HS Icon Ethyl alcohol and other spirits, denatured

220720 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.03B, Rnk 1308 / 4726

Top Exporter (2018): $1.28B, United States

Top Importer (2018): $577M, Canada

Product Complexity (2018): -1.28, Rnk 4279 / 4873

Export Growth (CAGR)(2017 - 2018): 14.5%, Rnk 1969 / 4726

Mean Tariff (2018): 46.4%, Rnk 22 / 6538

Share of World Trade (2018): 0.011%, Rnk 1308 / 4726

Overview:  This page contains the latest trade data of Ethyl alcohol and other spirits, denatured. In 2018, Ethyl alcohol and other spirits, denatured were the world's 1308th most traded product, with a total trade of $2.03B. Between 2017 and 2018 the exports of Ethyl alcohol and other spirits, denatured grew by 14.5%, from  $1.77B to $2.03B. Trade in Ethyl alcohol and other spirits, denatured represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Ethyl alcohol and other spirits, denatured  were United States ($1.28B), France ($96M), Indonesia ($86.5M), Pakistan ($67.1M), and United Arab Emirates ($45.5M).

Imports: In 2018 the top importers of Ethyl alcohol and other spirits, denatured were Canada ($577M), China ($176M), India ($121M), South Korea ($102M), and United Arab Emirates ($92.7M).

Tariffs: In 2018 the average tariff for Ethyl alcohol and other spirits, denatured was 46.4%, been the 22 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ethyl alcohol and other spirits, denatured are Cyprus (298%), Poland (268%), Georgia (215%), Hungary (102%), and Kyrgyzstan (95.8%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Laos (0%), Maldives (0%), and Singapore (0%).

Ranking: Ethyl alcohol and other spirits, denatured ranks 4279th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.28B

Top Destination (2018): Canada, $577M

Ethyl alcohol and other spirits, denatured are the world's 1308th most traded product.

In 2018, the top exporters of Ethyl alcohol and other spirits, denatured were United States ($1.28B), France ($96M), Indonesia ($86.5M), Pakistan ($67.1M), and United Arab Emirates ($45.5M).

In 2018, the top importers of Ethyl alcohol and other spirits, denatured were Canada ($577M), China ($176M), India ($121M), South Korea ($102M), and United Arab Emirates ($92.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $86.2M

Top Destination Growth (2017 - 2018): China, $136M

Between 2017 and 2018, the exports of Ethyl alcohol and other spirits, denatured grew the fastest in Indonesia ($86.2M), United States ($70M), United Arab Emirates ($44.5M), Malaysia ($29.7M), and Pakistan ($25.3M).

Between 2017 and 2018, the fastest growing importers of Ethyl alcohol and other spirits, denatured were China ($136M), Colombia ($50.5M), Singapore ($46.7M), United Arab Emirates ($38.9M), and Malaysia ($30.3M).

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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 Ethyl alcohol and other spirits, denatured.

In 2018,  market concentration measured using Shannon Entropy, was 2.63. This means that most of the exports of Ethyl alcohol and other spirits, denatured are explained by 6 countries.

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TOP NET EXPORTER (2018): United States, $1.26B

TOP NET IMPORTER (2018): Canada, $548M

This map shows which countries export or import more of Ethyl alcohol and other spirits, denatured. Each country is colored based on the difference in exports and imports of Ethyl alcohol and other spirits, denatured during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ethyl alcohol and other spirits, denatured were United States ($1.26B), France ($91.1M), Indonesia ($75.3M), Pakistan ($65.1M), and South Africa ($41M).

In 2018, the countries that had a largest trade value in imports than in exports of Ethyl alcohol and other spirits, denatured were Canada ($548M), China ($158M), India ($112M), South Korea ($96.2M), and Colombia ($89.8M).

Trade Forecasts

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This section shows forecasts for total trade for Ethyl alcohol and other spirits, denatured. 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 Ethyl alcohol and other spirits, denatured was 46.4%.  The countries with the highest tariffs for importing Ethyl alcohol and other spirits, denatured were Cyprus (298%), Poland (268%), Georgia (215%), Hungary (102%), and Kyrgyzstan (95.8%).

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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.