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291633 (Harmonized System 1992 for 6-digit)

2022
World Trade $9.29MRnk 4534 / 4648
2022
Top Exporter | Top Importer $4.26M | $3.04MChina | United States
2022
Product Complexity 0.76Rnk 1179 / 4653
2021 - 2022
Export Growth (CAGR) -9.37%Rnk 3918 / 4648
2022
Share of World Trade <0.01%Rnk 4534 / 4648

About

Overview This page contains the latest trade data of Phenylacetic acid, its salts & esters. In 2022, Phenylacetic acid, its salts & esters were the world's 4534th most traded product, with a total trade of $9.29M. Between 2021 and 2022 the exports of Phenylacetic acid, its salts & esters decreased by -9.37%, from $10.3M to $9.29M. Trade in Phenylacetic acid, its salts & esters represent 0.000039% of total world trade.

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

Exports In 2022 the top exporters of Phenylacetic acid, its salts & esters  were China ($4.26M), India ($2.29M), Germany ($1.22M), United States ($992k), and Spain ($347k).

Imports In 2022 the top importers of Phenylacetic acid, its salts & esters were United States ($3.04M), Germany ($1.8M), India ($1.43M), Mexico ($384k), and Spain ($359k).

Ranking Phenylacetic acid, its salts & esters ranks 1179th 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 (2022)China$4.26M
Top Destination (2022)United States$3.04M

In 2022 Phenylacetic acid, its salts & esters were the world's 4534th most traded product (out of 4,648).

In 2022, the top exporters of Phenylacetic acid, its salts & esters were China ($4.26M), India ($2.29M), Germany ($1.22M), United States ($992k), and Spain ($347k).

In 2022, the top importers of Phenylacetic acid, its salts & esters were United States ($3.04M), Germany ($1.8M), India ($1.43M), Mexico ($384k), and Spain ($359k).

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Exporters of Phenylacetic acid, its salts & esters (2022)
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Importers of Phenylacetic acid, its salts & esters (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$373k
Top Destination Growth (2021 -  2022)United States$1.68M

Between 2021 and 2022, the exports of Phenylacetic acid, its salts & esters grew the fastest in India ($373k), United States ($342k), Germany ($177k), Democratic Republic of the Congo ($41.6k), and Switzerland ($19.7k).

Between 2021 and 2022, the fastest growing importers of Phenylacetic acid, its salts & esters were United States ($1.68M), Germany ($161k), France ($55k), Uzbekistan ($49k), and Japan ($42.2k).

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Exporters of Phenylacetic acid, its salts & esters (2021 - 2022)

Importers of Phenylacetic acid, its salts & esters (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.09. This means that most of the exports of Phenylacetic acid, its salts & esters are explained by 4 countries.

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Value of Exports in Phenylacetic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2022)China$3.91M
TOP NET IMPORTER (2022)United States$2.05M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Phenylacetic acid, its salts & esters were China ($3.91M), India ($864k), Democratic Republic of the Congo ($41.6k), Denmark ($14.1k), and Jordan ($1.19k).

In 2022, the countries that had a largest trade value in imports than in exports of Phenylacetic acid, its salts & esters were United States ($2.05M), Germany ($586k), France ($289k), Japan ($171k), and United Kingdom ($144k).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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 (2022)

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