HS Icon Inorganic Salts

2825 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.82B, Rnk 464 / 1225

Top Exporter (2018): $1.63B, China

Top Importer (2018): $755M, Japan

Export Growth (CAGR)(2017 - 2018): 49.1%, Rnk 74 / 1225

Mean Tariff (2018): 3.67%, Rnk 1055 / 1259

Share of World Trade (2018): 0.032%, Rnk 464 / 1225

Overview:  This page contains the latest trade data of Inorganic Salts. In 2018, Inorganic Salts were the world's 464th most traded product, with a total trade of $5.82B. Between 2017 and 2018 the exports of Inorganic Salts grew by 49.1%, from  $3.91B to $5.82B. Trade in Inorganic Salts represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Inorganic Salts  were China ($1.63B), United States ($517M), Brazil ($444M), Russia ($401M), and South Africa ($369M).

Imports: In 2018 the top importers of Inorganic Salts were Japan ($755M), United States ($688M), South Korea ($685M), Netherlands ($534M), and Czechia ($375M).

Tariffs: In 2018 the average tariff for Inorganic Salts was 3.67%, been the 1055 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.63B

Top Destination (2018): Japan, $755M

Inorganic Salts are the world's 464th most traded product.

In 2018, the top exporters of Inorganic Salts were China ($1.63B), United States ($517M), Brazil ($444M), Russia ($401M), and South Africa ($369M).

In 2018, the top importers of Inorganic Salts were Japan ($755M), United States ($688M), South Korea ($685M), Netherlands ($534M), and Czechia ($375M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $534M

Top Destination Growth (2017 - 2018): Netherlands, $331M

Between 2017 and 2018, the exports of Inorganic Salts grew the fastest in China ($534M), South Africa ($262M), Russia ($225M), Brazil ($210M), and United States ($116M).

Between 2017 and 2018, the fastest growing importers of Inorganic Salts were Netherlands ($331M), United States ($299M), Japan ($240M), Czechia ($230M), and South Korea ($206M).

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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 2018,  market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Inorganic Salts are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $1.37B

TOP NET IMPORTER (2018): South Korea, $571M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Inorganic Salts were China ($1.37B), Brazil ($408M), South Africa ($341M), Chile ($328M), and Russia ($250M).

In 2018, the countries that had a largest trade value in imports than in exports of Inorganic Salts were South Korea ($571M), Japan ($500M), Czechia ($361M), Netherlands ($332M), and India ($190M).

Trade Forecasts

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This section shows forecasts for total trade for Inorganic Salts. 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 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.