HS Icon Coal Tar Oil

2707 (Harmonized System 1992 for 4-digit)

World Trade (2018): $29.3B, Rnk 128 / 1225

Top Exporter (2018): $5.38B, Netherlands

Top Importer (2018): $4.58B, Netherlands

Product Complexity (2018): -0.41, Rnk 670 / 1018

Export Growth (CAGR)(2017 - 2018): 19%, Rnk 358 / 1225

Mean Tariff (2018): 3.46%, Rnk 1084 / 1259

Share of World Trade (2018): 0.16%, Rnk 128 / 1225

Overview: In 2018, Coal Tar Oil were the world's 128th most traded product, with a total trade of $29.3B. Between 2017 and 2018 the exports of Coal Tar Oil grew by 19%, from  $24.6B to $29.3B. Trade in Coal Tar Oil represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Coal Tar Oil  were Netherlands ($5.38B), Russia ($3.48B), Belgium-Luxembourg ($1.95B), Japan ($1.88B), and United States ($1.73B).

Imports: In 2018 the top importers of Coal Tar Oil were Netherlands ($4.58B), Singapore ($3.73B), China ($3.41B), Belgium-Luxembourg ($2.43B), and South Korea ($1.53B).

Tariffs: In 2018 the average tariff for Coal Tar Oil was 3.46%, been the 1084 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coal Tar Oil are Bermuda (25%), Madagascar (17.2%), Jamaica (15%), Trinidad and Tobago (14.2%), and Barbados (13.8%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Coal Tar Oil ranks 670th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $5.38B

Top Destination (2018): Netherlands, $4.58B

Coal Tar Oil are the world's 128th most traded product.

In 2018, the top exporters of Coal Tar Oil were Netherlands ($5.38B), Russia ($3.48B), Belgium-Luxembourg ($1.95B), Japan ($1.88B), and United States ($1.73B).

In 2018, the top importers of Coal Tar Oil were Netherlands ($4.58B), Singapore ($3.73B), China ($3.41B), Belgium-Luxembourg ($2.43B), and South Korea ($1.53B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Russia, $1.82B

Top Destination Growth (2017 - 2018): Netherlands, $1.2B

Between 2017 and 2018, the exports of Coal Tar Oil grew the fastest in Russia ($1.82B), Spain ($772M), Estonia ($543M), United States ($459M), and Belarus ($443M).

Between 2017 and 2018, the fastest growing importers of Coal Tar Oil were Netherlands ($1.2B), Singapore ($1.17B), Belgium-Luxembourg ($1.15B), Switzerland ($500M), and Estonia ($485M).

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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 Coal Tar Oil.

In 2018,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Coal Tar Oil are explained by 23 countries.

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TOP NET EXPORTER (2018): Russia, $3.44B

TOP NET IMPORTER (2018): China, $3.35B

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

In 2018, the countries that had a largest trade value in exports than in imports of Coal Tar Oil were Russia ($3.44B), Japan ($1.72B), Spain ($1.2B), Netherlands ($803M), and United States ($690M).

In 2018, the countries that had a largest trade value in imports than in exports of Coal Tar Oil were China ($3.35B), Singapore ($3.3B), Ecuador ($1.31B), Switzerland ($961M), and India ($487M).

Trade Forecasts

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This section shows forecasts for total trade for Coal Tar Oil. 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 Coal Tar Oil was 3.46%.  The countries with the highest tariffs for importing Coal Tar Oil were Bermuda (25%), Madagascar (17.2%), Jamaica (15%), Trinidad and Tobago (14.2%), and Barbados (13.8%).

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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.