Nitrile Compounds2926 (Harmonized System 1992 for 4-digit)
2019 World Trade: $6.18B, Rnk 447 / 1217
2019 Top Exporter | Top Importer: $1.22B | $897M, United States | China
2019 Product Complexity: 0.86, Rnk 199 / 961
2018 - 2019 Export Growth (CAGR): -6.19%, Rnk 799 / 1217
2018 Mean Tariff: 3.84%, Rnk 1031 / 1259
2019 Share of World Trade: 0.034%, Rnk 447 / 1217
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.