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.
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).
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).
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.
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).
In 2018, the average tariff for importing Nitrile Compounds was 3.84%. The countries with the highest tariffs for importing Nitrile Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), and Romania (12.5%).
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.