HS Icon Diazo, Azo or Aoxy Compounds

2927 (Harmonized System 1992 for 4-digit)

World Trade (2018): $620M, Rnk 995 / 1225

Top Exporter (2018): $242M, China

Top Importer (2018): $78.5M, South Korea

Product Complexity (2018): 0.87, Rnk 211 / 1018

Export Growth (CAGR)(2017 - 2018): 4.1%, Rnk 993 / 1225

Mean Tariff (2018): 5.99%, Rnk 518 / 1259

Share of World Trade (2018): 0.0034%, Rnk 995 / 1225

Overview: In 2018, Diazo, Azo or Aoxy Compounds were the world's 995th most traded product, with a total trade of $620M. Between 2017 and 2018 the exports of Diazo, Azo or Aoxy Compounds grew by 4.1%, from  $595M to $620M. Trade in Diazo, Azo or Aoxy Compounds represent 0.0034% of total world trade.

Exports: In 2018 the top exporters of Diazo, Azo or Aoxy Compounds  were China ($242M), Indonesia ($71.3M), Japan ($60.5M), South Korea ($53.3M), and India ($47.6M).

Imports: In 2018 the top importers of Diazo, Azo or Aoxy Compounds were South Korea ($78.5M), United States ($64.2M), Chinese Taipei ($49M), Germany ($42.3M), and Japan ($38.1M).

Tariffs: In 2018 the average tariff for Diazo, Azo or Aoxy Compounds was 5.99%, been the 518 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Diazo, Azo or Aoxy Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (11.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Diazo, Azo or Aoxy Compounds ranks 211th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $242M

Top Destination (2018): South Korea, $78.5M

Diazo, Azo or Aoxy Compounds are the world's 995th most traded product.

In 2018, the top exporters of Diazo, Azo or Aoxy Compounds were China ($242M), Indonesia ($71.3M), Japan ($60.5M), South Korea ($53.3M), and India ($47.6M).

In 2018, the top importers of Diazo, Azo or Aoxy Compounds were South Korea ($78.5M), United States ($64.2M), Chinese Taipei ($49M), Germany ($42.3M), and Japan ($38.1M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $13.8M

Top Destination Growth (2017 - 2018): Brazil, $7.66M

Between 2017 and 2018, the exports of Diazo, Azo or Aoxy Compounds grew the fastest in South Korea ($13.8M), India ($12.3M), Mexico ($4.13M), China ($3.32M), and Latvia ($2.82M).

Between 2017 and 2018, the fastest growing importers of Diazo, Azo or Aoxy Compounds were Brazil ($7.66M), India ($7.04M), Chinese Taipei ($4.62M), Indonesia ($4.21M), and Canada ($3.69M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Diazo, Azo or Aoxy Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.16. This means that most of the exports of Diazo, Azo or Aoxy Compounds are explained by 8 countries.

TOP NET EXPORTER (2018): China, $219M

TOP NET IMPORTER (2018): United States, $42.8M

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

In 2018, the countries that had a largest trade value in exports than imports of Diazo, Azo or Aoxy Compounds were China ($219M), Indonesia ($53.2M), India ($28.3M), Japan ($22.4M), and Mexico ($17.5M).

In 2018, the countries that had a largest trade value in imports than exports of Diazo, Azo or Aoxy Compounds were United States ($42.8M), Chinese Taipei ($38.1M), South Korea ($25.2M), Brazil ($22.5M), and Thailand ($19M).

Trade Forecasts

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This section shows forecasts for total trade for Diazo, Azo or Aoxy Compounds. 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 Diazo, Azo or Aoxy Compounds was 5.99%.  The countries with the highest tariffs for importing Diazo, Azo or Aoxy Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (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.