HS Icon Prepared Pigments

3207 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.62B, Rnk 529 / 1225

Top Exporter (2018): $1.11B, Spain

Top Importer (2018): $541M, China

Product Complexity (2018): 0.96, Rnk 185 / 1018

Export Growth (CAGR)(2017 - 2018): 23.1%, Rnk 258 / 1225

Mean Tariff (2018): 5.33%, Rnk 770 / 1259

Share of World Trade (2018): 0.025%, Rnk 529 / 1225

Overview:  This page contains the latest trade data of Prepared Pigments. In 2018, Prepared Pigments were the world's 529th most traded product, with a total trade of $4.62B. Between 2017 and 2018 the exports of Prepared Pigments grew by 23.1%, from  $3.76B to $4.62B. Trade in Prepared Pigments represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Prepared Pigments  were Spain ($1.11B), Japan ($510M), China ($380M), Germany ($343M), and Chinese Taipei ($334M).

Imports: In 2018 the top importers of Prepared Pigments were China ($541M), Germany ($239M), Italy ($209M), South Korea ($203M), and United States ($187M).

Tariffs: In 2018 the average tariff for Prepared Pigments was 5.33%, been the 770 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Prepared Pigments are Bahamas (40.2%), Uzbekistan (24.7%), Iran (23.6%), Nepal (14.8%), and Azerbaijan (14.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Prepared Pigments ranks 185th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Spain, $1.11B

Top Destination (2018): China, $541M

Prepared Pigments are the world's 529th most traded product.

In 2018, the top exporters of Prepared Pigments were Spain ($1.11B), Japan ($510M), China ($380M), Germany ($343M), and Chinese Taipei ($334M).

In 2018, the top importers of Prepared Pigments were China ($541M), Germany ($239M), Italy ($209M), South Korea ($203M), and United States ($187M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $254M

Top Destination Growth (2017 - 2018): China, $273M

Between 2017 and 2018, the exports of Prepared Pigments grew the fastest in Chinese Taipei ($254M), Spain ($161M), South Korea ($135M), Japan ($106M), and Saudi Arabia ($40.3M).

Between 2017 and 2018, the fastest growing importers of Prepared Pigments were China ($273M), India ($51.2M), Vietnam ($46.9M), Hong Kong ($40M), and Italy ($34.4M).

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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 Prepared Pigments.

In 2018,  market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Prepared Pigments are explained by 15 countries.

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TOP NET EXPORTER (2018): Spain, $1.05B

TOP NET IMPORTER (2018): China, $161M

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

In 2018, the countries that had a largest trade value in exports than in imports of Prepared Pigments were Spain ($1.05B), Japan ($406M), Chinese Taipei ($216M), South Korea ($131M), and United States ($109M).

In 2018, the countries that had a largest trade value in imports than in exports of Prepared Pigments were China ($161M), Philippines ($148M), Vietnam ($146M), India ($141M), and Malaysia ($137M).

Trade Forecasts

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This section shows forecasts for total trade for Prepared Pigments. 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 Prepared Pigments was 5.33%.  The countries with the highest tariffs for importing Prepared Pigments were Bahamas (40.2%), Uzbekistan (24.7%), Iran (23.6%), Nepal (14.8%), and Azerbaijan (14.4%).

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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.