Acyclic Alcohols2905 (Harmonized System 1992 for 4-digit)
2020 World Trade: $26.5B, Rnk 135 / 1217
2020 Top Exporter | Top Importer: $3.22B | $7.42B, China | Saudi Arabia
2020 Product Complexity: -0.34, Rnk 649 / 1028
2019 - 2020 Export Growth (CAGR): -13.5%, Rnk 853 / 1217
2018 Mean Tariff: 4.54%, Rnk 911 / 1259
2020 Share of World Trade: 0.16%, Rnk 135 / 1217
Overview This page contains the latest trade data of Acyclic Alcohols. In 2020, Acyclic Alcohols were the world's 135th most traded product, with a total trade of $26.5B. Between 2019 and 2020 the exports of Acyclic Alcohols decreased by -13.5%, from $30.6B to $26.5B. Trade in Acyclic Alcohols represent 0.16% of total world trade.
Acyclic Alcohols are a part of Organic chemicals. They include Ethylene glycol (ethanediol), Methyl alcohol, Diols except ethylene and propylene glycol, Saturated monohydric acyclic alcohols nes, Octanol(octyl alcohol), isomers, Propylene glycol (propane-1,2-diol), Propyl alcohol and isopropyl alcohol, N-butyl alcohol, Butanols nes, and Dodecan-1-ol, hexadecan-1-ol and octadecan-1-ol, among others.
Exports In 2020 the top exporters of Acyclic Alcohols were Saudi Arabia ($3.22B), United States ($3.03B), Germany ($2.14B), China ($1.43B), and Netherlands ($1.3B).
Imports In 2020 the top importers of Acyclic Alcohols were China ($7.42B), United States ($1.55B), South Korea ($1.44B), India ($1.35B), and Germany ($1.1B).
Tariffs In 2018 the average tariff for Acyclic Alcohols was 4.54%, making it the 911th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Acyclic Alcohols are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Comoros (18.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking Acyclic Alcohols ranks 649th in the Product Complexity Index (PCI).
Description Acyclic alcohols are used in the production of solvents, as well as in the preparation of pharmaceuticals, and as a fuel additive. Halogenated derivatives are used in the production of pesticides, solvents, and pharmaceuticals. Nitrated derivatives are used in the production of explosives. Nitrosated derivatives are used in the production of pharmaceuticals.
The following visualization shows the latest trends on Acyclic Alcohols. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Saudi Arabia, $3.22B
Top Destination (2020): China, $7.42B
Acyclic Alcohols are the world's 135th most traded product.
In 2020, the top exporters of Acyclic Alcohols were Saudi Arabia ($3.22B), United States ($3.03B), Germany ($2.14B), China ($1.43B), and Netherlands ($1.3B).
In 2020, the top importers of Acyclic Alcohols were China ($7.42B), United States ($1.55B), South Korea ($1.44B), India ($1.35B), and Germany ($1.1B).
Trade by country
Top Origin Growth (2019 - 2020): United Arab Emirates, $248M
Top Destination Growth (2019 - 2020): Russia, $19.7M
Between 2019 and 2020, the exports of Acyclic Alcohols grew the fastest in United Arab Emirates ($248M), United States ($92.1M), Egypt ($25.1M), China ($22.2M), and Switzerland ($7.51M).
Between 2019 and 2020, the fastest growing importers of Acyclic Alcohols were Russia ($19.7M), Bangladesh ($16.5M), Philippines ($16.4M), Argentina ($15.2M), and Hong Kong ($12.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Acyclic Alcohols.
In 2020, market concentration measured using Shannon Entropy, was 4.8. This means that most of the exports of Acyclic Alcohols are explained by 27 countries.
TOP NET EXPORTER (2020): Saudi Arabia, $3.16B
TOP NET IMPORTER (2020): China, $5.99B
This map shows which countries export or import more of Acyclic Alcohols. Each country is colored based on the difference in exports and imports of Acyclic Alcohols during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Acyclic Alcohols were Saudi Arabia ($3.16B), United States ($1.48B), Germany ($1.03B), Trinidad and Tobago ($911M), and Iran ($797M).
In 2020, the countries that had a largest trade value in imports than in exports of Acyclic Alcohols were China ($5.99B), India ($924M), South Korea ($751M), Turkey ($663M), and Italy ($544M).
In 2019, the world most traded Acyclic Alcohols, disaggragated by their HS6 level were Methyl alcohol ($7.99B), Ethylene glycol (ethanediol) ($6.75B), Propyl alcohol and isopropyl alcohol ($2.04B), Saturated monohydric acyclic alcohols nes ($1.63B), and Diols except ethylene and propylene glycol ($1.58B)
This visualization shows the countries that have an important ratio of their trade related to Acyclic Alcohols. It is possible to select the main countries that export or import Acyclic Alcohols in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Acyclic Alcohols was 4.54%. The countries with the highest tariffs for importing Acyclic Alcohols were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Comoros (18.9%).
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.
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