HS Icon Carbon (carbon blacks and other forms of carbon, nes)

280300 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.42B, Rnk 588 / 4726

Top Exporter (2018): $1.07B, China

Top Importer (2018): $399M, Thailand

Product Complexity (2018): 0.098, Rnk 2441 / 4873

Export Growth (CAGR)(2017 - 2018): 33.6%, Rnk 660 / 4726

Mean Tariff (2018): 2.52%, Rnk 5969 / 6538

Share of World Trade (2018): 0.03%, Rnk 588 / 4726

Overview:  This page contains the latest trade data of Carbon (carbon blacks and other forms of carbon, nes). In 2018, Carbon (carbon blacks and other forms of carbon, nes) were the world's 588th most traded product, with a total trade of $5.42B. Between 2017 and 2018 the exports of Carbon (carbon blacks and other forms of carbon, nes) grew by 33.6%, from  $4.06B to $5.42B. Trade in Carbon (carbon blacks and other forms of carbon, nes) represent 0.03% of total world trade.

Exports: In 2018 the top exporters of Carbon (carbon blacks and other forms of carbon, nes)  were China ($1.07B), Russia ($696M), Germany ($370M), United States ($369M), and South Korea ($298M).

Imports: In 2018 the top importers of Carbon (carbon blacks and other forms of carbon, nes) were Thailand ($399M), Germany ($374M), India ($334M), Indonesia ($328M), and Poland ($319M).

Tariffs: In 2018 the average tariff for Carbon (carbon blacks and other forms of carbon, nes) was 2.52%, been the 5969 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Carbon (carbon blacks and other forms of carbon, nes) are Bahamas (40.2%), Bermuda (25%), Angola (20%), Pakistan (15.7%), and Maldives (14.7%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Carbon (carbon blacks and other forms of carbon, nes) ranks 2441st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.07B

Top Destination (2018): Thailand, $399M

Carbon (carbon blacks and other forms of carbon, nes) are the world's 588th most traded product.

In 2018, the top exporters of Carbon (carbon blacks and other forms of carbon, nes) were China ($1.07B), Russia ($696M), Germany ($370M), United States ($369M), and South Korea ($298M).

In 2018, the top importers of Carbon (carbon blacks and other forms of carbon, nes) were Thailand ($399M), Germany ($374M), India ($334M), Indonesia ($328M), and Poland ($319M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $363M

Top Destination Growth (2017 - 2018): India, $182M

Between 2017 and 2018, the exports of Carbon (carbon blacks and other forms of carbon, nes) grew the fastest in China ($363M), Russia ($143M), Poland ($86.6M), South Korea ($85.2M), and Hungary ($78M).

Between 2017 and 2018, the fastest growing importers of Carbon (carbon blacks and other forms of carbon, nes) were India ($182M), Thailand ($135M), Germany ($106M), Poland ($95.3M), and Indonesia ($86M).

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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 Carbon (carbon blacks and other forms of carbon, nes).

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Carbon (carbon blacks and other forms of carbon, nes) are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $823M

TOP NET IMPORTER (2018): Indonesia, $307M

This map shows which countries export or import more of Carbon (carbon blacks and other forms of carbon, nes). Each country is colored based on the difference in exports and imports of Carbon (carbon blacks and other forms of carbon, nes) during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Carbon (carbon blacks and other forms of carbon, nes) were China ($823M), Russia ($690M), South Korea ($212M), Egypt ($170M), and Canada ($119M).

In 2018, the countries that had a largest trade value in imports than in exports of Carbon (carbon blacks and other forms of carbon, nes) were Indonesia ($307M), Thailand ($257M), Turkey ($246M), India ($201M), and Vietnam ($191M).

Trade Forecasts

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This section shows forecasts for total trade for Carbon (carbon blacks and other forms of carbon, 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 Carbon (carbon blacks and other forms of carbon, nes) was 2.52%.  The countries with the highest tariffs for importing Carbon (carbon blacks and other forms of carbon, nes) were Bahamas (40.2%), Bermuda (25%), Angola (20%), Pakistan (15.7%), and Maldives (14.7%).

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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.