HS Icon Salt (sodium chloride) including solution, salt water

250100 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $3.4B, Rnk 885 / 4648

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

2019
Product Complexity
: -1.21, Rnk 4177 / 4826

2018 - 2019
Export Growth (CAGR)
: 1.1%, Rnk 1299 / 4648

2018
Mean Tariff
: 5.09%, Rnk 4074 / 6538

 2019
Share of World Trade
: 0.019%, Rnk 885 / 4648

Overview:  This page contains the latest trade data of Salt (sodium chloride) including solution, salt water. In 2019, Salt (sodium chloride) including solution, salt water were the world's 885th most traded product, with a total trade of $3.4B. Between 2018 and 2019 the exports of Salt (sodium chloride) including solution, salt water grew by 1.1%, from  $3.37B to $3.4B. Trade in Salt (sodium chloride) including solution, salt water represent 0.019% of total world trade.

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

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

Tariffs: In 2018 the average tariff for Salt (sodium chloride) including solution, salt water was 5.09%, making it the 4074th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Salt (sodium chloride) including solution, salt water 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 (sodium chloride) including solution, salt water ranks 4177th in the Product Complexity Index (PCI).

Description: Salt is a mineral, and is used to flavor food, preserve food, and add minerals to the body. It is important to add salt to a diet without enough sodium, because it helps to regulate body fluids.

Exporters and Importers

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Trade By Country

Top Origin (2019): Netherlands, $300M

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

Salt (sodium chloride) including solution, salt water are the world's 885th most traded product.

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

In 2019, the top importers of Salt (sodium chloride) including solution, salt water 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 (sodium chloride) including solution, salt water 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 (sodium chloride) including solution, salt water 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 (sodium chloride) including solution, salt water.

In 2019,  market concentration measured using Shannon Entropy, was 5.05. This means that most of the exports of Salt (sodium chloride) including solution, salt water 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 (sodium chloride) including solution, salt water. Each country is colored based on the difference in exports and imports of Salt (sodium chloride) including solution, salt water during 2019.

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

Import Tariffs

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In 2018, the average tariff for importing Salt (sodium chloride) including solution, salt water was 5.09%.  The countries with the highest tariffs for importing Salt (sodium chloride) including solution, salt water 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.