HS Icon Sodium hydroxide (caustic soda) in aqueous solution

281512 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6B, Rnk 543 / 4726

Top Exporter (2018): $1.76B, United States

Top Importer (2018): $1.05B, Australia

Product Complexity (2018): 0.48, Rnk 1707 / 4873

Export Growth (CAGR)(2017 - 2018): 36.8%, Rnk 565 / 4726

Mean Tariff (2018): 6.48%, Rnk 3400 / 6538

Share of World Trade (2018): 0.033%, Rnk 543 / 4726

Overview:  This page contains the latest trade data of Sodium hydroxide (caustic soda) in aqueous solution. In 2018, Sodium hydroxide (caustic soda) in aqueous solution were the world's 543rd most traded product, with a total trade of $6B. Between 2017 and 2018 the exports of Sodium hydroxide (caustic soda) in aqueous solution grew by 36.8%, from  $4.39B to $6B. Trade in Sodium hydroxide (caustic soda) in aqueous solution represent 0.033% of total world trade.

Exports: In 2018 the top exporters of Sodium hydroxide (caustic soda) in aqueous solution  were United States ($1.76B), Germany ($723M), China ($428M), Belgium-Luxembourg ($348M), and Chinese Taipei ($337M).

Imports: In 2018 the top importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.05B), Brazil ($577M), Finland ($332M), Canada ($270M), and United States ($247M).

Tariffs: In 2018 the average tariff for Sodium hydroxide (caustic soda) in aqueous solution was 6.48%, been the 3400 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sodium hydroxide (caustic soda) in aqueous solution are Bahamas (40.2%), Bangladesh (25%), Bermuda (25%), Bulgaria (20.9%), and Turkmenistan (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Sodium hydroxide (caustic soda) in aqueous solution ranks 1707th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.76B

Top Destination (2018): Australia, $1.05B

Sodium hydroxide (caustic soda) in aqueous solution are the world's 543rd most traded product.

In 2018, the top exporters of Sodium hydroxide (caustic soda) in aqueous solution were United States ($1.76B), Germany ($723M), China ($428M), Belgium-Luxembourg ($348M), and Chinese Taipei ($337M).

In 2018, the top importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.05B), Brazil ($577M), Finland ($332M), Canada ($270M), and United States ($247M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $345M

Top Destination Growth (2017 - 2018): Australia, $339M

Between 2017 and 2018, the exports of Sodium hydroxide (caustic soda) in aqueous solution grew the fastest in Germany ($345M), United States ($313M), Chinese Taipei ($218M), Saudi Arabia ($145M), and Netherlands ($132M).

Between 2017 and 2018, the fastest growing importers of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($339M), Finland ($275M), Sweden ($109M), Spain ($104M), and Netherlands ($73M).

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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 Sodium hydroxide (caustic soda) in aqueous solution.

In 2018,  market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Sodium hydroxide (caustic soda) in aqueous solution are explained by 14 countries.

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TOP NET EXPORTER (2018): United States, $1.52B

TOP NET IMPORTER (2018): Australia, $1.04B

This map shows which countries export or import more of Sodium hydroxide (caustic soda) in aqueous solution. Each country is colored based on the difference in exports and imports of Sodium hydroxide (caustic soda) in aqueous solution during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Sodium hydroxide (caustic soda) in aqueous solution were United States ($1.52B), Germany ($569M), China ($414M), Japan ($328M), and Chinese Taipei ($294M).

In 2018, the countries that had a largest trade value in imports than in exports of Sodium hydroxide (caustic soda) in aqueous solution were Australia ($1.04B), Brazil ($571M), Finland ($328M), Sweden ($237M), and Canada ($235M).

Trade Forecasts

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This section shows forecasts for total trade for Sodium hydroxide (caustic soda) in aqueous solution. 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 Sodium hydroxide (caustic soda) in aqueous solution was 6.48%.  The countries with the highest tariffs for importing Sodium hydroxide (caustic soda) in aqueous solution were Bahamas (40.2%), Bangladesh (25%), Bermuda (25%), Bulgaria (20.9%), and Turkmenistan (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.