HS Icon Sulfates

2833 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.6B, Rnk 530 / 1225

Top Exporter (2018): $1.21B, China

Top Importer (2018): $486M, Japan

Product Complexity (2018): -0.3, Rnk 637 / 1018

Export Growth (CAGR)(2017 - 2018): 24.7%, Rnk 239 / 1225

Mean Tariff (2018): 4.43%, Rnk 921 / 1259

Share of World Trade (2018): 0.025%, Rnk 530 / 1225

Overview:  This page contains the latest trade data of Sulfates. In 2018, Sulfates were the world's 530th most traded product, with a total trade of $4.6B. Between 2017 and 2018 the exports of Sulfates grew by 24.7%, from  $3.69B to $4.6B. Trade in Sulfates represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Sulfates  were China ($1.21B), Germany ($379M), Chinese Taipei ($366M), South Africa ($295M), and Finland ($221M).

Imports: In 2018 the top importers of Sulfates were Japan ($486M), United States ($393M), Belgium-Luxembourg ($372M), South Korea ($270M), and Brazil ($166M).

Tariffs: In 2018 the average tariff for Sulfates was 4.43%, been the 921 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sulfates are Bahamas (40.3%), Bermuda (25%), Nepal (14.8%), Maldives (14.7%), and Romania (13.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Sulfates ranks 637th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.21B

Top Destination (2018): Japan, $486M

Sulfates are the world's 530th most traded product.

In 2018, the top exporters of Sulfates were China ($1.21B), Germany ($379M), Chinese Taipei ($366M), South Africa ($295M), and Finland ($221M).

In 2018, the top importers of Sulfates were Japan ($486M), United States ($393M), Belgium-Luxembourg ($372M), South Korea ($270M), and Brazil ($166M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $289M

Top Destination Growth (2017 - 2018): Japan, $201M

Between 2017 and 2018, the exports of Sulfates grew the fastest in China ($289M), Chinese Taipei ($109M), South Africa ($88.2M), Finland ($64.4M), and Netherlands ($63.3M).

Between 2017 and 2018, the fastest growing importers of Sulfates were Japan ($201M), Belgium-Luxembourg ($108M), Australia ($60.5M), Brazil ($37.7M), and Canada ($36.9M).

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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 Sulfates.

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Sulfates are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $1.12B

TOP NET IMPORTER (2018): Japan, $389M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sulfates were China ($1.12B), Chinese Taipei ($303M), South Africa ($261M), Germany ($248M), and Finland ($178M).

In 2018, the countries that had a largest trade value in imports than in exports of Sulfates were Japan ($389M), South Korea ($238M), Belgium-Luxembourg ($201M), United States ($197M), and Brazil ($141M).

Trade Forecasts

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This section shows forecasts for total trade for Sulfates. 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 Sulfates was 4.43%.  The countries with the highest tariffs for importing Sulfates were Bahamas (40.3%), Bermuda (25%), Nepal (14.8%), Maldives (14.7%), and Romania (13.6%).

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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.