HS Icon Methyl alcohol

290511 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.2B, Rnk 240 / 4726

Top Exporter (2018): $1.71B, Trinidad and Tobago

Top Importer (2018): $2.53B, China

Product Complexity (2018): -1.3, Rnk 4297 / 4873

Export Growth (CAGR)(2017 - 2018): 42.3%, Rnk 460 / 4726

Mean Tariff (2018): 3.74%, Rnk 5231 / 6538

Share of World Trade (2018): 0.067%, Rnk 240 / 4726

Overview:  This page contains the latest trade data of Methyl alcohol. In 2018, Methyl alcohol were the world's 240th most traded product, with a total trade of $12.2B. Between 2017 and 2018 the exports of Methyl alcohol grew by 42.3%, from  $8.6B to $12.2B. Trade in Methyl alcohol represent 0.067% of total world trade.

Exports: In 2018 the top exporters of Methyl alcohol  were Trinidad and Tobago ($1.71B), Saudi Arabia ($1.53B), Iran ($1.4B), United States ($763M), and Netherlands ($682M).

Imports: In 2018 the top importers of Methyl alcohol were China ($2.53B), United States ($898M), South Korea ($885M), Netherlands ($744M), and Germany ($743M).

Tariffs: In 2018 the average tariff for Methyl alcohol was 3.74%, been the 5231 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Methyl alcohol are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Paraguay (11.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Methyl alcohol ranks 4297th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Trinidad and Tobago, $1.71B

Top Destination (2018): China, $2.53B

Methyl alcohol are the world's 240th most traded product.

In 2018, the top exporters of Methyl alcohol were Trinidad and Tobago ($1.71B), Saudi Arabia ($1.53B), Iran ($1.4B), United States ($763M), and Netherlands ($682M).

In 2018, the top importers of Methyl alcohol were China ($2.53B), United States ($898M), South Korea ($885M), Netherlands ($744M), and Germany ($743M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Trinidad and Tobago, $561M

Top Destination Growth (2017 - 2018): Netherlands, $505M

Between 2017 and 2018, the exports of Methyl alcohol grew the fastest in Trinidad and Tobago ($561M), Saudi Arabia ($495M), Egypt ($454M), United States ($385M), and Netherlands ($297M).

Between 2017 and 2018, the fastest growing importers of Methyl alcohol were Netherlands ($505M), Chinese Taipei ($345M), South Korea ($344M), Germany ($234M), and China ($225M).

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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 Methyl alcohol.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Methyl alcohol are explained by 19 countries.

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TOP NET EXPORTER (2018): Trinidad and Tobago, $1.71B

TOP NET IMPORTER (2018): China, $2.42B

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

In 2018, the countries that had a largest trade value in exports than in imports of Methyl alcohol were Trinidad and Tobago ($1.71B), Saudi Arabia ($1.53B), Iran ($1.4B), Russia ($635M), and Oman ($613M).

In 2018, the countries that had a largest trade value in imports than in exports of Methyl alcohol were China ($2.42B), South Korea ($874M), India ($690M), Japan ($652M), and Germany ($608M).

Trade Forecasts

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This section shows forecasts for total trade for Methyl alcohol. 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 Methyl alcohol was 3.74%.  The countries with the highest tariffs for importing Methyl alcohol were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Paraguay (11.5%).

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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.