HS Icon Saturated Acyclic Monocarboxylic Acids

2915 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Saturated Acyclic Monocarboxylic Acids. In 2019, Saturated Acyclic Monocarboxylic Acids were the world's 244th most traded product, with a total trade of $14.4B. Between 2018 and 2019 the exports of Saturated Acyclic Monocarboxylic Acids decreased by -13.4%, from $16.6B to $14.4B. Trade in Saturated Acyclic Monocarboxylic Acids represent 0.079% of total world trade.

Exports In 2019 the top exporters of Saturated Acyclic Monocarboxylic Acids  were China ($2.11B), United States ($1.95B), Belgium ($1.45B), Germany ($1.17B), and Singapore ($841M).

Imports In 2019 the top importers of Saturated Acyclic Monocarboxylic Acids were Belgium ($1.57B), Germany ($1.28B), India ($1.04B), China ($876M), and Netherlands ($828M).

Tariffs In 2018 the average tariff for Saturated Acyclic Monocarboxylic Acids was 4.78%, making it the 859th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Saturated Acyclic Monocarboxylic Acids are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.2%), and Romania (13%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Saturated Acyclic Monocarboxylic Acids ranks 128th in the Product Complexity Index (PCI).

Description Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids are used in the manufacture of detergents, disinfectants, herbicides, antiseptics, drugs, dyes, explosives, and perfumes.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $2.11B

Top Destination (2019): Belgium, $1.57B

Saturated Acyclic Monocarboxylic Acids are the world's 244th most traded product.

In 2019, the top exporters of Saturated Acyclic Monocarboxylic Acids were China ($2.11B), United States ($1.95B), Belgium ($1.45B), Germany ($1.17B), and Singapore ($841M).

In 2019, the top importers of Saturated Acyclic Monocarboxylic Acids were Belgium ($1.57B), Germany ($1.28B), India ($1.04B), China ($876M), and Netherlands ($828M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $42.1M

Top Destination Growth (2018 - 2019): Norway, $13.6M

Between 2018 and 2019, the exports of Saturated Acyclic Monocarboxylic Acids grew the fastest in Canada ($42.1M), Egypt ($20.2M), Brazil ($10.5M), India ($8.04M), and Turkey ($7.01M).

Between 2018 and 2019, the fastest growing importers of Saturated Acyclic Monocarboxylic Acids were Norway ($13.6M), Sudan ($7.63M), Nigeria ($5.75M), Ireland ($3.96M), and Bulgaria ($3.44M).

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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 Saturated Acyclic Monocarboxylic Acids.

In 2019,  market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Saturated Acyclic Monocarboxylic Acids are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $1.23B

TOP NET IMPORTER (2019): India, $409M

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

In 2019, the countries that had a largest trade value in exports than in imports of Saturated Acyclic Monocarboxylic Acids were China ($1.23B), United States ($1.15B), Malaysia ($591M), Singapore ($513M), and Saudi Arabia ($410M).

In 2019, the countries that had a largest trade value in imports than in exports of Saturated Acyclic Monocarboxylic Acids were India ($409M), Italy ($347M), Spain ($259M), Thailand ($252M), and Turkey ($235M).

Disaggregation

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Value

In 2019, the world most traded Saturated Acyclic Monocarboxylic Acids, disaggragated by their HS6 level were Saturated acyclic monocarboxylic acids, derivs, nes ($2.99B), Vinyl acetate ($2.12B), Acetic acid ($2.04B), Acetic acid esters nes ($1.52B), and Ethyl acetate ($1.31B)

Import Tariffs

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In 2018, the average tariff for importing Saturated Acyclic Monocarboxylic Acids was 4.78%. The countries with the highest tariffs for importing Saturated Acyclic Monocarboxylic Acids were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Iran (13.2%), and Romania (13%).

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