Japan Headed the Global Acyclic Hydrocarbon Trade in 2014
Basic Chemicals July 15, 2015
Japan remained the leader in the global acyclic hydrocarbon trade. In 2014, Japan exported 2,238 thousand tonnes of acyclic hydrocarbons totaling 2,983 million USD, 4% under the previous year. Its primary trading partner was China, where it supplied 63% of its total acyclic hydrocarbon exports in value terms, accounting for 27% of China's total imports.
From 2007 to 2014, Japan was a net exporter of acyclic hydrocarbons. Over the period under review, exports consistently exceeded imports in value terms.
The Netherlands and the U.S. were also among the main global suppliers of acyclic hydrocarbons in 2014. However, the fastest growing exporters from 2007 to 2014 were Singapore (+25% per year) and Japan (+18% per year). The shares of the United Kingdom (-5 percentage points) and the U.S. (-1%) illustrated negative dynamics.
In 2014, Japan's top 5 trading partners were China, the Republic of Korea, the U.S., Belgium and Singapore, with a 94% combined share of Japan's exports. The share of China increased significantly (+29 percentage points).
Source: World: Acyclic Hydrocarbons - Market Report. Analysis and Forecast to 2020
