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290220 (Harmonized System 1992 for 6-digit)

2022
World Trade $10.5BRnk 372 / 4648
2022
Top Exporter | Top Importer $2.7B | $3.24BSouth Korea | China
2022
Product Complexity 0.23Rnk 2149 / 4653
2021 - 2022
Export Growth (CAGR) 10.8%Rnk 1522 / 4648
2022
Share of World Trade 0.044%Rnk 372 / 4648

About

Overview This page contains the latest trade data of Benzene. In 2022, Benzene were the world's 372nd most traded product, with a total trade of $10.5B. Between 2021 and 2022 the exports of Benzene grew by 10.8%, from $9.43B to $10.5B. Trade in Benzene represent 0.044% of total world trade.

Benzene are a part of Cyclic Hydrocarbons.

Exports In 2022 the top exporters of Benzene  were South Korea ($2.7B), India ($1.61B), Netherlands ($804M), Germany ($628M), and Japan ($540M).

Imports In 2022 the top importers of Benzene were China ($3.24B), United States ($1.41B), Saudi Arabia ($1.22B), Belgium ($1.07B), and Netherlands ($650M).

Ranking Benzene ranks 2149th in the Product Complexity Index (PCI).

Description Benzene is used as a solvent in the production of drugs, paint and plastics. It is also a raw material for the production of other chemicals.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Benzene. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)South Korea$2.7B
Top Destination (2022)China$3.24B

In 2022 Benzene were the world's 372nd most traded product (out of 4,648).

In 2022, the top exporters of Benzene were South Korea ($2.7B), India ($1.61B), Netherlands ($804M), Germany ($628M), and Japan ($540M).

In 2022, the top importers of Benzene were China ($3.24B), United States ($1.41B), Saudi Arabia ($1.22B), Belgium ($1.07B), and Netherlands ($650M).

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Exporters of Benzene (2022)
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Importers of Benzene (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$422M
Top Destination Growth (2021 -  2022)United States$479M

Between 2021 and 2022, the exports of Benzene grew the fastest in South Korea ($422M), Netherlands ($298M), Kuwait ($215M), Japan ($208M), and Germany ($165M).

Between 2021 and 2022, the fastest growing importers of Benzene were United States ($479M), Saudi Arabia ($460M), China ($351M), Belgium ($214M), and Italy ($81.1M).

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Exporters of Benzene (2021 - 2022)

Importers of Benzene (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Benzene.

In 2022, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Benzene are explained by 16 countries.

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Value of Exports in Benzene

Net Trade

TOP NET EXPORTER (2022)South Korea$2.63B
TOP NET IMPORTER (2022)China$3.23B

This map shows which countries export or import more of Benzene. Each country is colored based on the difference in exports and imports of Benzene during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Benzene were South Korea ($2.63B), India ($1.6B), Brunei ($517M), Thailand ($479M), and Japan ($472M).

In 2022, the countries that had a largest trade value in imports than in exports of Benzene were China ($3.23B), United States ($1.29B), Saudi Arabia ($1.12B), Belgium ($767M), and Chinese Taipei ($584M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Benzene.
It is possible to select the main countries that export or import Benzene in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Benzene by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

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