HS Icon Phenol Derivatives

2908 (Harmonized System 1992 for 4-digit)

World Trade (2018): $673M, Rnk 986 / 1225

Top Exporter (2018): $131M, United States

Top Importer (2018): $172M, China

Product Complexity (2018): 0.76, Rnk 258 / 1018

Export Growth (CAGR)(2017 - 2018): 14.2%, Rnk 555 / 1225

Mean Tariff (2018): 3.53%, Rnk 1076 / 1259

Share of World Trade (2018): 0.0037%, Rnk 986 / 1225

Overview:  This page contains the latest trade data of Phenol Derivatives. In 2018, Phenol Derivatives were the world's 986th most traded product, with a total trade of $673M. Between 2017 and 2018 the exports of Phenol Derivatives grew by 14.2%, from  $589M to $673M. Trade in Phenol Derivatives represent 0.0037% of total world trade.

Exports: In 2018 the top exporters of Phenol Derivatives  were United States ($131M), Israel ($127M), Jordan ($107M), China ($82.1M), and India ($43.4M).

Imports: In 2018 the top importers of Phenol Derivatives were China ($172M), South Korea ($117M), Chinese Taipei ($104M), United States ($37.4M), and Japan ($27.2M).

Tariffs: In 2018 the average tariff for Phenol Derivatives was 3.53%, been the 1076 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Phenol Derivatives 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%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Phenol Derivatives ranks 258th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $131M

Top Destination (2018): China, $172M

Phenol Derivatives are the world's 986th most traded product.

In 2018, the top exporters of Phenol Derivatives were United States ($131M), Israel ($127M), Jordan ($107M), China ($82.1M), and India ($43.4M).

In 2018, the top importers of Phenol Derivatives were China ($172M), South Korea ($117M), Chinese Taipei ($104M), United States ($37.4M), and Japan ($27.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $36M

Top Destination Growth (2017 - 2018): Chinese Taipei, $38.8M

Between 2017 and 2018, the exports of Phenol Derivatives grew the fastest in United States ($36M), India ($14.8M), China ($14.4M), Jordan ($6.25M), and Chinese Taipei ($5.92M).

Between 2017 and 2018, the fastest growing importers of Phenol Derivatives were Chinese Taipei ($38.8M), China ($21.3M), India ($9.51M), Belgium-Luxembourg ($5.56M), and Austria ($5.34M).

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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 Phenol Derivatives.

In 2018,  market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Phenol Derivatives are explained by 11 countries.

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TOP NET EXPORTER (2018): Israel, $126M

TOP NET IMPORTER (2018): South Korea, $108M

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

In 2018, the countries that had a largest trade value in exports than in imports of Phenol Derivatives were Israel ($126M), Jordan ($107M), United States ($93.6M), Mexico ($19.8M), and India ($17.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Phenol Derivatives were South Korea ($108M), Chinese Taipei ($95.7M), China ($90.2M), Italy ($14.5M), and United Arab Emirates ($9.74M).

Trade Forecasts

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This section shows forecasts for total trade for Phenol Derivatives. 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 Phenol Derivatives was 3.53%.  The countries with the highest tariffs for importing Phenol Derivatives 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.