HS Icon Propyl alcohol and isopropyl alcohol

290512 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $1.38B, Rnk 1650 / 4648

2019
Top Exporter | Top Importer
: $327M | $123M, United States | India

2019
Product Complexity
: 0.94, Rnk 872 / 4826

2018 - 2019
Export Growth (CAGR)
: -12.8%, Rnk 3724 / 4648

2018
Mean Tariff
: 3.2%, Rnk 5594 / 6538

 2019
Share of World Trade
: 0.0076%, Rnk 1650 / 4648

Overview:  This page contains the latest trade data of Propyl alcohol and isopropyl alcohol. In 2019, Propyl alcohol and isopropyl alcohol were the world's 1650th most traded product, with a total trade of $1.38B. Between 2018 and 2019 the exports of Propyl alcohol and isopropyl alcohol decreased by -12.8%, from  $1.58B to $1.38B. Trade in Propyl alcohol and isopropyl alcohol represent 0.0076% of total world trade.

Exports: In 2019 the top exporters of Propyl alcohol and isopropyl alcohol  were United States ($327M), China ($136M), Germany ($118M), South Korea ($112M), and Netherlands ($98M).

Imports: In 2019 the top importers of Propyl alcohol and isopropyl alcohol were India ($123M), Belgium ($123M), United States ($112M), China ($107M), and Germany ($74.7M).

Tariffs: In 2018 the average tariff for Propyl alcohol and isopropyl alcohol was 3.2%, making it the 5594th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Propyl alcohol and isopropyl alcohol are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Azerbaijan (14.4%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Propyl alcohol and isopropyl alcohol ranks 872nd in the Product Complexity Index (PCI).

Description: The difference between propyl alcohol and isopropyl alcohol is that propyl alcohol is less toxic and more soluble, and isopropyl alcohol is more toxic and less soluble. Propyl alcohol is often used as a solvent for oils and grease, while isopropyl alcohol is used for cleaning and sterilizing.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $327M

Top Destination (2019): India, $123M

Propyl alcohol and isopropyl alcohol are the world's 1650th most traded product.

In 2019, the top exporters of Propyl alcohol and isopropyl alcohol were United States ($327M), China ($136M), Germany ($118M), South Korea ($112M), and Netherlands ($98M).

In 2019, the top importers of Propyl alcohol and isopropyl alcohol were India ($123M), Belgium ($123M), United States ($112M), China ($107M), and Germany ($74.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $33.9M

Top Destination Growth (2018 - 2019): Chinese Taipei, $4.06M

Between 2018 and 2019, the exports of Propyl alcohol and isopropyl alcohol grew the fastest in China ($33.9M), South Korea ($13.8M), United Kingdom ($11.5M), South Africa ($5.39M), and Brazil ($1.33M).

Between 2018 and 2019, the fastest growing importers of Propyl alcohol and isopropyl alcohol were Chinese Taipei ($4.06M), Nigeria ($3.96M), Israel ($3.02M), India ($2.88M), and Russia ($2.29M).

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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 Propyl alcohol and isopropyl alcohol.

In 2019,  market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Propyl alcohol and isopropyl alcohol are explained by 13 countries.

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TOP NET EXPORTER (2019): United States, $215M

TOP NET IMPORTER (2019): India, $114M

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

In 2019, the countries that had a largest trade value in exports than in imports of Propyl alcohol and isopropyl alcohol were United States ($215M), South Africa ($90.5M), South Korea ($88.6M), Netherlands ($81.4M), and Japan ($64.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Propyl alcohol and isopropyl alcohol were India ($114M), Mexico ($58.6M), Spain ($35.9M), Italy ($34.8M), and Belgium ($33.2M).

Import Tariffs

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In 2018, the average tariff for importing Propyl alcohol and isopropyl alcohol was 3.2%.  The countries with the highest tariffs for importing Propyl alcohol and isopropyl alcohol were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Azerbaijan (14.4%), 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.