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Phenols; monophenols, polyphenols, and phenol-alcohols

2907 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.37BRnk 513 / 1217
2023
Top Exporter | Top Importer $579M | $818MGermany | China
2023
Product Complexity 1.21Rnk 101 / 1044
2022 - 2023
Export Growth (CAGR) -31.1%Rnk 1161 / 1217
2023
Share of World Trade 0.024%Rnk 513 / 1217

About

Overview This page contains the latest trade data of Phenols. In 2023, Phenols were the world's 513th most traded product, with a total trade of $5.37B. Between 2022 and 2023 the exports of Phenols decreased by -31.1%, from $7.8B to $5.37B. Trade in Phenols represent 0.024% 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 2023 the top exporters of Phenols  were Germany ($579M), Chinese Taipei ($515M), United States ($467M), South Korea ($451M), and Japan ($417M).

Imports In 2023 the top importers of Phenols were China ($818M), India ($612M), Germany ($420M), Netherlands ($368M), and Belgium ($311M).

Ranking Phenols ranks 101st 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.

Latest Trends

Latest Data

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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.

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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)Germany$579M
Top Destination (2023)China$818M

In 2023 Phenols were the world's 513th most traded product (out of 1,217).

In 2023, the top exporters of Phenols were Germany ($579M), Chinese Taipei ($515M), United States ($467M), South Korea ($451M), and Japan ($417M).

In 2023, the top importers of Phenols were China ($818M), India ($612M), Germany ($420M), Netherlands ($368M), and Belgium ($311M).

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

Color
Top Origin Growth (2022 -  2023)United Kingdom$10M
Top Destination Growth (2022 -  2023)Denmark$17.5M

Between 2022 and 2023, the exports of Phenols grew the fastest in United Kingdom ($10M), Austria ($9.19M), Canada ($3.68M), Slovenia ($1.82M), and Luxembourg ($1.61M).

Between 2022 and 2023, the fastest growing importers of Phenols were Denmark ($17.5M), Panama ($5.1M), Luxembourg ($2.39M), Nigeria ($1.46M), and Libya ($1.36M).

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Exporters of Phenols (2022 - 2023)

Importers of Phenols (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Phenols are explained by 19 countries.

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Value of Exports in Phenols

Net Trade

TOP NET EXPORTER (2023)Chinese Taipei$429M
TOP NET IMPORTER (2023)China$420M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Phenols were Chinese Taipei ($429M), United States ($291M), Singapore ($234M), Saudi Arabia ($199M), and Japan ($192M).

In 2023, the countries that had a largest trade value in imports than in exports of Phenols were China ($420M), India ($389M), Netherlands ($263M), Poland ($125M), and Canada ($97.9M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Phenols, disaggragated by their HS6 level were Phenol (hdroxybenzene), salts ($2.1B), Bisphenol A, diphenylolpropane, salts ($962M), Monophenols nes ($826M), Polyphenols nes ($617M), and Hydroquinone (quinol), salts ($239M)

HS6 Disaggregation for Phenols (2023)
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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 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.

Top 10 Exporters Countries of Phenols by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $9.56M
TOP IMPORT POTENTIALChina+ $10.7M

Phenols’s highest export potential is India. With an export gap of $9.56M.  Phenols’s highest import potential is China with an import gap of $10.7M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Phenols.

Country by Relatedness

The following visualization shows the relatedness of Phenols 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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