HS Icon Phosphoric Esters and Salts

2919 (Harmonized System 1992 for 4-digit)

World Trade (2018): $935M, Rnk 926 / 1225

Top Exporter (2018): $464M, China

Top Importer (2018): $120M, United States

Product Complexity (2018): 1.54, Rnk 43 / 1018

Export Growth (CAGR)(2017 - 2018): 10.5%, Rnk 744 / 1225

Mean Tariff (2018): 3.63%, Rnk 1061 / 1259

Share of World Trade (2018): 0.0051%, Rnk 926 / 1225

Overview: In 2018, Phosphoric Esters and Salts were the world's 926th most traded product, with a total trade of $935M. Between 2017 and 2018 the exports of Phosphoric Esters and Salts grew by 10.5%, from  $846M to $935M. Trade in Phosphoric Esters and Salts represent 0.0051% of total world trade.

Exports: In 2018 the top exporters of Phosphoric Esters and Salts  were China ($464M), Germany ($137M), Japan ($67.6M), United States ($58.8M), and Netherlands ($51.9M).

Imports: In 2018 the top importers of Phosphoric Esters and Salts were United States ($120M), Netherlands ($96.9M), South Korea ($92.5M), Germany ($60.3M), and Italy ($41.9M).

Tariffs: In 2018 the average tariff for Phosphoric Esters and Salts was 3.63%, been the 1061 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Phosphoric Esters and Salts are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), and Ethiopia (9.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Phosphoric Esters and Salts ranks 43rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $464M

Top Destination (2018): United States, $120M

Phosphoric Esters and Salts are the world's 926th most traded product.

In 2018, the top exporters of Phosphoric Esters and Salts were China ($464M), Germany ($137M), Japan ($67.6M), United States ($58.8M), and Netherlands ($51.9M).

In 2018, the top importers of Phosphoric Esters and Salts were United States ($120M), Netherlands ($96.9M), South Korea ($92.5M), Germany ($60.3M), and Italy ($41.9M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $48.7M

Top Destination Growth (2017 - 2018): Netherlands, $14.6M

Between 2017 and 2018, the exports of Phosphoric Esters and Salts grew the fastest in China ($48.7M), Germany ($16.8M), Chinese Taipei ($9.14M), Italy ($6.91M), and United States ($6.55M).

Between 2017 and 2018, the fastest growing importers of Phosphoric Esters and Salts were Netherlands ($14.6M), South Korea ($13.4M), United States ($12.7M), Brazil ($9.82M), and Vietnam ($9.31M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Phosphoric Esters and Salts.

In 2018,  market concentration measured using Shannon Entropy, was 2.75. This means that most of the exports of Phosphoric Esters and Salts are explained by 6 countries.

TOP NET EXPORTER (2018): China, $428M

TOP NET IMPORTER (2018): South Korea, $86.6M

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

In 2018, the countries that had a largest trade value in exports than imports of Phosphoric Esters and Salts were China ($428M), Germany ($76.8M), Japan ($42.4M), Switzerland ($5.43M), and Hong Kong ($2.88M).

In 2018, the countries that had a largest trade value in imports than exports of Phosphoric Esters and Salts were South Korea ($86.6M), United States ($61.2M), Netherlands ($45M), Canada ($28.9M), and Italy ($23.8M).

Trade Forecasts

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This section shows forecasts for total trade for Phosphoric Esters and 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 Phosphoric Esters and Salts was 3.63%.  The countries with the highest tariffs for importing Phosphoric Esters and Salts were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), 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.