HS Icon Synthetic organic tanning substances

320210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $403M, Rnk 3011 / 4726

Top Exporter (2018): $93.3M, Italy

Top Importer (2018): $69.1M, China

Product Complexity (2018): -0.072, Rnk 2746 / 4873

Export Growth (CAGR)(2017 - 2018): -3.17%, Rnk 4062 / 4726

Mean Tariff (2018): 4.7%, Rnk 4382 / 6538

Share of World Trade (2018): 0.0022%, Rnk 3011 / 4726

Overview:  This page contains the latest trade data of Synthetic organic tanning substances. In 2018, Synthetic organic tanning substances were the world's 3011th most traded product, with a total trade of $403M. Between 2017 and 2018 the exports of Synthetic organic tanning substances decreased by -3.17%, from  $417M to $403M. Trade in Synthetic organic tanning substances represent 0.0022% of total world trade.

Exports: In 2018 the top exporters of Synthetic organic tanning substances  were Italy ($93.3M), Spain ($48.5M), Germany ($44.2M), France ($43.9M), and Netherlands ($40.4M).

Imports: In 2018 the top importers of Synthetic organic tanning substances were China ($69.1M), Italy ($31.2M), Hong Kong ($21.7M), Brazil ($20M), and India ($18.6M).

Tariffs: In 2018 the average tariff for Synthetic organic tanning substances was 4.7%, been the 4382 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Synthetic organic tanning substances are Bahamas (40.2%), Bermuda (25%), Iran (20%), Azerbaijan (14.4%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Synthetic organic tanning substances ranks 2746th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Italy, $93.3M

Top Destination (2018): China, $69.1M

Synthetic organic tanning substances are the world's 3011th most traded product.

In 2018, the top exporters of Synthetic organic tanning substances were Italy ($93.3M), Spain ($48.5M), Germany ($44.2M), France ($43.9M), and Netherlands ($40.4M).

In 2018, the top importers of Synthetic organic tanning substances were China ($69.1M), Italy ($31.2M), Hong Kong ($21.7M), Brazil ($20M), and India ($18.6M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $2.08M

Top Destination Growth (2017 - 2018): Mexico, $4.8M

Between 2017 and 2018, the exports of Synthetic organic tanning substances grew the fastest in Belgium-Luxembourg ($2.08M), Italy ($2.04M), United States ($1.91M), Singapore ($1.68M), and Egypt ($986k).

Between 2017 and 2018, the fastest growing importers of Synthetic organic tanning substances were Mexico ($4.8M), Bangladesh ($3.44M), Turkey ($1.66M), Thailand ($1.35M), and Portugal ($1.17M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Synthetic organic tanning substances.

In 2018,  market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Synthetic organic tanning substances are explained by 13 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Italy, $62.1M

TOP NET IMPORTER (2018): China, $52.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Synthetic organic tanning substances were Italy ($62.1M), Spain ($41.1M), France ($39.4M), Netherlands ($36M), and Germany ($33.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Synthetic organic tanning substances were China ($52.3M), Hong Kong ($14.9M), Brazil ($14.7M), Vietnam ($12.3M), and Mexico ($11.9M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Synthetic organic tanning substances. 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 Synthetic organic tanning substances was 4.7%.  The countries with the highest tariffs for importing Synthetic organic tanning substances were Bahamas (40.2%), Bermuda (25%), Iran (20%), Azerbaijan (14.4%), and Algeria (12.2%).

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.