HS Icon Selenium

280490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $228M, Rnk 3558 / 4726

Top Exporter (2018): $56.2M, Hong Kong

Top Importer (2018): $73.9M, China

Product Complexity (2018): 0.09, Rnk 2458 / 4873

Export Growth (CAGR)(2017 - 2018): 43.1%, Rnk 443 / 4726

Mean Tariff (2018): 2.17%, Rnk 6140 / 6538

Share of World Trade (2018): 0.0012%, Rnk 3558 / 4726

Overview:  This page contains the latest trade data of Selenium. In 2018, Selenium were the world's 3558th most traded product, with a total trade of $228M. Between 2017 and 2018 the exports of Selenium grew by 43.1%, from  $159M to $228M. Trade in Selenium represent 0.0012% of total world trade.

Exports: In 2018 the top exporters of Selenium  were Hong Kong ($56.2M), China ($22.9M), Japan ($22.1M), Belgium-Luxembourg ($16M), and South Korea ($15.6M).

Imports: In 2018 the top importers of Selenium were China ($73.9M), Hong Kong ($44.4M), United States ($16.9M), Netherlands ($16.1M), and Germany ($14.8M).

Tariffs: In 2018 the average tariff for Selenium was 2.17%, been the 6140 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Selenium are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Selenium ranks 2458th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Hong Kong, $56.2M

Top Destination (2018): China, $73.9M

Selenium are the world's 3558th most traded product.

In 2018, the top exporters of Selenium were Hong Kong ($56.2M), China ($22.9M), Japan ($22.1M), Belgium-Luxembourg ($16M), and South Korea ($15.6M).

In 2018, the top importers of Selenium were China ($73.9M), Hong Kong ($44.4M), United States ($16.9M), Netherlands ($16.1M), and Germany ($14.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Hong Kong, $48.7M

Top Destination Growth (2017 - 2018): China, $32.7M

Between 2017 and 2018, the exports of Selenium grew the fastest in Hong Kong ($48.7M), China ($11.7M), Belgium-Luxembourg ($4.82M), Chile ($4.42M), and Finland ($4.1M).

Between 2017 and 2018, the fastest growing importers of Selenium were China ($32.7M), Netherlands ($10.2M), Germany ($7.21M), Hong Kong ($5.78M), and India ($4.45M).

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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 Selenium.

In 2018,  market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Selenium are explained by 15 countries.

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TOP NET EXPORTER (2018): Japan, $21.2M

TOP NET IMPORTER (2018): China, $51M

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

In 2018, the countries that had a largest trade value in exports than in imports of Selenium were Japan ($21.2M), South Korea ($12.9M), Hong Kong ($11.8M), Canada ($10.7M), and Belgium-Luxembourg ($9.23M).

In 2018, the countries that had a largest trade value in imports than in exports of Selenium were China ($51M), Netherlands ($10.7M), United States ($10.1M), India ($10.1M), and Germany ($2.92M).

Trade Forecasts

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This section shows forecasts for total trade for Selenium. 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 Selenium was 2.17%.  The countries with the highest tariffs for importing Selenium were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (13.3%), 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.