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151911 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.46BRnk 1705 / 4644
2023
Top Exporter | Top Importer $758M | $360MIndonesia | China
2023
Product Complexity -0.91Rnk 3718 / 4656
2022 - 2023
Export Growth (CAGR) -28%Rnk 4144 / 4644
2023
Share of World Trade 0.0065%Rnk 1705 / 4644

About

Overview This page contains the latest trade data of Stearic acid. In 2023, Stearic acid were the world's 1705th most traded product, with a total trade of $1.46B. Between 2022 and 2023 the exports of Stearic acid decreased by -28%, from $2.03B to $1.46B. Trade in Stearic acid represent 0.0065% of total world trade.

Stearic acid are a part of Stearic Acid.

Exports In 2023 the top exporters of Stearic acid  were Indonesia ($758M), Malaysia ($354M), Netherlands ($76.5M), Germany ($44.5M), and Sweden ($38.5M).

Imports In 2023 the top importers of Stearic acid were China ($360M), Netherlands ($87.3M), Turkey ($78.1M), Germany ($73.7M), and South Korea ($70.6M).

Ranking Stearic acid ranks 3718th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Stearic acid. 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)Indonesia$758M
Top Destination (2023)China$360M

In 2023 Stearic acid were the world's 1705th most traded product (out of 4,644).

In 2023, the top exporters of Stearic acid were Indonesia ($758M), Malaysia ($354M), Netherlands ($76.5M), Germany ($44.5M), and Sweden ($38.5M).

In 2023, the top importers of Stearic acid were China ($360M), Netherlands ($87.3M), Turkey ($78.1M), Germany ($73.7M), and South Korea ($70.6M).

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Exporters of Stearic acid (2023)
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Importers of Stearic acid (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ghana$6.15M
Top Destination Growth (2022 -  2023)Malaysia$21.9M

Between 2022 and 2023, the exports of Stearic acid grew the fastest in Ghana ($6.15M), Thailand ($875k), Gabon ($770k), Honduras ($661k), and Panama ($527k).

Between 2022 and 2023, the fastest growing importers of Stearic acid were Malaysia ($21.9M), India ($5.75M), Nigeria ($1.37M), Angola ($788k), and Saudi Arabia ($713k).

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Exporters of Stearic acid (2022 - 2023)

Importers of Stearic acid (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Stearic acid.

In 2023, market concentration measured using Shannon Entropy, was 2.37. This means that most of the exports of Stearic acid are explained by 5 countries.

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Value of Exports in Stearic acid

Net Trade

TOP NET EXPORTER (2023)Indonesia$753M
TOP NET IMPORTER (2023)China$331M

This map shows which countries export or import more of Stearic acid. Each country is colored based on the difference in exports and imports of Stearic acid during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Stearic acid were Indonesia ($753M), Malaysia ($305M), Sweden ($35M), Argentina ($13M), and Italy ($8.35M).

In 2023, the countries that had a largest trade value in imports than in exports of Stearic acid were China ($331M), Turkey ($77.2M), South Korea ($69.6M), Vietnam ($50.6M), and Mexico ($46.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Stearic acid 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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