HS Icon Synthetic Coloring Matter

3204 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Synthetic Coloring Matter. In 2019, Synthetic Coloring Matter were the world's 245th most traded product, with a total trade of $14.3B. Between 2018 and 2019 the exports of Synthetic Coloring Matter grew by 0.79%, from $14.2B to $14.3B. Trade in Synthetic Coloring Matter represent 0.079% of total world trade.

Exports: In 2019 the top exporters of Synthetic Coloring Matter  were China ($3.05B), India ($2.85B), Germany ($1.45B), United States ($871M), and South Korea ($655M).

Imports: In 2019 the top importers of Synthetic Coloring Matter were China ($900M), United States ($882M), Germany ($851M), South Korea ($719M), and Turkey ($630M).

Tariffs: In 2018 the average tariff for Synthetic Coloring Matter was 3.52%, making it the 1077th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Synthetic Coloring Matter are Bahamas (40.2%), Bermuda (25%), Azerbaijan (14.4%), Pakistan (14.3%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Synthetic Coloring Matter ranks 258th in the Product Complexity Index (PCI).

Description: Colouring matter is used to dye fabrics or produce colorant preparations. Synthetic organic products are used as fluorescent brightening agents or as luminophores.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $3.05B

Top Destination (2019): China, $900M

Synthetic Coloring Matter are the world's 245th most traded product.

In 2019, the top exporters of Synthetic Coloring Matter were China ($3.05B), India ($2.85B), Germany ($1.45B), United States ($871M), and South Korea ($655M).

In 2019, the top importers of Synthetic Coloring Matter were China ($900M), United States ($882M), Germany ($851M), South Korea ($719M), and Turkey ($630M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $244M

Top Destination Growth (2018 - 2019): Turkey, $97.1M

Between 2018 and 2019, the exports of Synthetic Coloring Matter grew the fastest in India ($244M), United States ($68M), Turkey ($48.2M), South Korea ($30.6M), and United Arab Emirates ($12.5M).

Between 2018 and 2019, the fastest growing importers of Synthetic Coloring Matter were Turkey ($97.1M), China ($81.1M), Vietnam ($45.5M), Netherlands ($38.3M), and Iran ($37.1M).

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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 Synthetic Coloring Matter.

In 2019,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Synthetic Coloring Matter are explained by 16 countries.

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TOP NET EXPORTER (2019): India, $2.53B

TOP NET IMPORTER (2019): Turkey, $495M

This map shows which countries export or import more of Synthetic Coloring Matter. Each country is colored based on the difference in exports and imports of Synthetic Coloring Matter during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Synthetic Coloring Matter were India ($2.53B), China ($2.15B), Germany ($603M), Switzerland ($245M), and Japan ($64.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Synthetic Coloring Matter were Turkey ($495M), Bangladesh ($476M), Vietnam ($426M), Pakistan ($299M), and Italy ($299M).

Disaggregation

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Value

In 2019, the world most traded Synthetic Coloring Matter, disaggragated by their HS6 level were Synthetic organic pigments and preps based... ($5.01B), Synthetic organic colouring matter nes ($1.8B), Reactive dyes and preparations based thereon ($1.78B), Disperse dyes and preparations based thereon ($1.68B), and Acid and mordant dyes and preparations... ($942M)

Import Tariffs

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In 2018, the average tariff for importing Synthetic Coloring Matter was 3.52%. The countries with the highest tariffs for importing Synthetic Coloring Matter were Bahamas (40.2%), Bermuda (25%), Azerbaijan (14.4%), Pakistan (14.3%), and Aruba (12%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Synthetic Coloring Matter to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.