HS Icon Amino-acids nes, esters, salts thereof

292249 (Harmonized System 1992 for 6-digit)

World Trade (2018): $10.5B, Rnk 293 / 4726

Top Exporter (2018): $6.02B, Singapore

Top Importer (2018): $3.45B, Germany

Product Complexity (2018): 1.03, Rnk 734 / 4873

Export Growth (CAGR)(2017 - 2018): 27.7%, Rnk 900 / 4726

Mean Tariff (2018): 5.19%, Rnk 4012 / 6538

Share of World Trade (2018): 0.057%, Rnk 293 / 4726

Overview:  This page contains the latest trade data of Amino-acids nes, esters, salts thereof. In 2018, Amino-acids nes, esters, salts thereof were the world's 293rd most traded product, with a total trade of $10.5B. Between 2017 and 2018 the exports of Amino-acids nes, esters, salts thereof grew by 27.7%, from  $8.23B to $10.5B. Trade in Amino-acids nes, esters, salts thereof represent 0.057% of total world trade.

Exports: In 2018 the top exporters of Amino-acids nes, esters, salts thereof  were Singapore ($6.02B), Belgium-Luxembourg ($1.54B), China ($1.06B), Germany ($298M), and Switzerland ($260M).

Imports: In 2018 the top importers of Amino-acids nes, esters, salts thereof were Germany ($3.45B), Belgium-Luxembourg ($2.27B), United States ($1.1B), Panama ($935M), and Japan ($670M).

Tariffs: In 2018 the average tariff for Amino-acids nes, esters, salts thereof was 5.19%, been the 4012 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Amino-acids nes, esters, salts thereof are Bahamas (40.2%), Bermuda (25%), Iran (22%), Maldives (14.7%), and Romania (14.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Amino-acids nes, esters, salts thereof ranks 734th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Singapore, $6.02B

Top Destination (2018): Germany, $3.45B

Amino-acids nes, esters, salts thereof are the world's 293rd most traded product.

In 2018, the top exporters of Amino-acids nes, esters, salts thereof were Singapore ($6.02B), Belgium-Luxembourg ($1.54B), China ($1.06B), Germany ($298M), and Switzerland ($260M).

In 2018, the top importers of Amino-acids nes, esters, salts thereof were Germany ($3.45B), Belgium-Luxembourg ($2.27B), United States ($1.1B), Panama ($935M), and Japan ($670M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $1.2B

Top Destination Growth (2017 - 2018): Germany, $815M

Between 2017 and 2018, the exports of Amino-acids nes, esters, salts thereof grew the fastest in Belgium-Luxembourg ($1.2B), Singapore ($724M), China ($123M), Switzerland ($50.6M), and Netherlands ($48.9M).

Between 2017 and 2018, the fastest growing importers of Amino-acids nes, esters, salts thereof were Germany ($815M), United States ($754M), Panama ($257M), Japan ($158M), and Netherlands ($66.7M).

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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 Amino-acids nes, esters, salts thereof.

In 2018,  market concentration measured using Shannon Entropy, was 2.33. This means that most of the exports of Amino-acids nes, esters, salts thereof are explained by 5 countries.

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TOP NET EXPORTER (2018): Singapore, $6B

TOP NET IMPORTER (2018): Germany, $3.15B

This map shows which countries export or import more of Amino-acids nes, esters, salts thereof. Each country is colored based on the difference in exports and imports of Amino-acids nes, esters, salts thereof during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Amino-acids nes, esters, salts thereof were Singapore ($6B), China ($987M), Switzerland ($114M), India ($106M), and United Kingdom ($31.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Amino-acids nes, esters, salts thereof were Germany ($3.15B), Panama ($935M), United States ($871M), Belgium-Luxembourg ($726M), and Japan ($556M).

Trade Forecasts

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This section shows forecasts for total trade for Amino-acids nes, esters, salts thereof. 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 Amino-acids nes, esters, salts thereof was 5.19%.  The countries with the highest tariffs for importing Amino-acids nes, esters, salts thereof were Bahamas (40.2%), Bermuda (25%), Iran (22%), Maldives (14.7%), and Romania (14.5%).

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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.