HS Icon Polycarboxylic Acids

2917 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Polycarboxylic Acids. In 2019, Polycarboxylic Acids were the world's 234th most traded product, with a total trade of $14.8B. Between 2018 and 2019 the exports of Polycarboxylic Acids decreased by -6.26%, from $15.8B to $14.8B. Trade in Polycarboxylic Acids represent 0.082% of total world trade.

Exports In 2019 the top exporters of Polycarboxylic Acids  were South Korea ($2.58B), China ($2.21B), Chinese Taipei ($1.47B), Belgium ($962M), and Germany ($931M).

Imports In 2019 the top importers of Polycarboxylic Acids were United States ($1.45B), China ($1.42B), India ($1.12B), Germany ($1.04B), and Turkey ($881M).

Tariffs In 2018 the average tariff for Polycarboxylic Acids was 4.9%, making it the 836th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Polycarboxylic Acids are Bahamas (40.2%), Bermuda (25%), Bangladesh (15.7%), Maldives (14.7%), and Algeria (11.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Polycarboxylic Acids ranks 252nd in the Product Complexity Index (PCI).

Description Polycarboxylic acids are used in the production of polyurethane foams, polyesters, alkyd resins, phenolic resins, polystyrene and other plastics. They are also used as solvents, in the manufacture of dyes, in textile printing, as fire extinguishing agents, in the manufacture of explosives, and in the manufacture of pharmaceuticals. Polycarboxylic anhydrides are used in the production of polyurethane foams, polyesters, alkyd resins, phenolic resins, polystyrene and other plastics. They are also used as solvents, in the manufacture of dyes, in textile printing, as fire extinguishing agents, in the manufacture of explosives, and in the manufacture of pharmaceuticals. Polycarboxylic halides are used in the production of polyurethane foams, polyesters, alkyd resins, phenolic resins, polystyrene and other plastics. They are also used as solvents, in the manufacture of dyes, in textile printing, as fire extinguishing agents, in the manufacture of explosives, and in the manufacture of pharmaceuticals.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): South Korea, $2.58B

Top Destination (2019): United States, $1.45B

Polycarboxylic Acids are the world's 234th most traded product.

In 2019, the top exporters of Polycarboxylic Acids were South Korea ($2.58B), China ($2.21B), Chinese Taipei ($1.47B), Belgium ($962M), and Germany ($931M).

In 2019, the top importers of Polycarboxylic Acids were United States ($1.45B), China ($1.42B), India ($1.12B), Germany ($1.04B), and Turkey ($881M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Portugal, $212M

Top Destination Growth (2018 - 2019): Egypt, $161M

Between 2018 and 2019, the exports of Polycarboxylic Acids grew the fastest in Portugal ($212M), Mexico ($96.4M), Poland ($46.4M), India ($42.5M), and Chinese Taipei ($40.5M).

Between 2018 and 2019, the fastest growing importers of Polycarboxylic Acids were Egypt ($161M), Turkey ($102M), Vietnam ($101M), United States ($71.3M), and Russia ($36.7M).

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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 Polycarboxylic Acids.

In 2019,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Polycarboxylic Acids are explained by 17 countries.

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TOP NET EXPORTER (2019): South Korea, $2.35B

TOP NET IMPORTER (2019): Turkey, $815M

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

In 2019, the countries that had a largest trade value in exports than in imports of Polycarboxylic Acids were South Korea ($2.35B), Chinese Taipei ($1.29B), China ($791M), Thailand ($683M), and Belgium ($646M).

In 2019, the countries that had a largest trade value in imports than in exports of Polycarboxylic Acids were Turkey ($815M), India ($754M), United States ($726M), Vietnam ($575M), and Oman ($402M).

Disaggregation

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Value

In 2019, the world most traded Polycarboxylic Acids, disaggragated by their HS6 level were Terephthalic acid, its salts ($6.33B), Aromatic polycarboxylic acids, derivatives, nes ($2.28B), Adipic acid, its salts & esters ($1.21B), Dinonyl or didecyl orthophthalates ($975M), and Phthalic anhydride ($807M)

Import Tariffs

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In 2018, the average tariff for importing Polycarboxylic Acids was 4.9%. The countries with the highest tariffs for importing Polycarboxylic Acids were Bahamas (40.2%), Bermuda (25%), Bangladesh (15.7%), Maldives (14.7%), and Algeria (11.8%).

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 Polycarboxylic Acids to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.