HS Icon Ketones and Quinones

2914 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.4B, Rnk 440 / 1217

2019
Top Exporter | Top Importer
: $1.43B | $779M, China | United States

2019
Product Complexity
: 1.22, Rnk 92 / 961

2018 - 2019
Export Growth (CAGR)
: -14.8%, Rnk 1071 / 1217

2018
Mean Tariff
: 3.32%, Rnk 1105 / 1259

 2019
Share of World Trade
: 0.035%, Rnk 440 / 1217

Overview:  This page contains the latest trade data of Ketones and Quinones. In 2019, Ketones and Quinones were the world's 440th most traded product, with a total trade of $6.4B. Between 2018 and 2019 the exports of Ketones and Quinones decreased by -14.8%, from  $7.51B to $6.4B. Trade in Ketones and Quinones represent 0.035% of total world trade.

Exports: In 2019 the top exporters of Ketones and Quinones  were China ($1.43B), India ($527M), Germany ($508M), Belgium ($479M), and Spain ($392M).

Imports: In 2019 the top importers of Ketones and Quinones were United States ($779M), Germany ($618M), China ($525M), Belgium ($504M), and India ($429M).

Tariffs: In 2018 the average tariff for Ketones and Quinones was 3.32%, making it the 1105th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ketones and Quinones are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ketones and Quinones ranks 92nd in the Product Complexity Index (PCI).

Description: Ketones and quinones are both organic compounds that contain a carbonyl group. Ketones have a carbonyl group as part of a hydrocarbon chain, while quinones have the carbonyl group attached to a benzene ring. Ketones are used in the production of plastics, rubber, pharmaceuticals, and solvents. Quinones are used in the production of herbicides, pesticides, and fungicides. Halogenated, sulphonated, nitrated or nitrosated derivatives of ketones and quinones are used as solvents.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.43B

Top Destination (2019): United States, $779M

Ketones and Quinones are the world's 440th most traded product.

In 2019, the top exporters of Ketones and Quinones were China ($1.43B), India ($527M), Germany ($508M), Belgium ($479M), and Spain ($392M).

In 2019, the top importers of Ketones and Quinones were United States ($779M), Germany ($618M), China ($525M), Belgium ($504M), and India ($429M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $81.3M

Top Destination Growth (2018 - 2019): Chinese Taipei, $28.9M

Between 2018 and 2019, the exports of Ketones and Quinones grew the fastest in India ($81.3M), Myanmar ($11.8M), Austria ($6.7M), Mexico ($5.93M), and Sweden ($4.36M).

Between 2018 and 2019, the fastest growing importers of Ketones and Quinones were Chinese Taipei ($28.9M), Italy ($13.6M), Cyprus ($4.79M), Saudi Arabia ($2.29M), and Israel ($2.22M).

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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 Ketones and Quinones.

In 2019,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Ketones and Quinones are explained by 17 countries.

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TOP NET EXPORTER (2019): China, $900M

TOP NET IMPORTER (2019): United States, $396M

This map shows which countries export or import more of Ketones and Quinones. Each country is colored based on the difference in exports and imports of Ketones and Quinones during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Ketones and Quinones were China ($900M), Spain ($198M), South Africa ($146M), Chinese Taipei ($131M), and Finland ($112M).

In 2019, the countries that had a largest trade value in imports than in exports of Ketones and Quinones were United States ($396M), United Kingdom ($126M), Switzerland ($113M), Germany ($110M), and Indonesia ($102M).

Disaggregation

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Value

In 2019, the world most traded Ketones and Quinones, disaggragated by their HS6 level were Acetone ($1.44B), Cyclanic/cyclenic/cycloterp ketones,no oxygen functio ($1.06B), Butanone (methyl ethyl ketone) ($700M), Derivatives of ketones and quinones ($654M), and Ketone-phenols and ketones with other oxygen... ($474M)

Import Tariffs

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In 2018, the average tariff for importing Ketones and Quinones was 3.32%.  The countries with the highest tariffs for importing Ketones and Quinones were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Ethiopia (9.9%).

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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.