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291550 (Harmonized System 1992 for 6-digit)

2023
World Trade $505MRnk 2849 / 4644
2023
Top Exporter | Top Importer $121M | $62.3MUnited States | Netherlands
2023
Product Complexity 0.88Rnk 1000 / 4656
2022 - 2023
Export Growth (CAGR) -18.4%Rnk 3552 / 4644
2023
Share of World Trade 0.0022%Rnk 2849 / 4644

About

Overview This page contains the latest trade data of Propionic acid, its salts & esters. In 2023, Propionic acid, its salts & esters were the world's 2849th most traded product, with a total trade of $505M. Between 2022 and 2023 the exports of Propionic acid, its salts & esters decreased by -18.4%, from $618M to $505M. Trade in Propionic acid, its salts & esters represent 0.0022% of total world trade.

Propionic acid, its salts & esters are a part of Saturated Acyclic Monocarboxylic Acids.

Exports In 2023 the top exporters of Propionic acid, its salts & esters  were United States ($121M), China ($78.7M), Netherlands ($69.6M), Germany ($45.9M), and Belgium ($32.8M).

Imports In 2023 the top importers of Propionic acid, its salts & esters were Netherlands ($62.3M), Belgium ($39.3M), India ($31.1M), Brazil ($26.4M), and United States ($26.2M).

Ranking Propionic acid, its salts & esters ranks 1000th in the Product Complexity Index (PCI).

Description Propionic acid is an organic acid that is a component of the E-numbers E290 (propionates) and E296 (propionic acid esters). It is used as a preservative in various types of food.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Propionic 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)United States$121M
Top Destination (2023)Netherlands$62.3M

In 2023 Propionic acid, its salts & esters were the world's 2849th most traded product (out of 4,644).

In 2023, the top exporters of Propionic acid, its salts & esters were United States ($121M), China ($78.7M), Netherlands ($69.6M), Germany ($45.9M), and Belgium ($32.8M).

In 2023, the top importers of Propionic acid, its salts & esters were Netherlands ($62.3M), Belgium ($39.3M), India ($31.1M), Brazil ($26.4M), and United States ($26.2M).

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

Color
Top Origin Growth (2022 -  2023)India$5.18M
Top Destination Growth (2022 -  2023)Belgium$3.88M

Between 2022 and 2023, the exports of Propionic acid, its salts & esters grew the fastest in India ($5.18M), Brazil ($743k), Ireland ($514k), Chinese Taipei ($371k), and Thailand ($361k).

Between 2022 and 2023, the fastest growing importers of Propionic acid, its salts & esters were Belgium ($3.88M), South Korea ($2.66M), Switzerland ($2.62M), Finland ($2.36M), and Honduras ($1.45M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Propionic acid, its salts & esters are explained by 12 countries.

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Value of Exports in Propionic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2023)United States$94.9M
TOP NET IMPORTER (2023)Brazil$25.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Propionic acid, its salts & esters were United States ($94.9M), China ($67.1M), Germany ($28M), Sweden ($20.7M), and France ($8.77M).

In 2023, the countries that had a largest trade value in imports than in exports of Propionic acid, its salts & esters were Brazil ($25.5M), United Kingdom ($15.6M), Mexico ($14.6M), India ($14.6M), and Singapore ($11.4M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Propionic 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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