HS Icon Saturated Acyclic Monocarboxylic Acids

2915 (Harmonized System 1992 for 4-digit)

World Trade (2018): $16.5B, Rnk 223 / 1225

Top Exporter (2018): $2.65B, China

Top Importer (2018): $1.73B, Belgium-Luxembourg

Product Complexity (2018): 1.12, Rnk 132 / 1018

Export Growth (CAGR)(2017 - 2018): 28.5%, Rnk 186 / 1225

Mean Tariff (2018): 4.78%, Rnk 859 / 1259

Share of World Trade (2018): 0.09%, Rnk 223 / 1225

Overview: In 2018, Saturated Acyclic Monocarboxylic Acids were the world's 223rd most traded product, with a total trade of $16.5B. Between 2017 and 2018 the exports of Saturated Acyclic Monocarboxylic Acids grew by 28.5%, from  $12.9B to $16.5B. Trade in Saturated Acyclic Monocarboxylic Acids represent 0.09% of total world trade.

Exports: In 2018 the top exporters of Saturated Acyclic Monocarboxylic Acids  were China ($2.65B), United States ($2.12B), Belgium-Luxembourg ($1.71B), Germany ($1.24B), and Singapore ($1.13B).

Imports: In 2018 the top importers of Saturated Acyclic Monocarboxylic Acids were Belgium-Luxembourg ($1.73B), Germany ($1.43B), India ($1.37B), Netherlands ($970M), and United States ($886M).

Tariffs: In 2018 the average tariff for Saturated Acyclic Monocarboxylic Acids was 4.78%, been the 859 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Saturated Acyclic Monocarboxylic Acids are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.2%), and Romania (13%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Saturated Acyclic Monocarboxylic Acids ranks 132nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.65B

Top Destination (2018): Belgium-Luxembourg, $1.73B

Saturated Acyclic Monocarboxylic Acids are the world's 223rd most traded product.

In 2018, the top exporters of Saturated Acyclic Monocarboxylic Acids were China ($2.65B), United States ($2.12B), Belgium-Luxembourg ($1.71B), Germany ($1.24B), and Singapore ($1.13B).

In 2018, the top importers of Saturated Acyclic Monocarboxylic Acids were Belgium-Luxembourg ($1.73B), Germany ($1.43B), India ($1.37B), Netherlands ($970M), and United States ($886M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $830M

Top Destination Growth (2017 - 2018): Germany, $405M

Between 2017 and 2018, the exports of Saturated Acyclic Monocarboxylic Acids grew the fastest in China ($830M), Belgium-Luxembourg ($712M), United States ($336M), Singapore ($327M), and Chinese Taipei ($305M).

Between 2017 and 2018, the fastest growing importers of Saturated Acyclic Monocarboxylic Acids were Germany ($405M), India ($391M), Belgium-Luxembourg ($361M), China ($201M), and Japan ($157M).

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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 Saturated Acyclic Monocarboxylic Acids.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Saturated Acyclic Monocarboxylic Acids are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $1.77B

TOP NET IMPORTER (2018): India, $752M

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

In 2018, the countries that had a largest trade value in exports than in imports of Saturated Acyclic Monocarboxylic Acids were China ($1.77B), United States ($1.23B), Malaysia ($748M), Singapore ($747M), and Chinese Taipei ($492M).

In 2018, the countries that had a largest trade value in imports than in exports of Saturated Acyclic Monocarboxylic Acids were India ($752M), Italy ($438M), Thailand ($354M), Turkey ($299M), and Spain ($281M).

Trade Forecasts

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This section shows forecasts for total trade for Saturated Acyclic Monocarboxylic Acids. 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 Saturated Acyclic Monocarboxylic Acids was 4.78%.  The countries with the highest tariffs for importing Saturated Acyclic Monocarboxylic Acids were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.2%), and Romania (13%).

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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.