HS Icon Nucleic Acids

2934 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $19.1B, Rnk 192 / 1217

2019
Top Exporter | Top Importer
: $4.43B | $5.74B, Ireland | United States

2019
Product Complexity
: 1.18, Rnk 101 / 961

2018 - 2019
Export Growth (CAGR)
: 5.62%, Rnk 141 / 1217

2018
Mean Tariff
: 4.19%, Rnk 958 / 1259

 2019
Share of World Trade
: 0.11%, Rnk 192 / 1217

Overview:  This page contains the latest trade data of Nucleic Acids. In 2019, Nucleic Acids were the world's 192nd most traded product, with a total trade of $19.1B. Between 2018 and 2019 the exports of Nucleic Acids grew by 5.62%, from  $18.1B to $19.1B. Trade in Nucleic Acids represent 0.11% of total world trade.

Exports: In 2019 the top exporters of Nucleic Acids  were Ireland ($4.43B), China ($3.23B), Switzerland ($1.52B), Germany ($1.33B), and Japan ($1.32B).

Imports: In 2019 the top importers of Nucleic Acids were United States ($5.74B), Germany ($1.66B), Japan ($1.09B), India ($722M), and France ($696M).

Tariffs: In 2018 the average tariff for Nucleic Acids was 4.19%, making it the 958th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nucleic Acids are Bahamas (40.2%), Bermuda (25%), Iran (17.4%), Maldives (14.7%), and Algeria (13%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Nucleic Acids ranks 101st in the Product Complexity Index (PCI).

Description: Nucleic acids are polymers of nucleotides that are the building blocks of DNA and RNA. RNA is a nucleic acid that is made up of ribose, phosphate, and nitrogenous bases. Nucleic acids are used in many biological processes, such as protein synthesis, DNA replication, and mRNA translation. Heterocyclic compounds are organic molecules that have a hetero atom (nitrogen or oxygen) in the ring. These compounds are used in many biological processes, such as DNA replication and protein synthesis.

Exporters and Importers

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Trade By Country

Top Origin (2019): Ireland, $4.43B

Top Destination (2019): United States, $5.74B

Nucleic Acids are the world's 192nd most traded product.

In 2019, the top exporters of Nucleic Acids were Ireland ($4.43B), China ($3.23B), Switzerland ($1.52B), Germany ($1.33B), and Japan ($1.32B).

In 2019, the top importers of Nucleic Acids were United States ($5.74B), Germany ($1.66B), Japan ($1.09B), India ($722M), and France ($696M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Ireland, $960M

Top Destination Growth (2018 - 2019): United States, $645M

Between 2018 and 2019, the exports of Nucleic Acids grew the fastest in Ireland ($960M), Switzerland ($260M), Japan ($212M), China ($156M), and Germany ($138M).

Between 2018 and 2019, the fastest growing importers of Nucleic Acids were United States ($645M), Germany ($247M), Netherlands ($165M), Brazil ($95.1M), and Switzerland ($82.8M).

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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 Nucleic Acids.

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

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TOP NET EXPORTER (2019): Ireland, $3.89B

TOP NET IMPORTER (2019): United States, $4.67B

This map shows which countries export or import more of Nucleic Acids. Each country is colored based on the difference in exports and imports of Nucleic Acids during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Nucleic Acids were Ireland ($3.89B), China ($2.72B), Switzerland ($919M), Belgium ($641M), and United Kingdom ($379M).

In 2019, the countries that had a largest trade value in imports than in exports of Nucleic Acids were United States ($4.67B), Brazil ($640M), Canada ($403M), France ($352M), and Germany ($334M).

Disaggregation

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Value

In 2019, the world most traded Nucleic Acids, disaggragated by their HS6 level were Heterocyclic compounds, nes ($15.9B), Heterocyclic compounds with an unfused thiazole... ($2.23B), Heterocyclic compounds containing a benzothiazole rin ($835M), and Heterocyclic compounds containing a phenothiazine rin ($121M)

Import Tariffs

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In 2018, the average tariff for importing Nucleic Acids was 4.19%.  The countries with the highest tariffs for importing Nucleic Acids were Bahamas (40.2%), Bermuda (25%), Iran (17.4%), 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.