HS Icon Methacrylic acid esters

291614 (Harmonized System 1992 for 6-digit)

World Trade (2019): $2.81B, Rnk 1044 / 4648

Top Exporter (2019): $338M, Saudi Arabia

Top Importer (2019): $367M, China

Product Complexity (2019): 1.55, Rnk 189 / 4826

Export Growth (CAGR)(2018 - 2019): -23.1%, Rnk 4307 / 4648

Mean Tariff (2018): 3.63%, Rnk 5332 / 6538

Share of World Trade (2019): 0.016%, Rnk 1044 / 4648

Overview:  This page contains the latest trade data of Methacrylic acid esters. In 2019, Methacrylic acid esters were the world's 1044th most traded product, with a total trade of $2.81B. Between 2018 and 2019 the exports of Methacrylic acid esters decreased by -23.1%, from  $3.66B to $2.81B. Trade in Methacrylic acid esters represent 0.016% of total world trade.

Exports: In 2019 the top exporters of Methacrylic acid esters  were Saudi Arabia ($338M), United Kingdom ($317M), Japan ($316M), United States ($298M), and Germany ($240M).

Imports: In 2019 the top importers of Methacrylic acid esters were China ($367M), Netherlands ($257M), United States ($208M), Belgium ($201M), and Germany ($178M).

Tariffs: In 2018 the average tariff for Methacrylic acid esters was 3.63%, making it the 5332nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Methacrylic acid esters are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Romania (12.9%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Methacrylic acid esters ranks 189th in the Product Complexity Index (PCI).

Description: They are used in the production of lacquers, paints, and coatings.

Exporters and Importers

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Trade By Country

Top Origin (2019): Saudi Arabia, $338M

Top Destination (2019): China, $367M

Methacrylic acid esters are the world's 1044th most traded product.

In 2019, the top exporters of Methacrylic acid esters were Saudi Arabia ($338M), United Kingdom ($317M), Japan ($316M), United States ($298M), and Germany ($240M).

In 2019, the top importers of Methacrylic acid esters were China ($367M), Netherlands ($257M), United States ($208M), Belgium ($201M), and Germany ($178M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $13.3M

Top Destination Growth (2018 - 2019): Egypt, $4.56M

Between 2018 and 2019, the exports of Methacrylic acid esters grew the fastest in Mexico ($13.3M), Turkey ($6.34M), Indonesia ($5.54M), Vietnam ($5.45M), and Malaysia ($4.49M).

Between 2018 and 2019, the fastest growing importers of Methacrylic acid esters were Egypt ($4.56M), Hungary ($2.06M), Thailand ($1.48M), Denmark ($369k), and Lithuania ($367k).

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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 Methacrylic acid esters.

In 2019,  market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Methacrylic acid esters are explained by 14 countries.

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TOP NET EXPORTER (2019): Saudi Arabia, $337M

TOP NET IMPORTER (2019): China, $232M

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

In 2019, the countries that had a largest trade value in exports than in imports of Methacrylic acid esters were Saudi Arabia ($337M), United Kingdom ($287M), Japan ($273M), Thailand ($215M), and Singapore ($105M).

In 2019, the countries that had a largest trade value in imports than in exports of Methacrylic acid esters were China ($232M), Malaysia ($165M), Netherlands ($161M), France ($111M), and Indonesia ($101M).

Import Tariffs

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In 2018, the average tariff for importing Methacrylic acid esters was 3.63%.  The countries with the highest tariffs for importing Methacrylic acid esters were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Romania (12.9%), and Algeria (12.2%).

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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.