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151919 (Harmonized System 1992 for 6-digit)

2023
World Trade $7.72BRnk 485 / 4644
2023
Top Exporter | Top Importer $3.37B | $1.06BIndonesia | Netherlands
2023
Product Complexity -1.64Rnk 4362 / 4656
2022 - 2023
Export Growth (CAGR) -20.8%Rnk 3746 / 4644
2023
Share of World Trade 0.034%Rnk 485 / 4644

About

Overview This page contains the latest trade data of Industrial monocarboxylic fatty acids, nes, acid oils. In 2023, Industrial monocarboxylic fatty acids, nes, acid oils were the world's 485th most traded product, with a total trade of $7.72B. Between 2022 and 2023 the exports of Industrial monocarboxylic fatty acids, nes, acid oils decreased by -20.8%, from $9.74B to $7.72B. Trade in Industrial monocarboxylic fatty acids, nes, acid oils represent 0.034% of total world trade.

Industrial monocarboxylic fatty acids, nes, acid oils are a part of Stearic Acid.

Exports In 2023 the top exporters of Industrial monocarboxylic fatty acids, nes, acid oils  were Indonesia ($3.37B), Malaysia ($1.55B), Netherlands ($665M), Belgium ($254M), and Germany ($249M).

Imports In 2023 the top importers of Industrial monocarboxylic fatty acids, nes, acid oils were Netherlands ($1.06B), China ($992M), Italy ($749M), Malaysia ($715M), and India ($424M).

Ranking Industrial monocarboxylic fatty acids, nes, acid oils ranks 4362nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial monocarboxylic fatty acids, nes, acid oils. 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)Indonesia$3.37B
Top Destination (2023)Netherlands$1.06B

In 2023 Industrial monocarboxylic fatty acids, nes, acid oils were the world's 485th most traded product (out of 4,644).

In 2023, the top exporters of Industrial monocarboxylic fatty acids, nes, acid oils were Indonesia ($3.37B), Malaysia ($1.55B), Netherlands ($665M), Belgium ($254M), and Germany ($249M).

In 2023, the top importers of Industrial monocarboxylic fatty acids, nes, acid oils were Netherlands ($1.06B), China ($992M), Italy ($749M), Malaysia ($715M), and India ($424M).

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Exporters of Industrial monocarboxylic fatty acids, nes, acid oils (2023)
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Importers of Industrial monocarboxylic fatty acids, nes, acid oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Turkey$68.4M
Top Destination Growth (2022 -  2023)Philippines$16.4M

Between 2022 and 2023, the exports of Industrial monocarboxylic fatty acids, nes, acid oils grew the fastest in Turkey ($68.4M), Brazil ($20.3M), Croatia ($7.55M), Papua New Guinea ($6.85M), and Ukraine ($5.36M).

Between 2022 and 2023, the fastest growing importers of Industrial monocarboxylic fatty acids, nes, acid oils were Philippines ($16.4M), Brazil ($12.2M), Canada ($7.93M), Panama ($3.24M), and Norway ($3.11M).

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Exporters of Industrial monocarboxylic fatty acids, nes, acid oils (2022 - 2023)

Importers of Industrial monocarboxylic fatty acids, nes, acid oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial monocarboxylic fatty acids, nes, acid oils.

In 2023, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Industrial monocarboxylic fatty acids, nes, acid oils are explained by 8 countries.

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Value of Exports in Industrial monocarboxylic fatty acids, nes, acid oils

Net Trade

TOP NET EXPORTER (2023)Indonesia$3.36B
TOP NET IMPORTER (2023)China$950M

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

In 2023, the countries that had a largest trade value in exports than in imports of Industrial monocarboxylic fatty acids, nes, acid oils were Indonesia ($3.36B), Malaysia ($840M), Argentina ($223M), Belgium ($110M), and Thailand ($35.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial monocarboxylic fatty acids, nes, acid oils were China ($950M), Italy ($719M), Netherlands ($396M), United States ($333M), and South Korea ($264M).

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 Industrial monocarboxylic fatty acids, nes, acid oils.
It is possible to select the main countries that export or import Industrial monocarboxylic fatty acids, nes, acid oils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial monocarboxylic fatty acids, nes, acid oils 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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