These are found in different types like Olefins ( ethylene, propylene, and butadiene), Aromatics ( benzene, toluene, and xylene), and synthesis gas ( hydrogen and carbon monoxide) which serve different variants of applications over different Industrial sectors like packaging, transportation, construction, textile and pharmaceuticals. The economic benefits of petrochemicals via different effectivities in emerging trade sectors support the globally growing plastic, textile, pharmaceuticals, and many other industries promoting the ranking of the product as one of the top globally sought-after commodities in 2023.

The global trade of petrochemicals has been steadily growing over the past few years due to the increasing demand for this product in different emerging sectors which has recorded an import and export trade value of 714 billion US dollars and 965 billion US dollars in 2023. Different technological advancements in industrial sectors and urbanization of the leading central areas of top trade destinations facilitate the global trade of this highly sought-after commodity leading to increasing rates of imports and exports due to higher domestic and international necessities.

Global Petrochemical Trade: Top Import Variants With a Valuation in 2023

The growing global surge in the demand for petrochemicals has played a crucial role in the growing trade rank of different economies across the globe. According to the Global Petrochemical Import Data, the top 10 petrochemical imports of 2023 are,

1. Ethylene - Valuation of global Ethylene imports in 2023 - 110 billion US dollars.

2. Propylene - Valuation of global Propylene imports in 2023 - 78 billion US dollars.

3. Methanol - Valuation of global Methanol imports in 2023 - 62 billion US dollars.

4. Benzene - Valuation of global Benzene Imports in 2023 - 40 billion US dollars.

5. Butadiene - Valuation of global Butadiene imports in 2023 - 32 billion US dollars.

6. Toluene - Valuation of global Toluene imports in 2023 - 28 billion US dollars.

7. Xylene - Valuation of global Xylene imports in 2023 - 24 billion US dollars.

8. Styrene - Valuation of global Styrene imports in 2023 - 18 billion US dollars.

9. Vinyl Chloride Monomer - Valuation of global Vinyl Chloride Monomer imports in 2023 - 12 billion US dollars.

10. Polyethylene - Valuation of global Polyethylene imports in 2023 - 10 billion US dollars.

Global Petrochemical Import: Top 10 Importing Countries of 2023

According to the Global Petrochemical Trade Data, the top 10 importing countries across the globe are,

1. China - According to the China Import Data, valuation of petrochemical import in 2023 - 194 billion US dollars.

Top 5 Imports

• Ethylene
• Propylene
• Polyethylene
• Polypropylene
• Styrene

2. United States - According to the USA Import Data, valuation of petrochemical import in 2023 - 83 billion US dollars.

Top 5 Imports

• Butadiene
• Benzene
• Polybutylene
• Polystyrene
• Ethylbenzene

3. India - According to the India Import Data, valuation of petrochemical import in 2023 - 60 billion US dollars.

Top 5 Imports

• Toluene
• Xylene
• Polyvinyl chloride (PVC)
• Ethylene oxide
• Propylene oxide

4. Germany - According to the Germany Import Data, valuation of petrochemical import in 2023 - 52 billion US dollars.

Top 5 Imports

• Methanol
• Ethanol
• Butylene
• 1-Hexene
• 1-Octene

5. South Korea - According to the South Korea Import Data, valuation of petrochemical import in 2023 - 47 billion US dollars.

Top 5 Imports

• Cumene
• Cresol
• Benzaldehyde
• Acetylene
• Cyclohexane

6. Japan - According to the Japan Import Data, valuation of petrochemical import in 2023 - 41 billion US dollars.

Top 5 Imports

• Cresol
• Benzaldehyde
• Naphthalene
• Ethylene glycol
• Glycerol

7. Italy - According to the Italy Import Data, valuation of petrochemical import in 2023 - 33 billion US dollars.

Top 5 Imports

• Hexanol
• Polylactic acid (PLA)
• Epoxy resins
• Aramid fibers
• Acrylic fibers

8. Netherlands - According to the Netherlands Import Data, valuation of petrochemical import in 2023 - 32 billion US dollars.

