Oxygen Heterocyclic Compounds2932 (Harmonized System 1992 for 4-digit)
2020 World Trade: $8.29B, Rnk 360 / 1217
2020 Top Exporter | Top Importer: $2.56B | $1.07B, China | United States
2020 Product Complexity: 0.98, Rnk 186 / 1028
2019 - 2020 Export Growth (CAGR): 1.51%, Rnk 287 / 1217
2018 Mean Tariff: 4.25%, Rnk 964 / 1259
2020 Share of World Trade: 0.049%, Rnk 360 / 1217
Overview This page contains the latest trade data of Oxygen Heterocyclic Compounds. In 2020, Oxygen Heterocyclic Compounds were the world's 360th most traded product, with a total trade of $8.29B. Between 2019 and 2020 the exports of Oxygen Heterocyclic Compounds grew by 1.51%, from $8.16B to $8.29B. Trade in Oxygen Heterocyclic Compounds represent 0.049% 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 2020 the top exporters of Oxygen Heterocyclic Compounds were China ($2.56B), Germany ($1.47B), United States ($607M), Japan ($587M), and Switzerland ($418M).
Imports In 2020 the top importers of Oxygen Heterocyclic Compounds were United States ($1.07B), Greece ($672M), India ($603M), Germany ($548M), and Japan ($542M).
Tariffs In 2018 the average tariff for Oxygen Heterocyclic Compounds was 4.25%, making it the 964th lowest tariff using the HS4 product classification.
Ranking Oxygen Heterocyclic Compounds ranks 186th in the Product Complexity Index (PCI).
Description Heterocyclic compounds with oxygen hetero-atom[s] are used in the production of drugs and pesticides.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $2.56B
Top Destination (2020): United States, $1.07B
Oxygen Heterocyclic Compounds are the world's 360th most traded product.
In 2020, the top exporters of Oxygen Heterocyclic Compounds were China ($2.56B), Germany ($1.47B), United States ($607M), Japan ($587M), and Switzerland ($418M).
In 2020, the top importers of Oxygen Heterocyclic Compounds were United States ($1.07B), Greece ($672M), India ($603M), Germany ($548M), and Japan ($542M).
Trade by country
Top Origin Growth (2019 - 2020): Netherlands, $110M
Top Destination Growth (2019 - 2020): Greece, $190M
Between 2019 and 2020, the exports of Oxygen Heterocyclic Compounds grew the fastest in Netherlands ($110M), Switzerland ($91.6M), Japan ($81.5M), Italy ($55.3M), and South Korea ($47.2M).
Between 2019 and 2020, the fastest growing importers of Oxygen Heterocyclic Compounds were Greece ($190M), United States ($105M), Japan ($100M), India ($58.3M), and Singapore ($43.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Oxygen Heterocyclic Compounds.
In 2020, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Oxygen Heterocyclic Compounds are explained by 12 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Oxygen Heterocyclic Compounds were China ($2.18B), Germany ($918M), Switzerland ($155M), Ireland ($155M), and Japan ($44.8M).
In 2020, the countries that had a largest trade value in imports than in exports of Oxygen Heterocyclic Compounds were Greece ($667M), United States ($466M), Brazil ($351M), India ($278M), and Netherlands ($190M).
In 2020, the world most traded Oxygen Heterocyclic Compounds, disaggragated by their HS6 level were Heterocyclic compound,oxygen hetero-atom(s) only,nes ($3.52B), Heterocyclic compounds with unfused furan ring,... ($2.22B), Lactones, other than coumarins ($2.07B), Tetrahydrofuran ($277M), and Furfuryl alcohol and tetrahydrofurfuryl alcohol ($137M)
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.
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.
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