HS Icon Oxometallic or Peroxometallic Acid Salts

2841 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.07B, Rnk 564 / 1225

Top Exporter (2018): $1.2B, Japan

Top Importer (2018): $1.03B, China

Product Complexity (2018): -0.42, Rnk 672 / 1018

Export Growth (CAGR)(2017 - 2018): 55.8%, Rnk 56 / 1225

Mean Tariff (2018): 3.16%, Rnk 1119 / 1259

Share of World Trade (2018): 0.022%, Rnk 564 / 1225

Overview: In 2018, Oxometallic or Peroxometallic Acid Salts were the world's 564th most traded product, with a total trade of $4.07B. Between 2017 and 2018 the exports of Oxometallic or Peroxometallic Acid Salts grew by 55.8%, from  $2.61B to $4.07B. Trade in Oxometallic or Peroxometallic Acid Salts represent 0.022% of total world trade.

Exports: In 2018 the top exporters of Oxometallic or Peroxometallic Acid Salts  were Japan ($1.2B), South Korea ($1.04B), China ($1.02B), United States ($112M), and Germany ($85.8M).

Imports: In 2018 the top importers of Oxometallic or Peroxometallic Acid Salts were China ($1.03B), South Korea ($903M), United States ($689M), Japan ($386M), and Netherlands ($166M).

Tariffs: In 2018 the average tariff for Oxometallic or Peroxometallic Acid Salts was 3.16%, been the 1119 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Oxometallic or Peroxometallic Acid Salts are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.5%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Oxometallic or Peroxometallic Acid Salts ranks 672nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $1.2B

Top Destination (2018): China, $1.03B

Oxometallic or Peroxometallic Acid Salts are the world's 564th most traded product.

In 2018, the top exporters of Oxometallic or Peroxometallic Acid Salts were Japan ($1.2B), South Korea ($1.04B), China ($1.02B), United States ($112M), and Germany ($85.8M).

In 2018, the top importers of Oxometallic or Peroxometallic Acid Salts were China ($1.03B), South Korea ($903M), United States ($689M), Japan ($386M), and Netherlands ($166M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $915M

Top Destination Growth (2017 - 2018): China, $565M

Between 2017 and 2018, the exports of Oxometallic or Peroxometallic Acid Salts grew the fastest in Japan ($915M), South Korea ($291M), China ($80.9M), Germany ($32.8M), and Vietnam ($22.1M).

Between 2017 and 2018, the fastest growing importers of Oxometallic or Peroxometallic Acid Salts were China ($565M), United States ($488M), South Korea ($300M), Netherlands ($52.6M), and Poland ($17.7M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Oxometallic or Peroxometallic Acid Salts.

In 2018,  market concentration measured using Shannon Entropy, was 2.84. This means that most of the exports of Oxometallic or Peroxometallic Acid Salts are explained by 7 countries.

TOP NET EXPORTER (2018): Japan, $817M

TOP NET IMPORTER (2018): United States, $577M

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

In 2018, the countries that had a largest trade value in exports than imports of Oxometallic or Peroxometallic Acid Salts were Japan ($817M), South Korea ($141M), Kazakhstan ($69.5M), South Africa ($47.1M), and Vietnam ($39.5M).

In 2018, the countries that had a largest trade value in imports than exports of Oxometallic or Peroxometallic Acid Salts were United States ($577M), Netherlands ($122M), Malaysia ($96.8M), France ($50.5M), and Germany ($38.3M).

Trade Forecasts

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This section shows forecasts for total trade for Oxometallic or Peroxometallic Acid Salts. 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 Oxometallic or Peroxometallic Acid Salts was 3.16%.  The countries with the highest tariffs for importing Oxometallic or Peroxometallic Acid Salts were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.5%), 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.