HS Icon Other Nitrogen Compounds

2929 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.02B, Rnk 386 / 1225

Top Exporter (2018): $1.34B, South Korea

Top Importer (2018): $748M, China

Product Complexity (2018): 0.93, Rnk 198 / 1018

Export Growth (CAGR)(2017 - 2018): 17.4%, Rnk 408 / 1225

Mean Tariff (2018): 4.06%, Rnk 982 / 1259

Share of World Trade (2018): 0.044%, Rnk 386 / 1225

Overview:  This page contains the latest trade data of Other Nitrogen Compounds. In 2018, Other Nitrogen Compounds were the world's 386th most traded product, with a total trade of $8.02B. Between 2017 and 2018 the exports of Other Nitrogen Compounds grew by 17.4%, from  $6.83B to $8.02B. Trade in Other Nitrogen Compounds represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Other Nitrogen Compounds  were South Korea ($1.34B), Germany ($1.28B), China ($1.04B), Hungary ($927M), and United States ($680M).

Imports: In 2018 the top importers of Other Nitrogen Compounds were China ($748M), Italy ($445M), Germany ($407M), Brazil ($395M), and India ($373M).

Tariffs: In 2018 the average tariff for Other Nitrogen Compounds was 4.06%, been the 982 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Nitrogen Compounds are Bahamas (40.2%), Bermuda (25%), Bangladesh (17.2%), Romania (17.2%), and Maldives (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Other Nitrogen Compounds ranks 198th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $1.34B

Top Destination (2018): China, $748M

Other Nitrogen Compounds are the world's 386th most traded product.

In 2018, the top exporters of Other Nitrogen Compounds were South Korea ($1.34B), Germany ($1.28B), China ($1.04B), Hungary ($927M), and United States ($680M).

In 2018, the top importers of Other Nitrogen Compounds were China ($748M), Italy ($445M), Germany ($407M), Brazil ($395M), and India ($373M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $509M

Top Destination Growth (2017 - 2018): China, $217M

Between 2017 and 2018, the exports of Other Nitrogen Compounds grew the fastest in Saudi Arabia ($509M), Belgium-Luxembourg ($172M), China ($122M), United States ($83.3M), and Hungary ($69M).

Between 2017 and 2018, the fastest growing importers of Other Nitrogen Compounds were China ($217M), Brazil ($105M), United States ($96M), Germany ($74M), and United Arab Emirates ($67.6M).

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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 Other Nitrogen Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Other Nitrogen Compounds are explained by 12 countries.

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TOP NET EXPORTER (2018): South Korea, $1.17B

TOP NET IMPORTER (2018): Italy, $416M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Nitrogen Compounds were South Korea ($1.17B), Hungary ($900M), Germany ($870M), Japan ($510M), and Saudi Arabia ($463M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Nitrogen Compounds were Italy ($416M), Brazil ($391M), Turkey ($285M), India ($256M), and Poland ($222M).

Trade Forecasts

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This section shows forecasts for total trade for Other Nitrogen 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 Other Nitrogen Compounds was 4.06%.  The countries with the highest tariffs for importing Other Nitrogen Compounds were Bahamas (40.2%), Bermuda (25%), Bangladesh (17.2%), Romania (17.2%), and Maldives (14.7%).

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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.