HS Icon Other Organic Compounds

2942 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.48B, Rnk 820 / 1225

Top Exporter (2018): $682M, India

Top Importer (2018): $91M, United States

Export Growth (CAGR)(2017 - 2018): 57.6%, Rnk 54 / 1225

Mean Tariff (2018): 4.41%, Rnk 925 / 1259

Share of World Trade (2018): 0.008%, Rnk 820 / 1225

Overview:  This page contains the latest trade data of Other Organic Compounds. In 2018, Other Organic Compounds were the world's 820th most traded product, with a total trade of $1.48B. Between 2017 and 2018 the exports of Other Organic Compounds grew by 57.6%, from  $936M to $1.48B. Trade in Other Organic Compounds represent 0.008% of total world trade.

Exports: In 2018 the top exporters of Other Organic Compounds  were India ($682M), United States ($132M), China ($113M), United Arab Emirates ($61.8M), and South Korea ($51.6M).

Imports: In 2018 the top importers of Other Organic Compounds were United States ($91M), Germany ($86.9M), Japan ($85.2M), China ($79.1M), and South Korea ($70.7M).

Tariffs: In 2018 the average tariff for Other Organic Compounds was 4.41%, been the 925 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Organic Compounds are Bahamas (40.2%), Iran (27.3%), Bermuda (25%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritania (0%), and Mauritius (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $682M

Top Destination (2018): United States, $91M

Other Organic Compounds are the world's 820th most traded product.

In 2018, the top exporters of Other Organic Compounds were India ($682M), United States ($132M), China ($113M), United Arab Emirates ($61.8M), and South Korea ($51.6M).

In 2018, the top importers of Other Organic Compounds were United States ($91M), Germany ($86.9M), Japan ($85.2M), China ($79.1M), and South Korea ($70.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $394M

Top Destination Growth (2017 - 2018): United States, $88.8M

Between 2017 and 2018, the exports of Other Organic Compounds grew the fastest in India ($394M), United Arab Emirates ($60.9M), South Korea ($29M), China ($28.7M), and Chinese Taipei ($18.7M).

Between 2017 and 2018, the fastest growing importers of Other Organic Compounds were United States ($88.8M), Hong Kong ($48.2M), South Korea ($42.3M), Egypt ($37.1M), and Germany ($35.8M).

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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 Other Organic Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.38. This means that most of the exports of Other Organic Compounds are explained by 10 countries.

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TOP NET EXPORTER (2018): India, $638M

TOP NET IMPORTER (2018): Germany, $65.7M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Organic Compounds were India ($638M), United Arab Emirates ($49.2M), United States ($40.7M), China ($34M), and Philippines ($12.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Organic Compounds were Germany ($65.7M), Hong Kong ($50.5M), Japan ($39.8M), Bangladesh ($39.5M), and Egypt ($37.3M).

Trade Forecasts

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This section shows forecasts for total trade for Other Organic 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 Other Organic Compounds was 4.41%.  The countries with the highest tariffs for importing Other Organic Compounds were Bahamas (40.2%), Iran (27.3%), Bermuda (25%), Maldives (14.7%), and Algeria (12.2%).

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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.