HS Icon Sulfuric Acid

2807 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.53B, Rnk 808 / 1225

Top Exporter (2018): $300M, Qatar

Top Importer (2018): $199M, Democratic Republic of the Congo

Product Complexity (2018): -0.055, Rnk 571 / 1018

Export Growth (CAGR)(2017 - 2018): 82.5%, Rnk 24 / 1225

Mean Tariff (2018): 6.17%, Rnk 684 / 1259

Share of World Trade (2018): 0.0083%, Rnk 808 / 1225

Overview: In 2018, Sulfuric Acid were the world's 808th most traded product, with a total trade of $1.53B. Between 2017 and 2018 the exports of Sulfuric Acid grew by 82.5%, from  $841M to $1.53B. Trade in Sulfuric Acid represent 0.0083% of total world trade.

Exports: In 2018 the top exporters of Sulfuric Acid  were Qatar ($300M), Zambia ($171M), Canada ($121M), South Korea ($91M), and Japan ($82.1M).

Imports: In 2018 the top importers of Sulfuric Acid were Democratic Republic of the Congo ($199M), United States ($195M), Chile ($174M), United Arab Emirates ($127M), and Singapore ($93.2M).

Tariffs: In 2018 the average tariff for Sulfuric Acid was 6.17%, been the 684 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sulfuric Acid are Turkmenistan (50%), Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), and Malaysia (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Sulfuric Acid ranks 571st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Qatar, $300M

Top Destination (2018): Democratic Republic of the Congo, $199M

Sulfuric Acid are the world's 808th most traded product.

In 2018, the top exporters of Sulfuric Acid were Qatar ($300M), Zambia ($171M), Canada ($121M), South Korea ($91M), and Japan ($82.1M).

In 2018, the top importers of Sulfuric Acid were Democratic Republic of the Congo ($199M), United States ($195M), Chile ($174M), United Arab Emirates ($127M), and Singapore ($93.2M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Qatar, $300M

Top Destination Growth (2017 - 2018): United Arab Emirates, $127M

Between 2017 and 2018, the exports of Sulfuric Acid grew the fastest in Qatar ($300M), Zambia ($98.6M), Peru ($34.6M), China ($31.2M), and Japan ($30M).

Between 2017 and 2018, the fastest growing importers of Sulfuric Acid were United Arab Emirates ($127M), Democratic Republic of the Congo ($118M), Chile ($91.4M), Singapore ($80.5M), and United States ($62.6M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Sulfuric Acid.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Sulfuric Acid are explained by 20 countries.

TOP NET EXPORTER (2018): Qatar, $300M

TOP NET IMPORTER (2018): Democratic Republic of the Congo, $199M

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

In 2018, the countries that had a largest trade value in exports than imports of Sulfuric Acid were Qatar ($300M), Zambia ($171M), Canada ($97.4M), South Korea ($90.1M), and Japan ($76.7M).

In 2018, the countries that had a largest trade value in imports than exports of Sulfuric Acid were Democratic Republic of the Congo ($199M), Chile ($172M), United States ($155M), United Arab Emirates ($126M), and Singapore ($91M).

Trade Forecasts

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This section shows forecasts for total trade for Sulfuric Acid. 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 Sulfuric Acid was 6.17%.  The countries with the highest tariffs for importing Sulfuric Acid were Turkmenistan (50%), Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), and Malaysia (20%).

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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.