HS Icon Sodium

280511 (Harmonized System 1992 for 6-digit)

World Trade (2018): $108M, Rnk 4063 / 4726

Top Exporter (2018): $50.6M, France

Top Importer (2018): $41.1M, United States

Product Complexity (2018): -0.6, Rnk 3512 / 4873

Export Growth (CAGR)(2017 - 2018): 10.9%, Rnk 2536 / 4726

Mean Tariff (2018): 3.73%, Rnk 5235 / 6538

Share of World Trade (2018): 0.00059%, Rnk 4063 / 4726

Overview:  This page contains the latest trade data of Sodium. In 2018, Sodium were the world's 4063rd most traded product, with a total trade of $108M. Between 2017 and 2018 the exports of Sodium grew by 10.9%, from  $97.2M to $108M. Trade in Sodium represent 0.00059% of total world trade.

Exports: In 2018 the top exporters of Sodium  were France ($50.6M), China ($44.2M), Australia ($3.03M), United States ($2.75M), and United Kingdom ($1.17M).

Imports: In 2018 the top importers of Sodium were United States ($41.1M), India ($21.5M), Germany ($13.9M), Japan ($6.38M), and New Zealand ($2.83M).

Tariffs: In 2018 the average tariff for Sodium was 3.73%, been the 5235 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sodium are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Sodium ranks 3512th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $50.6M

Top Destination (2018): United States, $41.1M

Sodium are the world's 4063rd most traded product.

In 2018, the top exporters of Sodium were France ($50.6M), China ($44.2M), Australia ($3.03M), United States ($2.75M), and United Kingdom ($1.17M).

In 2018, the top importers of Sodium were United States ($41.1M), India ($21.5M), Germany ($13.9M), Japan ($6.38M), and New Zealand ($2.83M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $6.1M

Top Destination Growth (2017 - 2018): United States, $6.47M

Between 2017 and 2018, the exports of Sodium grew the fastest in China ($6.1M), Australia ($2.82M), France ($2.71M), United States ($930k), and Israel ($346k).

Between 2017 and 2018, the fastest growing importers of Sodium were United States ($6.47M), New Zealand ($2.81M), Germany ($1.67M), Thailand ($1.4M), and Japan ($666k).

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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 Sodium.

In 2018,  market concentration measured using Shannon Entropy, was 1.87. This means that most of the exports of Sodium are explained by 3 countries.

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TOP NET EXPORTER (2018): France, $48.7M

TOP NET IMPORTER (2018): United States, $38.4M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sodium were France ($48.7M), China ($43.8M), Australia ($2.99M), Israel ($336k), and Spain ($176k).

In 2018, the countries that had a largest trade value in imports than in exports of Sodium were United States ($38.4M), India ($21.1M), Germany ($13.2M), Japan ($6.12M), and Thailand ($1.45M).

Trade Forecasts

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This section shows forecasts for total trade for Sodium. 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 Sodium was 3.73%.  The countries with the highest tariffs for importing Sodium were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%).

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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.