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1519 (Harmonized System 1992 for 4-digit)

2023
World Trade $13.9BRnk 285 / 1217
2023
Top Exporter | Top Importer $5.63B | $2.37BIndonesia | China
2023
Product Complexity -0.87Rnk 822 / 1044
2022 - 2023
Export Growth (CAGR) -23.6%Rnk 1088 / 1217
2023
Share of World Trade 0.062%Rnk 285 / 1217

About

Overview This page contains the latest trade data of Stearic Acid. In 2023, Stearic Acid were the world's 285th most traded product, with a total trade of $13.9B. Between 2022 and 2023 the exports of Stearic Acid decreased by -23.6%, from $18.2B to $13.9B. Trade in Stearic Acid represent 0.062% of total world trade.

Stearic Acid are a part of Animal or vegetable fats, oils, & waxes. They include Industrial monocarboxylic fatty acids, nes, acid oils, Industrial fatty alcohols, Acid oils from refining, Stearic acid, Oleic acid, and Tall oil fatty acids.

Exports In 2023 the top exporters of Stearic Acid  were Indonesia ($5.63B), Malaysia ($2.67B), Netherlands ($1.1B), Germany ($794M), and United States ($513M).

Imports In 2023 the top importers of Stearic Acid were China ($2.37B), Netherlands ($1.64B), Italy ($943M), Malaysia ($930M), and United States ($767M).

Ranking Stearic Acid ranks 822nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Stearic Acid. 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)Indonesia$5.63B
Top Destination (2023)China$2.37B

In 2023 Stearic Acid were the world's 285th most traded product (out of 1,217).

In 2023, the top exporters of Stearic Acid were Indonesia ($5.63B), Malaysia ($2.67B), Netherlands ($1.1B), Germany ($794M), and United States ($513M).

In 2023, the top importers of Stearic Acid were China ($2.37B), Netherlands ($1.64B), Italy ($943M), Malaysia ($930M), and United States ($767M).

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Exporters of Stearic Acid (2023)
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Importers of Stearic Acid (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Turkey$65.8M
Top Destination Growth (2022 -  2023)Philippines$8.42M

Between 2022 and 2023, the exports of Stearic Acid grew the fastest in Turkey ($65.8M), Finland ($33.1M), Croatia ($7.25M), Papua New Guinea ($6.85M), and Ghana ($5.74M).

Between 2022 and 2023, the fastest growing importers of Stearic Acid were Philippines ($8.42M), Ireland ($3.82M), Panama ($3.34M), Kazakhstan ($2.7M), and Norway ($2.46M).

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Exporters of Stearic Acid (2022 - 2023)

Importers of Stearic Acid (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Stearic Acid.

In 2023, market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Stearic Acid are explained by 9 countries.

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Value of Exports in Stearic Acid

Net Trade

TOP NET EXPORTER (2023)Indonesia$5.56B
TOP NET IMPORTER (2023)China$2.26B

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

In 2023, the countries that had a largest trade value in exports than in imports of Stearic Acid were Indonesia ($5.56B), Malaysia ($1.74B), Argentina ($229M), Germany ($132M), and Finland ($75.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Stearic Acid were China ($2.26B), Italy ($791M), Netherlands ($532M), South Korea ($469M), and India ($338M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Stearic Acid, disaggragated by their HS6 level were Industrial monocarboxylic fatty acids, nes, acid... ($7.72B), Industrial fatty alcohols ($3.72B), Stearic acid ($1.46B), Oleic acid ($544M), and Tall oil fatty acids ($480M)

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

Top 10 Exporters Countries of Stearic Acid by percentage of total exports

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Stearic Acid’s highest export potential is N/A. With an export gap of N/A.  Stearic Acid’s highest import potential is N/A with an import gap of N/A.

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 Stearic Acid.

Country by Relatedness

The following visualization shows the relatedness of Stearic Acid 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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