HS Icon Phosphoric Acid

2809 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.25B, Rnk 552 / 1225

Top Exporter (2018): $1.48B, Morocco

Top Importer (2018): $1.46B, India

Product Complexity (2018): -0.58, Rnk 720 / 1018

Export Growth (CAGR)(2017 - 2018): 19.8%, Rnk 339 / 1225

Mean Tariff (2018): 4.66%, Rnk 882 / 1259

Share of World Trade (2018): 0.023%, Rnk 552 / 1225

Overview: In 2018, Phosphoric Acid were the world's 552nd most traded product, with a total trade of $4.25B. Between 2017 and 2018 the exports of Phosphoric Acid grew by 19.8%, from  $3.55B to $4.25B. Trade in Phosphoric Acid represent 0.023% of total world trade.

Exports: In 2018 the top exporters of Phosphoric Acid  were Morocco ($1.48B), China ($491M), United States ($342M), Senegal ($319M), and Israel ($247M).

Imports: In 2018 the top importers of Phosphoric Acid were India ($1.46B), Netherlands ($267M), Pakistan ($238M), Turkey ($176M), and United States ($163M).

Tariffs: In 2018 the average tariff for Phosphoric Acid was 4.66%, been the 882 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Phosphoric Acid are Bahamas (40.2%), Bermuda (25%), Malaysia (22.5%), Morocco (19.7%), and Romania (17.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Phosphoric Acid ranks 720th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Morocco, $1.48B

Top Destination (2018): India, $1.46B

Phosphoric Acid are the world's 552nd most traded product.

In 2018, the top exporters of Phosphoric Acid were Morocco ($1.48B), China ($491M), United States ($342M), Senegal ($319M), and Israel ($247M).

In 2018, the top importers of Phosphoric Acid were India ($1.46B), Netherlands ($267M), Pakistan ($238M), Turkey ($176M), and United States ($163M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $470M

Top Destination Growth (2017 - 2018): Netherlands, $129M

Between 2017 and 2018, the exports of Phosphoric Acid grew the fastest in Morocco ($470M), Singapore ($62.2M), United States ($56.8M), Netherlands ($46.1M), and China ($37.9M).

Between 2017 and 2018, the fastest growing importers of Phosphoric Acid were Netherlands ($129M), Turkey ($72.9M), Germany ($69.1M), Australia ($66.2M), and Saudi Arabia ($64.6M).

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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 Phosphoric Acid.

In 2018,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Phosphoric Acid are explained by 11 countries.

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TOP NET EXPORTER (2018): Morocco, $1.48B

TOP NET IMPORTER (2018): India, $1.46B

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

In 2018, the countries that had a largest trade value in exports than in imports of Phosphoric Acid were Morocco ($1.48B), China ($454M), Senegal ($319M), Israel ($246M), and Jordan ($213M).

In 2018, the countries that had a largest trade value in imports than in exports of Phosphoric Acid were India ($1.46B), Pakistan ($238M), Netherlands ($194M), Turkey ($174M), and France ($145M).

Trade Forecasts

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This section shows forecasts for total trade for Phosphoric 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 Phosphoric Acid was 4.66%.  The countries with the highest tariffs for importing Phosphoric Acid were Bahamas (40.2%), Bermuda (25%), Malaysia (22.5%), Morocco (19.7%), and Romania (17.2%).

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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.