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Organic compounds; n.e.c. in chapter 29

2942 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.44BRnk 854 / 1217
2023
Top Exporter | Top Importer $415M | $220MIndia | Hong Kong
2023
Product Complexity 0.32Rnk 442 / 1044
2022 - 2023
Export Growth (CAGR) -3.52%Rnk 518 / 1217
2023
Share of World Trade 0.0064%Rnk 854 / 1217

About

Overview This page contains the latest trade data of Other Organic Compounds. In 2023, Other Organic Compounds were the world's 854th most traded product, with a total trade of $1.44B. Between 2022 and 2023 the exports of Other Organic Compounds decreased by -3.52%, from $1.5B to $1.44B. Trade in Other Organic Compounds represent 0.0064% of total world trade.

Other Organic Compounds are a part of Organic chemicals. They include Organic compounds, nes.

Exports In 2023 the top exporters of Other Organic Compounds  were India ($415M), United Arab Emirates ($246M), China ($113M), United States ($76.7M), and Philippines ($67.7M).

Imports In 2023 the top importers of Other Organic Compounds were Hong Kong ($220M), Japan ($133M), South Korea ($86.6M), United States ($79.1M), and India ($65M).

Ranking Other Organic Compounds ranks 442nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Other Organic Compounds. 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)India$415M
Top Destination (2023)Hong Kong$220M

In 2023 Other Organic Compounds were the world's 854th most traded product (out of 1,217).

In 2023, the top exporters of Other Organic Compounds were India ($415M), United Arab Emirates ($246M), China ($113M), United States ($76.7M), and Philippines ($67.7M).

In 2023, the top importers of Other Organic Compounds were Hong Kong ($220M), Japan ($133M), South Korea ($86.6M), United States ($79.1M), and India ($65M).

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Exporters of Other Organic Compounds (2023)
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Importers of Other Organic Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$151M
Top Destination Growth (2022 -  2023)Hong Kong$211M

Between 2022 and 2023, the exports of Other Organic Compounds grew the fastest in United Arab Emirates ($151M), South Korea ($8.16M), Italy ($5.64M), Jordan ($5.21M), and Austria ($4.78M).

Between 2022 and 2023, the fastest growing importers of Other Organic Compounds were Hong Kong ($211M), South Korea ($51.1M), Singapore ($16.1M), Uganda ($4.02M), and Vietnam ($3.78M).

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Exporters of Other Organic Compounds (2022 - 2023)

Importers of Other Organic Compounds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Organic Compounds.

In 2023, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Other Organic Compounds are explained by 14 countries.

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Value of Exports in Other Organic Compounds

Net Trade

TOP NET EXPORTER (2023)India$350M
TOP NET IMPORTER (2023)Hong Kong$218M

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

In 2023, the countries that had a largest trade value in exports than in imports of Other Organic Compounds were India ($350M), United Arab Emirates ($215M), China ($72.3M), Philippines ($64.1M), and France ($28.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Organic Compounds were Hong Kong ($218M), Japan ($78M), Bangladesh ($48.6M), Singapore ($45.1M), and South Korea ($40.5M).

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

Top 10 Exporters Countries of Other Organic Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $147k
TOP IMPORT POTENTIALIndia+ $735k

Other Organic Compounds’s highest export potential is India. With an export gap of $147k.  Other Organic Compounds’s highest import potential is India with an import gap of $735k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Other Organic Compounds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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