HS Icon Salt

2501 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.4B, Rnk 596 / 1217

2019
Top Exporter | Top Importer
: $300M | $600M, Netherlands | United States

2019
Product Complexity
: -1.23, Rnk 831 / 961

2018 - 2019
Export Growth (CAGR)
: 1.1%, Rnk 323 / 1217

2018
Mean Tariff
: 5.09%, Rnk 813 / 1259

 2019
Share of World Trade
: 0.019%, Rnk 596 / 1217

Overview:  This page contains the latest trade data of Salt. In 2019, Salt were the world's 596th most traded product, with a total trade of $3.4B. Between 2018 and 2019 the exports of Salt grew by 1.1%, from  $3.37B to $3.4B. Trade in Salt represent 0.019% of total world trade.

Exports: In 2019 the top exporters of Salt  were Netherlands ($300M), India ($278M), Germany ($268M), Mexico ($217M), and Canada ($209M).

Imports: In 2019 the top importers of Salt were United States ($600M), Japan ($206M), Germany ($180M), Canada ($166M), and Belgium ($161M).

Tariffs: In 2018 the average tariff for Salt was 5.09%, making it the 813th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Salt are Vietnam (50.6%), Turkmenistan (40%), Angola (40%), Afghanistan (40%), and Panama (34.5%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Salt ranks 831st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Netherlands, $300M

Top Destination (2019): United States, $600M

Salt are the world's 596th most traded product.

In 2019, the top exporters of Salt were Netherlands ($300M), India ($278M), Germany ($268M), Mexico ($217M), and Canada ($209M).

In 2019, the top importers of Salt were United States ($600M), Japan ($206M), Germany ($180M), Canada ($166M), and Belgium ($161M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $64.9M

Top Destination Growth (2018 - 2019): Indonesia, $55.4M

Between 2018 and 2019, the exports of Salt grew the fastest in Australia ($64.9M), Canada ($41.9M), Egypt ($39.5M), India ($21.5M), and Mexico ($15.5M).

Between 2018 and 2019, the fastest growing importers of Salt were Indonesia ($55.4M), United States ($28.1M), Japan ($18.3M), Canada ($18.2M), and Netherlands ($10.8M).

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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 Salt.

In 2019,  market concentration measured using Shannon Entropy, was 5.05. This means that most of the exports of Salt are explained by 33 countries.

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TOP NET EXPORTER (2019): India, $269M

TOP NET IMPORTER (2019): United States, $442M

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

In 2019, the countries that had a largest trade value in exports than in imports of Salt were India ($269M), Netherlands ($237M), Mexico ($201M), Australia ($165M), and Chile ($154M).

In 2019, the countries that had a largest trade value in imports than in exports of Salt were United States ($442M), Japan ($202M), South Korea ($101M), Russia ($86.3M), and Indonesia ($81M).

Disaggregation

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Value

In 2019, the world most traded Salt, disaggragated by their HS6 level were Salt (sodium chloride) including solution, salt... ($3.4B)

Import Tariffs

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In 2018, the average tariff for importing Salt was 5.09%.  The countries with the highest tariffs for importing Salt were Vietnam (50.6%), Turkmenistan (40%), Angola (40%), Afghanistan (40%), and Panama (34.5%).

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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.