HS Icon Other Inorganic Acids

2811 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.32B, Rnk 482 / 1225

Top Exporter (2018): $1.31B, China

Top Importer (2018): $570M, United States

Product Complexity (2018): 0.5, Rnk 373 / 1018

Export Growth (CAGR)(2017 - 2018): 15.5%, Rnk 491 / 1225

Mean Tariff (2018): 4.51%, Rnk 912 / 1259

Share of World Trade (2018): 0.029%, Rnk 482 / 1225

Overview:  This page contains the latest trade data of Other Inorganic Acids. In 2018, Other Inorganic Acids were the world's 482nd most traded product, with a total trade of $5.32B. Between 2017 and 2018 the exports of Other Inorganic Acids grew by 15.5%, from  $4.6B to $5.32B. Trade in Other Inorganic Acids represent 0.029% of total world trade.

Exports: In 2018 the top exporters of Other Inorganic Acids  were China ($1.31B), Germany ($677M), Japan ($412M), United States ($380M), and Netherlands ($217M).

Imports: In 2018 the top importers of Other Inorganic Acids were United States ($570M), Japan ($399M), South Korea ($381M), China ($377M), and Germany ($309M).

Tariffs: In 2018 the average tariff for Other Inorganic Acids was 4.51%, been the 912 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Inorganic Acids are Bahamas (40.2%), Bermuda (25%), Nepal (14.8%), Maldives (14.7%), and Romania (14.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Singapore (0%).

Ranking: Other Inorganic Acids ranks 373rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.31B

Top Destination (2018): United States, $570M

Other Inorganic Acids are the world's 482nd most traded product.

In 2018, the top exporters of Other Inorganic Acids were China ($1.31B), Germany ($677M), Japan ($412M), United States ($380M), and Netherlands ($217M).

In 2018, the top importers of Other Inorganic Acids were United States ($570M), Japan ($399M), South Korea ($381M), China ($377M), and Germany ($309M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $186M

Top Destination Growth (2017 - 2018): United States, $83.1M

Between 2017 and 2018, the exports of Other Inorganic Acids grew the fastest in China ($186M), Hong Kong ($56.6M), Israel ($56M), Chinese Taipei ($38.9M), and Belgium-Luxembourg ($33.8M).

Between 2017 and 2018, the fastest growing importers of Other Inorganic Acids were United States ($83.1M), Belgium-Luxembourg ($71.4M), Japan ($62.9M), South Korea ($61.1M), and France ($51.3M).

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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 Other Inorganic Acids.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Other Inorganic Acids are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $937M

TOP NET IMPORTER (2018): South Korea, $264M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Inorganic Acids were China ($937M), Germany ($368M), Israel ($91.6M), Jordan ($57.1M), and Mexico ($47.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Inorganic Acids were South Korea ($264M), United States ($189M), Canada ($106M), Vietnam ($104M), and France ($96.5M).

Trade Forecasts

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This section shows forecasts for total trade for Other Inorganic Acids. 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 Other Inorganic Acids was 4.51%.  The countries with the highest tariffs for importing Other Inorganic Acids were Bahamas (40.2%), Bermuda (25%), Nepal (14.8%), Maldives (14.7%), and Romania (14.3%).

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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.