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Heterocyclic compounds with oxygen hetero-atom(s) only

2932 (Harmonized System 1992 for 4-digit)

2023
World Trade $10.6BRnk 350 / 1217
2023
Top Exporter | Top Importer $2.78B | $1.63BChina | United States
2023
Product Complexity 1.07Rnk 150 / 1044
2022 - 2023
Export Growth (CAGR) -10.4%Rnk 759 / 1217
2023
Share of World Trade 0.047%Rnk 350 / 1217

About

Overview This page contains the latest trade data of Oxygen Heterocyclic Compounds. In 2023, Oxygen Heterocyclic Compounds were the world's 350th most traded product, with a total trade of $10.6B. Between 2022 and 2023 the exports of Oxygen Heterocyclic Compounds decreased by -10.4%, from $11.8B to $10.6B. Trade in Oxygen Heterocyclic Compounds represent 0.047% of total world trade.

Oxygen Heterocyclic Compounds are a part of Organic chemicals. They include Lactones, other than coumarins, Heterocyclic compound,oxygen hetero-atom(s) only,nes, Heterocyclic compounds with unfused furan ring, nes, Tetrahydrofuran, Furfuryl alcohol and tetrahydrofurfuryl alcohol, Furfural, and Coumarin, methylcoumarins and ethylcoumarins.

Exports In 2023 the top exporters of Oxygen Heterocyclic Compounds  were China ($2.78B), Germany ($2.11B), Italy ($718M), Netherlands ($695M), and United States ($580M).

Imports In 2023 the top importers of Oxygen Heterocyclic Compounds were United States ($1.63B), Japan ($1.16B), Greece ($1.07B), Germany ($718M), and India ($497M).

Ranking Oxygen Heterocyclic Compounds ranks 150th in the Product Complexity Index (PCI).

Description Heterocyclic compounds with oxygen hetero-atom[s] are used in the production of drugs and pesticides.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Oxygen Heterocyclic Compounds. 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)China$2.78B
Top Destination (2023)United States$1.63B

In 2023 Oxygen Heterocyclic Compounds were the world's 350th most traded product (out of 1,217).

In 2023, the top exporters of Oxygen Heterocyclic Compounds were China ($2.78B), Germany ($2.11B), Italy ($718M), Netherlands ($695M), and United States ($580M).

In 2023, the top importers of Oxygen Heterocyclic Compounds were United States ($1.63B), Japan ($1.16B), Greece ($1.07B), Germany ($718M), and India ($497M).

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Exporters of Oxygen Heterocyclic Compounds (2023)
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Importers of Oxygen Heterocyclic Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$374M
Top Destination Growth (2022 -  2023)Japan$401M

Between 2022 and 2023, the exports of Oxygen Heterocyclic Compounds grew the fastest in Germany ($374M), Italy ($309M), Switzerland ($92.7M), Sweden ($62.9M), and Hungary ($25.8M).

Between 2022 and 2023, the fastest growing importers of Oxygen Heterocyclic Compounds were Japan ($401M), Greece ($221M), Russia ($53.8M), Hong Kong ($37M), and Ireland ($23.9M).

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Exporters of Oxygen Heterocyclic Compounds (2022 - 2023)

Importers of Oxygen Heterocyclic Compounds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oxygen Heterocyclic Compounds.

In 2023, market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Oxygen Heterocyclic Compounds are explained by 13 countries.

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Value of Exports in Oxygen Heterocyclic Compounds

Net Trade

TOP NET EXPORTER (2023)China$2.45B
TOP NET IMPORTER (2023)Greece$1.07B

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

In 2023, the countries that had a largest trade value in exports than in imports of Oxygen Heterocyclic Compounds were China ($2.45B), Germany ($1.39B), Italy ($471M), Netherlands ($369M), and Switzerland ($270M).

In 2023, the countries that had a largest trade value in imports than in exports of Oxygen Heterocyclic Compounds were Greece ($1.07B), United States ($1.05B), Japan ($800M), Brazil ($452M), and Russia ($251M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Oxygen Heterocyclic Compounds, disaggragated by their HS6 level were Heterocyclic compound,oxygen hetero-atom(s) only,nes ($4.41B), Heterocyclic compounds with unfused furan ring,... ($3.46B), Lactones, other than coumarins ($2.12B), Tetrahydrofuran ($327M), and Furfuryl alcohol and tetrahydrofurfuryl alcohol ($187M)

HS6 Disaggregation for Oxygen Heterocyclic Compounds (2023)
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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 Oxygen Heterocyclic Compounds.
It is possible to select the main countries that export or import Oxygen Heterocyclic Compounds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Oxygen Heterocyclic Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $33.5M
TOP IMPORT POTENTIALNetherlands+ $22.5M

Oxygen Heterocyclic Compounds’s highest export potential is United States. With an export gap of $33.5M.  Oxygen Heterocyclic Compounds’s highest import potential is Netherlands with an import gap of $22.5M.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Oxygen Heterocyclic Compounds.

Country by Relatedness

The following visualization shows the relatedness of Oxygen Heterocyclic Compounds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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