HS Icon Iodine

280120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $830M, Rnk 2268 / 4726

Top Exporter (2018): $464M, Chile

Top Importer (2018): $130M, Belgium-Luxembourg

Product Complexity (2018): -1.26, Rnk 4259 / 4873

Export Growth (CAGR)(2017 - 2018): 25.3%, Rnk 1037 / 4726

Mean Tariff (2018): 4.31%, Rnk 4691 / 6538

Share of World Trade (2018): 0.0045%, Rnk 2268 / 4726

Overview:  This page contains the latest trade data of Iodine. In 2018, Iodine were the world's 2268th most traded product, with a total trade of $830M. Between 2017 and 2018 the exports of Iodine grew by 25.3%, from  $663M to $830M. Trade in Iodine represent 0.0045% of total world trade.

Exports: In 2018 the top exporters of Iodine  were Chile ($464M), Belgium-Luxembourg ($138M), Japan ($108M), United States ($27.8M), and Netherlands ($23.3M).

Imports: In 2018 the top importers of Iodine were Belgium-Luxembourg ($130M), United States ($111M), China ($106M), India ($93M), and Norway ($77.6M).

Tariffs: In 2018 the average tariff for Iodine was 4.31%, been the 4691 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Iodine are Turkmenistan (100%), Bahamas (40.2%), Bermuda (25%), Cuba (14.7%), and Maldives (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Iodine ranks 4259th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chile, $464M

Top Destination (2018): Belgium-Luxembourg, $130M

Iodine are the world's 2268th most traded product.

In 2018, the top exporters of Iodine were Chile ($464M), Belgium-Luxembourg ($138M), Japan ($108M), United States ($27.8M), and Netherlands ($23.3M).

In 2018, the top importers of Iodine were Belgium-Luxembourg ($130M), United States ($111M), China ($106M), India ($93M), and Norway ($77.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $92M

Top Destination Growth (2017 - 2018): Belgium-Luxembourg, $34.5M

Between 2017 and 2018, the exports of Iodine grew the fastest in Belgium-Luxembourg ($92M), Chile ($56.3M), Netherlands ($8.47M), United Arab Emirates ($5.21M), and Japan ($4.63M).

Between 2017 and 2018, the fastest growing importers of Iodine were Belgium-Luxembourg ($34.5M), United States ($30.6M), India ($27.2M), Norway ($20.9M), and France ($18.3M).

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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 Iodine.

In 2018,  market concentration measured using Shannon Entropy, was 2.21. This means that most of the exports of Iodine are explained by 4 countries.

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TOP NET EXPORTER (2018): Chile, $464M

TOP NET IMPORTER (2018): China, $106M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iodine were Chile ($464M), Japan ($103M), Belgium-Luxembourg ($8.49M), Turkmenistan ($7.36M), and Azerbaijan ($4.29M).

In 2018, the countries that had a largest trade value in imports than in exports of Iodine were China ($106M), India ($87.3M), United States ($83M), Italy ($54.2M), and Germany ($43.2M).

Trade Forecasts

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This section shows forecasts for total trade for Iodine. 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 Iodine was 4.31%.  The countries with the highest tariffs for importing Iodine were Turkmenistan (100%), Bahamas (40.2%), Bermuda (25%), Cuba (14.7%), and Maldives (14.7%).

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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.