Overview:  This page contains the latest trade data of Carbonates. In 2019, Carbonates were the world's 373rd most traded product, with a total trade of $8.19B. Between 2018 and 2019 the exports of Carbonates decreased by -4.04%, from $8.53B to $8.19B. Trade in Carbonates represent 0.045% of total world trade.

Exports: In 2019 the top exporters of Carbonates  were United States ($1.75B), China ($988M), Turkey ($930M), Chile ($883M), and Germany ($568M).

Imports: In 2019 the top importers of Carbonates were South Korea ($651M), Japan ($451M), China ($356M), Mexico ($354M), and India ($323M).

Tariffs: In 2018 the average tariff for Carbonates was 4.16%, making it the 964th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Carbonates are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.4%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Carbonates ranks 709th in the Product Complexity Index (PCI).

Description: Carbonates are used as a base in soap, detergents, and cleaning products. Peroxocarbonates are used in cleaning products, and ammonium carbonate is used in baking powder.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $1.75B

Top Destination (2019): South Korea, $651M

Carbonates are the world's 373rd most traded product.

In 2019, the top exporters of Carbonates were United States ($1.75B), China ($988M), Turkey ($930M), Chile ($883M), and Germany ($568M).

In 2019, the top importers of Carbonates were South Korea ($651M), Japan ($451M), China ($356M), Mexico ($354M), and India ($323M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $189M

Top Destination Growth (2018 - 2019): Netherlands, $66.7M

Between 2018 and 2019, the exports of Carbonates grew the fastest in Turkey ($189M), United States ($75.5M), Netherlands ($66.9M), Bosnia and Herzegovina ($43M), and South Korea ($15.4M).

Between 2018 and 2019, the fastest growing importers of Carbonates were Netherlands ($66.7M), Malaysia ($42M), Nigeria ($21.7M), Bangladesh ($21.5M), and Indonesia ($15.6M).

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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 Carbonates.

In 2019,  market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Carbonates are explained by 18 countries.

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TOP NET EXPORTER (2019): United States, $1.45B

TOP NET IMPORTER (2019): South Korea, $529M

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

In 2019, the countries that had a largest trade value in exports than in imports of Carbonates were United States ($1.45B), Turkey ($853M), Chile ($764M), China ($632M), and Germany ($290M).

In 2019, the countries that had a largest trade value in imports than in exports of Carbonates were South Korea ($529M), Japan ($387M), Mexico ($329M), Brazil ($312M), and Indonesia ($305M).

Disaggregation

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Value

In 2019, the world most traded Carbonates, disaggragated by their HS6 level were Disodium carbonate ($3.85B), Lithium carbonates ($1.52B), Carbonates of metals nes ($811M), Sodium bicarbonate ($791M), and Calcium carbonate ($752M)

Import Tariffs

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In 2018, the average tariff for importing Carbonates was 4.16%. The countries with the highest tariffs for importing Carbonates were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.4%), 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 Carbonates to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.