HS Icon Toluene

290230 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.9B, Rnk 1039 / 4726

Top Exporter (2018): $464M, Japan

Top Importer (2018): $553M, South Korea

Product Complexity (2018): 0.76, Rnk 1179 / 4873

Export Growth (CAGR)(2017 - 2018): 30.2%, Rnk 799 / 4726

Mean Tariff (2018): 2.88%, Rnk 5793 / 6538

Share of World Trade (2018): 0.016%, Rnk 1039 / 4726

Overview:  This page contains the latest trade data of Toluene. In 2018, Toluene were the world's 1039th most traded product, with a total trade of $2.9B. Between 2017 and 2018 the exports of Toluene grew by 30.2%, from  $2.23B to $2.9B. Trade in Toluene represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Toluene  were Japan ($464M), United States ($445M), Singapore ($287M), South Korea ($278M), and Chinese Taipei ($215M).

Imports: In 2018 the top importers of Toluene were South Korea ($553M), Mexico ($375M), India ($320M), China ($248M), and Netherlands ($220M).

Tariffs: In 2018 the average tariff for Toluene was 2.88%, been the 5793 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Toluene are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Toluene ranks 1179th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $464M

Top Destination (2018): South Korea, $553M

Toluene are the world's 1039th most traded product.

In 2018, the top exporters of Toluene were Japan ($464M), United States ($445M), Singapore ($287M), South Korea ($278M), and Chinese Taipei ($215M).

In 2018, the top importers of Toluene were South Korea ($553M), Mexico ($375M), India ($320M), China ($248M), and Netherlands ($220M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $331M

Top Destination Growth (2017 - 2018): Mexico, $331M

Between 2017 and 2018, the exports of Toluene grew the fastest in United States ($331M), Belgium-Luxembourg ($66.9M), Japan ($62.3M), United Arab Emirates ($58.2M), and South Korea ($47.8M).

Between 2017 and 2018, the fastest growing importers of Toluene were Mexico ($331M), South Korea ($115M), Vietnam ($64.9M), Netherlands ($57.2M), and India ($41.8M).

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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 Toluene.

In 2018,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Toluene are explained by 15 countries.

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TOP NET EXPORTER (2018): Japan, $443M

TOP NET IMPORTER (2018): Mexico, $372M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Toluene were Japan ($443M), Singapore ($282M), United States ($260M), Thailand ($187M), and Chinese Taipei ($137M).

In 2018, the countries that had a largest trade value in imports than in exports of Toluene were Mexico ($372M), India ($310M), South Korea ($275M), China ($234M), and Vietnam ($116M).

Trade Forecasts

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This section shows forecasts for total trade for Toluene. 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 Toluene was 2.88%.  The countries with the highest tariffs for importing Toluene were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%).

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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.