HS Icon Nucleic Acids

2934 (Harmonized System 1992 for 4-digit)

World Trade (2018): $18.1B, Rnk 203 / 1225

Top Exporter (2018): $3.47B, Ireland

Top Importer (2018): $5.1B, United States

Product Complexity (2018): 1.32, Rnk 79 / 1018

Export Growth (CAGR)(2017 - 2018): 35.2%, Rnk 135 / 1225

Mean Tariff (2018): 4.19%, Rnk 958 / 1259

Share of World Trade (2018): 0.098%, Rnk 203 / 1225

Overview: In 2018, Nucleic Acids were the world's 203rd most traded product, with a total trade of $18.1B. Between 2017 and 2018 the exports of Nucleic Acids grew by 35.2%, from  $13.4B to $18.1B. Trade in Nucleic Acids represent 0.098% of total world trade.

Exports: In 2018 the top exporters of Nucleic Acids  were Ireland ($3.47B), China ($3.08B), Belgium-Luxembourg ($1.47B), United States ($1.26B), and Switzerland ($1.26B).

Imports: In 2018 the top importers of Nucleic Acids were United States ($5.1B), Germany ($1.42B), Japan ($1.04B), Belgium-Luxembourg ($885M), and India ($779M).

Tariffs: In 2018 the average tariff for Nucleic Acids was 4.19%, been the 958 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nucleic Acids are Bahamas (40.2%), Bermuda (25%), Iran (17.4%), Maldives (14.7%), and Algeria (13%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Nucleic Acids ranks 79th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ireland, $3.47B

Top Destination (2018): United States, $5.1B

Nucleic Acids are the world's 203rd most traded product.

In 2018, the top exporters of Nucleic Acids were Ireland ($3.47B), China ($3.08B), Belgium-Luxembourg ($1.47B), United States ($1.26B), and Switzerland ($1.26B).

In 2018, the top importers of Nucleic Acids were United States ($5.1B), Germany ($1.42B), Japan ($1.04B), Belgium-Luxembourg ($885M), and India ($779M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $2.39B

Top Destination Growth (2017 - 2018): United States, $4.09B

Between 2017 and 2018, the exports of Nucleic Acids grew the fastest in Ireland ($2.39B), China ($569M), Belgium-Luxembourg ($541M), United Kingdom ($425M), and Singapore ($309M).

Between 2017 and 2018, the fastest growing importers of Nucleic Acids were United States ($4.09B), Germany ($334M), India ($258M), Belgium-Luxembourg ($145M), and Canada ($140M).

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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 Nucleic Acids.

In 2018,  market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Nucleic Acids are explained by 14 countries.

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

TOP NET IMPORTER (2018): United States, $3.84B

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

In 2018, the countries that had a largest trade value in exports than in imports of Nucleic Acids were Ireland ($2.79B), China ($2.63B), Switzerland ($741M), Belgium-Luxembourg ($583M), and Singapore ($484M).

In 2018, the countries that had a largest trade value in imports than in exports of Nucleic Acids were United States ($3.84B), Brazil ($554M), France ($329M), Italy ($322M), and Canada ($307M).

Trade Forecasts

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This section shows forecasts for total trade for Nucleic Acids. 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 Nucleic Acids was 4.19%.  The countries with the highest tariffs for importing Nucleic Acids were Bahamas (40.2%), Bermuda (25%), Iran (17.4%), Maldives (14.7%), and Algeria (13%).

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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.