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291639 (Harmonized System 1992 for 6-digit)

2023
World Trade $822MRnk 2324 / 4644
2023
Top Exporter | Top Importer $397M | $136MChina | India
2023
Product Complexity 0.22Rnk 2165 / 4656
2022 - 2023
Export Growth (CAGR) -12.6%Rnk 2991 / 4644
2023
Share of World Trade 0.0036%Rnk 2324 / 4644

About

Overview This page contains the latest trade data of Aromatic monocarboxylic acids and derivatives, nes. In 2023, Aromatic monocarboxylic acids and derivatives, nes were the world's 2324th most traded product, with a total trade of $822M. Between 2022 and 2023 the exports of Aromatic monocarboxylic acids and derivatives, nes decreased by -12.6%, from $940M to $822M. Trade in Aromatic monocarboxylic acids and derivatives, nes represent 0.0036% of total world trade.

Aromatic monocarboxylic acids and derivatives, nes are a part of Unsaturated Acyclic Monocarboxylic Acids.

Exports In 2023 the top exporters of Aromatic monocarboxylic acids and derivatives, nes  were China ($397M), India ($165M), Germany ($82.1M), United States ($59.6M), and Italy ($18.4M).

Imports In 2023 the top importers of Aromatic monocarboxylic acids and derivatives, nes were India ($136M), United States ($89.8M), Italy ($66.8M), Germany ($48.2M), and Canada ($45.3M).

Ranking Aromatic monocarboxylic acids and derivatives, nes ranks 2165th in the Product Complexity Index (PCI).

Description Aromatic monocarboxylic acids and derivatives are commonly used as fragrances in cosmetics and personal care products. They are also used in the production of detergents, solvents, and pesticides.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Aromatic monocarboxylic acids and derivatives, nes. 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)China$397M
Top Destination (2023)India$136M

In 2023 Aromatic monocarboxylic acids and derivatives, nes were the world's 2324th most traded product (out of 4,644).

In 2023, the top exporters of Aromatic monocarboxylic acids and derivatives, nes were China ($397M), India ($165M), Germany ($82.1M), United States ($59.6M), and Italy ($18.4M).

In 2023, the top importers of Aromatic monocarboxylic acids and derivatives, nes were India ($136M), United States ($89.8M), Italy ($66.8M), Germany ($48.2M), and Canada ($45.3M).

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Exporters of Aromatic monocarboxylic acids and derivatives, nes (2023)
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Importers of Aromatic monocarboxylic acids and derivatives, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$28.9M
Top Destination Growth (2022 -  2023)Canada$26.6M

Between 2022 and 2023, the exports of Aromatic monocarboxylic acids and derivatives, nes grew the fastest in Germany ($28.9M), Italy ($5.15M), Austria ($1.97M), Spain ($1.29M), and Netherlands ($1.2M).

Between 2022 and 2023, the fastest growing importers of Aromatic monocarboxylic acids and derivatives, nes were Canada ($26.6M), China ($9.53M), Netherlands ($4.36M), Greece ($3.9M), and Spain ($3.69M).

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Exporters of Aromatic monocarboxylic acids and derivatives, nes (2022 - 2023)

Importers of Aromatic monocarboxylic acids and derivatives, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Aromatic monocarboxylic acids and derivatives, nes.

In 2023, market concentration measured using Shannon Entropy, was 2.59. This means that most of the exports of Aromatic monocarboxylic acids and derivatives, nes are explained by 6 countries.

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Value of Exports in Aromatic monocarboxylic acids and derivatives, nes

Net Trade

TOP NET EXPORTER (2023)China$375M
TOP NET IMPORTER (2023)Italy$48.4M

This map shows which countries export or import more of Aromatic monocarboxylic acids and derivatives, nes. Each country is colored based on the difference in exports and imports of Aromatic monocarboxylic acids and derivatives, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Aromatic monocarboxylic acids and derivatives, nes were China ($375M), Germany ($33.9M), India ($29.1M), Sweden ($699k), and Antigua and Barbuda ($206k).

In 2023, the countries that had a largest trade value in imports than in exports of Aromatic monocarboxylic acids and derivatives, nes were Italy ($48.4M), Canada ($44.7M), South Korea ($32.8M), United States ($30.2M), and Japan ($25.4M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Aromatic monocarboxylic acids and derivatives, nes 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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