HS Icon Saturated acyclic hydrocarbons

290110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.77B, Rnk 667 / 4726

Top Exporter (2018): $1.93B, United States

Top Importer (2018): $688M, United States

Export Growth (CAGR)(2017 - 2018): 49.7%, Rnk 341 / 4726

Mean Tariff (2018): 3.95%, Rnk 5027 / 6538

Share of World Trade (2018): 0.026%, Rnk 667 / 4726

Overview:  This page contains the latest trade data of Saturated acyclic hydrocarbons. In 2018, Saturated acyclic hydrocarbons were the world's 667th most traded product, with a total trade of $4.77B. Between 2017 and 2018 the exports of Saturated acyclic hydrocarbons grew by 49.7%, from  $3.18B to $4.77B. Trade in Saturated acyclic hydrocarbons represent 0.026% of total world trade.

Exports: In 2018 the top exporters of Saturated acyclic hydrocarbons  were United States ($1.93B), Russia ($1.11B), Canada ($638M), Norway ($165M), and South Korea ($116M).

Imports: In 2018 the top importers of Saturated acyclic hydrocarbons were United States ($688M), India ($548M), Netherlands ($413M), United Kingdom ($340M), and Sweden ($269M).

Tariffs: In 2018 the average tariff for Saturated acyclic hydrocarbons was 3.95%, been the 5027 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Saturated acyclic hydrocarbons are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Algeria (12.2%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.93B

Top Destination (2018): United States, $688M

Saturated acyclic hydrocarbons are the world's 667th most traded product.

In 2018, the top exporters of Saturated acyclic hydrocarbons were United States ($1.93B), Russia ($1.11B), Canada ($638M), Norway ($165M), and South Korea ($116M).

In 2018, the top importers of Saturated acyclic hydrocarbons were United States ($688M), India ($548M), Netherlands ($413M), United Kingdom ($340M), and Sweden ($269M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $750M

Top Destination Growth (2017 - 2018): United States, $355M

Between 2017 and 2018, the exports of Saturated acyclic hydrocarbons grew the fastest in United States ($750M), Russia ($401M), Canada ($330M), Belarus ($55.8M), and Poland ($42.9M).

Between 2017 and 2018, the fastest growing importers of Saturated acyclic hydrocarbons were United States ($355M), Netherlands ($234M), India ($138M), United Kingdom ($127M), and Brazil ($83.7M).

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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 Saturated acyclic hydrocarbons.

In 2018,  market concentration measured using Shannon Entropy, was 2.91. This means that most of the exports of Saturated acyclic hydrocarbons are explained by 7 countries.

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TOP NET EXPORTER (2018): United States, $1.24B

TOP NET IMPORTER (2018): India, $540M

This map shows which countries export or import more of Saturated acyclic hydrocarbons. Each country is colored based on the difference in exports and imports of Saturated acyclic hydrocarbons during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Saturated acyclic hydrocarbons were United States ($1.24B), Russia ($1.09B), Canada ($379M), Belarus ($42.3M), and South Africa ($38.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Saturated acyclic hydrocarbons were India ($540M), Netherlands ($377M), United Kingdom ($326M), Sweden ($268M), and Finland ($252M).

Trade Forecasts

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This section shows forecasts for total trade for Saturated acyclic hydrocarbons. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Saturated acyclic hydrocarbons was 3.95%.  The countries with the highest tariffs for importing Saturated acyclic hydrocarbons were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Algeria (12.2%), and Nepal (9.89%).

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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.