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151911 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.93BRnk 1529 / 4648
2022
Top Exporter | Top Importer $934M | $467MIndonesia | China
2022
Product Complexity -0.61Rnk 3367 / 4653
2021 - 2022
Export Growth (CAGR) 15.7%Rnk 1066 / 4648
2022
Share of World Trade 0.0082%Rnk 1529 / 4648

About

Overview This page contains the latest trade data of Stearic acid. In 2022, Stearic acid were the world's 1529th most traded product, with a total trade of $1.93B. Between 2021 and 2022 the exports of Stearic acid grew by 15.7%, from $1.67B to $1.93B. Trade in Stearic acid represent 0.0082% of total world trade.

Stearic acid are a part of Stearic Acid.

Exports In 2022 the top exporters of Stearic acid  were Indonesia ($934M), Malaysia ($515M), Netherlands ($103M), Germany ($61.8M), and Sweden ($61M).

Imports In 2022 the top importers of Stearic acid were China ($467M), Netherlands ($123M), Turkey ($105M), South Korea ($103M), and United States ($94.7M).

Ranking Stearic acid ranks 3367th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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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 (2022)Indonesia$934M
Top Destination (2022)China$467M

In 2022 Stearic acid were the world's 1529th most traded product (out of 4,648).

In 2022, the top exporters of Stearic acid were Indonesia ($934M), Malaysia ($515M), Netherlands ($103M), Germany ($61.8M), and Sweden ($61M).

In 2022, the top importers of Stearic acid were China ($467M), Netherlands ($123M), Turkey ($105M), South Korea ($103M), and United States ($94.7M).

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

Color
Top Origin Growth (2021 -  2022)Indonesia$120M
Top Destination Growth (2021 -  2022)China$60.1M

Between 2021 and 2022, the exports of Stearic acid grew the fastest in Indonesia ($120M), Malaysia ($84M), China ($19.1M), Netherlands ($16.2M), and Brazil ($9.76M).

Between 2021 and 2022, the fastest growing importers of Stearic acid were China ($60.1M), United States ($39.5M), Netherlands ($30.5M), Malaysia ($13.7M), and Iran ($13.1M).

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Exporters of Stearic acid (2021 - 2022)

Importers of Stearic acid (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.45. 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 (2022)Indonesia$928M
TOP NET IMPORTER (2022)China$427M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Stearic acid were Indonesia ($928M), Malaysia ($494M), Sweden ($56.3M), Argentina ($14.6M), and Italy ($7.98M).

In 2022, the countries that had a largest trade value in imports than in exports of Stearic acid were China ($427M), Turkey ($102M), South Korea ($99.4M), Mexico ($64M), and Thailand ($62.8M).

Net Trade (2022)

Country Comparison

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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 (2022)

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