HS Icon Hypochlorites

2828 (Harmonized System 1992 for 4-digit)

World Trade (2018): $672M, Rnk 988 / 1225

Top Exporter (2018): $185M, China

Top Importer (2018): $53.8M, United States

Product Complexity (2018): -0.59, Rnk 723 / 1018

Export Growth (CAGR)(2017 - 2018): 14.8%, Rnk 532 / 1225

Mean Tariff (2018): 5.12%, Rnk 805 / 1259

Share of World Trade (2018): 0.0037%, Rnk 988 / 1225

Overview: In 2018, Hypochlorites were the world's 988th most traded product, with a total trade of $672M. Between 2017 and 2018 the exports of Hypochlorites grew by 14.8%, from  $586M to $672M. Trade in Hypochlorites represent 0.0037% of total world trade.

Exports: In 2018 the top exporters of Hypochlorites  were China ($185M), United States ($71.6M), Japan ($60M), Canada ($35.3M), and Germany ($32.6M).

Imports: In 2018 the top importers of Hypochlorites were United States ($53.8M), France ($43.4M), Russia ($30M), Germany ($27.1M), and Belgium-Luxembourg ($22.7M).

Tariffs: In 2018 the average tariff for Hypochlorites was 5.12%, been the 805 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hypochlorites are Bahamas (41.3%), Bermuda (25%), Morocco (19.7%), Romania (17.2%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Hypochlorites ranks 723rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $185M

Top Destination (2018): United States, $53.8M

Hypochlorites are the world's 988th most traded product.

In 2018, the top exporters of Hypochlorites were China ($185M), United States ($71.6M), Japan ($60M), Canada ($35.3M), and Germany ($32.6M).

In 2018, the top importers of Hypochlorites were United States ($53.8M), France ($43.4M), Russia ($30M), Germany ($27.1M), and Belgium-Luxembourg ($22.7M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $31.6M

Top Destination Growth (2017 - 2018): United States, $10.5M

Between 2017 and 2018, the exports of Hypochlorites grew the fastest in China ($31.6M), Germany ($8.65M), Japan ($7.87M), Portugal ($7.47M), and Belgium-Luxembourg ($6.85M).

Between 2017 and 2018, the fastest growing importers of Hypochlorites were United States ($10.5M), Spain ($8.81M), Germany ($6.82M), Israel ($6.2M), and Guyana ($5.76M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Hypochlorites.

In 2018,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Hypochlorites are explained by 18 countries.

TOP NET EXPORTER (2018): China, $166M

TOP NET IMPORTER (2018): Russia, $28.1M

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

In 2018, the countries that had a largest trade value in exports than imports of Hypochlorites were China ($166M), Japan ($58.7M), United States ($17.9M), Canada ($15.9M), and Portugal ($13.8M).

In 2018, the countries that had a largest trade value in imports than exports of Hypochlorites were Russia ($28.1M), France ($20.8M), Philippines ($19M), Brazil ($18.7M), and Vietnam ($15.8M).

Trade Forecasts

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This section shows forecasts for total trade for Hypochlorites. 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 Hypochlorites was 5.12%.  The countries with the highest tariffs for importing Hypochlorites were Bahamas (41.3%), Bermuda (25%), Morocco (19.7%), Romania (17.2%), and Nepal (14.8%).

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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.