HS Icon Carboxyamide Compounds

2924 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Carboxyamide Compounds. In 2019, Carboxyamide Compounds were the world's 369th most traded product, with a total trade of $8.35B. Between 2018 and 2019 the exports of Carboxyamide Compounds grew by 3.13%, from $8.09B to $8.35B. Trade in Carboxyamide Compounds represent 0.046% of total world trade.

Exports In 2019 the top exporters of Carboxyamide Compounds  were China ($1.84B), Switzerland ($1.38B), Norway ($1.22B), India ($707M), and Germany ($539M).

Imports In 2019 the top importers of Carboxyamide Compounds were Germany ($1.32B), China ($1.05B), United States ($1.04B), Ireland ($419M), and France ($369M).

Tariffs In 2018 the average tariff for Carboxyamide Compounds was 3.54%, making it the 1074th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Carboxyamide Compounds are Bahamas (40.2%), Bermuda (25%), Iran (19%), Maldives (14.7%), and Algeria (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Carboxyamide Compounds ranks 281st in the Product Complexity Index (PCI).

Description Carboxyamide-function compounds are used in the production of polyurethane foams, as a starting material for the production of amides, and in the production of pharmaceuticals. Amide-function compounds of carbonic acid are used in the production of pharmaceuticals.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.84B

Top Destination (2019): Germany, $1.32B

Carboxyamide Compounds are the world's 369th most traded product.

In 2019, the top exporters of Carboxyamide Compounds were China ($1.84B), Switzerland ($1.38B), Norway ($1.22B), India ($707M), and Germany ($539M).

In 2019, the top importers of Carboxyamide Compounds were Germany ($1.32B), China ($1.05B), United States ($1.04B), Ireland ($419M), and France ($369M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Norway, $211M

Top Destination Growth (2018 - 2019): China, $248M

Between 2018 and 2019, the exports of Carboxyamide Compounds grew the fastest in Norway ($211M), India ($158M), Ireland ($46.8M), Brunei ($7.46M), and Canada ($6.1M).

Between 2018 and 2019, the fastest growing importers of Carboxyamide Compounds were China ($248M), Germany ($43.1M), Russia ($35M), Belgium ($34.5M), and United Kingdom ($26.2M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Carboxyamide Compounds.

In 2019,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Carboxyamide Compounds are explained by 12 countries.

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TOP NET EXPORTER (2019): Norway, $1.17B

TOP NET IMPORTER (2019): Germany, $777M

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

In 2019, the countries that had a largest trade value in exports than in imports of Carboxyamide Compounds were Norway ($1.17B), Switzerland ($1.1B), China ($782M), India ($362M), and Italy ($92.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Carboxyamide Compounds were Germany ($777M), United States ($569M), Brazil ($264M), France ($201M), and South Korea ($158M).

Disaggregation

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Value

In 2019, the world most traded Carboxyamide Compounds, disaggragated by their HS6 level were Cyclic amides, derivatives, nes, salts thereof ($6.26B), Acyclic amides, derivatives, salts thereof ($1.8B), and Ureines, derivatives, salts thereof ($289M)

Import Tariffs

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In 2018, the average tariff for importing Carboxyamide Compounds was 3.54%. The countries with the highest tariffs for importing Carboxyamide Compounds were Bahamas (40.2%), Bermuda (25%), Iran (19%), Maldives (14.7%), and Algeria (12.9%).

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 Carboxyamide Compounds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.