HS Icon Sodium hydroxide (caustic soda) solid

281511 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $803M, Rnk 2272 / 4648

2019
Top Exporter | Top Importer
: $274M | $36.2M, China | Vietnam

2019
Product Complexity
: -1.3, Rnk 4251 / 4826

2018 - 2019
Export Growth (CAGR)
: -27.4%, Rnk 4425 / 4648

2018
Mean Tariff
: 6.19%, Rnk 3505 / 6538

 2019
Share of World Trade
: 0.0044%, Rnk 2272 / 4648

Overview:  This page contains the latest trade data of Sodium hydroxide (caustic soda) solid. In 2019, Sodium hydroxide (caustic soda) solid were the world's 2272nd most traded product, with a total trade of $803M. Between 2018 and 2019 the exports of Sodium hydroxide (caustic soda) solid decreased by -27.4%, from  $1.11B to $803M. Trade in Sodium hydroxide (caustic soda) solid represent 0.0044% of total world trade.

Exports: In 2019 the top exporters of Sodium hydroxide (caustic soda) solid  were China ($274M), India ($71.6M), Chinese Taipei ($42.5M), Russia ($42.2M), and France ($39.5M).

Imports: In 2019 the top importers of Sodium hydroxide (caustic soda) solid were Vietnam ($36.2M), Nigeria ($34.6M), Cote d'Ivoire ($27.5M), Brazil ($25.1M), and Uzbekistan ($24.6M).

Tariffs: In 2018 the average tariff for Sodium hydroxide (caustic soda) solid was 6.19%, making it the 3505th 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 4251st in the Product Complexity Index (PCI).

Description: Sodium hydroxide is used in the production of soap and in the production of a variety of chemicals such as ethylene oxide and formaldehyde. Sodium hydroxide is also used in the production of paper, textiles, rayon, and plastics. Sodium hydroxide is also used in the production of sodium carbonate, which is used to make glass.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $274M

Top Destination (2019): Vietnam, $36.2M

Sodium hydroxide (caustic soda) solid are the world's 2272nd most traded product.

In 2019, the top exporters of Sodium hydroxide (caustic soda) solid were China ($274M), India ($71.6M), Chinese Taipei ($42.5M), Russia ($42.2M), and France ($39.5M).

In 2019, the top importers of Sodium hydroxide (caustic soda) solid were Vietnam ($36.2M), Nigeria ($34.6M), Cote d'Ivoire ($27.5M), Brazil ($25.1M), and Uzbekistan ($24.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $3.69M

Top Destination Growth (2018 - 2019): Cote d'Ivoire, $8.01M

Between 2018 and 2019, the exports of Sodium hydroxide (caustic soda) solid grew the fastest in United Arab Emirates ($3.69M), Bangladesh ($2.88M), Qatar ($2.33M), Turkey ($1.34M), and Indonesia ($525k).

Between 2018 and 2019, the fastest growing importers of Sodium hydroxide (caustic soda) solid were Cote d'Ivoire ($8.01M), Djibouti ($4.62M), Cameroon ($4.61M), Brazil ($3.29M), and Myanmar ($1.41M).

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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 2019,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Sodium hydroxide (caustic soda) solid are explained by 15 countries.

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TOP NET EXPORTER (2019): China, $266M

TOP NET IMPORTER (2019): Vietnam, $35.9M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Sodium hydroxide (caustic soda) solid were China ($266M), India ($62.6M), Chinese Taipei ($41.2M), France ($30.9M), and Russia ($27.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Sodium hydroxide (caustic soda) solid were Vietnam ($35.9M), Nigeria ($34.5M), Cote d'Ivoire ($25.6M), Brazil ($24.9M), and Indonesia ($19.4M).

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.