HS Icon Creosote oils

270791 (Harmonized System 1992 for 6-digit)

World Trade (2018): $176M, Rnk 3760 / 4726

Top Exporter (2018): $38.3M, Denmark

Top Importer (2018): $68.9M, United States

Export Growth (CAGR)(2017 - 2018): 12%, Rnk 2366 / 4726

Mean Tariff (2018): 3.54%, Rnk 5385 / 6538

Share of World Trade (2018): 0.00096%, Rnk 3760 / 4726

Overview:  This page contains the latest trade data of Creosote oils. In 2018, Creosote oils were the world's 3760th most traded product, with a total trade of $176M. Between 2017 and 2018 the exports of Creosote oils grew by 12%, from  $157M to $176M. Trade in Creosote oils represent 0.00096% of total world trade.

Exports: In 2018 the top exporters of Creosote oils  were Denmark ($38.3M), Belgium-Luxembourg ($23.3M), Canada ($20.6M), South Korea ($19.8M), and Chinese Taipei ($17M).

Imports: In 2018 the top importers of Creosote oils were United States ($68.9M), Japan ($64.9M), Poland ($3.25M), Finland ($3.21M), and Slovakia ($3.17M).

Tariffs: In 2018 the average tariff for Creosote oils was 3.54%, been the 5385 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Creosote oils 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%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Denmark, $38.3M

Top Destination (2018): United States, $68.9M

Creosote oils are the world's 3760th most traded product.

In 2018, the top exporters of Creosote oils were Denmark ($38.3M), Belgium-Luxembourg ($23.3M), Canada ($20.6M), South Korea ($19.8M), and Chinese Taipei ($17M).

In 2018, the top importers of Creosote oils were United States ($68.9M), Japan ($64.9M), Poland ($3.25M), Finland ($3.21M), and Slovakia ($3.17M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $11.3M

Top Destination Growth (2017 - 2018): Japan, $28.2M

Between 2017 and 2018, the exports of Creosote oils grew the fastest in South Korea ($11.3M), Chinese Taipei ($7.09M), Australia ($5.75M), Canada ($3.99M), and China ($3.68M).

Between 2017 and 2018, the fastest growing importers of Creosote oils were Japan ($28.2M), Ireland ($1.91M), Slovakia ($872k), Netherlands ($825k), and Algeria ($717k).

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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 Creosote oils.

In 2018,  market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of Creosote oils are explained by 9 countries.

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TOP NET EXPORTER (2018): Denmark, $38.3M

TOP NET IMPORTER (2018): United States, $68.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Creosote oils were Denmark ($38.3M), Belgium-Luxembourg ($22.2M), Canada ($20.2M), South Korea ($17.3M), and Chinese Taipei ($17M).

In 2018, the countries that had a largest trade value in imports than in exports of Creosote oils were United States ($68.5M), Japan ($64.9M), Finland ($3.2M), France ($2.85M), and Sweden ($2.77M).

Trade Forecasts

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This section shows forecasts for total trade for Creosote oils. 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 Creosote oils was 3.54%.  The countries with the highest tariffs for importing Creosote oils were Bermuda (25%), Madagascar (17.2%), Jamaica (15%), Trinidad and Tobago (14.2%), and Barbados (13.8%).

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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.