HS Icon Glycerol

1520 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.41B, Rnk 691 / 1225

Top Exporter (2018): $489M, Indonesia

Top Importer (2018): $524M, China

Product Complexity (2018): -0.15, Rnk 595 / 1018

Export Growth (CAGR)(2017 - 2018): 43.5%, Rnk 90 / 1225

Mean Tariff (2018): 3.53%, Rnk 1075 / 1259

Share of World Trade (2018): 0.013%, Rnk 691 / 1225

Overview:  This page contains the latest trade data of Glycerol. In 2018, Glycerol were the world's 691st most traded product, with a total trade of $2.41B. Between 2017 and 2018 the exports of Glycerol grew by 43.5%, from  $1.68B to $2.41B. Trade in Glycerol represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Glycerol  were Indonesia ($489M), Malaysia ($388M), Germany ($356M), Netherlands ($199M), and Brazil ($162M).

Imports: In 2018 the top importers of Glycerol were China ($524M), Netherlands ($160M), United States ($148M), Germany ($136M), and India ($95.4M).

Tariffs: In 2018 the average tariff for Glycerol was 3.53%, been the 1075 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glycerol are Tunisia (36%), Bahamas (35.7%), Algeria (27.6%), Bangladesh (24.5%), and Ethiopia (19.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Glycerol ranks 595th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $489M

Top Destination (2018): China, $524M

Glycerol are the world's 691st most traded product.

In 2018, the top exporters of Glycerol were Indonesia ($489M), Malaysia ($388M), Germany ($356M), Netherlands ($199M), and Brazil ($162M).

In 2018, the top importers of Glycerol were China ($524M), Netherlands ($160M), United States ($148M), Germany ($136M), and India ($95.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $203M

Top Destination Growth (2017 - 2018): China, $191M

Between 2017 and 2018, the exports of Glycerol grew the fastest in Indonesia ($203M), Germany ($110M), Malaysia ($98.9M), Netherlands ($72.6M), and Brazil ($57.3M).

Between 2017 and 2018, the fastest growing importers of Glycerol were China ($191M), Germany ($59M), India ($40.5M), United States ($35.9M), and Mexico ($33.1M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Glycerol are explained by 14 countries.

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TOP NET EXPORTER (2018): Indonesia, $482M

TOP NET IMPORTER (2018): China, $520M

This map shows which countries export or import more of Glycerol. Each country is colored based on the difference in exports and imports of Glycerol during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Glycerol were Indonesia ($482M), Malaysia ($333M), Germany ($220M), Brazil ($156M), and Argentina ($131M).

In 2018, the countries that had a largest trade value in imports than in exports of Glycerol were China ($520M), India ($84.5M), Japan ($79.1M), United States ($70.2M), and Mexico ($67.6M).

Trade Forecasts

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This section shows forecasts for total trade for Glycerol. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Glycerol was 3.53%.  The countries with the highest tariffs for importing Glycerol were Tunisia (36%), Bahamas (35.7%), Algeria (27.6%), Bangladesh (24.5%), and Ethiopia (19.8%).

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Product Complexity

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Diversification Frontier

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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.