HS Icon Butene (butylene) and isomers thereof

290123 (Harmonized System 1992 for 6-digit)

World Trade (2018): $990M, Rnk 2043 / 4726

Top Exporter (2018): $213M, United States

Top Importer (2018): $200M, Canada

Product Complexity (2018): 0.82, Rnk 614 / 2722

Export Growth (CAGR)(2017 - 2018): 24.1%, Rnk 1113 / 4726

Mean Tariff (2018): 3.91%, Rnk 5064 / 6538

Share of World Trade (2018): 0.0054%, Rnk 2043 / 4726

Overview:  This page contains the latest trade data of Butene (butylene) and isomers thereof. In 2018, Butene (butylene) and isomers thereof were the world's 2043rd most traded product, with a total trade of $990M. Between 2017 and 2018 the exports of Butene (butylene) and isomers thereof grew by 24.1%, from  $798M to $990M. Trade in Butene (butylene) and isomers thereof represent 0.0054% of total world trade.

Exports: In 2018 the top exporters of Butene (butylene) and isomers thereof  were United States ($213M), Belgium-Luxembourg ($176M), Netherlands ($172M), South Korea ($102M), and Indonesia ($77.7M).

Imports: In 2018 the top importers of Butene (butylene) and isomers thereof were Canada ($200M), Belgium-Luxembourg ($142M), Saudi Arabia ($83.3M), India ($79.2M), and Singapore ($51.8M).

Tariffs: In 2018 the average tariff for Butene (butylene) and isomers thereof was 3.91%, been the 5064 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Butene (butylene) and isomers thereof are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Butene (butylene) and isomers thereof ranks 614th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $213M

Top Destination (2018): Canada, $200M

Butene (butylene) and isomers thereof are the world's 2043rd most traded product.

In 2018, the top exporters of Butene (butylene) and isomers thereof were United States ($213M), Belgium-Luxembourg ($176M), Netherlands ($172M), South Korea ($102M), and Indonesia ($77.7M).

In 2018, the top importers of Butene (butylene) and isomers thereof were Canada ($200M), Belgium-Luxembourg ($142M), Saudi Arabia ($83.3M), India ($79.2M), and Singapore ($51.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $72.9M

Top Destination Growth (2017 - 2018): India, $48.4M

Between 2017 and 2018, the exports of Butene (butylene) and isomers thereof grew the fastest in Netherlands ($72.9M), Belgium-Luxembourg ($36.6M), United States ($24.4M), Chinese Taipei ($22M), and Italy ($12.7M).

Between 2017 and 2018, the fastest growing importers of Butene (butylene) and isomers thereof were India ($48.4M), Belgium-Luxembourg ($42.9M), Canada ($38.7M), Switzerland ($27.1M), and Thailand ($22.8M).

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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 Butene (butylene) and isomers thereof.

In 2018,  market concentration measured using Shannon Entropy, was 3.25. This means that most of the exports of Butene (butylene) and isomers thereof are explained by 9 countries.

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TOP NET EXPORTER (2018): United States, $182M

TOP NET IMPORTER (2018): Canada, $200M

This map shows which countries export or import more of Butene (butylene) and isomers thereof. Each country is colored based on the difference in exports and imports of Butene (butylene) and isomers thereof during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Butene (butylene) and isomers thereof were United States ($182M), Netherlands ($122M), South Korea ($99.4M), Indonesia ($48.2M), and Chinese Taipei ($38.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Butene (butylene) and isomers thereof were Canada ($200M), India ($79.2M), Thailand ($42.5M), Switzerland ($35.4M), and China ($34.1M).

Import Tariffs

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In 2018, the average tariff for importing Butene (butylene) and isomers thereof was 3.91%.  The countries with the highest tariffs for importing Butene (butylene) and isomers thereof were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%).

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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.