HS Icon Sodium hydroxide (caustic soda) solid

281511 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.09B, Rnk 1926 / 4726

Top Exporter (2018): $404M, China

Top Importer (2018): $65.9M, Vietnam

Product Complexity (2018): -1.18, Rnk 4188 / 4873

Export Growth (CAGR)(2017 - 2018): 32.2%, Rnk 716 / 4726

Mean Tariff (2018): 6.19%, Rnk 3505 / 6538

Share of World Trade (2018): 0.0059%, Rnk 1926 / 4726

Overview:  This page contains the latest trade data of Sodium hydroxide (caustic soda) solid. In 2018, Sodium hydroxide (caustic soda) solid were the world's 1926th most traded product, with a total trade of $1.09B. Between 2017 and 2018 the exports of Sodium hydroxide (caustic soda) solid grew by 32.2%, from  $821M to $1.09B. Trade in Sodium hydroxide (caustic soda) solid represent 0.0059% of total world trade.

Exports: In 2018 the top exporters of Sodium hydroxide (caustic soda) solid  were China ($404M), India ($110M), Russia ($64.1M), Chinese Taipei ($56.7M), and Poland ($45.4M).

Imports: In 2018 the top importers of Sodium hydroxide (caustic soda) solid were Vietnam ($65.9M), Nigeria ($45.4M), Indonesia ($41.4M), United States ($32.2M), and Uzbekistan ($29.2M).

Tariffs: In 2018 the average tariff for Sodium hydroxide (caustic soda) solid was 6.19%, been the 3505 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sodium hydroxide (caustic soda) solid are Bahamas (40.2%), Bangladesh (25%), Bermuda (25%), Bulgaria (20.9%), and Turkmenistan (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritania (0%), and Mauritius (0%).

Ranking: Sodium hydroxide (caustic soda) solid ranks 4188th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $404M

Top Destination (2018): Vietnam, $65.9M

Sodium hydroxide (caustic soda) solid are the world's 1926th most traded product.

In 2018, the top exporters of Sodium hydroxide (caustic soda) solid were China ($404M), India ($110M), Russia ($64.1M), Chinese Taipei ($56.7M), and Poland ($45.4M).

In 2018, the top importers of Sodium hydroxide (caustic soda) solid were Vietnam ($65.9M), Nigeria ($45.4M), Indonesia ($41.4M), United States ($32.2M), and Uzbekistan ($29.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $96.8M

Top Destination Growth (2017 - 2018): Vietnam, $21.6M

Between 2017 and 2018, the exports of Sodium hydroxide (caustic soda) solid grew the fastest in China ($96.8M), India ($33.5M), Chinese Taipei ($25.5M), Saudi Arabia ($20M), and Russia ($13.8M).

Between 2017 and 2018, the fastest growing importers of Sodium hydroxide (caustic soda) solid were Vietnam ($21.6M), India ($15M), Indonesia ($14.7M), Nigeria ($12.3M), and United States ($11.1M).

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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 hydroxide (caustic soda) solid.

In 2018,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Sodium hydroxide (caustic soda) solid are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $397M

TOP NET IMPORTER (2018): Vietnam, $65.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sodium hydroxide (caustic soda) solid were China ($397M), India ($89.6M), Chinese Taipei ($55.2M), Russia ($47.5M), and France ($34.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Sodium hydroxide (caustic soda) solid were Vietnam ($65.9M), Nigeria ($45.3M), Indonesia ($39.5M), Tanzania ($24.9M), and Brazil ($21.5M).

Trade Forecasts

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This section shows forecasts for total trade for Sodium hydroxide (caustic soda) solid. 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 hydroxide (caustic soda) solid was 6.19%.  The countries with the highest tariffs for importing Sodium hydroxide (caustic soda) solid were Bahamas (40.2%), Bangladesh (25%), Bermuda (25%), Bulgaria (20.9%), and Turkmenistan (20%).

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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.