Cyclic Hydrocarbons2902 (Harmonized System 1992 for 4-digit)
2020 World Trade: $30.7B, Rnk 113 / 1217
2020 Top Exporter | Top Importer: $5.46B | $12.1B, China | South Korea
2020 Product Complexity: 0.6, Rnk 321 / 1028
2019 - 2020 Export Growth (CAGR): -32.2%, Rnk 1162 / 1217
2018 Mean Tariff: 3.21%, Rnk 1127 / 1259
2020 Share of World Trade: 0.18%, Rnk 113 / 1217
Overview This page contains the latest trade data of Cyclic Hydrocarbons. In 2020, Cyclic Hydrocarbons were the world's 113th most traded product, with a total trade of $30.7B. Between 2019 and 2020 the exports of Cyclic Hydrocarbons decreased by -32.2%, from $45.3B to $30.7B. Trade in Cyclic Hydrocarbons represent 0.18% of total world trade.
Cyclic Hydrocarbons are a part of Organic chemicals. They include P-xylene, Styrene, Benzene, Toluene, Cyclohexane, Mixed xylene isomers, Cumene, O-xylene, Cyclic hydrocarbons nes, and Cyclanes, cyclenes and cycloterpenes nes, among others.
Exports In 2020 the top exporters of Cyclic Hydrocarbons were South Korea ($5.46B), United States ($2.86B), India ($2.7B), Japan ($2.48B), and Saudi Arabia ($2.19B).
Imports In 2020 the top importers of Cyclic Hydrocarbons were China ($12.1B), Chinese Taipei ($1.89B), United States ($1.85B), Belgium ($1.71B), and India ($1.34B).
Tariffs In 2018 the average tariff for Cyclic Hydrocarbons was 3.21%, making it the 1127th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Cyclic Hydrocarbons 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 Cyclic Hydrocarbons ranks 321st in the Product Complexity Index (PCI).
Description Cyclic hydrocarbons are used in the production of plastics, synthetic rubber, and other synthetic materials. They are also used as solvents in the manufacture of paints, varnishes, and other coatings.
The following visualization shows the latest trends on Cyclic 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): South Korea, $5.46B
Top Destination (2020): China, $12.1B
Cyclic Hydrocarbons are the world's 113th most traded product.
In 2020, the top exporters of Cyclic Hydrocarbons were South Korea ($5.46B), United States ($2.86B), India ($2.7B), Japan ($2.48B), and Saudi Arabia ($2.19B).
In 2020, the top importers of Cyclic Hydrocarbons were China ($12.1B), Chinese Taipei ($1.89B), United States ($1.85B), Belgium ($1.71B), and India ($1.34B).
Trade by country
Between 2019 and 2020, the exports of Cyclic Hydrocarbons grew the fastest in Brunei ($909M), Kazakhstan ($27.1M), Belarus ($22.1M), Ireland ($16.2M), and Iraq ($6.23M).
Between 2019 and 2020, the fastest growing importers of Cyclic Hydrocarbons were Brunei ($58.2M), Singapore ($19.1M), Oman ($14.8M), El Salvador ($3.93M), and Kazakhstan ($3.58M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cyclic Hydrocarbons.
In 2020, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Cyclic Hydrocarbons are explained by 19 countries.
TOP NET EXPORTER (2020): South Korea, $4.53B
TOP NET IMPORTER (2020): China, $11.7B
This map shows which countries export or import more of Cyclic Hydrocarbons. Each country is colored based on the difference in exports and imports of Cyclic Hydrocarbons during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Cyclic Hydrocarbons were South Korea ($4.53B), Japan ($2.3B), Saudi Arabia ($1.66B), India ($1.36B), and Singapore ($1.3B).
In 2020, the countries that had a largest trade value in imports than in exports of Cyclic Hydrocarbons were China ($11.7B), Mexico ($1.21B), Belgium ($973M), Chinese Taipei ($622M), and Indonesia ($591M).
In 2019, the world most traded Cyclic Hydrocarbons, disaggragated by their HS6 level were P-xylene ($12.4B), Styrene ($7.22B), Benzene ($4.75B), Toluene ($1.62B), and Cyclanes, cyclenes and cycloterpenes nes ($1.02B)
This visualization shows the countries that have an important ratio of their trade related to Cyclic Hydrocarbons. It is possible to select the main countries that export or import Cyclic Hydrocarbons in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Cyclic Hydrocarbons was 3.21%. The countries with the highest tariffs for importing Cyclic Hydrocarbons 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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