HS Icon Radioactive Chemicals

2844 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10B, Rnk 326 / 1225

Top Exporter (2018): $1.67B, Russia

Top Importer (2018): $2.56B, United States

Product Complexity (2018): -0.55, Rnk 711 / 1018

Export Growth (CAGR)(2017 - 2018): 2.5%, Rnk 1024 / 1225

Mean Tariff (2018): 2.46%, Rnk 1183 / 1259

Share of World Trade (2018): 0.054%, Rnk 326 / 1225

Overview:  This page contains the latest trade data of Radioactive Chemicals. In 2018, Radioactive Chemicals were the world's 326th most traded product, with a total trade of $10B. Between 2017 and 2018 the exports of Radioactive Chemicals grew by 2.5%, from  $9.77B to $10B. Trade in Radioactive Chemicals represent 0.054% of total world trade.

Exports: In 2018 the top exporters of Radioactive Chemicals  were Russia ($1.67B), Kazakhstan ($1.41B), Canada ($1.38B), Netherlands ($1.06B), and France ($774M).

Imports: In 2018 the top importers of Radioactive Chemicals were United States ($2.56B), China ($1.41B), Germany ($805M), United Kingdom ($679M), and South Korea ($655M).

Tariffs: In 2018 the average tariff for Radioactive Chemicals was 2.46%, been the 1183 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Radioactive Chemicals are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Radioactive Chemicals ranks 711th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $1.67B

Top Destination (2018): United States, $2.56B

Radioactive Chemicals are the world's 326th most traded product.

In 2018, the top exporters of Radioactive Chemicals were Russia ($1.67B), Kazakhstan ($1.41B), Canada ($1.38B), Netherlands ($1.06B), and France ($774M).

In 2018, the top importers of Radioactive Chemicals were United States ($2.56B), China ($1.41B), Germany ($805M), United Kingdom ($679M), and South Korea ($655M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $449M

Top Destination Growth (2017 - 2018): United States, $468M

Between 2017 and 2018, the exports of Radioactive Chemicals grew the fastest in Canada ($449M), Netherlands ($371M), Russia ($200M), South Africa ($153M), and China ($60.8M).

Between 2017 and 2018, the fastest growing importers of Radioactive Chemicals were United States ($468M), United Kingdom ($256M), Sweden ($231M), Germany ($124M), and Russia ($77.6M).

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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 Radioactive Chemicals.

In 2018,  market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Radioactive Chemicals are explained by 12 countries.

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TOP NET EXPORTER (2018): Kazakhstan, $1.3B

TOP NET IMPORTER (2018): United States, $1.97B

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

In 2018, the countries that had a largest trade value in exports than in imports of Radioactive Chemicals were Kazakhstan ($1.3B), Russia ($1.15B), Canada ($1.09B), Netherlands ($753M), and France ($407M).

In 2018, the countries that had a largest trade value in imports than in exports of Radioactive Chemicals were United States ($1.97B), China ($1.13B), South Korea ($642M), Sweden ($546M), and Japan ($342M).

Trade Forecasts

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This section shows forecasts for total trade for Radioactive Chemicals. 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 Radioactive Chemicals was 2.46%.  The countries with the highest tariffs for importing Radioactive Chemicals were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), 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.