HS Icon Butanes, liquefied

271113 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Butanes, liquefied. In 2019, Butanes, liquefied were the world's 171st most traded product, with a total trade of $16.4B. Between 2018 and 2019 the exports of Butanes, liquefied decreased by -22.4%, from $21.1B to $16.4B. Trade in Butanes, liquefied represent 0.091% of total world trade.

Exports In 2019 the top exporters of Butanes, liquefied  were United States ($3.02B), Saudi Arabia ($2.19B), Qatar ($1.64B), United Arab Emirates ($1.26B), and Kuwait ($899M).

Imports In 2019 the top importers of Butanes, liquefied were India ($2.77B), China ($2.21B), Egypt ($1.2B), Indonesia ($1.02B), and Japan ($938M).

Tariffs In 2018 the average tariff for Butanes, liquefied was 4.43%, making it the 4583rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Butanes, liquefied are Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Algeria (14.6%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking Butanes, liquefied ranks 4520th in the Product Complexity Index (PCI).

Description Butanes are used as fuel for gas ranges, as a refrigerant, as a solvent for oil and fats, and in the production of petrochemicals.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $3.02B

Top Destination (2019): India, $2.77B

Butanes, liquefied are the world's 171st most traded product.

In 2019, the top exporters of Butanes, liquefied were United States ($3.02B), Saudi Arabia ($2.19B), Qatar ($1.64B), United Arab Emirates ($1.26B), and Kuwait ($899M).

In 2019, the top importers of Butanes, liquefied were India ($2.77B), China ($2.21B), Egypt ($1.2B), Indonesia ($1.02B), and Japan ($938M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Oman, $235M

Top Destination Growth (2018 - 2019): Philippines, $76.5M

Between 2018 and 2019, the exports of Butanes, liquefied grew the fastest in Oman ($235M), Canada ($64M), Estonia ($52.1M), Indonesia ($44.5M), and India ($32.4M).

Between 2018 and 2019, the fastest growing importers of Butanes, liquefied were Philippines ($76.5M), United States ($53.8M), Mauritania ($50.7M), Ghana ($42.4M), and Vietnam ($35.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Butanes, liquefied.

In 2019,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Butanes, liquefied are explained by 22 countries.

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TOP NET EXPORTER (2019): United States, $2.63B

TOP NET IMPORTER (2019): India, $2.73B

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

In 2019, the countries that had a largest trade value in exports than in imports of Butanes, liquefied were United States ($2.63B), Saudi Arabia ($2.19B), Qatar ($1.64B), United Arab Emirates ($1.24B), and Kuwait ($898M).

In 2019, the countries that had a largest trade value in imports than in exports of Butanes, liquefied were India ($2.73B), China ($1.8B), Egypt ($1.19B), Indonesia ($956M), and Japan ($924M).

Import Tariffs

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In 2018, the average tariff for importing Butanes, liquefied was 4.43%. The countries with the highest tariffs for importing Butanes, liquefied were Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Algeria (14.6%).

Product Complexity

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Diversification Frontier

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Specialization

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.