HS Icon Sodium chlorate

282911 (Harmonized System 1992 for 6-digit)

World Trade (2018): $503M, Rnk 2782 / 4726

Top Exporter (2018): $304M, Canada

Top Importer (2018): $259M, United States

Product Complexity (2018): 0.26, Rnk 2148 / 4873

Export Growth (CAGR)(2017 - 2018): -5.18%, Rnk 4147 / 4726

Mean Tariff (2018): 4.1%, Rnk 4870 / 6538

Share of World Trade (2018): 0.0027%, Rnk 2782 / 4726

Overview:  This page contains the latest trade data of Sodium chlorate. In 2018, Sodium chlorate were the world's 2782nd most traded product, with a total trade of $503M. Between 2017 and 2018 the exports of Sodium chlorate decreased by -5.18%, from  $531M to $503M. Trade in Sodium chlorate represent 0.0027% of total world trade.

Exports: In 2018 the top exporters of Sodium chlorate  were Canada ($304M), Finland ($60.1M), France ($36.9M), Sweden ($26.6M), and United States ($26.4M).

Imports: In 2018 the top importers of Sodium chlorate were United States ($259M), Japan ($53.8M), Russia ($21M), Sweden ($19.8M), and Portugal ($18.3M).

Tariffs: In 2018 the average tariff for Sodium chlorate was 4.1%, been the 4870 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sodium chlorate are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Sodium chlorate ranks 2148th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $304M

Top Destination (2018): United States, $259M

Sodium chlorate are the world's 2782nd most traded product.

In 2018, the top exporters of Sodium chlorate were Canada ($304M), Finland ($60.1M), France ($36.9M), Sweden ($26.6M), and United States ($26.4M).

In 2018, the top importers of Sodium chlorate were United States ($259M), Japan ($53.8M), Russia ($21M), Sweden ($19.8M), and Portugal ($18.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $3.09M

Top Destination Growth (2017 - 2018): Thailand, $6.1M

Between 2017 and 2018, the exports of Sodium chlorate grew the fastest in Italy ($3.09M), Finland ($1.9M), United Kingdom ($1.4M), Austria ($813k), and Uruguay ($707k).

Between 2017 and 2018, the fastest growing importers of Sodium chlorate were Thailand ($6.1M), India ($2.75M), Malaysia ($2.69M), Spain ($2.64M), and Chinese Taipei ($1.87M).

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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 chlorate.

In 2018,  market concentration measured using Shannon Entropy, was 2.17. This means that most of the exports of Sodium chlorate are explained by 4 countries.

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TOP NET EXPORTER (2018): Canada, $301M

TOP NET IMPORTER (2018): United States, $232M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sodium chlorate were Canada ($301M), Finland ($59.9M), France ($33.5M), China ($11.3M), and Uruguay ($8.32M).

In 2018, the countries that had a largest trade value in imports than in exports of Sodium chlorate were United States ($232M), Japan ($53.6M), Russia ($20.9M), Portugal ($18.3M), and Thailand ($11M).

Trade Forecasts

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This section shows forecasts for total trade for Sodium chlorate. 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 chlorate was 4.1%.  The countries with the highest tariffs for importing Sodium chlorate were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%).

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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.