HS Icon Amino-resins

3909 (Harmonized System 1992 for 4-digit)

World Trade (2018): $19B, Rnk 193 / 1225

Top Exporter (2018): $3.22B, Germany

Top Importer (2018): $1.6B, China

Product Complexity (2018): 1.25, Rnk 92 / 1018

Export Growth (CAGR)(2017 - 2018): 15.2%, Rnk 509 / 1225

Mean Tariff (2018): 5.49%, Rnk 753 / 1259

Share of World Trade (2018): 0.1%, Rnk 193 / 1225

Overview: In 2018, Amino-resins were the world's 193rd most traded product, with a total trade of $19B. Between 2017 and 2018 the exports of Amino-resins grew by 15.2%, from  $16.5B to $19B. Trade in Amino-resins represent 0.1% of total world trade.

Exports: In 2018 the top exporters of Amino-resins  were Germany ($3.22B), China ($2.22B), Belgium-Luxembourg ($1.73B), United States ($1.69B), and Netherlands ($1.32B).

Imports: In 2018 the top importers of Amino-resins were China ($1.6B), Germany ($1.43B), United States ($1.04B), Netherlands ($869M), and Italy ($818M).

Tariffs: In 2018 the average tariff for Amino-resins was 5.49%, been the 753 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Amino-resins are Bahamas (33%), Bermuda (25%), Pakistan (17.5%), Maldives (17.2%), and Romania (14.7%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Lebanon (0%).

Ranking: Amino-resins ranks 92nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.22B

Top Destination (2018): China, $1.6B

Amino-resins are the world's 193rd most traded product.

In 2018, the top exporters of Amino-resins were Germany ($3.22B), China ($2.22B), Belgium-Luxembourg ($1.73B), United States ($1.69B), and Netherlands ($1.32B).

In 2018, the top importers of Amino-resins were China ($1.6B), Germany ($1.43B), United States ($1.04B), Netherlands ($869M), and Italy ($818M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $456M

Top Destination Growth (2017 - 2018): Canada, $232M

Between 2017 and 2018, the exports of Amino-resins grew the fastest in Saudi Arabia ($456M), China ($407M), Belgium-Luxembourg ($356M), United States ($309M), and South Korea ($150M).

Between 2017 and 2018, the fastest growing importers of Amino-resins were Canada ($232M), Germany ($219M), Vietnam ($207M), Netherlands ($170M), and India ($158M).

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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 Amino-resins.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Amino-resins are explained by 20 countries.

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TOP NET EXPORTER (2018): Germany, $1.79B

TOP NET IMPORTER (2018): India, $577M

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

In 2018, the countries that had a largest trade value in exports than in imports of Amino-resins were Germany ($1.79B), Belgium-Luxembourg ($1.21B), Japan ($733M), South Korea ($698M), and United States ($642M).

In 2018, the countries that had a largest trade value in imports than in exports of Amino-resins were India ($577M), Vietnam ($550M), Canada ($519M), Mexico ($470M), and France ($422M).

Trade Forecasts

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This section shows forecasts for total trade for Amino-resins. 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 Amino-resins was 5.49%.  The countries with the highest tariffs for importing Amino-resins were Bahamas (33%), Bermuda (25%), Pakistan (17.5%), Maldives (17.2%), and Romania (14.7%).

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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.