HS Icon Polycarboxylic Acids

2917 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.8B, Rnk 231 / 1225

Top Exporter (2018): $2.9B, South Korea

Top Importer (2018): $1.45B, China

Product Complexity (2018): 0.52, Rnk 363 / 1018

Export Growth (CAGR)(2017 - 2018): 21%, Rnk 311 / 1225

Mean Tariff (2018): 4.9%, Rnk 836 / 1259

Share of World Trade (2018): 0.086%, Rnk 231 / 1225

Overview: In 2018, Polycarboxylic Acids were the world's 231st most traded product, with a total trade of $15.8B. Between 2017 and 2018 the exports of Polycarboxylic Acids grew by 21%, from  $13.1B to $15.8B. Trade in Polycarboxylic Acids represent 0.086% of total world trade.

Exports: In 2018 the top exporters of Polycarboxylic Acids  were South Korea ($2.9B), China ($2.56B), Chinese Taipei ($1.43B), Germany ($1.05B), and Belgium-Luxembourg ($962M).

Imports: In 2018 the top importers of Polycarboxylic Acids were China ($1.45B), United States ($1.4B), Germany ($1.13B), India ($1.11B), and Turkey ($779M).

Tariffs: In 2018 the average tariff for Polycarboxylic Acids was 4.9%, been the 836 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Polycarboxylic Acids are Bahamas (40.2%), Bermuda (25%), Bangladesh (15.7%), Maldives (14.7%), and Algeria (11.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Polycarboxylic Acids ranks 363rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $2.9B

Top Destination (2018): China, $1.45B

Polycarboxylic Acids are the world's 231st most traded product.

In 2018, the top exporters of Polycarboxylic Acids were South Korea ($2.9B), China ($2.56B), Chinese Taipei ($1.43B), Germany ($1.05B), and Belgium-Luxembourg ($962M).

In 2018, the top importers of Polycarboxylic Acids were China ($1.45B), United States ($1.4B), Germany ($1.13B), India ($1.11B), and Turkey ($779M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $639M

Top Destination Growth (2017 - 2018): Vietnam, $399M

Between 2017 and 2018, the exports of Polycarboxylic Acids grew the fastest in China ($639M), Chinese Taipei ($594M), Thailand ($497M), Portugal ($234M), and South Korea ($213M).

Between 2017 and 2018, the fastest growing importers of Polycarboxylic Acids were Vietnam ($399M), India ($331M), Oman ($189M), Turkey ($187M), and Pakistan ($176M).

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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 Polycarboxylic Acids.

In 2018,  market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Polycarboxylic Acids are explained by 16 countries.

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TOP NET EXPORTER (2018): South Korea, $2.61B

TOP NET IMPORTER (2018): India, $787M

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

In 2018, the countries that had a largest trade value in exports than in imports of Polycarboxylic Acids were South Korea ($2.61B), Chinese Taipei ($1.2B), China ($1.11B), Thailand ($720M), and Belgium-Luxembourg ($552M).

In 2018, the countries that had a largest trade value in imports than in exports of Polycarboxylic Acids were India ($787M), Turkey ($704M), United States ($569M), Vietnam ($476M), and Oman ($448M).

Trade Forecasts

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This section shows forecasts for total trade for Polycarboxylic Acids. 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 Polycarboxylic Acids was 4.9%.  The countries with the highest tariffs for importing Polycarboxylic Acids were Bahamas (40.2%), Bermuda (25%), Bangladesh (15.7%), Maldives (14.7%), and Algeria (11.8%).

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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.