HS Icon Ethylene

290121 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.96B, Rnk 348 / 4726

Top Exporter (2018): $1.44B, Netherlands

Top Importer (2018): $2.98B, China

Product Complexity (2018): 0.49, Rnk 1692 / 4873

Export Growth (CAGR)(2017 - 2018): 19.2%, Rnk 1439 / 4726

Mean Tariff (2018): 2.68%, Rnk 5885 / 6538

Share of World Trade (2018): 0.049%, Rnk 348 / 4726

Overview:  This page contains the latest trade data of Ethylene. In 2018, Ethylene were the world's 348th most traded product, with a total trade of $8.96B. Between 2017 and 2018 the exports of Ethylene grew by 19.2%, from  $7.52B to $8.96B. Trade in Ethylene represent 0.049% of total world trade.

Exports: In 2018 the top exporters of Ethylene  were Netherlands ($1.44B), United Kingdom ($1.19B), South Korea ($1.03B), Japan ($705M), and Italy ($498M).

Imports: In 2018 the top importers of Ethylene were China ($2.98B), Belgium-Luxembourg ($2.03B), Germany ($834M), Indonesia ($695M), and Netherlands ($446M).

Tariffs: In 2018 the average tariff for Ethylene was 2.68%, been the 5885 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ethylene are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Nepal (9.89%), and Bangladesh (9.83%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ethylene ranks 1692nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $1.44B

Top Destination (2018): China, $2.98B

Ethylene are the world's 348th most traded product.

In 2018, the top exporters of Ethylene were Netherlands ($1.44B), United Kingdom ($1.19B), South Korea ($1.03B), Japan ($705M), and Italy ($498M).

In 2018, the top importers of Ethylene were China ($2.98B), Belgium-Luxembourg ($2.03B), Germany ($834M), Indonesia ($695M), and Netherlands ($446M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $419M

Top Destination Growth (2017 - 2018): China, $659M

Between 2017 and 2018, the exports of Ethylene grew the fastest in United Kingdom ($419M), Netherlands ($377M), Thailand ($156M), Malaysia ($134M), and Italy ($123M).

Between 2017 and 2018, the fastest growing importers of Ethylene were China ($659M), Germany ($291M), Belgium-Luxembourg ($154M), France ($128M), and Netherlands ($78M).

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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 Ethylene.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Ethylene are explained by 17 countries.

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TOP NET EXPORTER (2018): United Kingdom, $1.17B

TOP NET IMPORTER (2018): China, $2.98B

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

In 2018, the countries that had a largest trade value in exports than in imports of Ethylene were United Kingdom ($1.17B), Netherlands ($999M), South Korea ($883M), Japan ($561M), and Norway ($337M).

In 2018, the countries that had a largest trade value in imports than in exports of Ethylene were China ($2.98B), Belgium-Luxembourg ($1.55B), Germany ($626M), Indonesia ($554M), and Chinese Taipei ($135M).

Trade Forecasts

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This section shows forecasts for total trade for Ethylene. 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 Ethylene was 2.68%.  The countries with the highest tariffs for importing Ethylene were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Nepal (9.89%), and Bangladesh (9.83%).

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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.