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291817 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.54MRnk 4554 / 4644
2023
Top Exporter | Top Importer $1.13M | $1.02MChina | India
2023
Product Complexity 0.81Rnk 1202 / 5006
2022 - 2023
Export Growth (CAGR) -45%Rnk 4493 / 4644
2023
Share of World Trade <0.01%Rnk 4554 / 4644

About

Overview This page contains the latest trade data of Phenylglycolic acid, its salts & esters. In 2023, Phenylglycolic acid, its salts & esters were the world's 4554th most traded product, with a total trade of $2.54M. Between 2022 and 2023 the exports of Phenylglycolic acid, its salts & esters decreased by -45%, from $4.61M to $2.54M. Trade in Phenylglycolic acid, its salts & esters represent 0.000011% of total world trade.

Phenylglycolic acid, its salts & esters are a part of Carboxylic Acids.

Exports In 2023 the top exporters of Phenylglycolic acid, its salts & esters  were China ($1.13M), Malaysia ($592k), Netherlands ($580k), Spain ($112k), and Germany ($34.7k).

Imports In 2023 the top importers of Phenylglycolic acid, its salts & esters were India ($1.02M), France ($314k), Italy ($214k), Brazil ($149k), and Denmark ($144k).

Ranking Phenylglycolic acid, its salts & esters ranks 1202nd in the Product Complexity Index (PCI).

Description Phenylglycolic acid, its salts and esters are used in the manufacture of various organic acids and pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Phenylglycolic 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$1.13M
Top Destination (2023)India$1.02M

In 2023 Phenylglycolic acid, its salts & esters were the world's 4554th most traded product (out of 4,644).

In 2023, the top exporters of Phenylglycolic acid, its salts & esters were China ($1.13M), Malaysia ($592k), Netherlands ($580k), Spain ($112k), and Germany ($34.7k).

In 2023, the top importers of Phenylglycolic acid, its salts & esters were India ($1.02M), France ($314k), Italy ($214k), Brazil ($149k), and Denmark ($144k).

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

Color
Top Origin Growth (2022 -  2023)China$640k
Top Destination Growth (2022 -  2023)India$766k

Between 2022 and 2023, the exports of Phenylglycolic acid, its salts & esters grew the fastest in China ($640k), Spain ($110k), Netherlands ($89.9k), Germany ($20.3k), and Switzerland ($17.6k).

Between 2022 and 2023, the fastest growing importers of Phenylglycolic acid, its salts & esters were India ($766k), Netherlands ($114k), France ($104k), Italy ($30.4k), and Belgium ($25.7k).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.06. This means that most of the exports of Phenylglycolic acid, its salts & esters are explained by 4 countries.

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Value of Exports in Phenylglycolic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2023)China$1.13M
TOP NET IMPORTER (2023)India$1.01M

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

In 2023, the countries that had a largest trade value in exports than in imports of Phenylglycolic acid, its salts & esters were China ($1.13M), Malaysia ($590k), Netherlands ($465k), Spain ($110k), and Switzerland ($18.7k).

In 2023, the countries that had a largest trade value in imports than in exports of Phenylglycolic acid, its salts & esters were India ($1.01M), France ($294k), Italy ($209k), Denmark ($144k), and Turkey ($48.1k).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Phenylglycolic 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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