Cyclic Hydrocarbons2902 (Harmonized System 1992 for 4-digit)
2019 World Trade: $45.7B, Rnk 82 / 1217
2019 Top Exporter | Top Importer: $9.07B | $19.2B, South Korea | China
2019 Product Complexity: 0.53, Rnk 332 / 961
2018 - 2019 Export Growth (CAGR): -18.2%, Rnk 1129 / 1217
2018 Mean Tariff: 3.24%, Rnk 1113 / 1259
2019 Share of World Trade: 0.25%, Rnk 82 / 1217
Overview This page contains the latest trade data of Cyclic Hydrocarbons. In 2019, Cyclic Hydrocarbons were the world's 82nd most traded product, with a total trade of $45.7B. Between 2018 and 2019 the exports of Cyclic Hydrocarbons decreased by -18.2%, from $55.8B to $45.7B. Trade in Cyclic Hydrocarbons represent 0.25% of total world trade.
Exports In 2019 the top exporters of Cyclic Hydrocarbons were South Korea ($9.07B), Japan ($5.28B), United States ($4.18B), India ($3.58B), and Saudi Arabia ($3.2B).
Imports In 2019 the top importers of Cyclic Hydrocarbons were China ($19.2B), Chinese Taipei ($2.86B), Belgium ($2.83B), United States ($2.29B), and India ($2.08B).
Tariffs In 2018 the average tariff for Cyclic Hydrocarbons was 3.24%, making it the 1113th 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 332nd in the Product Complexity Index (PCI).
Description Cyclic hydrocarbons are used in the production of plastics, synthetic rubber, and other synthetic materials. They are also used as solvents in the manufacture of paints, varnishes, and other coatings.
Trade By Country
Top Origin (2019): South Korea, $9.07B
Top Destination (2019): China, $19.2B
Cyclic Hydrocarbons are the world's 82nd most traded product.
In 2019, the top exporters of Cyclic Hydrocarbons were South Korea ($9.07B), Japan ($5.28B), United States ($4.18B), India ($3.58B), and Saudi Arabia ($3.2B).
In 2019, the top importers of Cyclic Hydrocarbons were China ($19.2B), Chinese Taipei ($2.86B), Belgium ($2.83B), United States ($2.29B), and India ($2.08B).
Trade by country
Top Origin Growth (2018 - 2019): Indonesia, $249M
Top Destination Growth (2018 - 2019): Portugal, $124M
Between 2018 and 2019, the exports of Cyclic Hydrocarbons grew the fastest in Indonesia ($249M), Vietnam ($124M), Kazakhstan ($120M), Saudi Arabia ($104M), and China ($78.6M).
Between 2018 and 2019, the fastest growing importers of Cyclic Hydrocarbons were Portugal ($124M), Singapore ($104M), Turkey ($81.8M), Russia ($31.7M), and Brunei ($20.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cyclic Hydrocarbons.
In 2019, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Cyclic Hydrocarbons are explained by 17 countries.
TOP NET EXPORTER (2019): South Korea, $7.89B
TOP NET IMPORTER (2019): China, $18.7B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Cyclic Hydrocarbons were South Korea ($7.89B), Japan ($4.95B), Saudi Arabia ($2.62B), Singapore ($2.37B), and United States ($1.89B).
In 2019, the countries that had a largest trade value in imports than in exports of Cyclic Hydrocarbons were China ($18.7B), Belgium ($1.65B), Mexico ($1.61B), Chinese Taipei ($1.14B), and Indonesia ($613M).
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.