HS Icon Nitrile Compounds

2926 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Nitrile Compounds. In 2019, Nitrile Compounds were the world's 447th most traded product, with a total trade of $6.18B. Between 2018 and 2019 the exports of Nitrile Compounds decreased by -6.19%, from $6.59B to $6.18B. Trade in Nitrile Compounds represent 0.034% of total world trade.

Exports In 2019 the top exporters of Nitrile Compounds  were United States ($1.22B), China ($1.19B), Germany ($458M), South Korea ($415M), and Netherlands ($405M).

Imports In 2019 the top importers of Nitrile Compounds were China ($897M), South Korea ($617M), India ($587M), Turkey ($367M), and United States ($334M).

Tariffs In 2018 the average tariff for Nitrile Compounds was 3.84%, making it the 1031st 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 199th in the Product Complexity Index (PCI).

Description Nitrile-function compounds are used in many ways. They are often used as plasticizers, or substances that make plastics more flexible. They are also used as lubricants, or substances that reduce friction. Nitrile-function compounds are also used in the production of tires and synthetic rubber.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $1.22B

Top Destination (2019): China, $897M

Nitrile Compounds are the world's 447th most traded product.

In 2019, the top exporters of Nitrile Compounds were United States ($1.22B), China ($1.19B), Germany ($458M), South Korea ($415M), and Netherlands ($405M).

In 2019, the top importers of Nitrile Compounds were China ($897M), South Korea ($617M), India ($587M), Turkey ($367M), and United States ($334M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $212M

Top Destination Growth (2018 - 2019): Brazil, $78M

Between 2018 and 2019, the exports of Nitrile Compounds grew the fastest in China ($212M), France ($42.8M), Latvia ($19M), Japan ($17.7M), and Switzerland ($17.2M).

Between 2018 and 2019, the fastest growing importers of Nitrile Compounds were Brazil ($78M), Netherlands ($63.1M), France ($13.6M), United Kingdom ($12.9M), and Switzerland ($10.7M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Nitrile Compounds.

In 2019,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Nitrile Compounds are explained by 13 countries.

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TOP NET EXPORTER (2019): United States, $887M

TOP NET IMPORTER (2019): India, $368M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Nitrile Compounds were United States ($887M), China ($293M), Chinese Taipei ($235M), Germany ($223M), and Russia ($214M).

In 2019, the countries that had a largest trade value in imports than in exports of Nitrile Compounds were India ($368M), Turkey ($333M), Italy ($255M), South Korea ($202M), and Mexico ($168M).

Disaggregation

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Value

In 2019, the world most traded Nitrile Compounds, disaggragated by their HS6 level were Nitrile-function compounds, nes ($3.34B), Acrylonitrile ($2.68B), and 1-cyanoguanidine (dicyandiamide) ($161M)

Import Tariffs

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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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Nitrile Compounds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.