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291736 (Harmonized System 1992 for 6-digit)

2023
World Trade $7.63BRnk 489 / 4644
2023
Top Exporter | Top Importer $2.6B | $1.6BChina | Turkey
2023
Product Complexity 1.01Rnk 759 / 4656
2022 - 2023
Export Growth (CAGR) -14.8%Rnk 3212 / 4644
2023
Share of World Trade 0.034%Rnk 489 / 4644

About

Overview This page contains the latest trade data of Terephthalic acid, its salts. In 2023, Terephthalic acid, its salts were the world's 489th most traded product, with a total trade of $7.63B. Between 2022 and 2023 the exports of Terephthalic acid, its salts decreased by -14.8%, from $8.96B to $7.63B. Trade in Terephthalic acid, its salts represent 0.034% of total world trade.

Terephthalic acid, its salts are a part of Polycarboxylic Acids.

Exports In 2023 the top exporters of Terephthalic acid, its salts  were China ($2.6B), South Korea ($1.43B), Thailand ($835M), Canada ($638M), and Chinese Taipei ($564M).

Imports In 2023 the top importers of Terephthalic acid, its salts were Turkey ($1.6B), India ($1.28B), United States ($908M), Vietnam ($767M), and Oman ($359M).

Ranking Terephthalic acid, its salts ranks 759th in the Product Complexity Index (PCI).

Description Terephthalic acid and its salts are used as feedstock for the production of polyesters, such as polyethylene terephthalate (PET). Terephthalic acid and its salts are used as feedstock for the production of polyesters, such as polyethylene terephthalate (PET). What is the number one use of terephthalic acid? The number one use of terephthalic acid is as feedstock for the production of polyesters, such as polyethylene terephthalate (PET).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Terephthalic acid, its salts. 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$2.6B
Top Destination (2023)Turkey$1.6B

In 2023 Terephthalic acid, its salts were the world's 489th most traded product (out of 4,644).

In 2023, the top exporters of Terephthalic acid, its salts were China ($2.6B), South Korea ($1.43B), Thailand ($835M), Canada ($638M), and Chinese Taipei ($564M).

In 2023, the top importers of Terephthalic acid, its salts were Turkey ($1.6B), India ($1.28B), United States ($908M), Vietnam ($767M), and Oman ($359M).

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Exporters of Terephthalic acid, its salts (2023)
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Importers of Terephthalic acid, its salts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$238M
Top Destination Growth (2022 -  2023)United States$350M

Between 2022 and 2023, the exports of Terephthalic acid, its salts grew the fastest in South Korea ($238M), Canada ($234M), Malaysia ($125M), Indonesia ($54.6M), and Spain ($9.35M).

Between 2022 and 2023, the fastest growing importers of Terephthalic acid, its salts were United States ($350M), Japan ($22.9M), Bangladesh ($12.6M), Portugal ($9.63M), and Thailand ($5.64M).

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Exporters of Terephthalic acid, its salts (2022 - 2023)

Importers of Terephthalic acid, its salts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Terephthalic acid, its salts.

In 2023, market concentration measured using Shannon Entropy, was 3.01. This means that most of the exports of Terephthalic acid, its salts are explained by 8 countries.

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Value of Exports in Terephthalic acid, its salts

Net Trade

TOP NET EXPORTER (2023)China$2.59B
TOP NET IMPORTER (2023)Turkey$1.59B

This map shows which countries export or import more of Terephthalic acid, its salts. Each country is colored based on the difference in exports and imports of Terephthalic acid, its salts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Terephthalic acid, its salts were China ($2.59B), South Korea ($1.42B), Thailand ($829M), Canada ($638M), and Chinese Taipei ($538M).

In 2023, the countries that had a largest trade value in imports than in exports of Terephthalic acid, its salts were Turkey ($1.59B), India ($1.27B), United States ($898M), Vietnam ($767M), and Oman ($358M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Terephthalic acid, its salts.
It is possible to select the main countries that export or import Terephthalic acid, its salts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Terephthalic acid, its salts by percentage of total exports

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)

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