HS Icon Coal Tar Oil

2707 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Coal Tar Oil. In 2019, Coal Tar Oil were the world's 144th most traded product, with a total trade of $26.5B. Between 2018 and 2019 the exports of Coal Tar Oil decreased by -9.95%, from $29.4B to $26.5B. Trade in Coal Tar Oil represent 0.15% of total world trade.

Exports In 2019 the top exporters of Coal Tar Oil  were Russia ($4.49B), Netherlands ($3.23B), Belgium ($2.18B), Japan ($1.68B), and United States ($1.4B).

Imports In 2019 the top importers of Coal Tar Oil were Netherlands ($4.46B), Belgium ($2.67B), China ($2.56B), Singapore ($1.5B), and South Korea ($1.36B).

Tariffs In 2018 the average tariff for Coal Tar Oil was 3.46%, making it the 1084th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Coal Tar Oil are Bermuda (25%), Madagascar (17.2%), Jamaica (15%), Trinidad and Tobago (14.2%), and Barbados (13.8%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking Coal Tar Oil ranks 642nd in the Product Complexity Index (PCI).

Description The common uses of oils and other products of the distillation of high temperature coal tar are: -used in the production of synthetic resins, plastics, and synthetic fibers -used in the production of dyes and pigments -used in the production of paints, varnishes, and lacquers -used in the production of insecticides, herbicides, and fungicides -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): Russia, $4.49B

Top Destination (2019): Netherlands, $4.46B

Coal Tar Oil are the world's 144th most traded product.

In 2019, the top exporters of Coal Tar Oil were Russia ($4.49B), Netherlands ($3.23B), Belgium ($2.18B), Japan ($1.68B), and United States ($1.4B).

In 2019, the top importers of Coal Tar Oil were Netherlands ($4.46B), Belgium ($2.67B), China ($2.56B), Singapore ($1.5B), and South Korea ($1.36B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $1.02B

Top Destination Growth (2018 - 2019): Canada, $329M

Between 2018 and 2019, the exports of Coal Tar Oil grew the fastest in Russia ($1.02B), Belgium ($237M), India ($235M), Turkey ($226M), and Singapore ($153M).

Between 2018 and 2019, the fastest growing importers of Coal Tar Oil were Canada ($329M), Spain ($277M), Denmark ($254M), Belgium ($251M), and Switzerland ($231M).

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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 Coal Tar Oil.

In 2019,  market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Coal Tar Oil are explained by 24 countries.

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TOP NET EXPORTER (2019): Russia, $4.42B

TOP NET IMPORTER (2019): China, $2.47B

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

In 2019, the countries that had a largest trade value in exports than in imports of Coal Tar Oil were Russia ($4.42B), Japan ($1.53B), Germany ($553M), United Kingdom ($500M), and United States ($435M).

In 2019, the countries that had a largest trade value in imports than in exports of Coal Tar Oil were China ($2.47B), Netherlands ($1.22B), Switzerland ($1.19B), Ecuador ($1.17B), and Singapore ($913M).

Disaggregation

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Value

In 2019, the world most traded Coal Tar Oil, disaggragated by their HS6 level were Coal tar distillation products nes ($12.7B), Aromatic hydrocarbon mixtures from coal tar,... ($9.03B), Xylole ($3.14B), Benzol ($775M), and Naphthalene ($529M)

Import Tariffs

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In 2018, the average tariff for importing Coal Tar Oil was 3.46%. The countries with the highest tariffs for importing Coal Tar Oil were Bermuda (25%), Madagascar (17.2%), Jamaica (15%), Trinidad and Tobago (14.2%), and Barbados (13.8%).

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