HS Icon Acyclic Alcohols

2905 (Harmonized System 1992 for 4-digit)

World Trade (2018): $37.7B, Rnk 96 / 1225

Top Exporter (2018): $5.14B, Saudi Arabia

Top Importer (2018): $10.2B, China

Product Complexity (2018): -0.76, Rnk 763 / 1018

Export Growth (CAGR)(2017 - 2018): 16%, Rnk 472 / 1225

Mean Tariff (2018): 4.52%, Rnk 907 / 1259

Share of World Trade (2018): 0.21%, Rnk 96 / 1225

Overview: In 2018, Acyclic Alcohols were the world's 96th most traded product, with a total trade of $37.7B. Between 2017 and 2018 the exports of Acyclic Alcohols grew by 16%, from  $32.5B to $37.7B. Trade in Acyclic Alcohols represent 0.21% of total world trade.

Exports: In 2018 the top exporters of Acyclic Alcohols  were Saudi Arabia ($5.14B), United States ($2.83B), Germany ($2.74B), Chinese Taipei ($1.96B), and Singapore ($1.84B).

Imports: In 2018 the top importers of Acyclic Alcohols were China ($10.2B), United States ($2.56B), Germany ($1.93B), India ($1.91B), and South Korea ($1.88B).

Tariffs: In 2018 the average tariff for Acyclic Alcohols was 4.52%, been the 907 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Acyclic Alcohols are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (11.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Acyclic Alcohols ranks 763rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Saudi Arabia, $5.14B

Top Destination (2018): China, $10.2B

Acyclic Alcohols are the world's 96th most traded product.

In 2018, the top exporters of Acyclic Alcohols were Saudi Arabia ($5.14B), United States ($2.83B), Germany ($2.74B), Chinese Taipei ($1.96B), and Singapore ($1.84B).

In 2018, the top importers of Acyclic Alcohols were China ($10.2B), United States ($2.56B), Germany ($1.93B), India ($1.91B), and South Korea ($1.88B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $694M

Top Destination Growth (2017 - 2018): Netherlands, $508M

Between 2017 and 2018, the exports of Acyclic Alcohols grew the fastest in United States ($694M), Trinidad and Tobago ($561M), China ($560M), Egypt ($454M), and Chinese Taipei ($350M).

Between 2017 and 2018, the fastest growing importers of Acyclic Alcohols were Netherlands ($508M), Chinese Taipei ($496M), South Korea ($466M), United States ($370M), and Germany ($344M).

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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 Alcohols.

In 2018,  market concentration measured using Shannon Entropy, was 4.83. This means that most of the exports of Acyclic Alcohols are explained by 28 countries.

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TOP NET EXPORTER (2018): Saudi Arabia, $5.08B

TOP NET IMPORTER (2018): China, $8.67B

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

In 2018, the countries that had a largest trade value in exports than in imports of Acyclic Alcohols were Saudi Arabia ($5.08B), Trinidad and Tobago ($1.71B), Iran ($1.6B), Singapore ($1.33B), and Kuwait ($1.13B).

In 2018, the countries that had a largest trade value in imports than in exports of Acyclic Alcohols were China ($8.67B), India ($1.32B), South Korea ($948M), Italy ($870M), and Turkey ($727M).

Trade Forecasts

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This section shows forecasts for total trade for Acyclic Alcohols. 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 Alcohols was 4.52%.  The countries with the highest tariffs for importing Acyclic Alcohols were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (11.9%).

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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.