HS Icon Oxygen Amino Compounds

2922 (Harmonized System 1992 for 4-digit)

World Trade (2018): $21.3B, Rnk 176 / 1225

Top Exporter (2018): $6.57B, Singapore

Top Importer (2018): $4.18B, Germany

Product Complexity (2018): 0.54, Rnk 355 / 1018

Export Growth (CAGR)(2017 - 2018): 27.4%, Rnk 196 / 1225

Mean Tariff (2018): 4.42%, Rnk 923 / 1259

Share of World Trade (2018): 0.12%, Rnk 176 / 1225

Overview: In 2018, Oxygen Amino Compounds were the world's 176th most traded product, with a total trade of $21.3B. Between 2017 and 2018 the exports of Oxygen Amino Compounds grew by 27.4%, from  $16.7B to $21.3B. Trade in Oxygen Amino Compounds represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Oxygen Amino Compounds  were Singapore ($6.57B), China ($3.71B), Belgium-Luxembourg ($2.08B), United States ($1.13B), and Germany ($963M).

Imports: In 2018 the top importers of Oxygen Amino Compounds were Germany ($4.18B), United States ($2.87B), Belgium-Luxembourg ($2.84B), Japan ($1.12B), and Panama ($941M).

Tariffs: In 2018 the average tariff for Oxygen Amino Compounds was 4.42%, been the 923 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Oxygen Amino Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Romania (13.5%), and Iran (11.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Oxygen Amino Compounds ranks 355th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Singapore, $6.57B

Top Destination (2018): Germany, $4.18B

Oxygen Amino Compounds are the world's 176th most traded product.

In 2018, the top exporters of Oxygen Amino Compounds were Singapore ($6.57B), China ($3.71B), Belgium-Luxembourg ($2.08B), United States ($1.13B), and Germany ($963M).

In 2018, the top importers of Oxygen Amino Compounds were Germany ($4.18B), United States ($2.87B), Belgium-Luxembourg ($2.84B), Japan ($1.12B), and Panama ($941M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $1.44B

Top Destination Growth (2017 - 2018): United States, $1.63B

Between 2017 and 2018, the exports of Oxygen Amino Compounds grew the fastest in Belgium-Luxembourg ($1.44B), Singapore ($1.25B), United Kingdom ($413M), China ($347M), and Ireland ($283M).

Between 2017 and 2018, the fastest growing importers of Oxygen Amino Compounds were United States ($1.63B), Germany ($811M), Belgium-Luxembourg ($319M), Panama ($257M), and India ($181M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Oxygen Amino Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Oxygen Amino Compounds are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Singapore, $6.45B

TOP NET IMPORTER (2018): Germany, $3.21B

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

In 2018, the countries that had a largest trade value in exports than in imports of Oxygen Amino Compounds were Singapore ($6.45B), China ($3.27B), Ireland ($565M), United Kingdom ($270M), and Indonesia ($268M).

In 2018, the countries that had a largest trade value in imports than in exports of Oxygen Amino Compounds were Germany ($3.21B), United States ($1.74B), Panama ($941M), Japan ($817M), and Belgium-Luxembourg ($761M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Oxygen Amino Compounds. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Oxygen Amino Compounds was 4.42%.  The countries with the highest tariffs for importing Oxygen Amino Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Romania (13.5%), and Iran (11.3%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.