HS Icon Buta-1, 3-diene and isoprene

290124 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.26B, Rnk 929 / 4726

Top Exporter (2018): $592M, Netherlands

Top Importer (2018): $522M, South Korea

Product Complexity (2018): 0.62, Rnk 1428 / 4873

Export Growth (CAGR)(2017 - 2018): -3.94%, Rnk 4094 / 4726

Mean Tariff (2018): 2.68%, Rnk 5883 / 6538

Share of World Trade (2018): 0.018%, Rnk 929 / 4726

Overview:  This page contains the latest trade data of Buta-1, 3-diene and isoprene. In 2018, Buta-1, 3-diene and isoprene were the world's 929th most traded product, with a total trade of $3.26B. Between 2017 and 2018 the exports of Buta-1, 3-diene and isoprene decreased by -3.94%, from  $3.39B to $3.26B. Trade in Buta-1, 3-diene and isoprene represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Buta-1, 3-diene and isoprene  were Netherlands ($592M), Germany ($309M), South Korea ($289M), Belgium-Luxembourg ($269M), and Singapore ($232M).

Imports: In 2018 the top importers of Buta-1, 3-diene and isoprene were South Korea ($522M), United States ($421M), France ($386M), China ($358M), and Malaysia ($211M).

Tariffs: In 2018 the average tariff for Buta-1, 3-diene and isoprene was 2.68%, been the 5883 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Buta-1, 3-diene and isoprene are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Buta-1, 3-diene and isoprene ranks 1428th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $592M

Top Destination (2018): South Korea, $522M

Buta-1, 3-diene and isoprene are the world's 929th most traded product.

In 2018, the top exporters of Buta-1, 3-diene and isoprene were Netherlands ($592M), Germany ($309M), South Korea ($289M), Belgium-Luxembourg ($269M), and Singapore ($232M).

In 2018, the top importers of Buta-1, 3-diene and isoprene were South Korea ($522M), United States ($421M), France ($386M), China ($358M), and Malaysia ($211M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $51.3M

Top Destination Growth (2017 - 2018): Chinese Taipei, $126M

Between 2017 and 2018, the exports of Buta-1, 3-diene and isoprene grew the fastest in Netherlands ($51.3M), Italy ($24.8M), Malaysia ($20.9M), Belgium-Luxembourg ($20.4M), and China ($19.6M).

Between 2017 and 2018, the fastest growing importers of Buta-1, 3-diene and isoprene were Chinese Taipei ($126M), United States ($70M), Belgium-Luxembourg ($43.6M), Japan ($40.8M), and Spain ($17.5M).

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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 Buta-1, 3-diene and isoprene.

In 2018,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Buta-1, 3-diene and isoprene are explained by 17 countries.

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TOP NET EXPORTER (2018): Netherlands, $437M

TOP NET IMPORTER (2018): United States, $365M

This map shows which countries export or import more of Buta-1, 3-diene and isoprene. Each country is colored based on the difference in exports and imports of Buta-1, 3-diene and isoprene during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Buta-1, 3-diene and isoprene were Netherlands ($437M), Brazil ($224M), Singapore ($207M), Germany ($200M), and India ($159M).

In 2018, the countries that had a largest trade value in imports than in exports of Buta-1, 3-diene and isoprene were United States ($365M), France ($358M), China ($278M), South Korea ($233M), and Malaysia ($167M).

Trade Forecasts

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This section shows forecasts for total trade for Buta-1, 3-diene and isoprene. 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 Buta-1, 3-diene and isoprene was 2.68%.  The countries with the highest tariffs for importing Buta-1, 3-diene and isoprene were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Nepal (9.89%).

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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.