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151919 (Harmonized System 1992 for 6-digit)

2022
World Trade $9.56BRnk 417 / 4648
2022
Top Exporter | Top Importer $4.17B | $1.43BIndonesia | Netherlands
2022
Product Complexity -1.43Rnk 4197 / 4653
2021 - 2022
Export Growth (CAGR) 28%Rnk 467 / 4648
2022
Share of World Trade 0.04%Rnk 417 / 4648

About

Overview This page contains the latest trade data of Industrial monocarboxylic fatty acids, nes, acid oils. In 2022, Industrial monocarboxylic fatty acids, nes, acid oils were the world's 417th most traded product, with a total trade of $9.56B. Between 2021 and 2022 the exports of Industrial monocarboxylic fatty acids, nes, acid oils grew by 28%, from $7.47B to $9.56B. Trade in Industrial monocarboxylic fatty acids, nes, acid oils represent 0.04% of total world trade.

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

Exports In 2022 the top exporters of Industrial monocarboxylic fatty acids, nes, acid oils  were Indonesia ($4.17B), Malaysia ($1.87B), Netherlands ($887M), Belgium ($366M), and India ($350M).

Imports In 2022 the top importers of Industrial monocarboxylic fatty acids, nes, acid oils were Netherlands ($1.43B), China ($1.1B), Malaysia ($873M), Italy ($761M), and India ($598M).

Ranking Industrial monocarboxylic fatty acids, nes, acid oils ranks 4197th in the Product Complexity Index (PCI).

Description -

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 (2022)Indonesia$4.17B
Top Destination (2022)Netherlands$1.43B

In 2022 Industrial monocarboxylic fatty acids, nes, acid oils were the world's 417th most traded product (out of 4,648).

In 2022, the top exporters of Industrial monocarboxylic fatty acids, nes, acid oils were Indonesia ($4.17B), Malaysia ($1.87B), Netherlands ($887M), Belgium ($366M), and India ($350M).

In 2022, the top importers of Industrial monocarboxylic fatty acids, nes, acid oils were Netherlands ($1.43B), China ($1.1B), Malaysia ($873M), Italy ($761M), and India ($598M).

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Exporters of Industrial monocarboxylic fatty acids, nes, acid oils (2022)
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Importers of Industrial monocarboxylic fatty acids, nes, acid oils (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$900M
Top Destination Growth (2021 -  2022)China$324M

Between 2021 and 2022, the exports of Industrial monocarboxylic fatty acids, nes, acid oils grew the fastest in Indonesia ($900M), Malaysia ($332M), Netherlands ($145M), India ($137M), and Belgium ($98.6M).

Between 2021 and 2022, the fastest growing importers of Industrial monocarboxylic fatty acids, nes, acid oils were China ($324M), Netherlands ($312M), Malaysia ($269M), Germany ($149M), and Italy ($118M).

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Exporters of Industrial monocarboxylic fatty acids, nes, acid oils (2021 - 2022)

Importers of Industrial monocarboxylic fatty acids, nes, acid oils (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.11. 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 (2022)Indonesia$4.14B
TOP NET IMPORTER (2022)China$1.04B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial monocarboxylic fatty acids, nes, acid oils were Indonesia ($4.14B), Malaysia ($995M), Argentina ($244M), Belgium ($203M), and Thailand ($55.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial monocarboxylic fatty acids, nes, acid oils were China ($1.04B), Italy ($733M), Netherlands ($545M), United States ($435M), and South Korea ($385M).

Net Trade (2022)

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 (2022)

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