HS Icon Potassium carbonates

283640 (Harmonized System 1992 for 6-digit)

World Trade (2018): $274M, Rnk 3405 / 4726

Top Exporter (2018): $67M, South Korea

Top Importer (2018): $30.8M, United States

Product Complexity (2018): 0.46, Rnk 1751 / 4873

Export Growth (CAGR)(2017 - 2018): 18.5%, Rnk 1516 / 4726

Mean Tariff (2018): 3.42%, Rnk 5453 / 6538

Share of World Trade (2018): 0.0015%, Rnk 3405 / 4726

Overview:  This page contains the latest trade data of Potassium carbonates. In 2018, Potassium carbonates were the world's 3405th most traded product, with a total trade of $274M. Between 2017 and 2018 the exports of Potassium carbonates grew by 18.5%, from  $231M to $274M. Trade in Potassium carbonates represent 0.0015% of total world trade.

Exports: In 2018 the top exporters of Potassium carbonates  were South Korea ($67M), Germany ($40.6M), Russia ($28M), France ($23.4M), and United States ($18.5M).

Imports: In 2018 the top importers of Potassium carbonates were United States ($30.8M), India ($19.7M), Germany ($14.2M), United Kingdom ($13.6M), and Spain ($12.5M).

Tariffs: In 2018 the average tariff for Potassium carbonates was 3.42%, been the 5453 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Potassium carbonates are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Potassium carbonates ranks 1751st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $67M

Top Destination (2018): United States, $30.8M

Potassium carbonates are the world's 3405th most traded product.

In 2018, the top exporters of Potassium carbonates were South Korea ($67M), Germany ($40.6M), Russia ($28M), France ($23.4M), and United States ($18.5M).

In 2018, the top importers of Potassium carbonates were United States ($30.8M), India ($19.7M), Germany ($14.2M), United Kingdom ($13.6M), and Spain ($12.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $11.8M

Top Destination Growth (2017 - 2018): United States, $10.9M

Between 2017 and 2018, the exports of Potassium carbonates grew the fastest in Ireland ($11.8M), Russia ($5.93M), Germany ($5.04M), Cote d'Ivoire ($3.85M), and United States ($3.83M).

Between 2017 and 2018, the fastest growing importers of Potassium carbonates were United States ($10.9M), France ($5.29M), Spain ($4.16M), Germany ($4.15M), and Canada ($3.83M).

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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 Potassium carbonates.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Potassium carbonates are explained by 12 countries.

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TOP NET EXPORTER (2018): South Korea, $64.8M

TOP NET IMPORTER (2018): India, $18M

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

In 2018, the countries that had a largest trade value in exports than in imports of Potassium carbonates were South Korea ($64.8M), Russia ($27.1M), Germany ($26.4M), France ($14.8M), and China ($12.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Potassium carbonates were India ($18M), United States ($12.3M), United Kingdom ($11.8M), Netherlands ($9.06M), and Canada ($8.58M).

Trade Forecasts

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This section shows forecasts for total trade for Potassium carbonates. 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 Potassium carbonates was 3.42%.  The countries with the highest tariffs for importing Potassium carbonates were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%).

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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.