HS Icon Organo-Sulfur Compounds

2930 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.36B, Rnk 412 / 1225

Top Exporter (2018): $1.88B, China

Top Importer (2018): $774M, United States

Product Complexity (2018): 0.93, Rnk 197 / 1018

Export Growth (CAGR)(2017 - 2018): 5.3%, Rnk 964 / 1225

Mean Tariff (2018): 3.98%, Rnk 999 / 1259

Share of World Trade (2018): 0.04%, Rnk 412 / 1225

Overview: In 2018, Organo-Sulfur Compounds were the world's 412th most traded product, with a total trade of $7.36B. Between 2017 and 2018 the exports of Organo-Sulfur Compounds grew by 5.3%, from  $6.99B to $7.36B. Trade in Organo-Sulfur Compounds represent 0.04% of total world trade.

Exports: In 2018 the top exporters of Organo-Sulfur Compounds  were China ($1.88B), Belgium-Luxembourg ($801M), United States ($757M), Japan ($694M), and Germany ($582M).

Imports: In 2018 the top importers of Organo-Sulfur Compounds were United States ($774M), China ($596M), Brazil ($448M), Germany ($377M), and India ($353M).

Tariffs: In 2018 the average tariff for Organo-Sulfur Compounds was 3.98%, been the 999 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Organo-Sulfur Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Ethiopia (12.7%), and Romania (11.7%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Organo-Sulfur Compounds ranks 197th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.88B

Top Destination (2018): United States, $774M

Organo-Sulfur Compounds are the world's 412th most traded product.

In 2018, the top exporters of Organo-Sulfur Compounds were China ($1.88B), Belgium-Luxembourg ($801M), United States ($757M), Japan ($694M), and Germany ($582M).

In 2018, the top importers of Organo-Sulfur Compounds were United States ($774M), China ($596M), Brazil ($448M), Germany ($377M), and India ($353M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $248M

Top Destination Growth (2017 - 2018): Singapore, $89.5M

Between 2017 and 2018, the exports of Organo-Sulfur Compounds grew the fastest in China ($248M), Belgium-Luxembourg ($246M), Germany ($49.7M), Israel ($38.4M), and United States ($21.7M).

Between 2017 and 2018, the fastest growing importers of Organo-Sulfur Compounds were Singapore ($89.5M), India ($61.9M), Argentina ($36M), Spain ($35.5M), and Thailand ($28.3M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Organo-Sulfur Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Organo-Sulfur Compounds are explained by 14 countries.

TOP NET EXPORTER (2018): China, $1.28B

TOP NET IMPORTER (2018): Brazil, $443M

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

In 2018, the countries that had a largest trade value in exports than imports of Organo-Sulfur Compounds were China ($1.28B), Belgium-Luxembourg ($463M), Japan ($435M), France ($377M), and Malaysia ($221M).

In 2018, the countries that had a largest trade value in imports than exports of Organo-Sulfur Compounds were Brazil ($443M), South Korea ($211M), Mexico ($171M), Thailand ($158M), and Indonesia ($148M).

Trade Forecasts

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This section shows forecasts for total trade for Organo-Sulfur 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 Organo-Sulfur Compounds was 3.98%.  The countries with the highest tariffs for importing Organo-Sulfur Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Ethiopia (12.7%), and Romania (11.7%).

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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.