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291634 (Harmonized System 1996 for 6-digit)

2023
World Trade $7.06MRnk 4641 / 4766
2023
Top Exporter | Top Importer $2.39M | $2.22MChina | United States
2023
Product Complexity 0.096Rnk 2460 / 4780
2022 - 2023
Export Growth (CAGR) -33.1%Rnk 4455 / 4766
2023
Share of World Trade <0.01%Rnk 4641 / 4766

About

Overview This page contains the latest trade data of Phenylacetic Acid & Its Salts. In 2023, Phenylacetic Acid & Its Salts were the world's 4641st most traded product, with a total trade of $7.06M. Between 2022 and 2023 the exports of Phenylacetic Acid & Its Salts decreased by -33.1%, from $10.5M to $7.06M. Trade in Phenylacetic Acid & Its Salts represent 0.000031% of total world trade.

Phenylacetic Acid & Its Salts are a part of Acids; unsaturated acyclic monocarboxylic, cyclic monocarboxylic, their anhydrides, halides, peroxides and peroxyacids;....

Exports In 2023 the top exporters of Phenylacetic Acid & Its Salts  were China ($2.39M), India ($1.57M), Germany ($1.12M), United States ($840k), and Mexico ($654k).

Imports In 2023 the top importers of Phenylacetic Acid & Its Salts were United States ($2.22M), Germany ($1.57M), Mexico ($609k), Spain ($517k), and Guatemala ($308k).

Ranking Phenylacetic Acid & Its Salts ranks 2460th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Phenylacetic Acid & Its Salts. 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$2.39M
Top Destination (2023)United States$2.22M

In 2023 Phenylacetic Acid & Its Salts were the world's 4641st most traded product (out of 4,766).

In 2023, the top exporters of Phenylacetic Acid & Its Salts were China ($2.39M), India ($1.57M), Germany ($1.12M), United States ($840k), and Mexico ($654k).

In 2023, the top importers of Phenylacetic Acid & Its Salts were United States ($2.22M), Germany ($1.57M), Mexico ($609k), Spain ($517k), and Guatemala ($308k).

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Exporters of Phenylacetic Acid & Its Salts (2023)
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Importers of Phenylacetic Acid & Its Salts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$654k
Top Destination Growth (2022 -  2023)Guatemala$308k

Between 2022 and 2023, the exports of Phenylacetic Acid & Its Salts grew the fastest in Mexico ($654k), Spain ($80.9k), Canada ($19.3k), United Arab Emirates ($17.5k), and Italy ($6.94k).

Between 2022 and 2023, the fastest growing importers of Phenylacetic Acid & Its Salts were Guatemala ($308k), Mexico ($225k), Spain ($178k), Turkey ($55.6k), and Slovakia ($55.1k).

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Exporters of Phenylacetic Acid & Its Salts (2022 - 2023)

Importers of Phenylacetic Acid & Its Salts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Phenylacetic Acid & Its Salts.

In 2023, market concentration measured using Shannon Entropy, was 2.49. This means that most of the exports of Phenylacetic Acid & Its Salts are explained by 5 countries.

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Value of Exports in Phenylacetic Acid & Its Salts

Net Trade

TOP NET EXPORTER (2023)China$2.26M
TOP NET IMPORTER (2023)United States$1.38M

This map shows which countries export or import more of Phenylacetic Acid & Its Salts. Each country is colored based on the difference in exports and imports of Phenylacetic Acid & Its Salts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Phenylacetic Acid & Its Salts were China ($2.26M), India ($1.56M), Mexico ($45.1k), Denmark ($3.42k), and Pakistan ($2.18k).

In 2023, the countries that had a largest trade value in imports than in exports of Phenylacetic Acid & Its Salts were United States ($1.38M), Germany ($452k), France ($253k), United Kingdom ($211k), and Spain ($136k).

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 Phenylacetic Acid & Its Salts.
It is possible to select the main countries that export or import Phenylacetic Acid & Its Salts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Phenylacetic Acid & Its Salts 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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