HS Icon Nitrogen

280430 (Harmonized System 1992 for 6-digit)

World Trade (2018): $178M, Rnk 3746 / 4726

Top Exporter (2018): $36.3M, Belgium-Luxembourg

Top Importer (2018): $34.2M, Netherlands

Product Complexity (2018): -0.14, Rnk 2847 / 4873

Export Growth (CAGR)(2017 - 2018): -8.18%, Rnk 4267 / 4726

Mean Tariff (2018): 4.83%, Rnk 4262 / 6538

Share of World Trade (2018): 0.00097%, Rnk 3746 / 4726

Overview:  This page contains the latest trade data of Nitrogen. In 2018, Nitrogen were the world's 3746th most traded product, with a total trade of $178M. Between 2017 and 2018 the exports of Nitrogen decreased by -8.18%, from  $194M to $178M. Trade in Nitrogen represent 0.00097% of total world trade.

Exports: In 2018 the top exporters of Nitrogen  were Belgium-Luxembourg ($36.3M), United States ($18.8M), Germany ($14.8M), France ($11.7M), and Austria ($8.91M).

Imports: In 2018 the top importers of Nitrogen were Netherlands ($34.2M), Belgium-Luxembourg ($11.2M), Germany ($10.7M), Canada ($8.56M), and France ($8.13M).

Tariffs: In 2018 the average tariff for Nitrogen was 4.83%, been the 4262 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Nitrogen are Bahamas (40.2%), Bermuda (25%), Morocco (19.7%), Romania (17.2%), and Maldives (14.7%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Nitrogen ranks 2847th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $36.3M

Top Destination (2018): Netherlands, $34.2M

Nitrogen are the world's 3746th most traded product.

In 2018, the top exporters of Nitrogen were Belgium-Luxembourg ($36.3M), United States ($18.8M), Germany ($14.8M), France ($11.7M), and Austria ($8.91M).

In 2018, the top importers of Nitrogen were Netherlands ($34.2M), Belgium-Luxembourg ($11.2M), Germany ($10.7M), Canada ($8.56M), and France ($8.13M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $5.93M

Top Destination Growth (2017 - 2018): Netherlands, $5.39M

Between 2017 and 2018, the exports of Nitrogen grew the fastest in Belgium-Luxembourg ($5.93M), Germany ($3.21M), Kuwait ($2.79M), Croatia ($2.36M), and France ($1.82M).

Between 2017 and 2018, the fastest growing importers of Nitrogen were Netherlands ($5.39M), Iraq ($2.17M), Austria ($1.83M), Slovenia ($1.71M), and Australia ($1.62M).

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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 Nitrogen.

In 2018,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Nitrogen are explained by 22 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $25.1M

TOP NET IMPORTER (2018): Netherlands, $28M

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

In 2018, the countries that had a largest trade value in exports than in imports of Nitrogen were Belgium-Luxembourg ($25.1M), United States ($17.3M), Poland ($6.74M), Singapore ($5.71M), and Italy ($5.27M).

In 2018, the countries that had a largest trade value in imports than in exports of Nitrogen were Netherlands ($28M), Canada ($7.51M), Mexico ($4.02M), Czechia ($3.8M), and Hungary ($3.73M).

Trade Forecasts

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This section shows forecasts for total trade for Nitrogen. 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 Nitrogen was 4.83%.  The countries with the highest tariffs for importing Nitrogen were Bahamas (40.2%), Bermuda (25%), Morocco (19.7%), Romania (17.2%), 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.