HS Icon Carbides

2849 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.56B, Rnk 668 / 1225

Top Exporter (2018): $761M, China

Top Importer (2018): $373M, Germany

Product Complexity (2018): -0.019, Rnk 556 / 1018

Export Growth (CAGR)(2017 - 2018): 29.2%, Rnk 181 / 1225

Mean Tariff (2018): 4.84%, Rnk 846 / 1259

Share of World Trade (2018): 0.014%, Rnk 668 / 1225

Overview:  This page contains the latest trade data of Carbides. In 2018, Carbides were the world's 668th most traded product, with a total trade of $2.56B. Between 2017 and 2018 the exports of Carbides grew by 29.2%, from  $1.98B to $2.56B. Trade in Carbides represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Carbides  were China ($761M), Austria ($352M), South Africa ($217M), Germany ($150M), and United States ($113M).

Imports: In 2018 the top importers of Carbides were Germany ($373M), United States ($355M), Japan ($308M), South Korea ($168M), and Sweden ($154M).

Tariffs: In 2018 the average tariff for Carbides was 4.84%, been the 846 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Carbides are Bahamas (40.2%), Bermuda (25%), Iran (15.8%), Maldives (14.7%), and Romania (14.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Carbides ranks 556th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $761M

Top Destination (2018): Germany, $373M

Carbides are the world's 668th most traded product.

In 2018, the top exporters of Carbides were China ($761M), Austria ($352M), South Africa ($217M), Germany ($150M), and United States ($113M).

In 2018, the top importers of Carbides were Germany ($373M), United States ($355M), Japan ($308M), South Korea ($168M), and Sweden ($154M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $154M

Top Destination Growth (2017 - 2018): United States, $124M

Between 2017 and 2018, the exports of Carbides grew the fastest in China ($154M), South Africa ($114M), Austria ($69.8M), Germany ($32.6M), and Brazil ($26M).

Between 2017 and 2018, the fastest growing importers of Carbides were United States ($124M), Germany ($111M), Japan ($99.8M), South Korea ($42.6M), and Netherlands ($35.7M).

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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 Carbides.

In 2018,  market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Carbides are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $744M

TOP NET IMPORTER (2018): Japan, $257M

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

In 2018, the countries that had a largest trade value in exports than in imports of Carbides were China ($744M), Austria ($279M), South Africa ($210M), Norway ($87.2M), and Brazil ($47.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Carbides were Japan ($257M), United States ($241M), Germany ($224M), South Korea ($133M), and Sweden ($110M).

Trade Forecasts

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This section shows forecasts for total trade for Carbides. 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 Carbides was 4.84%.  The countries with the highest tariffs for importing Carbides were Bahamas (40.2%), Bermuda (25%), Iran (15.8%), Maldives (14.7%), and Romania (14.3%).

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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.