HS Icon Inorganic Salts

2825 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $5.31B, Rnk 477 / 1217

2019
Top Exporter | Top Importer
: $1.56B | $840M, China | Japan

2019
Product Complexity
: -0.72, Rnk 714 / 961

2018 - 2019
Export Growth (CAGR)
: -9.76%, Rnk 958 / 1217

2018
Mean Tariff
: 3.67%, Rnk 1055 / 1259

 2019
Share of World Trade
: 0.029%, Rnk 477 / 1217

Overview:  This page contains the latest trade data of Inorganic Salts. In 2019, Inorganic Salts were the world's 477th most traded product, with a total trade of $5.31B. Between 2018 and 2019 the exports of Inorganic Salts decreased by -9.76%, from  $5.89B to $5.31B. Trade in Inorganic Salts represent 0.029% of total world trade.

Exports: In 2019 the top exporters of Inorganic Salts  were China ($1.56B), United States ($515M), Chile ($333M), South Africa ($318M), and Brazil ($288M).

Imports: In 2019 the top importers of Inorganic Salts were Japan ($840M), South Korea ($747M), United States ($559M), Netherlands ($389M), and Czechia ($257M).

Tariffs: In 2018 the average tariff for Inorganic Salts was 3.67%, making it the 1055th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Inorganic Salts are Bahamas (40.2%), Bermuda (25%), Romania (15.3%), Maldives (14.7%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Inorganic Salts ranks 714th in the Product Complexity Index (PCI).

Description: Hydrazine and hydroxylamine are used as rocket fuel. Inorganic bases are used in the production of glass, as a corrosion inhibitor, and in the production of ammonia. Metal oxides are used in the production of iron and steel, in the production of silicon, and in the production of cement. Hydroxides are used in the production of soaps and detergents, and in the production of aluminum. Peroxides are used in the production of plastics.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.56B

Top Destination (2019): Japan, $840M

Inorganic Salts are the world's 477th most traded product.

In 2019, the top exporters of Inorganic Salts were China ($1.56B), United States ($515M), Chile ($333M), South Africa ($318M), and Brazil ($288M).

In 2019, the top importers of Inorganic Salts were Japan ($840M), South Korea ($747M), United States ($559M), Netherlands ($389M), and Czechia ($257M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $29.3M

Top Destination Growth (2018 - 2019): Japan, $81.6M

Between 2018 and 2019, the exports of Inorganic Salts grew the fastest in Netherlands ($29.3M), Hungary ($18.6M), Turkey ($14.7M), Poland ($7.66M), and France ($7.64M).

Between 2018 and 2019, the fastest growing importers of Inorganic Salts were Japan ($81.6M), South Korea ($52M), Russia ($35M), Singapore ($10.8M), and Belgium ($9.31M).

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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 Inorganic Salts.

In 2019,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Inorganic Salts are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $1.32B

TOP NET IMPORTER (2019): South Korea, $643M

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

In 2019, the countries that had a largest trade value in exports than in imports of Inorganic Salts were China ($1.32B), Chile ($324M), South Africa ($292M), Brazil ($260M), and Russia ($99.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Inorganic Salts were South Korea ($643M), Japan ($578M), Czechia ($242M), India ($190M), and Netherlands ($157M).

Disaggregation

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Value

In 2019, the world most traded Inorganic Salts, disaggragated by their HS6 level were Lithium oxide and hydroxide ($1.11B), Metal bases, oxides, hydroxides, peroxides, nes ($968M), Vanadium oxides and hydroxides ($965M), Molybdenum oxides and hydroxides ($550M), and Antimony oxides ($491M)

Import Tariffs

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In 2018, the average tariff for importing Inorganic Salts was 3.67%.  The countries with the highest tariffs for importing Inorganic Salts were Bahamas (40.2%), Bermuda (25%), Romania (15.3%), Maldives (14.7%), and Aruba (12%).

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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.