HS Icon Saturated acyclic monocarboxylic acids, derivs, nes

291590 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.18B, Rnk 954 / 4726

Top Exporter (2018): $398M, Malaysia

Top Importer (2018): $399M, China

Product Complexity (2018): 1.31, Rnk 367 / 4873

Export Growth (CAGR)(2017 - 2018): 8.28%, Rnk 2917 / 4726

Mean Tariff (2018): 5%, Rnk 4142 / 6538

Share of World Trade (2018): 0.017%, Rnk 954 / 4726

Overview:  This page contains the latest trade data of Saturated acyclic monocarboxylic acids, derivs, nes. In 2018, Saturated acyclic monocarboxylic acids, derivs, nes were the world's 954th most traded product, with a total trade of $3.18B. Between 2017 and 2018 the exports of Saturated acyclic monocarboxylic acids, derivs, nes grew by 8.28%, from  $2.93B to $3.18B. Trade in Saturated acyclic monocarboxylic acids, derivs, nes represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Saturated acyclic monocarboxylic acids, derivs, nes  were Malaysia ($398M), Germany ($395M), China ($347M), Netherlands ($332M), and Indonesia ($314M).

Imports: In 2018 the top importers of Saturated acyclic monocarboxylic acids, derivs, nes were China ($399M), United States ($299M), Belgium-Luxembourg ($246M), Netherlands ($244M), and Germany ($223M).

Tariffs: In 2018 the average tariff for Saturated acyclic monocarboxylic acids, derivs, nes was 5%, been the 4142 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Saturated acyclic monocarboxylic acids, derivs, nes are Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Iran (16%), and Romania (15.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Saturated acyclic monocarboxylic acids, derivs, nes ranks 367th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Malaysia, $398M

Top Destination (2018): China, $399M

Saturated acyclic monocarboxylic acids, derivs, nes are the world's 954th most traded product.

In 2018, the top exporters of Saturated acyclic monocarboxylic acids, derivs, nes were Malaysia ($398M), Germany ($395M), China ($347M), Netherlands ($332M), and Indonesia ($314M).

In 2018, the top importers of Saturated acyclic monocarboxylic acids, derivs, nes were China ($399M), United States ($299M), Belgium-Luxembourg ($246M), Netherlands ($244M), and Germany ($223M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $129M

Top Destination Growth (2017 - 2018): China, $64.1M

Between 2017 and 2018, the exports of Saturated acyclic monocarboxylic acids, derivs, nes grew the fastest in China ($129M), Belgium-Luxembourg ($59.8M), United Kingdom ($40.9M), India ($33.2M), and South Korea ($31.6M).

Between 2017 and 2018, the fastest growing importers of Saturated acyclic monocarboxylic acids, derivs, nes were China ($64.1M), Japan ($41.8M), United States ($31.7M), Belgium-Luxembourg ($31.6M), and Germany ($24.9M).

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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 Saturated acyclic monocarboxylic acids, derivs, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Saturated acyclic monocarboxylic acids, derivs, nes are explained by 15 countries.

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TOP NET EXPORTER (2018): Malaysia, $367M

TOP NET IMPORTER (2018): United States, $88.8M

This map shows which countries export or import more of Saturated acyclic monocarboxylic acids, derivs, nes. Each country is colored based on the difference in exports and imports of Saturated acyclic monocarboxylic acids, derivs, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Saturated acyclic monocarboxylic acids, derivs, nes were Malaysia ($367M), Indonesia ($291M), Germany ($172M), Netherlands ($88.1M), and Sweden ($51.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Saturated acyclic monocarboxylic acids, derivs, nes were United States ($88.8M), Spain ($78.1M), Italy ($61.5M), Japan ($60.4M), and United Kingdom ($55.6M).

Trade Forecasts

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This section shows forecasts for total trade for Saturated acyclic monocarboxylic acids, derivs, nes. 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, derivs, nes was 5%.  The countries with the highest tariffs for importing Saturated acyclic monocarboxylic acids, derivs, nes were Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Iran (16%), and Romania (15.4%).

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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.