HS Icon Carbonates

2836 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.44B, Rnk 373 / 1225

Top Exporter (2018): $1.68B, United States

Top Importer (2018): $729M, South Korea

Product Complexity (2018): -0.44, Rnk 680 / 1018

Export Growth (CAGR)(2017 - 2018): 21.7%, Rnk 299 / 1225

Mean Tariff (2018): 4.16%, Rnk 964 / 1259

Share of World Trade (2018): 0.046%, Rnk 373 / 1225

Overview: In 2018, Carbonates were the world's 373rd most traded product, with a total trade of $8.44B. Between 2017 and 2018 the exports of Carbonates grew by 21.7%, from  $6.93B to $8.44B. Trade in Carbonates represent 0.046% of total world trade.

Exports: In 2018 the top exporters of Carbonates  were United States ($1.68B), China ($1.07B), Chile ($1.01B), Turkey ($740M), and Germany ($583M).

Imports: In 2018 the top importers of Carbonates were South Korea ($729M), Japan ($486M), China ($447M), India ($369M), and Belgium-Luxembourg ($357M).

Tariffs: In 2018 the average tariff for Carbonates was 4.16%, been the 964 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Carbonates are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.4%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Carbonates ranks 680th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.68B

Top Destination (2018): South Korea, $729M

Carbonates are the world's 373rd most traded product.

In 2018, the top exporters of Carbonates were United States ($1.68B), China ($1.07B), Chile ($1.01B), Turkey ($740M), and Germany ($583M).

In 2018, the top importers of Carbonates were South Korea ($729M), Japan ($486M), China ($447M), India ($369M), and Belgium-Luxembourg ($357M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Turkey, $300M

Top Destination Growth (2017 - 2018): South Korea, $275M

Between 2017 and 2018, the exports of Carbonates grew the fastest in Turkey ($300M), Chile ($291M), China ($177M), United States ($157M), and Argentina ($138M).

Between 2017 and 2018, the fastest growing importers of Carbonates were South Korea ($275M), China ($118M), Japan ($100M), France ($77.8M), and India ($76M).

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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 Carbonates.

In 2018,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Carbonates are explained by 19 countries.

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TOP NET EXPORTER (2018): United States, $1.36B

TOP NET IMPORTER (2018): South Korea, $623M

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

In 2018, the countries that had a largest trade value in exports than in imports of Carbonates were United States ($1.36B), Chile ($893M), Turkey ($671M), China ($621M), and Germany ($306M).

In 2018, the countries that had a largest trade value in imports than in exports of Carbonates were South Korea ($623M), Japan ($419M), Mexico ($324M), India ($303M), and Brazil ($301M).

Trade Forecasts

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This section shows forecasts for total trade for Carbonates. 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 Carbonates was 4.16%.  The countries with the highest tariffs for importing Carbonates were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.4%), and Aruba (12%).

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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.