Stearic Acid1519 (Harmonized System 1992 for 4-digit)
2020 World Trade: $8.67B, Rnk 342 / 1217
2020 Top Exporter | Top Importer: $3.08B | $1.19B, Indonesia | China
2020 Product Complexity: -0.63, Rnk 733 / 1028
2019 - 2020 Export Growth (CAGR): 3.27%, Rnk 243 / 1217
2018 Mean Tariff: 0.75%, Rnk 1257 / 1259
2020 Share of World Trade: 0.052%, Rnk 342 / 1217
Overview This page contains the latest trade data of Stearic Acid. In 2020, Stearic Acid were the world's 342nd most traded product, with a total trade of $8.67B. Between 2019 and 2020 the exports of Stearic Acid grew by 3.27%, from $8.39B to $8.67B. Trade in Stearic Acid represent 0.052% 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, Tall oil fatty acids, and Oleic acid.
Exports In 2020 the top exporters of Stearic Acid were Indonesia ($3.08B), Malaysia ($1.81B), Netherlands ($878M), Germany ($574M), and United States ($411M).
Imports In 2020 the top importers of Stearic Acid were China ($1.19B), Netherlands ($929M), United States ($608M), Germany ($556M), and India ($484M).
Tariffs In 2018 the average tariff for Stearic Acid was 0.75%, making it the 1257th lowest tariff using the HS4 product classification.
Ranking Stearic Acid ranks 733rd in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Stearic Acid are the world's 342nd most traded product.
In 2020, the top exporters of Stearic Acid were Indonesia ($3.08B), Malaysia ($1.81B), Netherlands ($878M), Germany ($574M), and United States ($411M).
In 2020, the top importers of Stearic Acid were China ($1.19B), Netherlands ($929M), United States ($608M), Germany ($556M), and India ($484M).
Trade by country
Between 2019 and 2020, the exports of Stearic Acid grew the fastest in Indonesia ($301M), Netherlands ($81.4M), Philippines ($36.4M), Belgium ($26M), and Russia ($20.6M).
Between 2019 and 2020, the fastest growing importers of Stearic Acid were China ($169M), Italy ($57.5M), South Korea ($54.9M), Malaysia ($40.9M), and France ($24.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Stearic Acid.
In 2020, market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Stearic Acid are explained by 10 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Stearic Acid were Indonesia ($3.01B), Malaysia ($1.44B), Argentina ($91.2M), Philippines ($77.5M), and South Africa ($52.7M).
In 2020, the countries that had a largest trade value in imports than in exports of Stearic Acid were China ($1.14B), South Korea ($371M), Singapore ($339M), India ($289M), and Italy ($280M).
In 2020, the world most traded Stearic Acid, disaggragated by their HS6 level were Industrial monocarboxylic fatty acids, nes, acid... ($4.2B), Industrial fatty alcohols ($2.78B), Stearic acid ($1.01B), Oleic acid ($366M), and Tall oil fatty acids ($253M)
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.
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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