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Acids; saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives

2915 (Harmonized System 1992 for 4-digit)

2023
World Trade $15.7BRnk 257 / 1217
2023
Top Exporter | Top Importer $3.14B | $1.31BChina | India
2023
Product Complexity 0.87Rnk 221 / 1044
2022 - 2023
Export Growth (CAGR) -28.1%Rnk 1135 / 1217
2023
Share of World Trade 0.07%Rnk 257 / 1217

About

Overview This page contains the latest trade data of Saturated Acyclic Monocarboxylic Acids. In 2023, Saturated Acyclic Monocarboxylic Acids were the world's 257th most traded product, with a total trade of $15.7B. Between 2022 and 2023 the exports of Saturated Acyclic Monocarboxylic Acids decreased by -28.1%, from $21.9B to $15.7B. Trade in Saturated Acyclic Monocarboxylic Acids represent 0.07% of total world trade.

Saturated Acyclic Monocarboxylic Acids are a part of Organic chemicals. They include Saturated acyclic monocarboxylic acids, derivs, nes, Acetic acid, Vinyl acetate, Acetic acid esters nes, Ethyl acetate, Palmitic acid, stearic acid, their salts & esters, N-butyl acetate, Butyric acids, valeric acids, their salts & esters, Acetic anhydride, and Propionic acid, its salts & esters, among others.

Exports In 2023 the top exporters of Saturated Acyclic Monocarboxylic Acids  were China ($3.14B), United States ($2.24B), Germany ($1.33B), Belgium ($1.12B), and Malaysia ($882M).

Imports In 2023 the top importers of Saturated Acyclic Monocarboxylic Acids were India ($1.31B), Belgium ($1.16B), Germany ($1.13B), United States ($961M), and China ($925M).

Ranking Saturated Acyclic Monocarboxylic Acids ranks 221st in the Product Complexity Index (PCI).

Description Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids are used in the manufacture of detergents, disinfectants, herbicides, antiseptics, drugs, dyes, explosives, and perfumes.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Saturated Acyclic Monocarboxylic Acids. 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)China$3.14B
Top Destination (2023)India$1.31B

In 2023 Saturated Acyclic Monocarboxylic Acids were the world's 257th most traded product (out of 1,217).

In 2023, the top exporters of Saturated Acyclic Monocarboxylic Acids were China ($3.14B), United States ($2.24B), Germany ($1.33B), Belgium ($1.12B), and Malaysia ($882M).

In 2023, the top importers of Saturated Acyclic Monocarboxylic Acids were India ($1.31B), Belgium ($1.16B), Germany ($1.13B), United States ($961M), and China ($925M).

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Exporters of Saturated Acyclic Monocarboxylic Acids (2023)
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Importers of Saturated Acyclic Monocarboxylic Acids (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Finland$8.77M
Top Destination Growth (2022 -  2023)Ethiopia$16.1M

Between 2022 and 2023, the exports of Saturated Acyclic Monocarboxylic Acids grew the fastest in Finland ($8.77M), Ireland ($2.8M), Croatia ($2.39M), Switzerland ($2.14M), and Slovenia ($1.02M).

Between 2022 and 2023, the fastest growing importers of Saturated Acyclic Monocarboxylic Acids were Ethiopia ($16.1M), Uzbekistan ($4.89M), Cote d'Ivoire ($4.31M), Albania ($3.76M), and Senegal ($2.78M).

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Exporters of Saturated Acyclic Monocarboxylic Acids (2022 - 2023)

Importers of Saturated Acyclic Monocarboxylic Acids (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Saturated Acyclic Monocarboxylic Acids.

In 2023, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Saturated Acyclic Monocarboxylic Acids are explained by 17 countries.

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Value of Exports in Saturated Acyclic Monocarboxylic Acids

Net Trade

TOP NET EXPORTER (2023)China$2.22B
TOP NET IMPORTER (2023)India$699M

This map shows which countries export or import more of Saturated Acyclic Monocarboxylic Acids. Each country is colored based on the difference in exports and imports of Saturated Acyclic Monocarboxylic Acids during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Saturated Acyclic Monocarboxylic Acids were China ($2.22B), United States ($1.28B), Malaysia ($678M), Saudi Arabia ($345M), and Indonesia ($302M).

In 2023, the countries that had a largest trade value in imports than in exports of Saturated Acyclic Monocarboxylic Acids were India ($699M), Italy ($422M), Spain ($313M), Brazil ($312M), and Turkey ($306M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Saturated Acyclic Monocarboxylic Acids, disaggragated by their HS6 level were Saturated acyclic monocarboxylic acids, derivs, nes ($3.53B), Vinyl acetate ($2.03B), Acetic acid esters nes ($1.97B), Acetic acid ($1.95B), and Ethyl acetate ($1.36B)

HS6 Disaggregation for Saturated Acyclic Monocarboxylic Acids (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 Saturated Acyclic Monocarboxylic Acids.
It is possible to select the main countries that export or import Saturated Acyclic Monocarboxylic Acids in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Saturated Acyclic Monocarboxylic Acids by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $220M
TOP IMPORT POTENTIALIndia+ $49.2M

Saturated Acyclic Monocarboxylic Acids’s highest export potential is India. With an export gap of $220M.  Saturated Acyclic Monocarboxylic Acids’s highest import potential is India with an import gap of $49.2M.

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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 Saturated Acyclic Monocarboxylic Acids.

Country by Relatedness

The following visualization shows the relatedness of Saturated Acyclic Monocarboxylic Acids 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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