Spain ($296M), Belgium-Luxembourg ($223M), Netherlands ($195M), and France ($188M).

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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 Zinc Ore.

In 2018,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Zinc Ore are explained by 19 countries.

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TOP NET EXPORTER (2018): Peru, $2.2B

TOP NET IMPORTER (2018): China, $3.11B

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

In 2018, the countries that had a largest trade value in exports than in imports of Zinc Ore were Peru ($2.2B), United States ($1.63B), Bolivia ($1.61B), Australia ($1.29B), and Mexico ($896M).

In 2018, the countries that had a largest trade value in imports than in exports of Zinc Ore were China ($3.11B), South Korea ($1.91B), Japan ($1.13B), Spain ($953M), and Canada ($848M).

Trade Forecasts

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This section shows forecasts for total trade for Zinc Ore. 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 Zinc Ore was 2.01%.  The countries with the highest tariffs for importing Zinc Ore were Bahamas (40.2%), Bermuda (25%), Cuba (14.9%), Aruba (12%), and Panama (10%).

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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.