HS Icon Lithium carbonates

283691 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.74B, Rnk 1467 / 4726

Top Exporter (2018): $1B, Chile

Top Importer (2018): $464M, South Korea

Product Complexity (2018): -1.02, Rnk 4036 / 4873

Export Growth (CAGR)(2017 - 2018): 53.3%, Rnk 296 / 4726

Mean Tariff (2018): 4.43%, Rnk 4589 / 6538

Share of World Trade (2018): 0.0095%, Rnk 1467 / 4726

Overview:  This page contains the latest trade data of Lithium carbonates. In 2018, Lithium carbonates were the world's 1467th most traded product, with a total trade of $1.74B. Between 2017 and 2018 the exports of Lithium carbonates grew by 53.3%, from  $1.14B to $1.74B. Trade in Lithium carbonates represent 0.0095% of total world trade.

Exports: In 2018 the top exporters of Lithium carbonates  were Chile ($1B), Argentina ($356M), China ($155M), Belgium-Luxembourg ($90.6M), and Germany ($46.2M).

Imports: In 2018 the top importers of Lithium carbonates were South Korea ($464M), China ($323M), Japan ($316M), Belgium-Luxembourg ($150M), and United States ($126M).

Tariffs: In 2018 the average tariff for Lithium carbonates was 4.43%, been the 4589 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Lithium carbonates are Bahamas (40.2%), Iran (25%), Bermuda (25%), 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: Lithium carbonates ranks 4036th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chile, $1B

Top Destination (2018): South Korea, $464M

Lithium carbonates are the world's 1467th most traded product.

In 2018, the top exporters of Lithium carbonates were Chile ($1B), Argentina ($356M), China ($155M), Belgium-Luxembourg ($90.6M), and Germany ($46.2M).

In 2018, the top importers of Lithium carbonates were South Korea ($464M), China ($323M), Japan ($316M), Belgium-Luxembourg ($150M), and United States ($126M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chile, $292M

Top Destination Growth (2017 - 2018): South Korea, $238M

Between 2017 and 2018, the exports of Lithium carbonates grew the fastest in Chile ($292M), Argentina ($138M), China ($122M), Belgium-Luxembourg ($35.1M), and Germany ($13.2M).

Between 2017 and 2018, the fastest growing importers of Lithium carbonates were South Korea ($238M), Japan ($70.1M), China ($54.7M), Belgium-Luxembourg ($51.4M), and United States ($48M).

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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 Lithium carbonates.

In 2018,  market concentration measured using Shannon Entropy, was 1.99. This means that most of the exports of Lithium carbonates are explained by 3 countries.

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TOP NET EXPORTER (2018): Chile, $1B

TOP NET IMPORTER (2018): South Korea, $445M

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

In 2018, the countries that had a largest trade value in exports than in imports of Lithium carbonates were Chile ($1B), Argentina ($354M), Slovenia ($2.93M), Bolivia ($561k), and Ireland ($203k).

In 2018, the countries that had a largest trade value in imports than in exports of Lithium carbonates were South Korea ($445M), Japan ($314M), China ($168M), United States ($105M), and Russia ($94M).

Trade Forecasts

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This section shows forecasts for total trade for Lithium 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 Lithium carbonates was 4.43%.  The countries with the highest tariffs for importing Lithium carbonates were Bahamas (40.2%), Iran (25%), Bermuda (25%), 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.