HS Icon Nitrogen Heterocyclic Compounds

2933 (Harmonized System 1992 for 4-digit)

World Trade (2018): $73.6B, Rnk 36 / 1225

Top Exporter (2018): $17.6B, Ireland

Top Importer (2018): $14.7B, Germany

Export Growth (CAGR)(2017 - 2018): 32.5%, Rnk 153 / 1225

Mean Tariff (2018): 4.23%, Rnk 948 / 1259

Share of World Trade (2018): 0.4%, Rnk 36 / 1225

Overview:  This page contains the latest trade data of Nitrogen Heterocyclic Compounds. In 2018, Nitrogen Heterocyclic Compounds were the world's 36th most traded product, with a total trade of $73.6B. Between 2017 and 2018 the exports of Nitrogen Heterocyclic Compounds grew by 32.5%, from  $55.5B to $73.6B. Trade in Nitrogen Heterocyclic Compounds represent 0.4% of total world trade.

Exports: In 2018 the top exporters of Nitrogen Heterocyclic Compounds  were Ireland ($17.6B), Belgium-Luxembourg ($12.1B), Switzerland ($9.55B), China ($9.08B), and Germany ($3.88B).

Imports: In 2018 the top importers of Nitrogen Heterocyclic Compounds were Germany ($14.7B), United States ($11.2B), Switzerland ($6.37B), Belgium-Luxembourg ($5.88B), and Italy ($3.7B).

Tariffs: In 2018 the average tariff for Nitrogen Heterocyclic Compounds was 4.23%, been the 948 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nitrogen Heterocyclic Compounds are Bahamas (40.2%), Bermuda (25%), Iran (18%), Maldives (14.7%), and Algeria (13%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ireland, $17.6B

Top Destination (2018): Germany, $14.7B

Nitrogen Heterocyclic Compounds are the world's 36th most traded product.

In 2018, the top exporters of Nitrogen Heterocyclic Compounds were Ireland ($17.6B), Belgium-Luxembourg ($12.1B), Switzerland ($9.55B), China ($9.08B), and Germany ($3.88B).

In 2018, the top importers of Nitrogen Heterocyclic Compounds were Germany ($14.7B), United States ($11.2B), Switzerland ($6.37B), Belgium-Luxembourg ($5.88B), and Italy ($3.7B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $8.14B

Top Destination Growth (2017 - 2018): United States, $7.37B

Between 2017 and 2018, the exports of Nitrogen Heterocyclic Compounds grew the fastest in Belgium-Luxembourg ($8.14B), Ireland ($3.94B), Switzerland ($2.07B), China ($1.9B), and United Kingdom ($753M).

Between 2017 and 2018, the fastest growing importers of Nitrogen Heterocyclic Compounds were United States ($7.37B), Germany ($5.23B), Switzerland ($818M), Spain ($808M), and Italy ($807M).

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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 Nitrogen Heterocyclic Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.58. This means that most of the exports of Nitrogen Heterocyclic Compounds are explained by 11 countries.

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TOP NET EXPORTER (2018): Ireland, $15.7B

TOP NET IMPORTER (2018): Germany, $10.8B

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

In 2018, the countries that had a largest trade value in exports than in imports of Nitrogen Heterocyclic Compounds were Ireland ($15.7B), China ($6.32B), Belgium-Luxembourg ($6.21B), Switzerland ($3.18B), and United Kingdom ($1.6B).

In 2018, the countries that had a largest trade value in imports than in exports of Nitrogen Heterocyclic Compounds were Germany ($10.8B), United States ($8.6B), Spain ($2.21B), Italy ($2.18B), and Brazil ($2.11B).

Trade Forecasts

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This section shows forecasts for total trade for Nitrogen Heterocyclic Compounds. 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 Nitrogen Heterocyclic Compounds was 4.23%.  The countries with the highest tariffs for importing Nitrogen Heterocyclic Compounds were Bahamas (40.2%), Bermuda (25%), Iran (18%), Maldives (14.7%), and Algeria (13%).

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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.