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Methanal (formaldehyde)

291211 (Harmonized System 1992 for 6-digit)

2022
World Trade $199MRnk 3728 / 4648
2022
Top Exporter | Top Importer $44M | $39.3MNetherlands | Germany
2022
Product Complexity 0.19Rnk 2220 / 4653
2021 - 2022
Export Growth (CAGR) -11.7%Rnk 4040 / 4648
2022
Share of World Trade 0.00084%Rnk 3728 / 4648

About

Overview This page contains the latest trade data of Methanal . In 2022, Methanal were the world's 3728th most traded product, with a total trade of $199M. Between 2021 and 2022 the exports of Methanal decreased by -11.7%, from $225M to $199M. Trade in Methanal represent 0.00084% of total world trade.

Methanal are a part of Aldehydes.

Exports In 2022 the top exporters of Methanal  were Netherlands ($44M), Belgium ($20.1M), Germany ($14.4M), Poland ($14.3M), and Italy ($13.4M).

Imports In 2022 the top importers of Methanal were Germany ($39.3M), Poland ($17.4M), Belgium ($12.8M), Slovenia ($11.6M), and Nigeria ($11M).

Ranking Methanal ranks 2220th in the Product Complexity Index (PCI).

Description Methanal (formaldehyde) is a chemical used for the production of plastics, resins, and solvents. It is used in nail polish, hair dye, and in the manufacturing of synthetic fibers. It is also used in the production of paper, which is why it is usually found in paper mills.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Methanal . 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)Netherlands$44M
Top Destination (2022)Germany$39.3M

In 2022 Methanal were the world's 3728th most traded product (out of 4,648).

In 2022, the top exporters of Methanal were Netherlands ($44M), Belgium ($20.1M), Germany ($14.4M), Poland ($14.3M), and Italy ($13.4M).

In 2022, the top importers of Methanal were Germany ($39.3M), Poland ($17.4M), Belgium ($12.8M), Slovenia ($11.6M), and Nigeria ($11M).

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Exporters of Methanal (2022)
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Importers of Methanal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Argentina$2.92M
Top Destination Growth (2021 -  2022)Bolivia$2.93M

Between 2021 and 2022, the exports of Methanal grew the fastest in Argentina ($2.92M), Belgium ($1.17M), Finland ($898k), Ireland ($830k), and Lithuania ($829k).

Between 2021 and 2022, the fastest growing importers of Methanal were Bolivia ($2.93M), Kazakhstan ($900k), United Kingdom ($791k), United States ($762k), and Latvia ($725k).

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Exporters of Methanal (2021 - 2022)

Importers of Methanal (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Methanal are explained by 19 countries.

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Value of Exports in Methanal

Net Trade

TOP NET EXPORTER (2022)Netherlands$34.3M
TOP NET IMPORTER (2022)Germany$24.9M

This map shows which countries export or import more of Methanal . Each country is colored based on the difference in exports and imports of Methanal during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Methanal were Netherlands ($34.3M), Italy ($10.4M), Slovakia ($8.37M), Belgium ($7.36M), and India ($5.53M).

In 2022, the countries that had a largest trade value in imports than in exports of Methanal were Germany ($24.9M), Slovenia ($11.3M), Nigeria ($11M), France ($9.41M), and Switzerland ($7.15M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Methanal 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 (2022)

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