Acyclic Hydrocarbons2901 (Harmonized System 1992 for 4-digit)
2020 World Trade: $18.6B, Rnk 191 / 1217
2020 Top Exporter | Top Importer: $3.58B | $3.84B, China | United States
2020 Product Complexity: 0.48, Rnk 375 / 1028
2019 - 2020 Export Growth (CAGR): -24.1%, Rnk 1084 / 1217
2018 Mean Tariff: 3.32%, Rnk 1119 / 1259
2020 Share of World Trade: 0.11%, Rnk 191 / 1217
Overview This page contains the latest trade data of Acyclic Hydrocarbons. In 2020, Acyclic Hydrocarbons were the world's 191st most traded product, with a total trade of $18.6B. Between 2019 and 2020 the exports of Acyclic Hydrocarbons decreased by -24.1%, from $24.5B to $18.6B. Trade in Acyclic Hydrocarbons represent 0.11% of total world trade.
Acyclic Hydrocarbons are a part of Organic chemicals. They include Propene (propylene), Ethylene, Saturated acyclic hydrocarbons, Buta-1, 3-diene and isoprene, Unsaturated acyclic hydrocarbons nes, and Butene (butylene) and isomers thereof.
Exports In 2020 the top exporters of Acyclic Hydrocarbons were United States ($3.58B), South Korea ($2.05B), Netherlands ($1.72B), Japan ($1.2B), and Germany ($832M).
Imports In 2020 the top importers of Acyclic Hydrocarbons were China ($3.84B), Belgium ($1.84B), Germany ($1.29B), United States ($1.08B), and Netherlands ($967M).
Tariffs In 2018 the average tariff for Acyclic Hydrocarbons was 3.32%, making it the 1119th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Acyclic Hydrocarbons are Bahamas (40.2%), Fiji (28%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking Acyclic Hydrocarbons ranks 375th in the Product Complexity Index (PCI).
Description Acyclic hydrocarbons are used in many different applications, such as in gasoline, diesel fuel, and natural gas.
The following visualization shows the latest trends on Acyclic Hydrocarbons. 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): United States, $3.58B
Top Destination (2020): China, $3.84B
Acyclic Hydrocarbons are the world's 191st most traded product.
In 2020, the top exporters of Acyclic Hydrocarbons were United States ($3.58B), South Korea ($2.05B), Netherlands ($1.72B), Japan ($1.2B), and Germany ($832M).
In 2020, the top importers of Acyclic Hydrocarbons were China ($3.84B), Belgium ($1.84B), Germany ($1.29B), United States ($1.08B), and Netherlands ($967M).
Trade by country
Between 2019 and 2020, the exports of Acyclic Hydrocarbons grew the fastest in China ($51.3M), Brunei ($32.3M), Turkey ($24.2M), Latvia ($24M), and South Africa ($16.6M).
Between 2019 and 2020, the fastest growing importers of Acyclic Hydrocarbons were Vietnam ($152M), Thailand ($117M), Sweden ($104M), Switzerland ($16.5M), and Greece ($13M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Acyclic Hydrocarbons.
In 2020, market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Acyclic Hydrocarbons are explained by 21 countries.
TOP NET EXPORTER (2020): United States, $2.5B
TOP NET IMPORTER (2020): China, $3.64B
This map shows which countries export or import more of Acyclic Hydrocarbons. Each country is colored based on the difference in exports and imports of Acyclic Hydrocarbons during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Acyclic Hydrocarbons were United States ($2.5B), South Korea ($1.23B), Japan ($906M), Netherlands ($754M), and South Africa ($524M).
In 2020, the countries that had a largest trade value in imports than in exports of Acyclic Hydrocarbons were China ($3.64B), Belgium ($1.05B), Indonesia ($648M), India ($512M), and Sweden ($473M).
In 2019, the world most traded Acyclic Hydrocarbons, disaggragated by their HS6 level were Propene (propylene) ($5.59B), Ethylene ($4.95B), Saturated acyclic hydrocarbons ($3.58B), Unsaturated acyclic hydrocarbons nes ($2.2B), and Buta-1, 3-diene and isoprene ($1.63B)
This visualization shows the countries that have an important ratio of their trade related to Acyclic Hydrocarbons. It is possible to select the main countries that export or import Acyclic Hydrocarbons in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Acyclic Hydrocarbons was 3.32%. The countries with the highest tariffs for importing Acyclic Hydrocarbons were Bahamas (40.2%), Fiji (28%), Bermuda (25%), and Cayman Islands (22%).
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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