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Methanal (formaldehyde)

291211 (Harmonized System 1992 for 6-digit)

2023
World Trade $189MRnk 3706 / 4644
2023
Top Exporter | Top Importer $35.5M | $28.5MNetherlands | Germany
2023
Product Complexity 0.19Rnk 2222 / 4656
2022 - 2023
Export Growth (CAGR) -1.9%Rnk 1748 / 4644
2023
Share of World Trade 0.00084%Rnk 3706 / 4644

About

Overview This page contains the latest trade data of Methanal . In 2023, Methanal were the world's 3706th most traded product, with a total trade of $189M. Between 2022 and 2023 the exports of Methanal decreased by -1.9%, from $193M to $189M. Trade in Methanal represent 0.00084% of total world trade.

Methanal are a part of Aldehydes, cyclic polymers, and paraformaldehyde.

Exports In 2023 the top exporters of Methanal  were Netherlands ($35.5M), Belgium ($32.9M), Germany ($24.1M), Italy ($11.5M), and United States ($8.05M).

Imports In 2023 the top importers of Methanal were Germany ($28.5M), Netherlands ($25.7M), Poland ($13.2M), Belgium ($12.6M), and Slovenia ($10.4M).

Ranking Methanal ranks 2222nd in the Product Complexity Index (PCI).

Description Methanal (formaldehyde) is a chemical used for the production of plastics, resins, and solvents. It is used in nail polish, hair dye, and in the manufacturing of synthetic fibers. It is also used in the production of paper, which is why it is usually found in paper mills.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Methanal . 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)Netherlands$35.5M
Top Destination (2023)Germany$28.5M

In 2023 Methanal were the world's 3706th most traded product (out of 4,644).

In 2023, the top exporters of Methanal were Netherlands ($35.5M), Belgium ($32.9M), Germany ($24.1M), Italy ($11.5M), and United States ($8.05M).

In 2023, the top importers of Methanal were Germany ($28.5M), Netherlands ($25.7M), Poland ($13.2M), Belgium ($12.6M), and Slovenia ($10.4M).

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

Color
Top Origin Growth (2022 -  2023)Belgium$14.3M
Top Destination Growth (2022 -  2023)Netherlands$16.5M

Between 2022 and 2023, the exports of Methanal grew the fastest in Belgium ($14.3M), Germany ($3.91M), Saudi Arabia ($1.52M), India ($1.49M), and China ($1.43M).

Between 2022 and 2023, the fastest growing importers of Methanal were Netherlands ($16.5M), Belgium ($3.09M), Italy ($2.53M), Austria ($2.48M), and Canada ($993k).

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Exporters of Methanal (2022 - 2023)

Importers of Methanal (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Methanal are explained by 17 countries.

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Value of Exports in Methanal

Net Trade

TOP NET EXPORTER (2023)Belgium$20.3M
TOP NET IMPORTER (2023)Slovenia$10.2M

This map shows which countries export or import more of Methanal . Each country is colored based on the difference in exports and imports of Methanal during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Methanal were Belgium ($20.3M), Netherlands ($9.75M), India ($7.66M), China ($7.25M), and Italy ($5.51M).

In 2023, the countries that had a largest trade value in imports than in exports of Methanal were Slovenia ($10.2M), Nigeria ($9.28M), France ($7.54M), Poland ($6M), and Switzerland ($5.72M).

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 Methanal .
It is possible to select the main countries that export or import Methanal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Methanal 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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