HS Icon Radio-actives nes, their mixtures and compounds

284440 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.72B, Rnk 1475 / 4726

Top Exporter (2018): $401M, Canada

Top Importer (2018): $578M, United States

Product Complexity (2018): 0.2, Rnk 2243 / 4873

Export Growth (CAGR)(2017 - 2018): 131%, Rnk 60 / 4726

Mean Tariff (2018): 2.29%, Rnk 6084 / 6538

Share of World Trade (2018): 0.0094%, Rnk 1475 / 4726

Overview:  This page contains the latest trade data of Radio-actives nes, their mixtures and compounds. In 2018, Radio-actives nes, their mixtures and compounds were the world's 1475th most traded product, with a total trade of $1.72B. Between 2017 and 2018 the exports of Radio-actives nes, their mixtures and compounds grew by 131%, from  $748M to $1.72B. Trade in Radio-actives nes, their mixtures and compounds represent 0.0094% of total world trade.

Exports: In 2018 the top exporters of Radio-actives nes, their mixtures and compounds  were Canada ($401M), Netherlands ($350M), United States ($170M), Belgium-Luxembourg ($135M), and Germany ($116M).

Imports: In 2018 the top importers of Radio-actives nes, their mixtures and compounds were United States ($578M), Japan ($108M), Germany ($106M), United Kingdom ($99.8M), and China ($65.3M).

Tariffs: In 2018 the average tariff for Radio-actives nes, their mixtures and compounds was 2.29%, been the 6084 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Radio-actives nes, their mixtures and compounds 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: Radio-actives nes, their mixtures and compounds ranks 2243rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $401M

Top Destination (2018): United States, $578M

Radio-actives nes, their mixtures and compounds are the world's 1475th most traded product.

In 2018, the top exporters of Radio-actives nes, their mixtures and compounds were Canada ($401M), Netherlands ($350M), United States ($170M), Belgium-Luxembourg ($135M), and Germany ($116M).

In 2018, the top importers of Radio-actives nes, their mixtures and compounds were United States ($578M), Japan ($108M), Germany ($106M), United Kingdom ($99.8M), and China ($65.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $380M

Top Destination Growth (2017 - 2018): United States, $571M

Between 2017 and 2018, the exports of Radio-actives nes, their mixtures and compounds grew the fastest in Canada ($380M), Netherlands ($193M), Germany ($116M), United States ($53.9M), and Belgium-Luxembourg ($52.7M).

Between 2017 and 2018, the fastest growing importers of Radio-actives nes, their mixtures and compounds were United States ($571M), Germany ($106M), United Kingdom ($37M), Italy ($23.7M), and Spain ($16.8M).

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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 Radio-actives nes, their mixtures and compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Radio-actives nes, their mixtures and compounds are explained by 12 countries.

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TOP NET EXPORTER (2018): Canada, $383M

TOP NET IMPORTER (2018): United States, $408M

This map shows which countries export or import more of Radio-actives nes, their mixtures and compounds. Each country is colored based on the difference in exports and imports of Radio-actives nes, their mixtures and compounds during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Radio-actives nes, their mixtures and compounds were Canada ($383M), Netherlands ($318M), Belgium-Luxembourg ($83.4M), Russia ($74.7M), and Norway ($55.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Radio-actives nes, their mixtures and compounds were United States ($408M), Japan ($90.6M), Italy ($54.9M), China ($50.7M), and Spain ($39.4M).

Trade Forecasts

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This section shows forecasts for total trade for Radio-actives nes, their mixtures and compounds. 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 Radio-actives nes, their mixtures and compounds was 2.29%.  The countries with the highest tariffs for importing Radio-actives nes, their mixtures and compounds 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.