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290220 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.59BRnk 430 / 4644
2023
Top Exporter | Top Importer $2.71B | $3.03BSouth Korea | China
2023
Product Complexity 0.1Rnk 2385 / 4656
2022 - 2023
Export Growth (CAGR) -14%Rnk 3137 / 4644
2023
Share of World Trade 0.038%Rnk 430 / 4644

About

Overview This page contains the latest trade data of Benzene. In 2023, Benzene were the world's 430th most traded product, with a total trade of $8.59B. Between 2022 and 2023 the exports of Benzene decreased by -14%, from $9.99B to $8.59B. Trade in Benzene represent 0.038% of total world trade.

Benzene are a part of Cyclic Hydrocarbons.

Exports In 2023 the top exporters of Benzene  were South Korea ($2.71B), India ($955M), Netherlands ($712M), Japan ($606M), and Thailand ($435M).

Imports In 2023 the top importers of Benzene were China ($3.03B), United States ($1.61B), Chinese Taipei ($773M), Saudi Arabia ($666M), and Belgium ($433M).

Ranking Benzene ranks 2385th 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 (2023)South Korea$2.71B
Top Destination (2023)China$3.03B

In 2023 Benzene were the world's 430th most traded product (out of 4,644).

In 2023, the top exporters of Benzene were South Korea ($2.71B), India ($955M), Netherlands ($712M), Japan ($606M), and Thailand ($435M).

In 2023, the top importers of Benzene were China ($3.03B), United States ($1.61B), Chinese Taipei ($773M), Saudi Arabia ($666M), and Belgium ($433M).

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Exporters of Benzene (2023)
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Importers of Benzene (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$69.6M
Top Destination Growth (2022 -  2023)United States$190M

Between 2022 and 2023, the exports of Benzene grew the fastest in Malaysia ($69.6M), Japan ($55.3M), Spain ($51.1M), Oman ($42.6M), and South Korea ($29.5M).

Between 2022 and 2023, the fastest growing importers of Benzene were United States ($190M), Chinese Taipei ($127M), Kuwait ($33.7M), Finland ($11.6M), and France ($9.78M).

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Exporters of Benzene (2022 - 2023)

Importers of Benzene (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Benzene are explained by 14 countries.

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Value of Exports in Benzene

Net Trade

TOP NET EXPORTER (2023)South Korea$2.66B
TOP NET IMPORTER (2023)China$3B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Benzene were South Korea ($2.66B), India ($949M), Japan ($595M), Thailand ($429M), and Brunei ($383M).

In 2023, the countries that had a largest trade value in imports than in exports of Benzene were China ($3B), United States ($1.57B), Chinese Taipei ($769M), Saudi Arabia ($582M), and Italy ($183M).

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 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 (2023)

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