HS Icon Ethyl acetate

291531 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.63B, Rnk 1523 / 4726

Top Exporter (2018): $465M, China

Top Importer (2018): $214M, Belgium-Luxembourg

Product Complexity (2018): 0.49, Rnk 1002 / 2722

Export Growth (CAGR)(2017 - 2018): 34.1%, Rnk 646 / 4726

Mean Tariff (2018): 5.64%, Rnk 3774 / 6538

Share of World Trade (2018): 0.0088%, Rnk 1523 / 4726

Overview:  This page contains the latest trade data of Ethyl acetate. In 2018, Ethyl acetate were the world's 1523rd most traded product, with a total trade of $1.63B. Between 2017 and 2018 the exports of Ethyl acetate grew by 34.1%, from  $1.21B to $1.63B. Trade in Ethyl acetate represent 0.0088% of total world trade.

Exports: In 2018 the top exporters of Ethyl acetate  were China ($465M), Belgium-Luxembourg ($225M), United Kingdom ($176M), Mexico ($151M), and India ($135M).

Imports: In 2018 the top importers of Ethyl acetate were Belgium-Luxembourg ($214M), Japan ($131M), Germany ($127M), Italy ($114M), and Indonesia ($95M).

Tariffs: In 2018 the average tariff for Ethyl acetate was 5.64%, making it the 3774th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ethyl acetate are Bahamas (40.2%), Bermuda (25%), Finland (20%), Pakistan (19.9%), and Iran (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Ethyl acetate ranks 1002nd in the Product Complexity Index (PCI).

Description: Ethyl acetate is a common solvent in paints and lacquers, and can also be found in nail polish removers and cleaning products.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $465M

Top Destination (2018): Belgium-Luxembourg, $214M

Ethyl acetate are the world's 1523rd most traded product.

In 2018, the top exporters of Ethyl acetate were China ($465M), Belgium-Luxembourg ($225M), United Kingdom ($176M), Mexico ($151M), and India ($135M).

In 2018, the top importers of Ethyl acetate were Belgium-Luxembourg ($214M), Japan ($131M), Germany ($127M), Italy ($114M), and Indonesia ($95M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $111M

Top Destination Growth (2017 - 2018): Germany, $44.2M

Between 2017 and 2018, the exports of Ethyl acetate grew the fastest in China ($111M), Belgium-Luxembourg ($97.7M), India ($46.2M), United Kingdom ($46.1M), and Saudi Arabia ($29.9M).

Between 2017 and 2018, the fastest growing importers of Ethyl acetate were Germany ($44.2M), Japan ($43.6M), Belgium-Luxembourg ($43.2M), Indonesia ($27.1M), and United Arab Emirates ($21.1M).

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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 Ethyl acetate.

In 2018,  market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Ethyl acetate are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $462M

TOP NET IMPORTER (2018): Japan, $130M

This map shows which countries export or import more of Ethyl acetate. Each country is colored based on the difference in exports and imports of Ethyl acetate during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ethyl acetate were China ($462M), United Kingdom ($164M), Mexico ($139M), India ($131M), and Saudi Arabia ($95.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Ethyl acetate were Japan ($130M), Germany ($112M), Italy ($111M), Indonesia ($95M), and Chinese Taipei ($59.8M).

Import Tariffs

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In 2018, the average tariff for importing Ethyl acetate was 5.64%.  The countries with the highest tariffs for importing Ethyl acetate were Bahamas (40.2%), Bermuda (25%), Finland (20%), Pakistan (19.9%), and Iran (15%).

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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.