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291521 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.95BRnk 1450 / 4644
2023
Top Exporter | Top Importer $572M | $474MUnited States | India
2023
Product Complexity 1.15Rnk 553 / 4656
2022 - 2023
Export Growth (CAGR) -36.6%Rnk 4397 / 4644
2023
Share of World Trade 0.0086%Rnk 1450 / 4644

About

Overview This page contains the latest trade data of Acetic acid. In 2023, Acetic acid were the world's 1450th most traded product, with a total trade of $1.95B. Between 2022 and 2023 the exports of Acetic acid decreased by -36.6%, from $3.08B to $1.95B. Trade in Acetic acid represent 0.0086% of total world trade.

Acetic acid are a part of Saturated Acyclic Monocarboxylic Acids.

Exports In 2023 the top exporters of Acetic acid  were United States ($572M), China ($424M), Malaysia ($153M), Belgium ($138M), and Singapore ($129M).

Imports In 2023 the top importers of Acetic acid were India ($474M), Germany ($223M), Belgium ($214M), Mexico ($164M), and Brazil ($84.2M).

Ranking Acetic acid ranks 553rd in the Product Complexity Index (PCI).

Description The most common use for acetic acid is in the production of vinegar. The other common use for acetic acid is as a precursor to acetate salts and esters which are used as solvents, plasticizers, and pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Acetic acid. 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 (2023)United States$572M
Top Destination (2023)India$474M

In 2023 Acetic acid were the world's 1450th most traded product (out of 4,644).

In 2023, the top exporters of Acetic acid were United States ($572M), China ($424M), Malaysia ($153M), Belgium ($138M), and Singapore ($129M).

In 2023, the top importers of Acetic acid were India ($474M), Germany ($223M), Belgium ($214M), Mexico ($164M), and Brazil ($84.2M).

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Exporters of Acetic acid (2023)
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Importers of Acetic acid (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Saudi Arabia$15.6M
Top Destination Growth (2022 -  2023)China$16.9M

Between 2022 and 2023, the exports of Acetic acid grew the fastest in Saudi Arabia ($15.6M), Iran ($6.2M), France ($5.34M), Japan ($3.08M), and Netherlands ($2.77M).

Between 2022 and 2023, the fastest growing importers of Acetic acid were China ($16.9M), Uzbekistan ($2.77M), Chinese Taipei ($846k), Austria ($808k), and Cuba ($737k).

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Exporters of Acetic acid (2022 - 2023)

Importers of Acetic acid (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Acetic acid.

In 2023, market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Acetic acid are explained by 10 countries.

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Value of Exports in Acetic acid

Net Trade

TOP NET EXPORTER (2023)United States$545M
TOP NET IMPORTER (2023)India$462M

This map shows which countries export or import more of Acetic acid. Each country is colored based on the difference in exports and imports of Acetic acid during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Acetic acid were United States ($545M), China ($400M), Malaysia ($149M), Chinese Taipei ($83.2M), and Singapore ($58.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Acetic acid were India ($462M), Mexico ($163M), Germany ($163M), Brazil ($83.7M), and Belgium ($75.9M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Acetic acid 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 (2023)

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