Overview: This page contains the latest trade data of Borates. In 2018, Borates were the world's 902nd most traded product, with a total trade of $1.02B. Between 2017 and 2018 the exports of Borates grew by 23.4%, from $825M to $1.02B. Trade in Borates represent 0.0055% of total world trade.
Exports: In 2018 the top exporters of Borates were Turkey ($465M), United States ($332M), China ($37.7M), Malaysia ($23.1M), and Belgium-Luxembourg ($17.9M).
Imports: In 2018 the top importers of Borates were China ($355M), United States ($64M), India ($47M), Indonesia ($46.7M), and Germany ($41.1M).
Tariffs: In 2018 the average tariff for Borates was 3.05%, been the 1131 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Borates are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Aruba (12%), and Ethiopia (9.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Borates ranks 548th in the Product Complexity Index (PCI).