HS Icon Tar

2706 (Harmonized System 1992 for 4-digit)

World Trade (2018): $866M, Rnk 945 / 1225

Top Exporter (2018): $191M, Russia

Top Importer (2018): $135M, Spain

Product Complexity (2018): -0.13, Rnk 589 / 1018

Export Growth (CAGR)(2017 - 2018): 70.9%, Rnk 31 / 1225

Mean Tariff (2018): 2.58%, Rnk 1175 / 1259

Share of World Trade (2018): 0.0047%, Rnk 945 / 1225

Overview:  This page contains the latest trade data of Tar. In 2018, Tar were the world's 945th most traded product, with a total trade of $866M. Between 2017 and 2018 the exports of Tar grew by 70.9%, from  $506M to $866M. Trade in Tar represent 0.0047% of total world trade.

Exports: In 2018 the top exporters of Tar  were Russia ($191M), Poland ($168M), United States ($55.7M), France ($49M), and Ukraine ($40.8M).

Imports: In 2018 the top importers of Tar were Spain ($135M), Turkey ($128M), Czechia ($126M), Denmark ($93.7M), and Germany ($83M).

Tariffs: In 2018 the average tariff for Tar was 2.58%, been the 1175 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tar are Bermuda (25%), South Africa (16.7%), Panama (15%), Zambia (13.6%), and Pakistan (10.8%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Tar ranks 589th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $191M

Top Destination (2018): Spain, $135M

Tar are the world's 945th most traded product.

In 2018, the top exporters of Tar were Russia ($191M), Poland ($168M), United States ($55.7M), France ($49M), and Ukraine ($40.8M).

In 2018, the top importers of Tar were Spain ($135M), Turkey ($128M), Czechia ($126M), Denmark ($93.7M), and Germany ($83M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $106M

Top Destination Growth (2017 - 2018): Spain, $89.4M

Between 2017 and 2018, the exports of Tar grew the fastest in Poland ($106M), Russia ($94.7M), France ($20.5M), Vietnam ($18.2M), and Ukraine ($16.8M).

Between 2017 and 2018, the fastest growing importers of Tar were Spain ($89.4M), Czechia ($77.6M), Turkey ($63.2M), Denmark ($25.9M), and Germany ($22.9M).

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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 Tar.

In 2018,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Tar are explained by 15 countries.

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TOP NET EXPORTER (2018): Russia, $188M

TOP NET IMPORTER (2018): Spain, $133M

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

In 2018, the countries that had a largest trade value in exports than in imports of Tar were Russia ($188M), Poland ($164M), France ($46.8M), United States ($42.4M), and Ukraine ($31.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Tar were Spain ($133M), Czechia ($124M), Denmark ($91.8M), Turkey ($88.7M), and Germany ($64.4M).

Trade Forecasts

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This section shows forecasts for total trade for Tar. 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 Tar was 2.58%.  The countries with the highest tariffs for importing Tar were Bermuda (25%), South Africa (16.7%), Panama (15%), Zambia (13.6%), and Pakistan (10.8%).

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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.