HS Icon Acyclic Alcohols

2905 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $30.5B, Rnk 120 / 1217

2019
Top Exporter | Top Importer
: $4.28B | $8.23B, Saudi Arabia | China

2019
Product Complexity
: -0.71, Rnk 712 / 961

2018 - 2019
Export Growth (CAGR)
: -20.3%, Rnk 1148 / 1217

2018
Mean Tariff
: 4.52%, Rnk 907 / 1259

 2019
Share of World Trade
: 0.17%, Rnk 120 / 1217

Overview:  This page contains the latest trade data of Acyclic Alcohols. In 2019, Acyclic Alcohols were the world's 120th most traded product, with a total trade of $30.5B. Between 2018 and 2019 the exports of Acyclic Alcohols decreased by -20.3%, from  $38.3B to $30.5B. Trade in Acyclic Alcohols represent 0.17% of total world trade.

Exports: In 2019 the top exporters of Acyclic Alcohols  were Saudi Arabia ($4.28B), United States ($2.87B), Germany ($2.28B), Chinese Taipei ($1.4B), and China ($1.39B).

Imports: In 2019 the top importers of Acyclic Alcohols were China ($8.23B), United States ($1.89B), India ($1.64B), South Korea ($1.5B), and Germany ($1.47B).

Tariffs: In 2018 the average tariff for Acyclic Alcohols was 4.52%, making it the 907th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Acyclic Alcohols are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (11.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Acyclic Alcohols ranks 712th in the Product Complexity Index (PCI).

Description: Acyclic alcohols are used in the production of solvents, as well as in the preparation of pharmaceuticals, and as a fuel additive. Halogenated derivatives are used in the production of pesticides, solvents, and pharmaceuticals. Nitrated derivatives are used in the production of explosives. Nitrosated derivatives are used in the production of pharmaceuticals.

Exporters and Importers

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Trade By Country

Top Origin (2019): Saudi Arabia, $4.28B

Top Destination (2019): China, $8.23B

Acyclic Alcohols are the world's 120th most traded product.

In 2019, the top exporters of Acyclic Alcohols were Saudi Arabia ($4.28B), United States ($2.87B), Germany ($2.28B), Chinese Taipei ($1.4B), and China ($1.39B).

In 2019, the top importers of Acyclic Alcohols were China ($8.23B), United States ($1.89B), India ($1.64B), South Korea ($1.5B), and Germany ($1.47B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Oman, $216M

Top Destination Growth (2018 - 2019): Nigeria, $13.2M

Between 2018 and 2019, the exports of Acyclic Alcohols grew the fastest in Oman ($216M), Chile ($49.8M), United States ($35.3M), Cyprus ($32.1M), and Libya ($26M).

Between 2018 and 2019, the fastest growing importers of Acyclic Alcohols were Nigeria ($13.2M), Iran ($7.69M), Tunisia ($7.06M), Azerbaijan ($6.03M), and United Arab Emirates ($5.6M).

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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 Acyclic Alcohols.

In 2019,  market concentration measured using Shannon Entropy, was 4.82. This means that most of the exports of Acyclic Alcohols are explained by 28 countries.

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TOP NET EXPORTER (2019): Saudi Arabia, $4.21B

TOP NET IMPORTER (2019): China, $6.83B

This map shows which countries export or import more of Acyclic Alcohols. Each country is colored based on the difference in exports and imports of Acyclic Alcohols during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Acyclic Alcohols were Saudi Arabia ($4.21B), Trinidad and Tobago ($1.39B), Iran ($1.03B), United States ($978M), and Singapore ($828M).

In 2019, the countries that had a largest trade value in imports than in exports of Acyclic Alcohols were China ($6.83B), India ($1.22B), South Korea ($716M), Turkey ($701M), and Italy ($655M).

Disaggregation

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Value

In 2019, the world most traded Acyclic Alcohols, disaggragated by their HS6 level were Methyl alcohol ($9.86B), Ethylene glycol (ethanediol) ($8.13B), Diols except ethylene and propylene glycol ($1.92B), Saturated monohydric acyclic alcohols nes ($1.9B), and Propylene glycol (propane-1,2-diol) ($1.48B)

Import Tariffs

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In 2018, the average tariff for importing Acyclic Alcohols was 4.52%.  The countries with the highest tariffs for importing Acyclic Alcohols were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (11.9%).

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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.