HS Icon Ketones and Quinones

2914 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.5B, Rnk 404 / 1225

Top Exporter (2018): $1.53B, China

Top Importer (2018): $963M, United States

Product Complexity (2018): 1.28, Rnk 87 / 1018

Export Growth (CAGR)(2017 - 2018): 20.9%, Rnk 314 / 1225

Mean Tariff (2018): 3.32%, Rnk 1105 / 1259

Share of World Trade (2018): 0.041%, Rnk 404 / 1225

Overview: In 2018, Ketones and Quinones were the world's 404th most traded product, with a total trade of $7.5B. Between 2017 and 2018 the exports of Ketones and Quinones grew by 20.9%, from  $6.2B to $7.5B. Trade in Ketones and Quinones represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Ketones and Quinones  were China ($1.53B), Belgium-Luxembourg ($671M), Germany ($538M), Spain ($462M), and India ($445M).

Imports: In 2018 the top importers of Ketones and Quinones were United States ($963M), China ($707M), Germany ($697M), Belgium-Luxembourg ($605M), and India ($529M).

Tariffs: In 2018 the average tariff for Ketones and Quinones was 3.32%, been the 1105 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ketones and Quinones are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ketones and Quinones ranks 87th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.53B

Top Destination (2018): United States, $963M

Ketones and Quinones are the world's 404th most traded product.

In 2018, the top exporters of Ketones and Quinones were China ($1.53B), Belgium-Luxembourg ($671M), Germany ($538M), Spain ($462M), and India ($445M).

In 2018, the top importers of Ketones and Quinones were United States ($963M), China ($707M), Germany ($697M), Belgium-Luxembourg ($605M), and India ($529M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $402M

Top Destination Growth (2017 - 2018): United States, $286M

Between 2017 and 2018, the exports of Ketones and Quinones grew the fastest in China ($402M), Belgium-Luxembourg ($208M), India ($138M), Spain ($134M), and Chinese Taipei ($85.9M).

Between 2017 and 2018, the fastest growing importers of Ketones and Quinones were United States ($286M), Germany ($145M), Belgium-Luxembourg ($119M), China ($116M), and India ($84.1M).

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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 Ketones and Quinones.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Ketones and Quinones are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $823M

TOP NET IMPORTER (2018): United States, $546M

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

In 2018, the countries that had a largest trade value in exports than in imports of Ketones and Quinones were China ($823M), Chinese Taipei ($333M), Spain ($240M), South Africa ($209M), and Finland ($147M).

In 2018, the countries that had a largest trade value in imports than in exports of Ketones and Quinones were United States ($546M), Germany ($159M), Switzerland ($144M), Mexico ($123M), and Indonesia ($105M).

Trade Forecasts

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This section shows forecasts for total trade for Ketones and Quinones. 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 Ketones and Quinones was 3.32%.  The countries with the highest tariffs for importing Ketones and Quinones were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%).

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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.