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Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols

3823 (Harmonized System 1992 for 4-digit)

2022
World Trade $99.9BRnk 33 / 1218
2022
Top Exporter | Top Importer $15.8B | $13.6BChina | Netherlands
2022
Product Complexity 0.34Rnk 449 / 1033
2021 - 2022
Export Growth (CAGR) 27.3%Rnk 110 / 1218
2022
Share of World Trade 0.42%Rnk 33 / 1218

About

Overview This page contains the latest trade data of Industrial Fatty Acids, Oils and Alcohols. In 2022, Industrial Fatty Acids, Oils and Alcohols were the world's 33rd most traded product, with a total trade of $99.9B. Between 2021 and 2022 the exports of Industrial Fatty Acids, Oils and Alcohols grew by 27.3%, from $78.5B to $99.9B. Trade in Industrial Fatty Acids, Oils and Alcohols represent 0.42% of total world trade.

Industrial Fatty Acids, Oils and Alcohols are a part of Chemical products n.e.s.. They include Chemical industry products, preparations, mixtures ne, Prepared additives for cements, mortars or concretes, Non-refractory mortars and concretes, Non-agglomerated metal carbides, Prepared binders for foundry moulds or cores, Sorbitol except D-glucitol, and Naphthenic acids, water-insoluble salts & esters.

Exports In 2022 the top exporters of Industrial Fatty Acids, Oils and Alcohols  were China ($15.8B), Germany ($11.9B), Netherlands ($11.7B), United States ($8.98B), and Belgium ($5.67B).

Imports In 2022 the top importers of Industrial Fatty Acids, Oils and Alcohols were Netherlands ($13.6B), Belgium ($6.95B), Germany ($6.92B), United States ($6.75B), and China ($5.29B).

Ranking Industrial Fatty Acids, Oils and Alcohols ranks 449th in the Product Complexity Index (PCI).

Description Industrial monocarboxylic fatty acids are used in the production of soap, in the manufacture of various types of plastics, and in the production of detergents. Acid oils from refining are used in the manufacture of synthetic detergents, and industrial fatty alcohols are used as solvents.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial Fatty Acids, Oils and Alcohols. 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 (2022)China$15.8B
Top Destination (2022)Netherlands$13.6B

In 2022 Industrial Fatty Acids, Oils and Alcohols were the world's 33rd most traded product (out of 1,218).

In 2022, the top exporters of Industrial Fatty Acids, Oils and Alcohols were China ($15.8B), Germany ($11.9B), Netherlands ($11.7B), United States ($8.98B), and Belgium ($5.67B).

In 2022, the top importers of Industrial Fatty Acids, Oils and Alcohols were Netherlands ($13.6B), Belgium ($6.95B), Germany ($6.92B), United States ($6.75B), and China ($5.29B).

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Exporters of Industrial Fatty Acids, Oils and Alcohols (2022)
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Importers of Industrial Fatty Acids, Oils and Alcohols (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$7.54B
Top Destination Growth (2021 -  2022)Netherlands$3.46B

Between 2021 and 2022, the exports of Industrial Fatty Acids, Oils and Alcohols grew the fastest in China ($7.54B), Netherlands ($2.17B), Germany ($1.66B), United States ($1.58B), and Belgium ($1.35B).

Between 2021 and 2022, the fastest growing importers of Industrial Fatty Acids, Oils and Alcohols were Netherlands ($3.46B), United States ($1.7B), Belgium ($1.61B), France ($1.43B), and Germany ($1.27B).

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Exporters of Industrial Fatty Acids, Oils and Alcohols (2021 - 2022)

Importers of Industrial Fatty Acids, Oils and Alcohols (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial Fatty Acids, Oils and Alcohols.

In 2022, market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Industrial Fatty Acids, Oils and Alcohols are explained by 21 countries.

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Value of Exports in Industrial Fatty Acids, Oils and Alcohols

Net Trade

TOP NET EXPORTER (2022)China$10.5B
TOP NET IMPORTER (2022)Mexico$2.21B

This map shows which countries export or import more of Industrial Fatty Acids, Oils and Alcohols. Each country is colored based on the difference in exports and imports of Industrial Fatty Acids, Oils and Alcohols during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial Fatty Acids, Oils and Alcohols were China ($10.5B), Germany ($5.02B), Japan ($3.31B), United States ($2.24B), and Ireland ($2.04B).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial Fatty Acids, Oils and Alcohols were Mexico ($2.21B), Netherlands ($1.92B), France ($1.79B), United Kingdom ($1.66B), and India ($1.38B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Industrial Fatty Acids, Oils and Alcohols, disaggragated by their HS6 level were Chemical industry products, preparations, mixtures ne ($94.9B), Prepared additives for cements, mortars or... ($2.09B), Non-refractory mortars and concretes ($1.29B), Non-agglomerated metal carbides ($699M), and Prepared binders for foundry moulds or... ($535M)

HS6 Disaggregation for Industrial Fatty Acids, Oils and Alcohols (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Industrial Fatty Acids, Oils and Alcohols by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $76.5M
TOP IMPORT POTENTIALMalaysia+ $21.1M

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is India. With an export gap of $76.5M.  Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Malaysia with an import gap of $21.1M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Industrial Fatty Acids, Oils and Alcohols.

Country by Relatedness

The following visualization shows the relatedness of Industrial Fatty Acids, Oils and Alcohols to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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