HS Icon P-xylene

290243 (Harmonized System 1992 for 6-digit)

World Trade (2018): $22.9B, Rnk 111 / 4726

Top Exporter (2018): $7.65B, South Korea

Top Importer (2018): $16.2B, China

Product Complexity (2018): 0.97, Rnk 823 / 4873

Export Growth (CAGR)(2017 - 2018): 58.5%, Rnk 252 / 4726

Mean Tariff (2018): 3.37%, Rnk 5482 / 6538

Share of World Trade (2018): 0.12%, Rnk 111 / 4726

Overview:  This page contains the latest trade data of P-xylene. In 2018, P-xylene were the world's 111th most traded product, with a total trade of $22.9B. Between 2017 and 2018 the exports of P-xylene grew by 58.5%, from  $14.5B to $22.9B. Trade in P-xylene represent 0.12% of total world trade.

Exports: In 2018 the top exporters of P-xylene  were South Korea ($7.65B), Japan ($3.57B), India ($2.57B), Singapore ($1.66B), and Chinese Taipei ($1.62B).

Imports: In 2018 the top importers of P-xylene were China ($16.2B), Chinese Taipei ($1.58B), Indonesia ($935M), India ($892M), and Mexico ($590M).

Tariffs: In 2018 the average tariff for P-xylene was 3.37%, been the 5482 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for P-xylene are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: P-xylene ranks 823rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $7.65B

Top Destination (2018): China, $16.2B

P-xylene are the world's 111th most traded product.

In 2018, the top exporters of P-xylene were South Korea ($7.65B), Japan ($3.57B), India ($2.57B), Singapore ($1.66B), and Chinese Taipei ($1.62B).

In 2018, the top importers of P-xylene were China ($16.2B), Chinese Taipei ($1.58B), Indonesia ($935M), India ($892M), and Mexico ($590M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $3.05B

Top Destination Growth (2017 - 2018): China, $6.66B

Between 2017 and 2018, the exports of P-xylene grew the fastest in Japan ($3.05B), South Korea ($1.58B), India ($1.4B), Thailand ($700M), and Saudi Arabia ($349M).

Between 2017 and 2018, the fastest growing importers of P-xylene were China ($6.66B), Chinese Taipei ($568M), Indonesia ($245M), Portugal ($177M), and Malaysia ($163M).

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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 P-xylene.

In 2018,  market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of P-xylene are explained by 9 countries.

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TOP NET EXPORTER (2018): South Korea, $7.63B

TOP NET IMPORTER (2018): China, $16.2B

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

In 2018, the countries that had a largest trade value in exports than in imports of P-xylene were South Korea ($7.63B), Japan ($3.53B), India ($1.68B), Singapore ($1.62B), and Saudi Arabia ($955M).

In 2018, the countries that had a largest trade value in imports than in exports of P-xylene were China ($16.2B), Indonesia ($914M), Belgium-Luxembourg ($181M), Portugal ($176M), and Brazil ($169M).

Trade Forecasts

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This section shows forecasts for total trade for P-xylene. 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 P-xylene was 3.37%.  The countries with the highest tariffs for importing P-xylene were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%).

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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.