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Classification 40 for Standard International Trade Classification (SITC).

2018
World Trade $123BRnk 21 / 35
2018
Top Exporter | Top Importer $17B | $19.4BSaudi Arabia | China
2017 - 2018
Export Growth (CAGR) 42.5%Rnk 6 / 35

About

Overview This page contains the latest trade data of Petrochemicals. In 2018, Petrochemicals were the world's 21st most traded product, with a total trade of $123B. Between 2017 and 2018 the exports of Petrochemicals grew by 42.5%, from $86.5B to $123B. Trade in Petrochemicals represent 0.64% of total world trade.

Petrochemicals include Chemicals and related products, n.e.s., Manufactured goods classified chiefly by material, and Crude materials, inedible, except fuels.

Exports In 2018 the top exporters of Petrochemicals  were Saudi Arabia ($17B), United States ($12.8B), Germany ($9.78B), Belgium ($7.53B), and Thailand ($6.99B).

Imports In 2018 the top importers of Petrochemicals were China ($19.4B), Germany ($7.24B), United States ($6.39B), Italy ($4.76B), and Turkey ($4.19B).

Historical Data

Exporters and Importers

Top Origin (2018)Saudi Arabia$17B
Top Destination (2018)China$19.4B

In 2018 Petrochemicals were the world's 21st most traded product (out of 35).

In 2018, the top exporters of Petrochemicals were Saudi Arabia ($17B), United States ($12.8B), Germany ($9.78B), Belgium ($7.53B), and Thailand ($6.99B).

In 2018, the top importers of Petrochemicals were China ($19.4B), Germany ($7.24B), United States ($6.39B), Italy ($4.76B), and Turkey ($4.19B).

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Exporters of Petrochemicals (2018)
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Importers of Petrochemicals (2018)
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Market Dynamics

Color
Top Origin Growth (2017 -  2018)Saudi Arabia$17B
Top Destination Growth (2017 -  2018)China$6.92B

Between 2017 and 2018, the exports of Petrochemicals grew the fastest in Saudi Arabia ($17B), Thailand ($6.99B), United Arab Emirates ($2.76B), Rest of the world ($2.42B), and Singapore ($1.85B).

Between 2017 and 2018, the fastest growing importers of Petrochemicals were China ($6.92B), Vietnam ($3.76B), Singapore ($2.46B), India ($1.68B), and Malaysia ($1.63B).

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Exporters of Petrochemicals (2017 - 2018)

Importers of Petrochemicals (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petrochemicals.

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Value of Exports in Petrochemicals

Net Trade

TOP NET EXPORTER (2018)Saudi Arabia$16.6B
TOP NET IMPORTER (2018)China$16.1B

This map shows which countries export or import more of Petrochemicals. Each country is colored based on the difference in exports and imports of Petrochemicals during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Petrochemicals were Saudi Arabia ($16.6B), United States ($6.42B), Thailand ($6B), South Korea ($5.53B), and Belgium ($3.57B).

In 2018, the countries that had a largest trade value in imports than in exports of Petrochemicals were China ($16.1B), Turkey ($3.49B), Mexico ($2.21B), Italy ($1.96B), and Poland ($1.95B).

Net Trade (2018)

Disaggregation

Value

In 2018, the world most traded Petrochemicals, disaggragated by their HS6 level were Chemicals and related products, n.e.s. ($98B), Manufactured goods classified chiefly by material ($24.5B), and Crude materials, inedible, except fuels ($723M)

Subgroup Disaggregation for Petrochemicals (2018)
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