HS Icon Hydrogen

2804 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12B, Rnk 288 / 1225

Top Exporter (2018): $2.02B, China

Top Importer (2018): $2.27B, China

Product Complexity (2018): 0.096, Rnk 509 / 1018

Export Growth (CAGR)(2017 - 2018): 1.85%, Rnk 1046 / 1225

Mean Tariff (2018): 4.1%, Rnk 970 / 1259

Share of World Trade (2018): 0.065%, Rnk 288 / 1225

Overview: In 2018, Hydrogen were the world's 288th most traded product, with a total trade of $12B. Between 2017 and 2018 the exports of Hydrogen grew by 1.85%, from  $11.7B to $12B. Trade in Hydrogen represent 0.065% of total world trade.

Exports: In 2018 the top exporters of Hydrogen  were China ($2.02B), United States ($1.65B), Germany ($1.27B), South Korea ($904M), and Norway ($555M).

Imports: In 2018 the top importers of Hydrogen were China ($2.27B), Japan ($1.57B), Germany ($1.1B), South Korea ($833M), and Chinese Taipei ($748M).

Tariffs: In 2018 the average tariff for Hydrogen was 4.1%, been the 970 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hydrogen are Bahamas (40.2%), Bermuda (25%), Romania (14.9%), Maldives (14.7%), and Algeria (12.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Sri Lanka (0%).

Ranking: Hydrogen ranks 509th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.02B

Top Destination (2018): China, $2.27B

Hydrogen are the world's 288th most traded product.

In 2018, the top exporters of Hydrogen were China ($2.02B), United States ($1.65B), Germany ($1.27B), South Korea ($904M), and Norway ($555M).

In 2018, the top importers of Hydrogen were China ($2.27B), Japan ($1.57B), Germany ($1.1B), South Korea ($833M), and Chinese Taipei ($748M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $269M

Top Destination Growth (2017 - 2018): Germany, $176M

Between 2017 and 2018, the exports of Hydrogen grew the fastest in China ($269M), Qatar ($148M), Brazil ($140M), Hong Kong ($85.4M), and Netherlands ($82.5M).

Between 2017 and 2018, the fastest growing importers of Hydrogen were Germany ($176M), India ($97.7M), United Kingdom ($95.3M), Malaysia ($65.8M), and United Arab Emirates ($61M).

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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 Hydrogen.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Hydrogen are explained by 20 countries.

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TOP NET EXPORTER (2018): United States, $997M

TOP NET IMPORTER (2018): Japan, $1.05B

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

In 2018, the countries that had a largest trade value in exports than in imports of Hydrogen were United States ($997M), Norway ($448M), Brazil ($442M), Qatar ($418M), and Kazakhstan ($235M).

In 2018, the countries that had a largest trade value in imports than in exports of Hydrogen were Japan ($1.05B), United Kingdom ($426M), India ($291M), China ($249M), and Chinese Taipei ($206M).

Trade Forecasts

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This section shows forecasts for total trade for Hydrogen. 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 Hydrogen was 4.1%.  The countries with the highest tariffs for importing Hydrogen were Bahamas (40.2%), Bermuda (25%), Romania (14.9%), Maldives (14.7%), and Algeria (12.5%).

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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.