HS Icon Cyclic Hydrocarbons

2902 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $45.7B, Rnk 82 / 1217

2019
Top Exporter | Top Importer
: $9.07B | $19.2B, South Korea | China

2019
Product Complexity
: 0.53, Rnk 332 / 961

2018 - 2019
Export Growth (CAGR)
: -18.2%, Rnk 1129 / 1217

2018
Mean Tariff
: 3.24%, Rnk 1113 / 1259

 2019
Share of World Trade
: 0.25%, Rnk 82 / 1217

Overview:  This page contains the latest trade data of Cyclic Hydrocarbons. In 2019, Cyclic Hydrocarbons were the world's 82nd most traded product, with a total trade of $45.7B. Between 2018 and 2019 the exports of Cyclic Hydrocarbons decreased by -18.2%, from  $55.8B to $45.7B. Trade in Cyclic Hydrocarbons represent 0.25% of total world trade.

Exports: In 2019 the top exporters of Cyclic Hydrocarbons  were South Korea ($9.07B), Japan ($5.28B), United States ($4.18B), India ($3.58B), and Saudi Arabia ($3.2B).

Imports: In 2019 the top importers of Cyclic Hydrocarbons were China ($19.2B), Chinese Taipei ($2.86B), Belgium ($2.83B), United States ($2.29B), and India ($2.08B).

Tariffs: In 2018 the average tariff for Cyclic Hydrocarbons was 3.24%, making it the 1113th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cyclic Hydrocarbons are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (11.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Cyclic Hydrocarbons ranks 332nd in the Product Complexity Index (PCI).

Description: Cyclic hydrocarbons are used in the production of plastics, synthetic rubber, and other synthetic materials. They are also used as solvents in the manufacture of paints, varnishes, and other coatings.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): South Korea, $9.07B

Top Destination (2019): China, $19.2B

Cyclic Hydrocarbons are the world's 82nd most traded product.

In 2019, the top exporters of Cyclic Hydrocarbons were South Korea ($9.07B), Japan ($5.28B), United States ($4.18B), India ($3.58B), and Saudi Arabia ($3.2B).

In 2019, the top importers of Cyclic Hydrocarbons were China ($19.2B), Chinese Taipei ($2.86B), Belgium ($2.83B), United States ($2.29B), and India ($2.08B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Indonesia, $249M

Top Destination Growth (2018 - 2019): Portugal, $124M

Between 2018 and 2019, the exports of Cyclic Hydrocarbons grew the fastest in Indonesia ($249M), Vietnam ($124M), Kazakhstan ($120M), Saudi Arabia ($104M), and China ($78.6M).

Between 2018 and 2019, the fastest growing importers of Cyclic Hydrocarbons were Portugal ($124M), Singapore ($104M), Turkey ($81.8M), Russia ($31.7M), and Brunei ($20.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Cyclic Hydrocarbons.

In 2019,  market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Cyclic Hydrocarbons are explained by 17 countries.

Explore Visualizations

TOP NET EXPORTER (2019): South Korea, $7.89B

TOP NET IMPORTER (2019): China, $18.7B

This map shows which countries export or import more of Cyclic Hydrocarbons. Each country is colored based on the difference in exports and imports of Cyclic Hydrocarbons during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Cyclic Hydrocarbons were South Korea ($7.89B), Japan ($4.95B), Saudi Arabia ($2.62B), Singapore ($2.37B), and United States ($1.89B).

In 2019, the countries that had a largest trade value in imports than in exports of Cyclic Hydrocarbons were China ($18.7B), Belgium ($1.65B), Mexico ($1.61B), Chinese Taipei ($1.14B), and Indonesia ($613M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Cyclic Hydrocarbons, disaggragated by their HS6 level were P-xylene ($20B), Styrene ($10.2B), Benzene ($6.36B), Toluene ($2.52B), and Cumene ($1.44B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Cyclic Hydrocarbons was 3.24%.  The countries with the highest tariffs for importing Cyclic Hydrocarbons were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Romania (11.6%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.