HS Code:
Xylenes (HS Code: 290241) are aromatic hydrocarbons primarily used as solvents and in the production of terephthalic acid and phthalic anhydride for polyester and plastic manufacturing. They exist in three isomeric forms: ortho-xylene, meta-xylene, and para-xylene, with para-xylene being the most commercially significant due to its role in producing polyethylene terephthalate (PET) for bottles and fibers. Xylenes are derived from crude oil refining and catalytic reforming processes, and their trade is closely tied to the petrochemical and plastics industries.
Total Trade Volume
Approximately $15 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$3.2 billion USD
21.3% of global trade of total trade
Increasing
$2.8 billion USD
18.7% of global trade of total trade
Stable
$1.9 billion USD
12.7% of global trade of total trade
Increasing
$1.5 billion USD
10.0% of global trade of total trade
Stable
$1.3 billion USD
8.7% of global trade of total trade
Increasing
Average Rate
3.5% ad valorem
Highest Rate
10% (imposed by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Singapore FTA)
Rising demand for para-xylene in PET production
Increased exports from Asia-Pacific refineries to meet global packaging and textile needs
2021-2023
Shift towards sustainable alternatives
Growing interest in bio-based aromatics may reduce long-term xylene demand
2022-2023
Volatility in crude oil prices
Fluctuating production costs affect xylene pricing and trade competitiveness
2020-2023
Major petrochemical companies in South Korea announced new refining units to boost para-xylene output by 15%, targeting growing Asian demand.
March 2023
Likely to solidify South Korea's position as the leading exporter, potentially pressuring prices downward.
New regulations on volatile organic compounds (VOCs) in the EU have increased compliance costs for xylene importers and handlers.
July 2023
May reduce EU imports or shift sourcing to suppliers with greener production methods.
Recent negotiations have led to reduced retaliatory tariffs on petrochemicals, including xylenes, between the US and China.
September 2023
Expected to increase bilateral trade volume and stabilize prices in the short term.