HS Icon Acyclic aldehydes without other oxygen function, nes

291219 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $792M, Rnk 2290 / 4648

2019
Top Exporter | Top Importer
: $170M | $98.1M, United States | United States

2019
Product Complexity
: 1.45, Rnk 251 / 4826

2018 - 2019
Export Growth (CAGR)
: -4.29%, Rnk 2471 / 4648

2018
Mean Tariff
: 3.37%, Rnk 5486 / 6538

 2019
Share of World Trade
: 0.0044%, Rnk 2290 / 4648

Overview:  This page contains the latest trade data of Acyclic aldehydes without other oxygen function, nes. In 2019, Acyclic aldehydes without other oxygen function, nes were the world's 2290th most traded product, with a total trade of $792M. Between 2018 and 2019 the exports of Acyclic aldehydes without other oxygen function, nes decreased by -4.29%, from  $827M to $792M. Trade in Acyclic aldehydes without other oxygen function, nes represent 0.0044% of total world trade.

Exports: In 2019 the top exporters of Acyclic aldehydes without other oxygen function, nes  were United States ($170M), Germany ($157M), China ($110M), Belgium ($49.1M), and Japan ($47.7M).

Imports: In 2019 the top importers of Acyclic aldehydes without other oxygen function, nes were United States ($98.1M), Belgium ($94.1M), Germany ($73.9M), India ($62.5M), and China ($50M).

Tariffs: In 2018 the average tariff for Acyclic aldehydes without other oxygen function, nes was 3.37%, making it the 5486th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Acyclic aldehydes without other oxygen function, nes 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: Acyclic aldehydes without other oxygen function, nes ranks 251st in the Product Complexity Index (PCI).

Description: Acyclic aldehydes are used in the production of artificial flavors, flavors, fragrances, and perfumes.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $170M

Top Destination (2019): United States, $98.1M

Acyclic aldehydes without other oxygen function, nes are the world's 2290th most traded product.

In 2019, the top exporters of Acyclic aldehydes without other oxygen function, nes were United States ($170M), Germany ($157M), China ($110M), Belgium ($49.1M), and Japan ($47.7M).

In 2019, the top importers of Acyclic aldehydes without other oxygen function, nes were United States ($98.1M), Belgium ($94.1M), Germany ($73.9M), India ($62.5M), and China ($50M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $6.04M

Top Destination Growth (2018 - 2019): India, $6.64M

Between 2018 and 2019, the exports of Acyclic aldehydes without other oxygen function, nes grew the fastest in India ($6.04M), United States ($2.37M), Singapore ($2.01M), France ($1.94M), and Japan ($1.68M).

Between 2018 and 2019, the fastest growing importers of Acyclic aldehydes without other oxygen function, nes were India ($6.64M), United Arab Emirates ($5.65M), Malaysia ($3.63M), Saudi Arabia ($3.16M), and Thailand ($3.02M).

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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 aldehydes without other oxygen function, nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Acyclic aldehydes without other oxygen function, nes are explained by 12 countries.

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TOP NET EXPORTER (2019): Germany, $83.2M

TOP NET IMPORTER (2019): Belgium, $44.9M

This map shows which countries export or import more of Acyclic aldehydes without other oxygen function, nes. Each country is colored based on the difference in exports and imports of Acyclic aldehydes without other oxygen function, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Acyclic aldehydes without other oxygen function, nes were Germany ($83.2M), United States ($72.1M), China ($60.1M), Japan ($35.7M), and Sweden ($25.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Acyclic aldehydes without other oxygen function, nes were Belgium ($44.9M), India ($24M), Netherlands ($21.4M), United Kingdom ($17.6M), and Singapore ($16.1M).

Import Tariffs

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In 2018, the average tariff for importing Acyclic aldehydes without other oxygen function, nes was 3.37%.  The countries with the highest tariffs for importing Acyclic aldehydes without other oxygen function, nes 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.