Overview:  This page contains the latest trade data of Carbon. In 2019, Carbon were the world's 494th most traded product, with a total trade of $5.06B. Between 2018 and 2019 the exports of Carbon decreased by -6.81%, from $5.43B to $5.06B. Trade in Carbon represent 0.028% of total world trade.

Exports: In 2019 the top exporters of Carbon  were China ($827M), Russia ($706M), Germany ($329M), United States ($327M), and South Korea ($295M).

Imports: In 2019 the top importers of Carbon were Germany ($356M), Thailand ($353M), Poland ($326M), United States ($296M), and Indonesia ($262M).

Tariffs: In 2018 the average tariff for Carbon was 2.52%, making it the 1179th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Carbon are Bahamas (40.2%), Bermuda (25%), Angola (20%), Pakistan (15.7%), and Maldives (14.7%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Carbon ranks 513th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $827M

Top Destination (2019): Germany, $356M

Carbon are the world's 494th most traded product.

In 2019, the top exporters of Carbon were China ($827M), Russia ($706M), Germany ($329M), United States ($327M), and South Korea ($295M).

In 2019, the top importers of Carbon were Germany ($356M), Thailand ($353M), Poland ($326M), United States ($296M), and Indonesia ($262M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $46.1M

Top Destination Growth (2018 - 2019): Czechia, $20.3M

Between 2018 and 2019, the exports of Carbon grew the fastest in Poland ($46.1M), India ($23.9M), Belgium ($22.8M), Ukraine ($18.9M), and Hong Kong ($10.4M).

Between 2018 and 2019, the fastest growing importers of Carbon were Czechia ($20.3M), United States ($14.7M), Slovakia ($12.8M), Japan ($9.44M), and Poland ($6.99M).

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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 Carbon.

In 2019,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Carbon are explained by 20 countries.

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TOP NET EXPORTER (2019): Russia, $698M

TOP NET IMPORTER (2019): Indonesia, $243M

This map shows which countries export or import more of Carbon. Each country is colored based on the difference in exports and imports of Carbon during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Carbon were Russia ($698M), China ($617M), South Korea ($204M), Egypt ($111M), and Canada ($100M).

In 2019, the countries that had a largest trade value in imports than in exports of Carbon were Indonesia ($243M), Turkey ($239M), Thailand ($202M), Vietnam ($185M), and Spain ($117M).

Disaggregation

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Value

In 2019, the world most traded Carbon, disaggragated by their HS6 level were Carbon (carbon blacks and other forms... ($5.06B)

Import Tariffs

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In 2018, the average tariff for importing Carbon was 2.52%. The countries with the highest tariffs for importing Carbon were Bahamas (40.2%), Bermuda (25%), Angola (20%), Pakistan (15.7%), and Maldives (14.7%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Carbon to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.