HS Icon Chromium Oxides and Hydroxides

2819 (Harmonized System 1992 for 4-digit)

World Trade (2018): $502M, Rnk 1033 / 1225

Top Exporter (2018): $171M, Kazakhstan

Top Importer (2018): $58.9M, United Kingdom

Export Growth (CAGR)(2017 - 2018): 2.72%, Rnk 1020 / 1225

Mean Tariff (2018): 4.19%, Rnk 959 / 1259

Share of World Trade (2018): 0.0027%, Rnk 1033 / 1225

Overview:  This page contains the latest trade data of Chromium Oxides and Hydroxides. In 2018, Chromium Oxides and Hydroxides were the world's 1033rd most traded product, with a total trade of $502M. Between 2017 and 2018 the exports of Chromium Oxides and Hydroxides grew by 2.72%, from  $489M to $502M. Trade in Chromium Oxides and Hydroxides represent 0.0027% of total world trade.

Exports: In 2018 the top exporters of Chromium Oxides and Hydroxides  were Kazakhstan ($171M), United States ($79.8M), Germany ($60M), China ($48.9M), and Turkey ($37.2M).

Imports: In 2018 the top importers of Chromium Oxides and Hydroxides were United Kingdom ($58.9M), Spain ($47.6M), Belgium-Luxembourg ($38.8M), Estonia ($36.5M), and Germany ($24.3M).

Tariffs: In 2018 the average tariff for Chromium Oxides and Hydroxides was 4.19%, making it the 959th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Chromium Oxides and Hydroxides are Bahamas (40.2%), Bermuda (25%), Iran (16%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Description: Chromium oxides and hydroxides are used in the manufacturing of stainless steel, paints, and pigments.

Exporters and Importers

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Trade By Country

Top Origin (2018): Kazakhstan, $171M

Top Destination (2018): United Kingdom, $58.9M

Chromium Oxides and Hydroxides are the world's 1033rd most traded product.

In 2018, the top exporters of Chromium Oxides and Hydroxides were Kazakhstan ($171M), United States ($79.8M), Germany ($60M), China ($48.9M), and Turkey ($37.2M).

In 2018, the top importers of Chromium Oxides and Hydroxides were United Kingdom ($58.9M), Spain ($47.6M), Belgium-Luxembourg ($38.8M), Estonia ($36.5M), and Germany ($24.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $15M

Top Destination Growth (2017 - 2018): Saudi Arabia, $14.4M

Between 2017 and 2018, the exports of Chromium Oxides and Hydroxides grew the fastest in United States ($15M), Germany ($12.5M), Turkey ($6.3M), India ($5.96M), and Spain ($1.83M).

Between 2017 and 2018, the fastest growing importers of Chromium Oxides and Hydroxides were Saudi Arabia ($14.4M), Chinese Taipei ($5.45M), India ($4.41M), Belgium-Luxembourg ($3.96M), and France ($3.39M).

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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 Chromium Oxides and Hydroxides.

In 2018,  market concentration measured using Shannon Entropy, was 3.19. This means that most of the exports of Chromium Oxides and Hydroxides are explained by 9 countries.

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TOP NET EXPORTER (2018): Kazakhstan, $171M

TOP NET IMPORTER (2018): United Kingdom, $56.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Chromium Oxides and Hydroxides were Kazakhstan ($171M), United States ($56.6M), Germany ($35.6M), China ($34.9M), and Turkey ($31.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Chromium Oxides and Hydroxides were United Kingdom ($56.2M), Spain ($39.7M), Belgium-Luxembourg ($37M), Estonia ($33.2M), and Brazil ($18.2M).

Disaggregation

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Value

In 2018, the world most traded Chromium Oxides and Hydroxides, disaggragated by their HS6 level were Chromium oxides, hydroxides except chromium trioxide ($285M) and Chromium trioxide ($217M)

Import Tariffs

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In 2018, the average tariff for importing Chromium Oxides and Hydroxides was 4.19%.  The countries with the highest tariffs for importing Chromium Oxides and Hydroxides were Bahamas (40.2%), Bermuda (25%), Iran (16%), Maldives (14.7%), and Algeria (12.2%).

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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.