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291570 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.4BRnk 1838 / 4648
2022
Top Exporter | Top Importer $334M | $191MMalaysia | United States
2022
Product Complexity -0.064Rnk 2612 / 4653
2021 - 2022
Export Growth (CAGR) 12.9%Rnk 1330 / 4648
2022
Share of World Trade 0.0059%Rnk 1838 / 4648

About

Overview This page contains the latest trade data of Palmitic acid, stearic acid, their salts & esters. In 2022, Palmitic acid, stearic acid, their salts & esters were the world's 1838th most traded product, with a total trade of $1.4B. Between 2021 and 2022 the exports of Palmitic acid, stearic acid, their salts & esters grew by 12.9%, from $1.24B to $1.4B. Trade in Palmitic acid, stearic acid, their salts & esters represent 0.0059% of total world trade.

Palmitic acid, stearic acid, their salts & esters are a part of Saturated Acyclic Monocarboxylic Acids.

Exports In 2022 the top exporters of Palmitic acid, stearic acid, their salts & esters  were Malaysia ($334M), Indonesia ($247M), India ($141M), Italy ($96.7M), and Singapore ($89.3M).

Imports In 2022 the top importers of Palmitic acid, stearic acid, their salts & esters were United States ($191M), China ($103M), Germany ($84.3M), Netherlands ($76.4M), and Japan ($67.6M).

Ranking Palmitic acid, stearic acid, their salts & esters ranks 2612th in the Product Complexity Index (PCI).

Description The primary uses of palmitic acid and stearic acid are in the production of soaps, detergents, cosmetics, and lubricants. Palmitic acid and stearic acid are also used in the production of ethanol, food, feed, and pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Palmitic acid, stearic acid, their salts & esters. 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)Malaysia$334M
Top Destination (2022)United States$191M

In 2022 Palmitic acid, stearic acid, their salts & esters were the world's 1838th most traded product (out of 4,648).

In 2022, the top exporters of Palmitic acid, stearic acid, their salts & esters were Malaysia ($334M), Indonesia ($247M), India ($141M), Italy ($96.7M), and Singapore ($89.3M).

In 2022, the top importers of Palmitic acid, stearic acid, their salts & esters were United States ($191M), China ($103M), Germany ($84.3M), Netherlands ($76.4M), and Japan ($67.6M).

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Exporters of Palmitic acid, stearic acid, their salts & esters (2022)
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Importers of Palmitic acid, stearic acid, their salts & esters (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Malaysia$60M
Top Destination Growth (2021 -  2022)United States$32.3M

Between 2021 and 2022, the exports of Palmitic acid, stearic acid, their salts & esters grew the fastest in Malaysia ($60M), Indonesia ($19.5M), China ($18.6M), Netherlands ($15M), and India ($9.72M).

Between 2021 and 2022, the fastest growing importers of Palmitic acid, stearic acid, their salts & esters were United States ($32.3M), China ($16.2M), Germany ($14.7M), Canada ($13.4M), and Japan ($11.7M).

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Exporters of Palmitic acid, stearic acid, their salts & esters (2021 - 2022)

Importers of Palmitic acid, stearic acid, their salts & esters (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Palmitic acid, stearic acid, their salts & esters.

In 2022, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Palmitic acid, stearic acid, their salts & esters are explained by 13 countries.

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Value of Exports in Palmitic acid, stearic acid, their salts & esters

Net Trade

TOP NET EXPORTER (2022)Malaysia$308M
TOP NET IMPORTER (2022)United States$118M

This map shows which countries export or import more of Palmitic acid, stearic acid, their salts & esters. Each country is colored based on the difference in exports and imports of Palmitic acid, stearic acid, their salts & esters during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Palmitic acid, stearic acid, their salts & esters were Malaysia ($308M), Indonesia ($224M), India ($97.4M), Singapore ($78.5M), and Italy ($67.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Palmitic acid, stearic acid, their salts & esters were United States ($118M), China ($57.5M), Japan ($52.3M), Canada ($43.9M), and Netherlands ($30.4M).

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 Palmitic acid, stearic acid, their salts & esters.
It is possible to select the main countries that export or import Palmitic acid, stearic acid, their salts & esters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Palmitic acid, stearic acid, their salts & esters 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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