HS Icon Synthetic organic tanning substances

320210 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $352M, Rnk 3112 / 4648

2019
Top Exporter | Top Importer
: $79M | $66.1M, Italy | China

2019
Product Complexity
: -0.12, Rnk 2819 / 4826

2018 - 2019
Export Growth (CAGR)
: -13.1%, Rnk 3758 / 4648

2018
Mean Tariff
: 4.7%, Rnk 4382 / 6538

 2019
Share of World Trade
: 0.0019%, Rnk 3112 / 4648

Overview:  This page contains the latest trade data of Synthetic organic tanning substances. In 2019, Synthetic organic tanning substances were the world's 3112th most traded product, with a total trade of $352M. Between 2018 and 2019 the exports of Synthetic organic tanning substances decreased by -13.1%, from  $405M to $352M. Trade in Synthetic organic tanning substances represent 0.0019% of total world trade.

Exports: In 2019 the top exporters of Synthetic organic tanning substances  were Italy ($79M), Spain ($46.4M), Germany ($37.8M), France ($36.2M), and India ($34.8M).

Imports: In 2019 the top importers of Synthetic organic tanning substances were China ($66.1M), Italy ($29.6M), Brazil ($18M), Vietnam ($17.1M), and India ($14.9M).

Tariffs: In 2018 the average tariff for Synthetic organic tanning substances was 4.7%, making it the 4382nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Synthetic organic tanning substances are Bahamas (40.2%), Bermuda (25%), Iran (20%), Azerbaijan (14.4%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Synthetic organic tanning substances ranks 2819th in the Product Complexity Index (PCI).

Description: Some of the common uses of synthetic organic tanning substances are for the protection of leather, wood, and rubber. Some of the substances include retanning agents, tanning agents, and cresylic acid.

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $79M

Top Destination (2019): China, $66.1M

Synthetic organic tanning substances are the world's 3112th most traded product.

In 2019, the top exporters of Synthetic organic tanning substances were Italy ($79M), Spain ($46.4M), Germany ($37.8M), France ($36.2M), and India ($34.8M).

In 2019, the top importers of Synthetic organic tanning substances were China ($66.1M), Italy ($29.6M), Brazil ($18M), Vietnam ($17.1M), and India ($14.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $2.14M

Top Destination Growth (2018 - 2019): Vietnam, $3.99M

Between 2018 and 2019, the exports of Synthetic organic tanning substances grew the fastest in Thailand ($2.14M), Egypt ($2.08M), Poland ($456k), Fiji ($347k), and Latvia ($280k).

Between 2018 and 2019, the fastest growing importers of Synthetic organic tanning substances were Vietnam ($3.99M), Turkey ($3.68M), Uzbekistan ($781k), Samoa ($515k), and Saudi Arabia ($382k).

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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 organic tanning substances.

In 2019,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Synthetic organic tanning substances are explained by 13 countries.

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TOP NET EXPORTER (2019): Italy, $49.4M

TOP NET IMPORTER (2019): China, $48.8M

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

In 2019, the countries that had a largest trade value in exports than in imports of Synthetic organic tanning substances were Italy ($49.4M), Spain ($41M), France ($31.8M), Germany ($30.6M), and Netherlands ($26.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Synthetic organic tanning substances were China ($48.8M), Vietnam ($16.4M), Brazil ($12.5M), Bangladesh ($11.3M), and Mexico ($10.4M).

Import Tariffs

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In 2018, the average tariff for importing Synthetic organic tanning substances was 4.7%.  The countries with the highest tariffs for importing Synthetic organic tanning substances were Bahamas (40.2%), Bermuda (25%), Iran (20%), Azerbaijan (14.4%), 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.