HS Icon Polymers, natural or modified nes in primary forms ne

391390 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.19B, Rnk 1240 / 4726

Top Exporter (2018): $506M, China

Top Importer (2018): $341M, United States

Product Complexity (2018): 0.79, Rnk 1141 / 4873

Export Growth (CAGR)(2017 - 2018): 24.7%, Rnk 1071 / 4726

Mean Tariff (2018): 4.4%, Rnk 4618 / 6538

Share of World Trade (2018): 0.012%, Rnk 1240 / 4726

Overview:  This page contains the latest trade data of Polymers, natural or modified nes in primary forms ne. In 2018, Polymers, natural or modified nes in primary forms ne were the world's 1240th most traded product, with a total trade of $2.19B. Between 2017 and 2018 the exports of Polymers, natural or modified nes in primary forms ne grew by 24.7%, from  $1.76B to $2.19B. Trade in Polymers, natural or modified nes in primary forms ne represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Polymers, natural or modified nes in primary forms ne  were China ($506M), United States ($339M), Sweden ($286M), France ($187M), and Austria ($129M).

Imports: In 2018 the top importers of Polymers, natural or modified nes in primary forms ne were United States ($341M), Japan ($159M), Germany ($149M), France ($135M), and China ($116M).

Tariffs: In 2018 the average tariff for Polymers, natural or modified nes in primary forms ne was 4.4%, been the 4618 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Polymers, natural or modified nes in primary forms ne are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (17.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Polymers, natural or modified nes in primary forms ne ranks 1141st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $506M

Top Destination (2018): United States, $341M

Polymers, natural or modified nes in primary forms ne are the world's 1240th most traded product.

In 2018, the top exporters of Polymers, natural or modified nes in primary forms ne were China ($506M), United States ($339M), Sweden ($286M), France ($187M), and Austria ($129M).

In 2018, the top importers of Polymers, natural or modified nes in primary forms ne were United States ($341M), Japan ($159M), Germany ($149M), France ($135M), and China ($116M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $102M

Top Destination Growth (2017 - 2018): United States, $127M

Between 2017 and 2018, the exports of Polymers, natural or modified nes in primary forms ne grew the fastest in China ($102M), Austria ($65.3M), Sweden ($55.2M), Denmark ($37M), and United States ($24.3M).

Between 2017 and 2018, the fastest growing importers of Polymers, natural or modified nes in primary forms ne were United States ($127M), China ($34.7M), France ($23.9M), Netherlands ($21.4M), and Singapore ($19.7M).

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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, natural or modified nes in primary forms ne.

In 2018,  market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Polymers, natural or modified nes in primary forms ne are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $390M

TOP NET IMPORTER (2018): Japan, $98.7M

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

In 2018, the countries that had a largest trade value in exports than in imports of Polymers, natural or modified nes in primary forms ne were China ($390M), Sweden ($259M), Austria ($109M), Italy ($58M), and France ($51.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Polymers, natural or modified nes in primary forms ne were Japan ($98.7M), Mexico ($58.2M), South Korea ($54.8M), Germany ($53.7M), and Switzerland ($53.6M).

Trade Forecasts

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This section shows forecasts for total trade for Polymers, natural or modified nes in primary forms ne. 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, natural or modified nes in primary forms ne was 4.4%.  The countries with the highest tariffs for importing Polymers, natural or modified nes in primary forms ne were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (17.2%), and Aruba (12%).

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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.