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290230 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.15BRnk 1078 / 4644
2023
Top Exporter | Top Importer $756M | $592MSouth Korea | India
2023
Product Complexity 0.75Rnk 1192 / 4656
2022 - 2023
Export Growth (CAGR) -7.28%Rnk 2388 / 4644
2023
Share of World Trade 0.014%Rnk 1078 / 4644

About

Overview This page contains the latest trade data of Toluene. In 2023, Toluene were the world's 1078th most traded product, with a total trade of $3.15B. Between 2022 and 2023 the exports of Toluene decreased by -7.28%, from $3.4B to $3.15B. Trade in Toluene represent 0.014% of total world trade.

Toluene are a part of Cyclic Hydrocarbons.

Exports In 2023 the top exporters of Toluene  were South Korea ($756M), China ($490M), Japan ($319M), Chinese Taipei ($295M), and Germany ($217M).

Imports In 2023 the top importers of Toluene were India ($592M), United States ($532M), South Korea ($389M), Singapore ($276M), and Indonesia ($114M).

Ranking Toluene ranks 1192nd in the Product Complexity Index (PCI).

Description Toluene is a clear, colorless, water-insoluble liquid that evaporates easily. It is used as a solvent and a paint remover.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Toluene. 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)South Korea$756M
Top Destination (2023)India$592M

In 2023 Toluene were the world's 1078th most traded product (out of 4,644).

In 2023, the top exporters of Toluene were South Korea ($756M), China ($490M), Japan ($319M), Chinese Taipei ($295M), and Germany ($217M).

In 2023, the top importers of Toluene were India ($592M), United States ($532M), South Korea ($389M), Singapore ($276M), and Indonesia ($114M).

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

Color
Top Origin Growth (2022 -  2023)South Korea$284M
Top Destination Growth (2022 -  2023)United States$212M

Between 2022 and 2023, the exports of Toluene grew the fastest in South Korea ($284M), Japan ($25.8M), Chinese Taipei ($22.6M), Brazil ($20.1M), and Iran ($19M).

Between 2022 and 2023, the fastest growing importers of Toluene were United States ($212M), Australia ($36.7M), Singapore ($29.2M), Turkey ($12.5M), and Hungary ($12.1M).

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Exporters of Toluene (2022 - 2023)

Importers of Toluene (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Toluene are explained by 13 countries.

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Value of Exports in Toluene

Net Trade

TOP NET EXPORTER (2023)China$440M
TOP NET IMPORTER (2023)India$577M

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

In 2023, the countries that had a largest trade value in exports than in imports of Toluene were China ($440M), South Korea ($366M), Japan ($316M), Chinese Taipei ($244M), and Thailand ($180M).

In 2023, the countries that had a largest trade value in imports than in exports of Toluene were India ($577M), United States ($432M), Singapore ($202M), Indonesia ($114M), and Turkey ($93.7M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Toluene 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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