Top 5 Imports

• Carbon black
• Asphalt
• Paraffin wax
• Naphtha
• Triethylene glycol

9. France - According to the France Import Data, valuation of petrochemical import in 2023 - 28 billion US dollars.

Top 5 Imports

• Ethylene oxide
• Polystyrene
• Acetylene
• Propylene
• Aniline

10. Belgium - According to the Belgium Import Data, valuation of petrochemical import in 2023 - 26 billion US dollars.

Top 5 Imports

• Polyester
• Carbon fibers
• Plasticizers
• Methanol
• Ethylene glycol

Global Petrochemical Trade: Top Export Variants With Valuation in 2023

The increasing necessity of petrochemicals in different industries has led to a higher global export range. According to the Global Petrochemical Export Data, the top 10 export variants of 2023 are,

1. Ethylene - Global export valuation of Ethylene in 2023 - 150 billion US dollars.

2. Propylene - Global export valuation of Propylene in 2023 - 100 billion US dollars.

3. Benzene - Global export valuation of Benzene in 2023 - 80 billion US dollars.

4. Toluene - Global export valuation of Toluene in 2023 - 70 billion US dollars.

5. Xylene - Global export valuation of Xylene in 2023 - 65 billion US dollars.

6. Polyethylene - Global export valuation of Polyethylene in 2023 - 45 billion US dollars.

7. Styrene - Global export valuation of Styrene in 2023 - 30 billion US dollars.

8. Butadiene - Global export valuation of Butadiene in 2023 - 25 billion US dollars.

9. PVC - Global export valuation of PVC in 2023 - 20 billion US dollars.

10. Propane - Global export valuation of Propane in 2023 - 15 billion US dollars.

Top 10 Global Petrochemical Exporters 2023: Key Insights of Export Market

The global petrochemical industry has gained a rapid hike in its production rate due to the increasing demand for raw materials for efficient productivity of different globally acquired necessities. According to the Global Petrochemical Customs Data, the top 10 global exporters of 2023 are,

1. United States - According to the USA Export Data, the valuation of petrochemical export from the United States in 2023 - 220 billion US dollars.

Top 5 Exports

• Acetylene
• Benzene
• Propylene oxide
• Cumene
• Phenol

2. Saudi Arabia - According to the Saudi Arabia Export Data, the valuation of petrochemical export from Saudi Arabia in 2023 - 160 billion US dollars.

Top 5 Exports

• Ethylbenzene
• Propylene glycol
• Hexanol
• Polyamide
• Polyester

3. China - According to the China Export Data, the valuation of petrochemical export from China in 2023 - 100 billion US dollars.

Top 5 Exports

• Polylactic acid (PLA)
• Nylon-66
• Glycerol
• Benzaldehyde
• Cumene

4. Germany - According to the Germany Export Data, valuation of petrochemical export from Germany in 2023 - 80 billion US dollars.

Top 5 Exports

• Polystyrene
• Xylene
• Benzene
• Cyclohexane
• Polyurethane

5. South Korea - According to the South Korea Export Data, valuation of petrochemical export from South Korea in 2023 - 70 billion US dollars.

Top 5 Exports

• Adhesives
• Herbicides
• Naphtha
• Jet fuel
• Polyester

6. Japan - According to the Japan Export Data, valuation of petrochemical export from Japan in 2023 - 60 billion US dollars.

Top 5 Exports

• Cresol
• Ethylene oxide
• Benzene
• Butylene
• Epoxy resins

7. Belgium - According to the Belgium Export Data, the valuation of petrochemical export from Belgium in 2023 - 50 billion US dollars.

Top 5 Exports

• Nylon-66
• Acrylic fibers
• Surfactants
• Dyes and pigments
• Foam agents

8. France - According to the France Export Data, the valuation of petrochemical export from France in 2023 - 40 billion US dollars.

Top 5 Exports

• Hexene
• Polybutylene
• Butadiene
• Ethylene
• Propylene

9. Russia - According to the Russia Export Data, the valuation of petrochemical export from Russia in 2023 - 30 billion US dollars.

Top 5 Exports

• Ethylbenzene
• Butylene glycol
• Hexanol
• Propylene glycol
• Butanol

10. Kuwait - According to the Kuwait Export Data, the valuation of petrochemical export from Kuwait in 2023 - 20 billion US dollars.

Top 5 Exports

• Polyester
• Carbon fibers
• Benzaldehyde
• Aniline
• Phenol

FAQ's

Que. What is the top global petrochemical export of 2023?
Ans. Ethylene is the top global petrochemical export of 2023.

Que. What is the global petrochemical import value of 2023?
Ans. The global petrochemical import value of 2023 is 714 billion US dollars.

Que. Who is the top exporter of petrochemicals in 2023?
Ans. The United States is the top exporter of petrochemicals in 2023.

Que. Where can you get a detailed trade analysis of global petrochemical trade in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the global petrochemical trade in 2023.

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