HS Icon Terephthalic acid, its salts

291736 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.2B, Rnk 528 / 4726

Top Exporter (2018): $1.31B, South Korea

Top Importer (2018): $617M, United States

Product Complexity (2018): 0.31, Rnk 2048 / 4873

Export Growth (CAGR)(2017 - 2018): 49.3%, Rnk 346 / 4726

Mean Tariff (2018): 4.84%, Rnk 4257 / 6538

Share of World Trade (2018): 0.034%, Rnk 528 / 4726

Overview:  This page contains the latest trade data of Terephthalic acid, its salts. In 2018, Terephthalic acid, its salts were the world's 528th most traded product, with a total trade of $6.2B. Between 2017 and 2018 the exports of Terephthalic acid, its salts grew by 49.3%, from  $4.15B to $6.2B. Trade in Terephthalic acid, its salts represent 0.034% of total world trade.

Exports: In 2018 the top exporters of Terephthalic acid, its salts  were South Korea ($1.31B), Thailand ($829M), Chinese Taipei ($697M), Belgium-Luxembourg ($696M), and China ($694M).

Imports: In 2018 the top importers of Terephthalic acid, its salts were United States ($617M), Turkey ($576M), China ($540M), Germany ($511M), and India ($490M).

Tariffs: In 2018 the average tariff for Terephthalic acid, its salts was 4.84%, been the 4257 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Terephthalic acid, its salts are Bahamas (40.2%), Bermuda (25%), Romania (16.5%), Maldives (14.7%), and Bangladesh (12.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Terephthalic acid, its salts ranks 2048th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $1.31B

Top Destination (2018): United States, $617M

Terephthalic acid, its salts are the world's 528th most traded product.

In 2018, the top exporters of Terephthalic acid, its salts were South Korea ($1.31B), Thailand ($829M), Chinese Taipei ($697M), Belgium-Luxembourg ($696M), and China ($694M).

In 2018, the top importers of Terephthalic acid, its salts were United States ($617M), Turkey ($576M), China ($540M), Germany ($511M), and India ($490M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $599M

Top Destination Growth (2017 - 2018): Vietnam, $349M

Between 2017 and 2018, the exports of Terephthalic acid, its salts grew the fastest in Chinese Taipei ($599M), Thailand ($490M), China ($367M), Portugal ($222M), and South Korea ($162M).

Between 2017 and 2018, the fastest growing importers of Terephthalic acid, its salts were Vietnam ($349M), China ($247M), India ($208M), Turkey ($199M), and Oman ($190M).

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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 Terephthalic acid, its salts.

In 2018,  market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Terephthalic acid, its salts are explained by 11 countries.

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TOP NET EXPORTER (2018): South Korea, $1.3B

TOP NET IMPORTER (2018): Turkey, $569M

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

In 2018, the countries that had a largest trade value in exports than in imports of Terephthalic acid, its salts were South Korea ($1.3B), Thailand ($829M), Chinese Taipei ($693M), Belgium-Luxembourg ($683M), and Mexico ($424M).

In 2018, the countries that had a largest trade value in imports than in exports of Terephthalic acid, its salts were Turkey ($569M), United States ($535M), Germany ($510M), India ($404M), and Lithuania ($362M).

Trade Forecasts

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This section shows forecasts for total trade for Terephthalic acid, its salts. 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 Terephthalic acid, its salts was 4.84%.  The countries with the highest tariffs for importing Terephthalic acid, its salts were Bahamas (40.2%), Bermuda (25%), Romania (16.5%), Maldives (14.7%), and Bangladesh (12.3%).

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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.