Nitrile Compounds2926 (Harmonized System 1992 for 4-digit)
World Trade (2018): $6.57B, Rnk 439 / 1225
Top Exporter (2018): $1.46B, United States
Top Importer (2018): $912M, China
Product Complexity (2018): 0.9, Rnk 205 / 1018
Export Growth (CAGR)(2017 - 2018): 34.4%, Rnk 138 / 1225
Mean Tariff (2018): 3.84%, Rnk 1031 / 1259
Share of World Trade (2018): 0.036%, Rnk 439 / 1225
Overview: This page contains the latest trade data of Nitrile Compounds. In 2018, Nitrile Compounds were the world's 439th most traded product, with a total trade of $6.57B. Between 2017 and 2018 the exports of Nitrile Compounds grew by 34.4%, from $4.89B to $6.57B. Trade in Nitrile Compounds represent 0.036% of total world trade.
Exports: In 2018 the top exporters of Nitrile Compounds were United States ($1.46B), China ($980M), Netherlands ($488M), South Korea ($469M), and Germany ($446M).
Imports: In 2018 the top importers of Nitrile Compounds were China ($912M), South Korea ($755M), India ($597M), Turkey ($426M), and Belgium-Luxembourg ($336M).
Tariffs: In 2018 the average tariff for Nitrile Compounds was 3.84%, been the 1031 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Nitrile Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), and Romania (12.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Nitrile Compounds ranks 205th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): United States, $1.46B
Top Destination (2018): China, $912M
Nitrile Compounds are the world's 439th most traded product.
In 2018, the top exporters of Nitrile Compounds were United States ($1.46B), China ($980M), Netherlands ($488M), South Korea ($469M), and Germany ($446M).
In 2018, the top importers of Nitrile Compounds were China ($912M), South Korea ($755M), India ($597M), Turkey ($426M), and Belgium-Luxembourg ($336M).
Trade by country
Top Origin Growth (2017 - 2018): United States, $716M
Top Destination Growth (2017 - 2018): South Korea, $413M
Between 2017 and 2018, the exports of Nitrile Compounds grew the fastest in United States ($716M), Chinese Taipei ($215M), China ($202M), Netherlands ($126M), and Germany ($101M).
Between 2017 and 2018, the fastest growing importers of Nitrile Compounds were South Korea ($413M), China ($260M), India ($249M), Italy ($115M), and Belgium-Luxembourg ($109M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Nitrile Compounds.
In 2018, market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Nitrile Compounds are explained by 13 countries.
TOP NET EXPORTER (2018): United States, $1.13B
TOP NET IMPORTER (2018): Turkey, $396M
This map shows which countries export or import more of Nitrile Compounds. Each country is colored based on the difference in exports and imports of Nitrile Compounds during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Nitrile Compounds were United States ($1.13B), Netherlands ($290M), Chinese Taipei ($226M), Russia ($210M), and Germany ($167M).
In 2018, the countries that had a largest trade value in imports than in exports of Nitrile Compounds were Turkey ($396M), India ($382M), Italy ($290M), South Korea ($285M), and Mexico ($207M).
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.
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