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291633 (Harmonized System 1992 for 6-digit)

2023
World Trade $11.9MRnk 4499 / 4644
2023
Top Exporter | Top Importer $7.23M | $4.84MChina | India
2023
Product Complexity 0.78Rnk 1143 / 4656
2022 - 2023
Export Growth (CAGR) 12.6%Rnk 533 / 4644
2023
Share of World Trade <0.01%Rnk 4499 / 4644

About

Overview This page contains the latest trade data of Phenylacetic acid, its salts & esters. In 2023, Phenylacetic acid, its salts & esters were the world's 4499th most traded product, with a total trade of $11.9M. Between 2022 and 2023 the exports of Phenylacetic acid, its salts & esters grew by 12.6%, from $10.5M to $11.9M. Trade in Phenylacetic acid, its salts & esters represent 0.000053% of total world trade.

Phenylacetic acid, its salts & esters are a part of Unsaturated Acyclic Monocarboxylic Acids.

Exports In 2023 the top exporters of Phenylacetic acid, its salts & esters  were China ($7.23M), India ($1.54M), Germany ($1.11M), United States ($841k), and Mexico ($654k).

Imports In 2023 the top importers of Phenylacetic acid, its salts & esters were India ($4.84M), United States ($2.22M), Germany ($1.57M), Mexico ($609k), and Spain ($513k).

Ranking Phenylacetic acid, its salts & esters ranks 1143rd 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 & 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 (2023)China$7.23M
Top Destination (2023)India$4.84M

In 2023 Phenylacetic acid, its salts & esters were the world's 4499th most traded product (out of 4,644).

In 2023, the top exporters of Phenylacetic acid, its salts & esters were China ($7.23M), India ($1.54M), Germany ($1.11M), United States ($841k), and Mexico ($654k).

In 2023, the top importers of Phenylacetic acid, its salts & esters were India ($4.84M), United States ($2.22M), Germany ($1.57M), Mexico ($609k), and Spain ($513k).

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Exporters of Phenylacetic acid, its salts & esters (2023)
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Importers of Phenylacetic acid, its salts & esters (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.72M
Top Destination Growth (2022 -  2023)India$1.56M

Between 2022 and 2023, the exports of Phenylacetic acid, its salts & esters grew the fastest in China ($1.72M), Mexico ($654k), Spain ($81k), Canada ($19.3k), and United Arab Emirates ($17.5k).

Between 2022 and 2023, the fastest growing importers of Phenylacetic acid, its salts & esters were India ($1.56M), Guatemala ($308k), Mexico ($225k), Spain ($175k), and Turkey ($55.8k).

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Exporters of Phenylacetic acid, its salts & esters (2022 - 2023)

Importers of Phenylacetic acid, its salts & esters (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Phenylacetic acid, its salts & esters.

In 2023, market concentration measured using Shannon Entropy, was 1.89. This means that most of the exports of Phenylacetic acid, its salts & esters are explained by 3 countries.

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Value of Exports in Phenylacetic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2023)China$7.11M
TOP NET IMPORTER (2023)India$3.3M

This map shows which countries export or import more of Phenylacetic acid, its salts & esters. Each country is colored based on the difference in exports and imports of Phenylacetic acid, its salts & esters during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Phenylacetic acid, its salts & esters were China ($7.11M), Mexico ($45.1k), United Arab Emirates ($10.8k), 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 & esters were India ($3.3M), United States ($1.38M), Germany ($464k), France ($253k), and United Kingdom ($211k).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Phenylacetic acid, its 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 (2023)

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