HS Icon Propionic acid, its salts & esters

 2019
World Trade
: $521M, Rnk 2707 / 4648

2019
Top Exporter | Top Importer
: $148M | $62M, United States | Netherlands

2019
Product Complexity
: 0.93, Rnk 879 / 4826

2018 - 2019
Export Growth (CAGR)
: -2.7%, Rnk 2146 / 4648

2018
Mean Tariff
: 3.08%, Rnk 5665 / 6538

 2019
Share of World Trade
: 0.0029%, Rnk 2707 / 4648

Overview:  This page contains the latest trade data of Propionic acid, its salts & esters. In 2019, Propionic acid, its salts & esters were the world's 2707th most traded product, with a total trade of $521M. Between 2018 and 2019 the exports of Propionic acid, its salts & esters decreased by -2.7%, from  $535M to $521M. Trade in Propionic acid, its salts & esters represent 0.0029% of total world trade.

Exports: In 2019 the top exporters of Propionic acid, its salts & esters  were United States ($148M), Netherlands ($57.7M), Germany ($54.9M), Belgium ($49.1M), and China ($38.7M).

Imports: In 2019 the top importers of Propionic acid, its salts & esters were Netherlands ($62M), Belgium ($46.4M), Mexico ($34.8M), China ($31M), and United States ($24.1M).

Tariffs: In 2018 the average tariff for Propionic acid, its salts & esters was 3.08%, making it the 5665th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Propionic acid, its salts & esters 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: Propionic acid, its salts & esters ranks 879th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $148M

Top Destination (2019): Netherlands, $62M

Propionic acid, its salts & esters are the world's 2707th most traded product.

In 2019, the top exporters of Propionic acid, its salts & esters were United States ($148M), Netherlands ($57.7M), Germany ($54.9M), Belgium ($49.1M), and China ($38.7M).

In 2019, the top importers of Propionic acid, its salts & esters were Netherlands ($62M), Belgium ($46.4M), Mexico ($34.8M), China ($31M), and United States ($24.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $15.6M

Top Destination Growth (2018 - 2019): United Kingdom, $1.33M

Between 2018 and 2019, the exports of Propionic acid, its salts & esters grew the fastest in India ($15.6M), China ($2.73M), Italy ($1.51M), Switzerland ($1.14M), and Israel ($996k).

Between 2018 and 2019, the fastest growing importers of Propionic acid, its salts & esters were United Kingdom ($1.33M), South Africa ($1.32M), Singapore ($1.22M), China ($1.12M), and Mexico ($1.11M).

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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 Propionic acid, its salts & esters.

In 2019,  market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Propionic acid, its salts & esters are explained by 11 countries.

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TOP NET EXPORTER (2019): United States, $124M

TOP NET IMPORTER (2019): Mexico, $27.7M

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

In 2019, the countries that had a largest trade value in exports than in imports of Propionic acid, its salts & esters were United States ($124M), Sweden ($34.2M), Germany ($31.3M), India ($13.7M), and China ($7.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Propionic acid, its salts & esters were Mexico ($27.7M), Brazil ($21.5M), Spain ($13.2M), Thailand ($11.5M), and Italy ($11.1M).

Import Tariffs

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In 2018, the average tariff for importing Propionic acid, its salts & esters was 3.08%.  The countries with the highest tariffs for importing Propionic acid, its salts & esters 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.