PhenolsPhenols; monophenols, polyphenols, and phenol-alcohols
2907 (Harmonized System 1992 for 4-digit)
2021 World Trade: $8.49B, Rnk 400 / 1217
2021 Top Exporter | Top Importer: $1.13B | $2.2B, South Korea | China
2021 Product Complexity: 1.62, Rnk 33 / 1024
2020 - 2021 Export Growth (CAGR): 49.2%, Rnk 117 / 1217
2018 Mean Tariff: 2.99%, Rnk 1155 / 1259
2021 Share of World Trade: 0.04%, Rnk 400 / 1217
Overview This page contains the latest trade data of Phenols. In 2021, Phenols were the world's 400th most traded product, with a total trade of $8.49B. Between 2020 and 2021 the exports of Phenols grew by 49.2%, from $5.69B to $8.49B. Trade in Phenols represent 0.04% of total world trade.
Phenols are a part of Organic chemicals. They include Phenol (hdroxybenzene), salts, Bisphenol A, diphenylolpropane, salts, Monophenols nes, Polyphenols nes, Cresols, salts, Resorcinol, salts, Octylphenol, nonylphenol and isomers, salts thereof, Hydroquinone (quinol), salts, Naphthols, salts, and Xylenols, salts, among others.
Exports In 2021 the top exporters of Phenols were South Korea ($1.13B), Chinese Taipei ($936M), Japan ($934M), Singapore ($634M), and China ($609M).
Imports In 2021 the top importers of Phenols were China ($2.2B), India ($774M), South Korea ($581M), Germany ($500M), and Belgium ($415M).
Tariffs In 2018 the average tariff for Phenols was 2.99%, making it the 1155th lowest tariff using the HS4 product classification.
Ranking Phenols ranks 33rd in the Product Complexity Index (PCI).
Description Phenols are used in the manufacture of plastics, synthetic fibers, and resins. Phenol-alcohols are used as disinfectants and as ingredients in soaps and detergents.
The following visualization shows the latest trends on Phenols. 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 (2021): South Korea, $1.13B
Top Destination (2021): China, $2.2B
Phenols are the world's 400th most traded product.
In 2021, the top exporters of Phenols were South Korea ($1.13B), Chinese Taipei ($936M), Japan ($934M), Singapore ($634M), and China ($609M).
In 2021, the top importers of Phenols were China ($2.2B), India ($774M), South Korea ($581M), Germany ($500M), and Belgium ($415M).
Trade by country
Top Origin Growth (2020 - 2021): South Korea, $522M
Top Destination Growth (2020 - 2021): China, $699M
Between 2020 and 2021, the exports of Phenols grew the fastest in South Korea ($522M), Chinese Taipei ($366M), Singapore ($304M), China ($246M), and Saudi Arabia ($229M).
Between 2020 and 2021, the fastest growing importers of Phenols were China ($699M), India ($295M), Chinese Taipei ($174M), Germany ($172M), and South Korea ($166M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Phenols.
In 2021, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Phenols are explained by 17 countries.
TOP NET EXPORTER (2021): Chinese Taipei, $630M
TOP NET IMPORTER (2021): China, $1.59B
This map shows which countries export or import more of Phenols. Each country is colored based on the difference in exports and imports of Phenols during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Phenols were Chinese Taipei ($630M), Singapore ($569M), South Korea ($551M), Japan ($537M), and Saudi Arabia ($336M).
In 2021, the countries that had a largest trade value in imports than in exports of Phenols were China ($1.59B), India ($463M), Netherlands ($228M), Israel ($108M), and Poland ($101M).
In 2021, the world most traded Phenols, disaggragated by their HS6 level were Bisphenol A, diphenylolpropane, salts ($2.85B), Phenol (hdroxybenzene), salts ($2.77B), Monophenols nes ($954M), Polyphenols nes ($823M), and Resorcinol, salts ($331M)
This visualization shows the countries that have an important ratio of their trade related to Phenols. It is possible to select the main countries that export or import Phenols 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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