HS Icon Propene (propylene)

290122 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.18B, Rnk 389 / 4726

Top Exporter (2018): $1.77B, South Korea

Top Importer (2018): $3.22B, China

Product Complexity (2018): 0.17, Rnk 2297 / 4873

Export Growth (CAGR)(2017 - 2018): 19.9%, Rnk 1387 / 4726

Mean Tariff (2018): 2.77%, Rnk 5845 / 6538

Share of World Trade (2018): 0.045%, Rnk 389 / 4726

Overview:  This page contains the latest trade data of Propene (propylene). In 2018, Propene (propylene) were the world's 389th most traded product, with a total trade of $8.18B. Between 2017 and 2018 the exports of Propene (propylene) grew by 19.9%, from  $6.83B to $8.18B. Trade in Propene (propylene) represent 0.045% of total world trade.

Exports: In 2018 the top exporters of Propene (propylene)  were South Korea ($1.77B), Netherlands ($825M), Japan ($726M), United States ($722M), and Chinese Taipei ($598M).

Imports: In 2018 the top importers of Propene (propylene) were China ($3.22B), Germany ($977M), Belgium-Luxembourg ($714M), Netherlands ($399M), and France ($351M).

Tariffs: In 2018 the average tariff for Propene (propylene) was 2.77%, been the 5845 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Propene (propylene) are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Propene (propylene) ranks 2297th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): South Korea, $1.77B

Top Destination (2018): China, $3.22B

Propene (propylene) are the world's 389th most traded product.

In 2018, the top exporters of Propene (propylene) were South Korea ($1.77B), Netherlands ($825M), Japan ($726M), United States ($722M), and Chinese Taipei ($598M).

In 2018, the top importers of Propene (propylene) were China ($3.22B), Germany ($977M), Belgium-Luxembourg ($714M), Netherlands ($399M), and France ($351M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $344M

Top Destination Growth (2017 - 2018): China, $546M

Between 2017 and 2018, the exports of Propene (propylene) grew the fastest in Saudi Arabia ($344M), Netherlands ($332M), South Korea ($244M), United States ($167M), and Thailand ($67M).

Between 2017 and 2018, the fastest growing importers of Propene (propylene) were China ($546M), Germany ($247M), Colombia ($102M), France ($91.9M), and Belgium-Luxembourg ($80.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Propene (propylene).

In 2018,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Propene (propylene) are explained by 18 countries.

Explore Visualizations

TOP NET EXPORTER (2018): South Korea, $1.65B

TOP NET IMPORTER (2018): China, $3.21B

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

In 2018, the countries that had a largest trade value in exports than in imports of Propene (propylene) were South Korea ($1.65B), Japan ($527M), United States ($495M), Netherlands ($426M), and Saudi Arabia ($395M).

In 2018, the countries that had a largest trade value in imports than in exports of Propene (propylene) were China ($3.21B), Germany ($703M), Belgium-Luxembourg ($606M), France ($227M), and Slovakia ($169M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Propene (propylene). The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Propene (propylene) was 2.77%.  The countries with the highest tariffs for importing Propene (propylene) were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Nepal (9.89%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.