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Heterocyclic compounds with oxygen hetero-atom(s) only

2932 (Harmonized System 1992 for 4-digit)

2022
World Trade $11BRnk 348 / 1218
2022
Top Exporter | Top Importer $4.03B | $1.72BChina | United States
2022
Product Complexity 1.03Rnk 159 / 1033
2021 - 2022
Export Growth (CAGR) 6.27%Rnk 556 / 1218
2022
Share of World Trade 0.047%Rnk 348 / 1218

About

Overview This page contains the latest trade data of Oxygen Heterocyclic Compounds. In 2022, Oxygen Heterocyclic Compounds were the world's 348th most traded product, with a total trade of $11B. Between 2021 and 2022 the exports of Oxygen Heterocyclic Compounds grew by 6.27%, from $10.4B to $11B. Trade in Oxygen Heterocyclic Compounds represent 0.047% of total world trade.

Oxygen Heterocyclic Compounds are a part of Organic chemicals. They include Lactones, other than coumarins, Heterocyclic compound,oxygen hetero-atom(s) only,nes, Heterocyclic compounds with unfused furan ring, nes, Tetrahydrofuran, Furfuryl alcohol and tetrahydrofurfuryl alcohol, 2-furaldehyde (furfuraldehyde), and Coumarin, methylcoumarins and ethylcoumarins.

Exports In 2022 the top exporters of Oxygen Heterocyclic Compounds  were China ($4.03B), Germany ($1.68B), United States ($713M), Netherlands ($655M), and Switzerland ($457M).

Imports In 2022 the top importers of Oxygen Heterocyclic Compounds were United States ($1.72B), Greece ($837M), India ($796M), Germany ($691M), and Japan ($658M).

Ranking Oxygen Heterocyclic Compounds ranks 159th in the Product Complexity Index (PCI).

Description Heterocyclic compounds with oxygen hetero-atom[s] are used in the production of drugs and pesticides.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Oxygen Heterocyclic 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 (2022)China$4.03B
Top Destination (2022)United States$1.72B

In 2022 Oxygen Heterocyclic Compounds were the world's 348th most traded product (out of 1,218).

In 2022, the top exporters of Oxygen Heterocyclic Compounds were China ($4.03B), Germany ($1.68B), United States ($713M), Netherlands ($655M), and Switzerland ($457M).

In 2022, the top importers of Oxygen Heterocyclic Compounds were United States ($1.72B), Greece ($837M), India ($796M), Germany ($691M), and Japan ($658M).

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Exporters of Oxygen Heterocyclic Compounds (2022)
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Importers of Oxygen Heterocyclic Compounds (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$756M
Top Destination Growth (2021 -  2022)United States$322M

Between 2021 and 2022, the exports of Oxygen Heterocyclic Compounds grew the fastest in China ($756M), Netherlands ($253M), United States ($81.9M), Sweden ($65.3M), and United Kingdom ($43.6M).

Between 2021 and 2022, the fastest growing importers of Oxygen Heterocyclic Compounds were United States ($322M), Brazil ($145M), India ($101M), Greece ($95.6M), and United Kingdom ($93.6M).

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Exporters of Oxygen Heterocyclic Compounds (2021 - 2022)

Importers of Oxygen Heterocyclic Compounds (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oxygen Heterocyclic Compounds.

In 2022, market concentration measured using Shannon Entropy, was 3.54. This means that most of the exports of Oxygen Heterocyclic Compounds are explained by 11 countries.

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Value of Exports in Oxygen Heterocyclic Compounds

Net Trade

TOP NET EXPORTER (2022)China$3.66B
TOP NET IMPORTER (2022)United States$1.01B

This map shows which countries export or import more of Oxygen Heterocyclic Compounds. Each country is colored based on the difference in exports and imports of Oxygen Heterocyclic Compounds during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Oxygen Heterocyclic Compounds were China ($3.66B), Germany ($989M), Netherlands ($283M), Ireland ($208M), and Chinese Taipei ($133M).

In 2022, the countries that had a largest trade value in imports than in exports of Oxygen Heterocyclic Compounds were United States ($1.01B), Greece ($833M), Brazil ($531M), Japan ($370M), and India ($360M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Oxygen Heterocyclic Compounds, disaggragated by their HS6 level were Heterocyclic compound,oxygen hetero-atom(s) only,nes ($4.41B), Heterocyclic compounds with unfused furan ring,... ($2.86B), Lactones, other than coumarins ($2.66B), Tetrahydrofuran ($688M), and Furfuryl alcohol and tetrahydrofurfuryl alcohol ($285M)

HS6 Disaggregation for Oxygen Heterocyclic Compounds (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Oxygen Heterocyclic Compounds.
It is possible to select the main countries that export or import Oxygen Heterocyclic Compounds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Oxygen Heterocyclic Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $33.5M
TOP IMPORT POTENTIALNetherlands+ $22.5M

Oxygen Heterocyclic Compounds’s highest export potential is United States. With an export gap of $33.5M.  Oxygen Heterocyclic Compounds’s highest import potential is Netherlands with an import gap of $22.5M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Oxygen Heterocyclic Compounds.

Country by Relatedness

The following visualization shows the relatedness of Oxygen Heterocyclic 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 (2022)

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