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290511 (Harmonized System 1992 for 6-digit)

2023
World Trade $11.2BRnk 323 / 4644
2023
Top Exporter | Top Importer $1.75B | $3.17BTrinidad and Tobago | China
2023
Product Complexity -1.15Rnk 3960 / 4656
2022 - 2023
Export Growth (CAGR) -20.8%Rnk 3749 / 4644
2023
Share of World Trade 0.05%Rnk 323 / 4644

About

Overview This page contains the latest trade data of Methyl alcohol. In 2023, Methyl alcohol were the world's 323rd most traded product, with a total trade of $11.2B. Between 2022 and 2023 the exports of Methyl alcohol decreased by -20.8%, from $14.2B to $11.2B. Trade in Methyl alcohol represent 0.05% of total world trade.

Methyl alcohol are a part of Acyclic alcohol derivatives (halogenated, sulphonated, nitrated).

Exports In 2023 the top exporters of Methyl alcohol  were Trinidad and Tobago ($1.75B), Saudi Arabia ($1.68B), United States ($1.03B), Oman ($770M), and United Arab Emirates ($634M).

Imports In 2023 the top importers of Methyl alcohol were China ($3.17B), India ($936M), Netherlands ($795M), Brazil ($608M), and Germany ($528M).

Ranking Methyl alcohol ranks 3960th in the Product Complexity Index (PCI).

Description Methanol is an alcohol and is mainly used in the production of cellulose, acetone, and other solvents, as well as in the manufacture of formaldehyde, butanol, and other chemical products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Methyl alcohol. 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)Trinidad and Tobago$1.75B
Top Destination (2023)China$3.17B

In 2023 Methyl alcohol were the world's 323rd most traded product (out of 4,644).

In 2023, the top exporters of Methyl alcohol were Trinidad and Tobago ($1.75B), Saudi Arabia ($1.68B), United States ($1.03B), Oman ($770M), and United Arab Emirates ($634M).

In 2023, the top importers of Methyl alcohol were China ($3.17B), India ($936M), Netherlands ($795M), Brazil ($608M), and Germany ($528M).

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Exporters of Methyl alcohol (2023)
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Importers of Methyl alcohol (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Equatorial Guinea$201M
Top Destination Growth (2022 -  2023)Switzerland$23.7M

Between 2022 and 2023, the exports of Methyl alcohol grew the fastest in Equatorial Guinea ($201M), Belgium ($66.1M), Argentina ($51.2M), Egypt ($32M), and South Korea ($8.91M).

Between 2022 and 2023, the fastest growing importers of Methyl alcohol were Switzerland ($23.7M), Slovenia ($16.9M), Nigeria ($7.23M), Hungary ($5.58M), and Bangladesh ($4.78M).

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Exporters of Methyl alcohol (2022 - 2023)

Importers of Methyl alcohol (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Methyl alcohol.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Methyl alcohol are explained by 19 countries.

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Value of Exports in Methyl alcohol

Net Trade

TOP NET EXPORTER (2023)Trinidad and Tobago$1.75B
TOP NET IMPORTER (2023)China$3.13B

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

In 2023, the countries that had a largest trade value in exports than in imports of Methyl alcohol were Trinidad and Tobago ($1.75B), Saudi Arabia ($1.68B), Oman ($768M), United States ($613M), and Iran ($554M).

In 2023, the countries that had a largest trade value in imports than in exports of Methyl alcohol were China ($3.13B), India ($921M), Brazil ($607M), Japan ($456M), and Netherlands ($419M).

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 Methyl alcohol.
It is possible to select the main countries that export or import Methyl alcohol in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Methyl alcohol 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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