HS Icon Hetercyclic compounds with pyrimidine ring nes

293359 (Harmonized System 1992 for 6-digit)

World Trade (2018): $22.1B, Rnk 120 / 4726

Top Exporter (2018): $11.1B, Ireland

Top Importer (2018): $5.2B, United States

Product Complexity (2018): 1.23, Rnk 446 / 4873

Export Growth (CAGR)(2017 - 2018): 45.9%, Rnk 399 / 4726

Mean Tariff (2018): 5.19%, Rnk 4010 / 6538

Share of World Trade (2018): 0.12%, Rnk 120 / 4726

Overview:  This page contains the latest trade data of Hetercyclic compounds with pyrimidine ring nes. In 2018, Hetercyclic compounds with pyrimidine ring nes were the world's 120th most traded product, with a total trade of $22.1B. Between 2017 and 2018 the exports of Hetercyclic compounds with pyrimidine ring nes grew by 45.9%, from  $15.2B to $22.1B. Trade in Hetercyclic compounds with pyrimidine ring nes represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Hetercyclic compounds with pyrimidine ring nes  were Ireland ($11.1B), Switzerland ($3.19B), Belgium-Luxembourg ($2.25B), United Kingdom ($1.21B), and China ($1.16B).

Imports: In 2018 the top importers of Hetercyclic compounds with pyrimidine ring nes were United States ($5.2B), Germany ($4.27B), Switzerland ($3.97B), Belgium-Luxembourg ($3.08B), and United Kingdom ($719M).

Tariffs: In 2018 the average tariff for Hetercyclic compounds with pyrimidine ring nes was 5.19%, been the 4010 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Hetercyclic compounds with pyrimidine ring nes are Bahamas (40.2%), Bermuda (25%), Iran (24.1%), Maldives (14.7%), and Algeria (13.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Hetercyclic compounds with pyrimidine ring nes ranks 446th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ireland, $11.1B

Top Destination (2018): United States, $5.2B

Hetercyclic compounds with pyrimidine ring nes are the world's 120th most traded product.

In 2018, the top exporters of Hetercyclic compounds with pyrimidine ring nes were Ireland ($11.1B), Switzerland ($3.19B), Belgium-Luxembourg ($2.25B), United Kingdom ($1.21B), and China ($1.16B).

In 2018, the top importers of Hetercyclic compounds with pyrimidine ring nes were United States ($5.2B), Germany ($4.27B), Switzerland ($3.97B), Belgium-Luxembourg ($3.08B), and United Kingdom ($719M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $5.07B

Top Destination Growth (2017 - 2018): United States, $4.34B

Between 2017 and 2018, the exports of Hetercyclic compounds with pyrimidine ring nes grew the fastest in Ireland ($5.07B), Belgium-Luxembourg ($1.43B), United Kingdom ($422M), Netherlands ($355M), and China ($166M).

Between 2017 and 2018, the fastest growing importers of Hetercyclic compounds with pyrimidine ring nes were United States ($4.34B), Switzerland ($1B), Belgium-Luxembourg ($771M), United Kingdom ($357M), and Singapore ($331M).

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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 Hetercyclic compounds with pyrimidine ring nes.

In 2018,  market concentration measured using Shannon Entropy, was 2.63. This means that most of the exports of Hetercyclic compounds with pyrimidine ring nes are explained by 6 countries.

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TOP NET EXPORTER (2018): Ireland, $10.8B

TOP NET IMPORTER (2018): United States, $4.97B

This map shows which countries export or import more of Hetercyclic compounds with pyrimidine ring nes. Each country is colored based on the difference in exports and imports of Hetercyclic compounds with pyrimidine ring nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Hetercyclic compounds with pyrimidine ring nes were Ireland ($10.8B), China ($889M), United Kingdom ($489M), Netherlands ($269M), and India ($116M).

In 2018, the countries that had a largest trade value in imports than in exports of Hetercyclic compounds with pyrimidine ring nes were United States ($4.97B), Germany ($3.67B), Belgium-Luxembourg ($830M), Switzerland ($777M), and Singapore ($548M).

Trade Forecasts

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This section shows forecasts for total trade for Hetercyclic compounds with pyrimidine ring nes. 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 Hetercyclic compounds with pyrimidine ring nes was 5.19%.  The countries with the highest tariffs for importing Hetercyclic compounds with pyrimidine ring nes were Bahamas (40.2%), Bermuda (25%), Iran (24.1%), Maldives (14.7%), and Algeria (13.3%).

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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.