HS Icon Sodium bicarbonate

283630 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Sodium bicarbonate. In 2019, Sodium bicarbonate were the world's 2292nd most traded product, with a total trade of $791M. Between 2018 and 2019 the exports of Sodium bicarbonate grew by 3.66%, from $763M to $791M. Trade in Sodium bicarbonate represent 0.0044% of total world trade.

Exports: In 2019 the top exporters of Sodium bicarbonate  were China ($138M), Germany ($101M), Turkey ($95.4M), United States ($64M), and France ($51.7M).

Imports: In 2019 the top importers of Sodium bicarbonate were South Korea ($51.7M), France ($45.3M), Italy ($39.4M), Belgium ($37.5M), and Germany ($35.2M).

Tariffs: In 2018 the average tariff for Sodium bicarbonate was 4.03%, making it the 4942nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sodium bicarbonate are Bahamas (40.2%), Bermuda (25%), Bulgaria (20.4%), Pakistan (20%), and Brazil (19.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Sodium bicarbonate ranks 2651st in the Product Complexity Index (PCI).

Description: Sodium bicarbonate is used to neutralize acids in the stomach, for cooking, in cleaning products, and to create baking powder.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $138M

Top Destination (2019): South Korea, $51.7M

Sodium bicarbonate are the world's 2292nd most traded product.

In 2019, the top exporters of Sodium bicarbonate were China ($138M), Germany ($101M), Turkey ($95.4M), United States ($64M), and France ($51.7M).

In 2019, the top importers of Sodium bicarbonate were South Korea ($51.7M), France ($45.3M), Italy ($39.4M), Belgium ($37.5M), and Germany ($35.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $17.2M

Top Destination Growth (2018 - 2019): China, $10.3M

Between 2018 and 2019, the exports of Sodium bicarbonate grew the fastest in Turkey ($17.2M), Sweden ($12.5M), Bosnia and Herzegovina ($9.98M), France ($7.26M), and Spain ($4.92M).

Between 2018 and 2019, the fastest growing importers of Sodium bicarbonate were China ($10.3M), Italy ($6.93M), Canada ($6.07M), United States ($4.95M), and Denmark ($3.7M).

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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 bicarbonate.

In 2019,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Sodium bicarbonate are explained by 17 countries.

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TOP NET EXPORTER (2019): China, $110M

TOP NET IMPORTER (2019): South Korea, $51.5M

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

In 2019, the countries that had a largest trade value in exports than in imports of Sodium bicarbonate were China ($110M), Turkey ($92.6M), Germany ($65.9M), United States ($51.2M), and Spain ($32.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Sodium bicarbonate were South Korea ($51.5M), Canada ($33.1M), Denmark ($26M), Indonesia ($26M), and Netherlands ($25.2M).

Import Tariffs

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In 2018, the average tariff for importing Sodium bicarbonate was 4.03%. The countries with the highest tariffs for importing Sodium bicarbonate were Bahamas (40.2%), Bermuda (25%), Bulgaria (20.4%), Pakistan (20%), and Brazil (19.2%).

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.