Cyclic Hydrocarbons2902 (Harmonized System 1992 for 4-digit)
World Trade (2018): $55.1B, Rnk 60 / 1225
Top Exporter (2018): $11.4B, South Korea
Top Importer (2018): $23.7B, China
Product Complexity (2018): 0.76, Rnk 261 / 1018
Export Growth (CAGR)(2017 - 2018): 25.9%, Rnk 219 / 1225
Mean Tariff (2018): 3.24%, Rnk 1113 / 1259
Share of World Trade (2018): 0.3%, Rnk 60 / 1225
Overview: This page contains the latest trade data of Cyclic Hydrocarbons. In 2018, Cyclic Hydrocarbons were the world's 60th most traded product, with a total trade of $55.1B. Between 2017 and 2018 the exports of Cyclic Hydrocarbons grew by 25.9%, from $43.7B to $55.1B. Trade in Cyclic Hydrocarbons represent 0.3% of total world trade.
Exports: In 2018 the top exporters of Cyclic Hydrocarbons were South Korea ($11.4B), Japan ($6.43B), United States ($4.79B), India ($4.2B), and Netherlands ($3.92B).
Imports: In 2018 the top importers of Cyclic Hydrocarbons were China ($23.7B), Belgium-Luxembourg ($3.53B), Chinese Taipei ($2.99B), United States ($2.92B), and India ($2.6B).
Tariffs: In 2018 the average tariff for Cyclic Hydrocarbons was 3.24%, been the 1113 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Cyclic Hydrocarbons are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (11.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Cyclic Hydrocarbons ranks 261st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): South Korea, $11.4B
Top Destination (2018): China, $23.7B
Cyclic Hydrocarbons are the world's 60th most traded product.
In 2018, the top exporters of Cyclic Hydrocarbons were South Korea ($11.4B), Japan ($6.43B), United States ($4.79B), India ($4.2B), and Netherlands ($3.92B).
In 2018, the top importers of Cyclic Hydrocarbons were China ($23.7B), Belgium-Luxembourg ($3.53B), Chinese Taipei ($2.99B), United States ($2.92B), and India ($2.6B).
Trade by country
Between 2017 and 2018, the exports of Cyclic Hydrocarbons grew the fastest in Japan ($3.7B), India ($2B), South Korea ($1.29B), Thailand ($861M), and United States ($790M).
Between 2017 and 2018, the fastest growing importers of Cyclic Hydrocarbons were China ($7.18B), Chinese Taipei ($711M), United States ($512M), India ($446M), and United Arab Emirates ($422M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cyclic Hydrocarbons.
In 2018, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Cyclic Hydrocarbons are explained by 17 countries.
TOP NET EXPORTER (2018): South Korea, $9.99B
TOP NET IMPORTER (2018): China, $23.2B
This map shows which countries export or import more of Cyclic Hydrocarbons. Each country is colored based on the difference in exports and imports of Cyclic Hydrocarbons during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Cyclic Hydrocarbons were South Korea ($9.99B), Japan ($6.07B), Singapore ($3.39B), Saudi Arabia ($2.52B), and United States ($1.87B).
In 2018, the countries that had a largest trade value in imports than in exports of Cyclic Hydrocarbons were China ($23.2B), Belgium-Luxembourg ($2.04B), Mexico ($1.99B), Indonesia ($1.16B), and Pakistan ($485M).
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.
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