HS Icon Coal tar distillation products nes

270799 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.5B, Rnk 231 / 4726

Top Exporter (2018): $3.62B, Netherlands

Top Importer (2018): $3.18B, Singapore

Product Complexity (2018): -0.52, Rnk 3412 / 4873

Export Growth (CAGR)(2017 - 2018): 49.9%, Rnk 338 / 4726

Mean Tariff (2018): 3.4%, Rnk 5466 / 6538

Share of World Trade (2018): 0.068%, Rnk 231 / 4726

Overview: In 2018, Coal tar distillation products nes were the world's 231st most traded product, with a total trade of $12.5B. Between 2017 and 2018 the exports of Coal tar distillation products nes grew by 49.9%, from  $8.32B to $12.5B. Trade in Coal tar distillation products nes represent 0.068% of total world trade.

Exports: In 2018 the top exporters of Coal tar distillation products nes  were Netherlands ($3.62B), Russia ($2.88B), United States ($990M), Belgium-Luxembourg ($887M), and Estonia ($527M).

Imports: In 2018 the top importers of Coal tar distillation products nes were Singapore ($3.18B), Netherlands ($1.52B), Switzerland ($917M), Belgium-Luxembourg ($729M), and Estonia ($494M).

Tariffs: In 2018 the average tariff for Coal tar distillation products nes was 3.4%, been the 5466 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Coal tar distillation products nes are Bermuda (25%), Madagascar (17.2%), Cambodia (15%), Jamaica (15%), and Trinidad and Tobago (14.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Coal tar distillation products nes ranks 3412th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $3.62B

Top Destination (2018): Singapore, $3.18B

Coal tar distillation products nes are the world's 231st most traded product.

In 2018, the top exporters of Coal tar distillation products nes were Netherlands ($3.62B), Russia ($2.88B), United States ($990M), Belgium-Luxembourg ($887M), and Estonia ($527M).

In 2018, the top importers of Coal tar distillation products nes were Singapore ($3.18B), Netherlands ($1.52B), Switzerland ($917M), Belgium-Luxembourg ($729M), and Estonia ($494M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Russia, $1.69B

Top Destination Growth (2017 - 2018): Singapore, $851M

Between 2017 and 2018, the exports of Coal tar distillation products nes grew the fastest in Russia ($1.69B), Netherlands ($676M), Estonia ($520M), United States ($415M), and Belgium-Luxembourg ($354M).

Between 2017 and 2018, the fastest growing importers of Coal tar distillation products nes were Singapore ($851M), Netherlands ($565M), Switzerland ($474M), Estonia ($451M), and Saudi Arabia ($359M).

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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 distillation products nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.58. This means that most of the exports of Coal tar distillation products nes are explained by 11 countries.

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TOP NET EXPORTER (2018): Russia, $2.86B

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

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

In 2018, the countries that had a largest trade value in exports than in imports of Coal tar distillation products nes were Russia ($2.86B), Netherlands ($2.1B), United States ($657M), Belarus ($307M), and Bulgaria ($233M).

In 2018, the countries that had a largest trade value in imports than in exports of Coal tar distillation products nes were Singapore ($3.11B), Switzerland ($916M), Saudi Arabia ($394M), China ($279M), and Malta ($278M).

Trade Forecasts

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This section shows forecasts for total trade for Coal tar distillation products nes. 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 distillation products nes was 3.4%.  The countries with the highest tariffs for importing Coal tar distillation products nes were Bermuda (25%), Madagascar (17.2%), Cambodia (15%), Jamaica (15%), and Trinidad and Tobago (14.2%).

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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.