HS Icon Oxygen Amino Compounds

2922 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $18B, Rnk 204 / 1217

2019
Top Exporter | Top Importer
: $4.1B | $3.3B, Singapore | Germany

2019
Product Complexity
: 0.13, Rnk 485 / 961

2018 - 2019
Export Growth (CAGR)
: -16%, Rnk 1095 / 1217

2018
Mean Tariff
: 4.42%, Rnk 923 / 1259

 2019
Share of World Trade
: 0.099%, Rnk 204 / 1217

Overview:  This page contains the latest trade data of Oxygen Amino Compounds. In 2019, Oxygen Amino Compounds were the world's 204th most traded product, with a total trade of $18B. Between 2018 and 2019 the exports of Oxygen Amino Compounds decreased by -16%, from  $21.4B to $18B. Trade in Oxygen Amino Compounds represent 0.099% of total world trade.

Exports: In 2019 the top exporters of Oxygen Amino Compounds  were Singapore ($4.1B), China ($3.98B), Belgium ($1.67B), United States ($966M), and Germany ($932M).

Imports: In 2019 the top importers of Oxygen Amino Compounds were Germany ($3.3B), Belgium ($2.21B), United States ($2.06B), India ($848M), and Japan ($713M).

Tariffs: In 2018 the average tariff for Oxygen Amino Compounds was 4.42%, making it the 923rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Oxygen Amino Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Romania (13.5%), and Iran (11.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Oxygen Amino Compounds ranks 485th in the Product Complexity Index (PCI).

Description: Amino acids are the building blocks of proteins. Proteins are important for many bodily functions such as digestion, muscle development, and the immune system. Amino acids can be used to make hormones, neurotransmitters, and enzymes.

Exporters and Importers

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Trade By Country

Top Origin (2019): Singapore, $4.1B

Top Destination (2019): Germany, $3.3B

Oxygen Amino Compounds are the world's 204th most traded product.

In 2019, the top exporters of Oxygen Amino Compounds were Singapore ($4.1B), China ($3.98B), Belgium ($1.67B), United States ($966M), and Germany ($932M).

In 2019, the top importers of Oxygen Amino Compounds were Germany ($3.3B), Belgium ($2.21B), United States ($2.06B), India ($848M), and Japan ($713M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $263M

Top Destination Growth (2018 - 2019): Myanmar, $79.8M

Between 2018 and 2019, the exports of Oxygen Amino Compounds grew the fastest in China ($263M), India ($148M), Panama ($15.3M), Chinese Taipei ($9.35M), and Canada ($6.66M).

Between 2018 and 2019, the fastest growing importers of Oxygen Amino Compounds were Myanmar ($79.8M), India ($51.9M), Iran ($42M), Egypt ($40M), and Vietnam ($24.3M).

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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 Oxygen Amino Compounds.

In 2019,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Oxygen Amino Compounds are explained by 14 countries.

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TOP NET EXPORTER (2019): Singapore, $3.99B

TOP NET IMPORTER (2019): Germany, $2.37B

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

In 2019, the countries that had a largest trade value in exports than in imports of Oxygen Amino Compounds were Singapore ($3.99B), China ($3.57B), Ireland ($423M), Saudi Arabia ($237M), and Switzerland ($217M).

In 2019, the countries that had a largest trade value in imports than in exports of Oxygen Amino Compounds were Germany ($2.37B), United States ($1.09B), Belgium ($546M), Panama ($438M), and Japan ($405M).

Disaggregation

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Value

In 2019, the world most traded Oxygen Amino Compounds, disaggragated by their HS6 level were Amino-acids nes, esters, salts thereof ($7.79B), Amino-alcohol-phenols etc with oxygen function ($3.12B), Amino-alcohols nes, their ethers and esters,... ($2.02B), Glutamic acid, salts ($1.48B), and Lysine, esters, salts thereof ($1.47B)

Import Tariffs

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In 2018, the average tariff for importing Oxygen Amino Compounds was 4.42%.  The countries with the highest tariffs for importing Oxygen Amino Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Romania (13.5%), and Iran (11.3%).

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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.