HS Icon Sodium triphosphate

283531 (Harmonized System 1992 for 6-digit)

World Trade (2018): $539M, Rnk 2702 / 4726

Top Exporter (2018): $199M, China

Top Importer (2018): $63.7M, United States

Product Complexity (2018): -0.37, Rnk 3212 / 4873

Export Growth (CAGR)(2017 - 2018): 13.3%, Rnk 2155 / 4726

Mean Tariff (2018): 3.82%, Rnk 5147 / 6538

Share of World Trade (2018): 0.0029%, Rnk 2702 / 4726

Overview:  This page contains the latest trade data of Sodium triphosphate. In 2018, Sodium triphosphate were the world's 2702nd most traded product, with a total trade of $539M. Between 2017 and 2018 the exports of Sodium triphosphate grew by 13.3%, from  $476M to $539M. Trade in Sodium triphosphate represent 0.0029% of total world trade.

Exports: In 2018 the top exporters of Sodium triphosphate  were China ($199M), Belgium-Luxembourg ($78.1M), Russia ($62.1M), Canada ($39.9M), and Tunisia ($28.3M).

Imports: In 2018 the top importers of Sodium triphosphate were United States ($63.7M), India ($59.4M), Peru ($23.8M), Egypt ($18.2M), and Germany ($18M).

Tariffs: In 2018 the average tariff for Sodium triphosphate was 3.82%, been the 5147 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sodium triphosphate are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Indonesia (14.2%), and Slovenia (13.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Sodium triphosphate ranks 3212th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $199M

Top Destination (2018): United States, $63.7M

Sodium triphosphate are the world's 2702nd most traded product.

In 2018, the top exporters of Sodium triphosphate were China ($199M), Belgium-Luxembourg ($78.1M), Russia ($62.1M), Canada ($39.9M), and Tunisia ($28.3M).

In 2018, the top importers of Sodium triphosphate were United States ($63.7M), India ($59.4M), Peru ($23.8M), Egypt ($18.2M), and Germany ($18M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $36.3M

Top Destination Growth (2017 - 2018): India, $12.7M

Between 2017 and 2018, the exports of Sodium triphosphate grew the fastest in China ($36.3M), Russia ($25.5M), Belgium-Luxembourg ($15.3M), Kazakhstan ($8.81M), and Thailand ($6.29M).

Between 2017 and 2018, the fastest growing importers of Sodium triphosphate were India ($12.7M), Vietnam ($9.77M), Peru ($8.35M), Thailand ($6.56M), and Germany ($4.75M).

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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 triphosphate.

In 2018,  market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Sodium triphosphate are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $197M

TOP NET IMPORTER (2018): India, $58.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sodium triphosphate were China ($197M), Belgium-Luxembourg ($75.5M), Russia ($50M), Canada ($33.1M), and Tunisia ($28.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Sodium triphosphate were India ($58.8M), United States ($52.5M), Peru ($23.6M), Egypt ($18M), and Vietnam ($16.2M).

Trade Forecasts

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This section shows forecasts for total trade for Sodium triphosphate. 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 triphosphate was 3.82%.  The countries with the highest tariffs for importing Sodium triphosphate were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Indonesia (14.2%), and Slovenia (13.2%).

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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.