HS Icon Oxygen Heterocyclic Compounds

2932 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.97B, Rnk 389 / 1225

Top Exporter (2018): $2.89B, China

Top Importer (2018): $1.08B, United States

Product Complexity (2018): 0.59, Rnk 337 / 1018

Export Growth (CAGR)(2017 - 2018): 29.4%, Rnk 180 / 1225

Mean Tariff (2018): 4.28%, Rnk 940 / 1259

Share of World Trade (2018): 0.043%, Rnk 389 / 1225

Overview:  This page contains the latest trade data of Oxygen Heterocyclic Compounds. In 2018, Oxygen Heterocyclic Compounds were the world's 389th most traded product, with a total trade of $7.97B. Between 2017 and 2018 the exports of Oxygen Heterocyclic Compounds grew by 29.4%, from  $6.16B to $7.97B. Trade in Oxygen Heterocyclic Compounds represent 0.043% of total world trade.

Exports: In 2018 the top exporters of Oxygen Heterocyclic Compounds  were China ($2.89B), Germany ($1.12B), United States ($565M), Switzerland ($375M), and India ($343M).

Imports: In 2018 the top importers of Oxygen Heterocyclic Compounds were United States ($1.08B), Germany ($624M), China ($620M), India ($533M), and Japan ($431M).

Tariffs: In 2018 the average tariff for Oxygen Heterocyclic Compounds was 4.28%, been the 940 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Oxygen Heterocyclic Compounds are Bahamas (40.2%), Bermuda (25%), Romania (15.7%), Maldives (14.7%), and Algeria (12.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Oxygen Heterocyclic Compounds ranks 337th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $2.89B

Top Destination (2018): United States, $1.08B

Oxygen Heterocyclic Compounds are the world's 389th most traded product.

In 2018, the top exporters of Oxygen Heterocyclic Compounds were China ($2.89B), Germany ($1.12B), United States ($565M), Switzerland ($375M), and India ($343M).

In 2018, the top importers of Oxygen Heterocyclic Compounds were United States ($1.08B), Germany ($624M), China ($620M), India ($533M), and Japan ($431M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $880M

Top Destination Growth (2017 - 2018): United States, $432M

Between 2017 and 2018, the exports of Oxygen Heterocyclic Compounds grew the fastest in China ($880M), Germany ($310M), Japan ($108M), France ($101M), and United Kingdom ($87.8M).

Between 2017 and 2018, the fastest growing importers of Oxygen Heterocyclic Compounds were United States ($432M), India ($223M), Germany ($171M), Greece ($147M), and China ($128M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Oxygen Heterocyclic Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Oxygen Heterocyclic Compounds are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $2.27B

TOP NET IMPORTER (2018): United States, $519M

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

In 2018, the countries that had a largest trade value in exports than in imports of Oxygen Heterocyclic Compounds were China ($2.27B), Germany ($498M), Ireland ($139M), Switzerland ($131M), and Belgium-Luxembourg ($65.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Oxygen Heterocyclic Compounds were United States ($519M), Brazil ($384M), South Korea ($283M), Greece ($213M), and India ($190M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Oxygen Heterocyclic Compounds. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Oxygen Heterocyclic Compounds was 4.28%.  The countries with the highest tariffs for importing Oxygen Heterocyclic Compounds were Bahamas (40.2%), Bermuda (25%), Romania (15.7%), Maldives (14.7%), and Algeria (12.3%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.