HS Icon Acyclic Hydrocarbons

2901 (Harmonized System 1992 for 4-digit)

World Trade (2018): $28.7B, Rnk 132 / 1225

Top Exporter (2018): $3.68B, United States

Top Importer (2018): $6.87B, China

Product Complexity (2018): 0.47, Rnk 387 / 1018

Export Growth (CAGR)(2017 - 2018): 19.5%, Rnk 349 / 1225

Mean Tariff (2018): 3.36%, Rnk 1100 / 1259

Share of World Trade (2018): 0.16%, Rnk 132 / 1225

Overview:  This page contains the latest trade data of Acyclic Hydrocarbons. In 2018, Acyclic Hydrocarbons were the world's 132nd most traded product, with a total trade of $28.7B. Between 2017 and 2018 the exports of Acyclic Hydrocarbons grew by 19.5%, from  $24B to $28.7B. Trade in Acyclic Hydrocarbons represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Acyclic Hydrocarbons  were United States ($3.68B), South Korea ($3.34B), Netherlands ($3.12B), United Kingdom ($1.65B), and Japan ($1.55B).

Imports: In 2018 the top importers of Acyclic Hydrocarbons were China ($6.87B), Belgium-Luxembourg ($3.39B), Germany ($2.15B), United States ($1.71B), and Netherlands ($1.63B).

Tariffs: In 2018 the average tariff for Acyclic Hydrocarbons was 3.36%, been the 1100 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Acyclic Hydrocarbons are Bahamas (40.2%), Bermuda (25%), Maldives (13.3%), Algeria (11.9%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Acyclic Hydrocarbons ranks 387th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.68B

Top Destination (2018): China, $6.87B

Acyclic Hydrocarbons are the world's 132nd most traded product.

In 2018, the top exporters of Acyclic Hydrocarbons were United States ($3.68B), South Korea ($3.34B), Netherlands ($3.12B), United Kingdom ($1.65B), and Japan ($1.55B).

In 2018, the top importers of Acyclic Hydrocarbons were China ($6.87B), Belgium-Luxembourg ($3.39B), Germany ($2.15B), United States ($1.71B), and Netherlands ($1.63B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $1.11B

Top Destination Growth (2017 - 2018): China, $977M

Between 2017 and 2018, the exports of Acyclic Hydrocarbons grew the fastest in United States ($1.11B), Netherlands ($818M), United Kingdom ($432M), Russia ($369M), and Canada ($356M).

Between 2017 and 2018, the fastest growing importers of Acyclic Hydrocarbons were China ($977M), Germany ($568M), United States ($477M), Belgium-Luxembourg ($359M), and Netherlands ($282M).

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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 Acyclic Hydrocarbons.

In 2018,  market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Acyclic Hydrocarbons are explained by 23 countries.

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TOP NET EXPORTER (2018): South Korea, $2.34B

TOP NET IMPORTER (2018): China, $6.7B

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

In 2018, the countries that had a largest trade value in exports than in imports of Acyclic Hydrocarbons were South Korea ($2.34B), United States ($1.97B), Netherlands ($1.49B), Russia ($1.18B), and United Kingdom ($1.04B).

In 2018, the countries that had a largest trade value in imports than in exports of Acyclic Hydrocarbons were China ($6.7B), Belgium-Luxembourg ($2B), Germany ($1.17B), France ($827M), and Mexico ($631M).

Trade Forecasts

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This section shows forecasts for total trade for Acyclic Hydrocarbons. 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 Acyclic Hydrocarbons was 3.36%.  The countries with the highest tariffs for importing Acyclic Hydrocarbons were Bahamas (40.2%), Bermuda (25%), Maldives (13.3%), Algeria (11.9%), and Nepal (9.89%).

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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.