HS Icon Other Organo-Inorganic Compounds

2931 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.58B, Rnk 400 / 1225

Top Exporter (2018): $3.05B, China

Top Importer (2018): $1.33B, United States

Product Complexity (2018): 1.3, Rnk 84 / 1018

Export Growth (CAGR)(2017 - 2018): 36.7%, Rnk 122 / 1225

Mean Tariff (2018): 4.26%, Rnk 944 / 1259

Share of World Trade (2018): 0.041%, Rnk 400 / 1225

Overview:  This page contains the latest trade data of Other Organo-Inorganic Compounds. In 2018, Other Organo-Inorganic Compounds were the world's 400th most traded product, with a total trade of $7.58B. Between 2017 and 2018 the exports of Other Organo-Inorganic Compounds grew by 36.7%, from  $5.54B to $7.58B. Trade in Other Organo-Inorganic Compounds represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Other Organo-Inorganic Compounds  were China ($3.05B), United States ($1.36B), Germany ($951M), United Kingdom ($316M), and Japan ($292M).

Imports: In 2018 the top importers of Other Organo-Inorganic Compounds were United States ($1.33B), Brazil ($583M), Japan ($449M), Belgium-Luxembourg ($435M), and South Korea ($353M).

Tariffs: In 2018 the average tariff for Other Organo-Inorganic Compounds was 4.26%, been the 944 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Organo-Inorganic Compounds are Bahamas (40.2%), Fiji (31.1%), Bermuda (25%), Romania (15%), and Maldives (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Other Organo-Inorganic Compounds ranks 84th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.05B

Top Destination (2018): United States, $1.33B

Other Organo-Inorganic Compounds are the world's 400th most traded product.

In 2018, the top exporters of Other Organo-Inorganic Compounds were China ($3.05B), United States ($1.36B), Germany ($951M), United Kingdom ($316M), and Japan ($292M).

In 2018, the top importers of Other Organo-Inorganic Compounds were United States ($1.33B), Brazil ($583M), Japan ($449M), Belgium-Luxembourg ($435M), and South Korea ($353M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $807M

Top Destination Growth (2017 - 2018): United States, $329M

Between 2017 and 2018, the exports of Other Organo-Inorganic Compounds grew the fastest in China ($807M), United States ($622M), Belgium-Luxembourg ($108M), Ireland ($104M), and Germany ($95.2M).

Between 2017 and 2018, the fastest growing importers of Other Organo-Inorganic Compounds were United States ($329M), Brazil ($319M), Netherlands ($152M), India ($135M), and Argentina ($125M).

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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 Organo-Inorganic Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Other Organo-Inorganic Compounds are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $2.79B

TOP NET IMPORTER (2018): Brazil, $581M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Organo-Inorganic Compounds were China ($2.79B), Germany ($612M), United Kingdom ($198M), Ireland ($89.9M), and United States ($31.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Organo-Inorganic Compounds were Brazil ($581M), Argentina ($344M), Chinese Taipei ($196M), South Korea ($184M), and Belgium-Luxembourg ($161M).

Trade Forecasts

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This section shows forecasts for total trade for Other Organo-Inorganic 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 Organo-Inorganic Compounds was 4.26%.  The countries with the highest tariffs for importing Other Organo-Inorganic Compounds were Bahamas (40.2%), Fiji (31.1%), Bermuda (25%), Romania (15%), 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.