HS Icon Polymers of ethylene nes, in primary forms

390190 (Harmonized System 1992 for 6-digit)

World Trade (2018): $20.3B, Rnk 131 / 4726

Top Exporter (2018): $3.52B, United States

Top Importer (2018): $4.77B, China

Product Complexity (2018): -0.033, Rnk 2689 / 4873

Export Growth (CAGR)(2017 - 2018): 17%, Rnk 1662 / 4726

Mean Tariff (2018): 4.83%, Rnk 4263 / 6538

Share of World Trade (2018): 0.11%, Rnk 131 / 4726

Overview:  This page contains the latest trade data of Polymers of ethylene nes, in primary forms. In 2018, Polymers of ethylene nes, in primary forms were the world's 131st most traded product, with a total trade of $20.3B. Between 2017 and 2018 the exports of Polymers of ethylene nes, in primary forms grew by 17%, from  $17.3B to $20.3B. Trade in Polymers of ethylene nes, in primary forms represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Polymers of ethylene nes, in primary forms  were United States ($3.52B), Singapore ($2.67B), Canada ($2.34B), Saudi Arabia ($1.57B), and Belgium-Luxembourg ($1.35B).

Imports: In 2018 the top importers of Polymers of ethylene nes, in primary forms were China ($4.77B), United States ($2.29B), Belgium-Luxembourg ($1.3B), Germany ($829M), and Singapore ($632M).

Tariffs: In 2018 the average tariff for Polymers of ethylene nes, in primary forms was 4.83%, been the 4263 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Polymers of ethylene nes, in primary forms are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Maldives (19.6%), and Romania (17.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritania (0%), and Mauritius (0%).

Ranking: Polymers of ethylene nes, in primary forms ranks 2689th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.52B

Top Destination (2018): China, $4.77B

Polymers of ethylene nes, in primary forms are the world's 131st most traded product.

In 2018, the top exporters of Polymers of ethylene nes, in primary forms were United States ($3.52B), Singapore ($2.67B), Canada ($2.34B), Saudi Arabia ($1.57B), and Belgium-Luxembourg ($1.35B).

In 2018, the top importers of Polymers of ethylene nes, in primary forms were China ($4.77B), United States ($2.29B), Belgium-Luxembourg ($1.3B), Germany ($829M), and Singapore ($632M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $1.11B

Top Destination Growth (2017 - 2018): China, $355M

Between 2017 and 2018, the exports of Polymers of ethylene nes, in primary forms grew the fastest in United States ($1.11B), Singapore ($551M), Belgium-Luxembourg ($524M), Malaysia ($361M), and Canada ($206M).

Between 2017 and 2018, the fastest growing importers of Polymers of ethylene nes, in primary forms were China ($355M), Belgium-Luxembourg ($267M), United Arab Emirates ($203M), Poland ($147M), and Malaysia ($124M).

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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 Polymers of ethylene nes, in primary forms.

In 2018,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Polymers of ethylene nes, in primary forms are explained by 17 countries.

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TOP NET EXPORTER (2018): Singapore, $2.04B

TOP NET IMPORTER (2018): China, $4.3B

This map shows which countries export or import more of Polymers of ethylene nes, in primary forms. Each country is colored based on the difference in exports and imports of Polymers of ethylene nes, in primary forms during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Polymers of ethylene nes, in primary forms were Singapore ($2.04B), Canada ($1.89B), Saudi Arabia ($1.46B), United States ($1.22B), and Thailand ($878M).

In 2018, the countries that had a largest trade value in imports than in exports of Polymers of ethylene nes, in primary forms were China ($4.3B), Mexico ($525M), India ($513M), Brazil ($387M), and Italy ($371M).

Trade Forecasts

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This section shows forecasts for total trade for Polymers of ethylene nes, in primary forms. 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 Polymers of ethylene nes, in primary forms was 4.83%.  The countries with the highest tariffs for importing Polymers of ethylene nes, in primary forms were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Maldives (19.6%), and Romania (17.2%).

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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.