HS Icon Boron

2810 (Harmonized System 1992 for 4-digit)

World Trade (2018): $497M, Rnk 1034 / 1225

Top Exporter (2018): $164M, United States

Top Importer (2018): $158M, China

Export Growth (CAGR)(2017 - 2018): 24.8%, Rnk 236 / 1225

Mean Tariff (2018): 2.48%, Rnk 1182 / 1259

Share of World Trade (2018): 0.0027%, Rnk 1034 / 1225

Overview:  This page contains the latest trade data of Boron. In 2018, Boron were the world's 1034th most traded product, with a total trade of $497M. Between 2017 and 2018 the exports of Boron grew by 24.8%, from  $398M to $497M. Trade in Boron represent 0.0027% of total world trade.

Exports: In 2018 the top exporters of Boron  were United States ($164M), Turkey ($139M), Russia ($47.6M), Chile ($46.6M), and Peru ($20M).

Imports: In 2018 the top importers of Boron were China ($158M), South Korea ($38.3M), Japan ($35.3M), Chinese Taipei ($29.7M), and Brazil ($24.3M).

Tariffs: In 2018 the average tariff for Boron was 2.48%, been the 1182 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Boron are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $164M

Top Destination (2018): China, $158M

Boron are the world's 1034th most traded product.

In 2018, the top exporters of Boron were United States ($164M), Turkey ($139M), Russia ($47.6M), Chile ($46.6M), and Peru ($20M).

In 2018, the top importers of Boron were China ($158M), South Korea ($38.3M), Japan ($35.3M), Chinese Taipei ($29.7M), and Brazil ($24.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $87.7M

Top Destination Growth (2017 - 2018): China, $59M

Between 2017 and 2018, the exports of Boron grew the fastest in United States ($87.7M), Turkey ($22.5M), Russia ($5.11M), Belgium-Luxembourg ($1.98M), and Netherlands ($1.95M).

Between 2017 and 2018, the fastest growing importers of Boron were China ($59M), Chinese Taipei ($28.6M), Netherlands ($14M), Morocco ($7.28M), and Canada ($4.45M).

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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 Boron.

In 2018,  market concentration measured using Shannon Entropy, was 2.96. This means that most of the exports of Boron are explained by 7 countries.

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TOP NET EXPORTER (2018): United States, $149M

TOP NET IMPORTER (2018): China, $154M

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

In 2018, the countries that had a largest trade value in exports than in imports of Boron were United States ($149M), Turkey ($139M), Russia ($46.5M), Chile ($46M), and Peru ($19.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Boron were China ($154M), South Korea ($35.6M), Japan ($33.7M), Chinese Taipei ($26.9M), and Brazil ($24.3M).

Trade Forecasts

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This section shows forecasts for total trade for Boron. 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 Boron was 2.48%.  The countries with the highest tariffs for importing Boron were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%).

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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.