HS Icon Cyclic Alcohols

2906 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.43B, Rnk 688 / 1225

Top Exporter (2018): $602M, China

Top Importer (2018): $305M, China

Product Complexity (2018): 0.76, Rnk 259 / 1018

Export Growth (CAGR)(2017 - 2018): 37.1%, Rnk 120 / 1225

Mean Tariff (2018): 3.78%, Rnk 1043 / 1259

Share of World Trade (2018): 0.013%, Rnk 688 / 1225

Overview: In 2018, Cyclic Alcohols were the world's 688th most traded product, with a total trade of $2.43B. Between 2017 and 2018 the exports of Cyclic Alcohols grew by 37.1%, from  $1.77B to $2.43B. Trade in Cyclic Alcohols represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Cyclic Alcohols  were China ($602M), India ($541M), Germany ($244M), Japan ($210M), and Saudi Arabia ($167M).

Imports: In 2018 the top importers of Cyclic Alcohols were China ($305M), United States ($264M), South Korea ($172M), Germany ($159M), and Spain ($151M).

Tariffs: In 2018 the average tariff for Cyclic Alcohols was 3.78%, been the 1043 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cyclic Alcohols are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (10.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Cyclic Alcohols ranks 259th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $602M

Top Destination (2018): China, $305M

Cyclic Alcohols are the world's 688th most traded product.

In 2018, the top exporters of Cyclic Alcohols were China ($602M), India ($541M), Germany ($244M), Japan ($210M), and Saudi Arabia ($167M).

In 2018, the top importers of Cyclic Alcohols were China ($305M), United States ($264M), South Korea ($172M), Germany ($159M), and Spain ($151M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $175M

Top Destination Growth (2017 - 2018): Spain, $109M

Between 2017 and 2018, the exports of Cyclic Alcohols grew the fastest in China ($175M), India ($169M), Saudi Arabia ($167M), United States ($37.4M), and Japan ($36.6M).

Between 2017 and 2018, the fastest growing importers of Cyclic Alcohols were Spain ($109M), United States ($84.3M), Netherlands ($55.9M), China ($53.7M), and South Korea ($32.9M).

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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 Cyclic Alcohols.

In 2018,  market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Cyclic Alcohols are explained by 10 countries.

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TOP NET EXPORTER (2018): India, $447M

TOP NET IMPORTER (2018): South Korea, $156M

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

In 2018, the countries that had a largest trade value in exports than in imports of Cyclic Alcohols were India ($447M), China ($298M), Saudi Arabia ($164M), Japan ($124M), and Germany ($84.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Cyclic Alcohols were South Korea ($156M), United States ($100M), Spain ($81.9M), Thailand ($58M), and United Kingdom ($55.5M).

Trade Forecasts

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This section shows forecasts for total trade for Cyclic 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 Cyclic Alcohols was 3.78%.  The countries with the highest tariffs for importing Cyclic Alcohols were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (10.5%).

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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.