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291521 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.88BRnk 1179 / 4648
2022
Top Exporter | Top Importer $717M | $682MChina | India
2022
Product Complexity 1.01Rnk 760 / 4653
2021 - 2022
Export Growth (CAGR) -15.1%Rnk 4178 / 4648
2022
Share of World Trade 0.012%Rnk 1179 / 4648

About

Overview This page contains the latest trade data of Acetic acid. In 2022, Acetic acid were the world's 1179th most traded product, with a total trade of $2.88B. Between 2021 and 2022 the exports of Acetic acid decreased by -15.1%, from $3.4B to $2.88B. Trade in Acetic acid represent 0.012% of total world trade.

Acetic acid are a part of Saturated Acyclic Monocarboxylic Acids.

Exports In 2022 the top exporters of Acetic acid  were China ($717M), United States ($638M), Malaysia ($267M), Singapore ($246M), and Belgium ($215M).

Imports In 2022 the top importers of Acetic acid were India ($682M), Belgium ($346M), Germany ($271M), Mexico ($238M), and Singapore ($134M).

Ranking Acetic acid ranks 760th in the Product Complexity Index (PCI).

Description The most common use for acetic acid is in the production of vinegar. The other common use for acetic acid is as a precursor to acetate salts and esters which are used as solvents, plasticizers, and pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Acetic 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 (2022)China$717M
Top Destination (2022)India$682M

In 2022 Acetic acid were the world's 1179th most traded product (out of 4,648).

In 2022, the top exporters of Acetic acid were China ($717M), United States ($638M), Malaysia ($267M), Singapore ($246M), and Belgium ($215M).

In 2022, the top importers of Acetic acid were India ($682M), Belgium ($346M), Germany ($271M), Mexico ($238M), and Singapore ($134M).

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Exporters of Acetic acid (2022)
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Importers of Acetic acid (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$86.8M
Top Destination Growth (2021 -  2022)Belgium$60.1M

Between 2021 and 2022, the exports of Acetic acid grew the fastest in United Kingdom ($86.8M), United States ($38.3M), India ($12.1M), France ($7.05M), and Switzerland ($5.53M).

Between 2021 and 2022, the fastest growing importers of Acetic acid were Belgium ($60.1M), United States ($27.8M), France ($8.1M), Brazil ($6.04M), and Denmark ($5.76M).

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Exporters of Acetic acid (2021 - 2022)

Importers of Acetic acid (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Acetic acid are explained by 10 countries.

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Value of Exports in Acetic acid

Net Trade

TOP NET EXPORTER (2022)China$712M
TOP NET IMPORTER (2022)India$647M

This map shows which countries export or import more of Acetic acid. Each country is colored based on the difference in exports and imports of Acetic acid during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Acetic acid were China ($712M), United States ($586M), Malaysia ($262M), Chinese Taipei ($199M), and United Kingdom ($148M).

In 2022, the countries that had a largest trade value in imports than in exports of Acetic acid were India ($647M), Mexico ($236M), Germany ($234M), Belgium ($131M), and Brazil ($126M).

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 Acetic acid.
It is possible to select the main countries that export or import Acetic acid in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Acetic 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 (2022)

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