HS Icon Industrial Fatty Acids, Oils and Alcohols

3823 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Industrial Fatty Acids, Oils and Alcohols. In 2019, Industrial Fatty Acids, Oils and Alcohols were the world's 54th most traded product, with a total trade of $57.4B. Between 2018 and 2019 the exports of Industrial Fatty Acids, Oils and Alcohols grew by 0.0049%, from $57.3B to $57.4B. Trade in Industrial Fatty Acids, Oils and Alcohols represent 0.32% of total world trade.

Exports In 2019 the top exporters of Industrial Fatty Acids, Oils and Alcohols  were Germany ($7.68B), United States ($6.22B), Netherlands ($5.61B), China ($5.15B), and Belgium ($4.01B).

Imports In 2019 the top importers of Industrial Fatty Acids, Oils and Alcohols were Netherlands ($5.29B), Germany ($4.52B), China ($3.8B), United States ($3.34B), and Belgium ($3.06B).

Tariffs In 2018 the average tariff for Industrial Fatty Acids, Oils and Alcohols was 5.25%, making it the 793rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Industrial Fatty Acids, Oils and Alcohols are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Romania (21.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Industrial Fatty Acids, Oils and Alcohols ranks 468th in the Product Complexity Index (PCI).

Description Industrial monocarboxylic fatty acids are used in the production of soap, in the manufacture of various types of plastics, and in the production of detergents. Acid oils from refining are used in the manufacture of synthetic detergents, and industrial fatty alcohols are used as solvents.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $7.68B

Top Destination (2019): Netherlands, $5.29B

Industrial Fatty Acids, Oils and Alcohols are the world's 54th most traded product.

In 2019, the top exporters of Industrial Fatty Acids, Oils and Alcohols were Germany ($7.68B), United States ($6.22B), Netherlands ($5.61B), China ($5.15B), and Belgium ($4.01B).

In 2019, the top importers of Industrial Fatty Acids, Oils and Alcohols were Netherlands ($5.29B), Germany ($4.52B), China ($3.8B), United States ($3.34B), and Belgium ($3.06B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Belgium, $675M

Top Destination Growth (2018 - 2019): Netherlands, $915M

Between 2018 and 2019, the exports of Industrial Fatty Acids, Oils and Alcohols grew the fastest in Belgium ($675M), United States ($239M), South Korea ($160M), Spain ($110M), and Bulgaria ($99.4M).

Between 2018 and 2019, the fastest growing importers of Industrial Fatty Acids, Oils and Alcohols were Netherlands ($915M), Belgium ($545M), United Kingdom ($327M), Norway ($110M), and Spain ($92.2M).

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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 Industrial Fatty Acids, Oils and Alcohols.

In 2019,  market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Industrial Fatty Acids, Oils and Alcohols are explained by 24 countries.

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TOP NET EXPORTER (2019): Germany, $3.16B

TOP NET IMPORTER (2019): Mexico, $1.34B

This map shows which countries export or import more of Industrial Fatty Acids, Oils and Alcohols. Each country is colored based on the difference in exports and imports of Industrial Fatty Acids, Oils and Alcohols during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Industrial Fatty Acids, Oils and Alcohols were Germany ($3.16B), United States ($2.89B), Japan ($2.48B), Ireland ($1.83B), and China ($1.35B).

In 2019, the countries that had a largest trade value in imports than in exports of Industrial Fatty Acids, Oils and Alcohols were Mexico ($1.34B), United Kingdom ($1.15B), South Korea ($853M), Canada ($648M), and Italy ($604M).

Disaggregation

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Value

In 2019, the world most traded Industrial Fatty Acids, Oils and Alcohols, disaggragated by their HS6 level were Chemical industry products, preparations, mixtures ne ($53.4B), Prepared additives for cements, mortars or... ($1.7B), Non-refractory mortars and concretes ($1.08B), Non-agglomerated metal carbides ($511M), and Prepared binders for foundry moulds or... ($399M)

Import Tariffs

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In 2018, the average tariff for importing Industrial Fatty Acids, Oils and Alcohols was 5.25%. The countries with the highest tariffs for importing Industrial Fatty Acids, Oils and Alcohols were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Romania (21.3%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Industrial Fatty Acids, Oils and Alcohols to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.