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291411 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.34BRnk 1796 / 4644
2023
Top Exporter | Top Importer $192M | $297MGermany | China
2023
Product Complexity 1.21Rnk 454 / 4656
2022 - 2023
Export Growth (CAGR) -20.3%Rnk 3705 / 4644
2023
Share of World Trade 0.0059%Rnk 1796 / 4644

About

Overview This page contains the latest trade data of Acetone. In 2023, Acetone were the world's 1796th most traded product, with a total trade of $1.34B. Between 2022 and 2023 the exports of Acetone decreased by -20.3%, from $1.68B to $1.34B. Trade in Acetone represent 0.0059% of total world trade.

Acetone are a part of Ketones and Quinones.

Exports In 2023 the top exporters of Acetone  were Germany ($192M), Saudi Arabia ($167M), Chinese Taipei ($121M), Thailand ($120M), and Singapore ($107M).

Imports In 2023 the top importers of Acetone were China ($297M), Netherlands ($147M), India ($92.9M), Belgium ($90.3M), and Germany ($90.2M).

Ranking Acetone ranks 454th in the Product Complexity Index (PCI).

Description Acetone is used as a cleaning agent in many industries. It is also commonly used in the production of paint, lacquer, rubber, and varnish.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Acetone. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$192M
Top Destination (2023)China$297M

In 2023 Acetone were the world's 1796th most traded product (out of 4,644).

In 2023, the top exporters of Acetone were Germany ($192M), Saudi Arabia ($167M), Chinese Taipei ($121M), Thailand ($120M), and Singapore ($107M).

In 2023, the top importers of Acetone were China ($297M), Netherlands ($147M), India ($92.9M), Belgium ($90.3M), and Germany ($90.2M).

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Exporters of Acetone (2023)
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Importers of Acetone (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$78.1M
Top Destination Growth (2022 -  2023)Turkey$12.8M

Between 2022 and 2023, the exports of Acetone grew the fastest in Germany ($78.1M), China ($22.6M), Austria ($6.46M), United Kingdom ($2M), and Hong Kong ($726k).

Between 2022 and 2023, the fastest growing importers of Acetone were Turkey ($12.8M), Netherlands ($10.8M), India ($5.46M), Italy ($3.92M), and United Arab Emirates ($2.5M).

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Exporters of Acetone (2022 - 2023)

Importers of Acetone (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Acetone.

In 2023, market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Acetone are explained by 15 countries.

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Value of Exports in Acetone

Net Trade

TOP NET EXPORTER (2023)Saudi Arabia$166M
TOP NET IMPORTER (2023)China$270M

This map shows which countries export or import more of Acetone. Each country is colored based on the difference in exports and imports of Acetone during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Acetone were Saudi Arabia ($166M), Chinese Taipei ($117M), Singapore ($103M), Germany ($102M), and Thailand ($94.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Acetone were China ($270M), India ($82.8M), Netherlands ($80.2M), Mexico ($62.4M), and Switzerland ($55.8M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Acetone.
It is possible to select the main countries that export or import Acetone in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Acetone by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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