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Methanol: top exporters and importers (2024)

In 2024, world trade in methanol totaled $12.9 billion (39.9 million tonnes). The top exporters were Trinidad and Tobago (15%), Oman (12%) and Saudi Arabia (12%); the top importers were China (30%), the Netherlands (7%) and India (7%). Compared with 2019, the value rose 17%.

Summary

World trade
$12.9billion
Tonnes
39.9million tonnes
Price per tonne
$323
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Trinidad and Tobago$1.9 billion · 14.9%
    see destinations
  2. Oman$1.6 billion · 12.4%
    see destinations
  3. Saudi Arabia$1.6 billion · 12.3%
    see destinations
  4. United States$1.2 billion · 9.4%
  5. United Arab Emirates$932 million · 7.2%
  6. Iran$886 million · 6.9%
  7. Malaysia$501 million · 3.9%
  8. Netherlands$490 million · 3.8%
    re-exports
  9. Venezuela$445 million · 3.4%
  10. Chile$378 million · 2.9%
  11. Belgium$303 million · 2.3%
    re-exports
  12. Russia$280 million · 2.2%
  13. Egypt$258 million · 2%
  14. Qatar$238 million · 1.8%
  15. Equatorial Guinea$225 million · 1.7%
  16. Brunei$205 million · 1.6%
  17. New Zealand$192 million · 1.5%
  18. Germany$179 million · 1.4%
  19. Azerbaijan$148 million · 1.1%
  20. Canada$143 million · 1.1%

World supply

Trinidad and Tobago went from 7.9% to 14.9% of world exports of methanol

In 2024, Trinidad and Tobago accounted for 14.9% of recorded world exports and the three largest exporters together for 39.6%. HHI: 795 out of 10,000; equivalent to 13 exporters of the same size.

Share of recorded exports, not of production: a country that produces a lot and consumes almost all of it may export little

Trend in supply

Share of world exports of the largest exporter and of the three largest

Share (%)

  • Largest exporter each year 14.9%
  • Three largest 39.6%

Source: CEPII BACI

Show the numbers
Year19952024
Largest exporter each year15.5%14.9%
Three largest41.4%39.6%

Countries where Trinidad and Tobago sells more than half of what they buy

Countries that buy more than half of this product from its largest exporter, with its share.

Top importers

  1. China$3.9 billion · 29.8%
    see sources
  2. Netherlands$962 million · 7.4%
    re-exports
  3. India$876 million · 6.8%
  4. Brazil$683 million · 5.3%
  5. South Korea$667 million · 5.2%
  6. Germany$645 million · 5%
  7. Japan$472 million · 3.7%
  8. Belgium$423 million · 3.3%
    re-exports
  9. Taiwan$391 million · 3%
  10. United States$388 million · 3%
  11. Indonesia$378 million · 2.9%
  12. France$235 million · 1.8%
  13. Thailand$230 million · 1.8%
  14. Poland$228 million · 1.8%
  15. Spain$211 million · 1.6%
  16. Malaysia$206 million · 1.6%
  17. Singapore$196 million · 1.5%
    re-exports
  18. Turkey$167 million · 1.3%
  19. United Kingdom$156 million · 1.2%
  20. Italy$124 million · 0.96%

Trend

Who sells it

Trinidad and Tobago has been the top exporter since 2021

Value in USD billions. The five largest exporters in 2024.

  • Trinidad and Tobago 1.9
  • Oman 1.6
  • Saudi Arabia 1.6
  • United States 1.2
  • United Arab Emirates 0.93

Source: CEPII BACI

Show the numbers
Country19952024
Trinidad and Tobago0.221.9
Oman01.6
Saudi Arabia0.431.6
United States0.071.2
United Arab Emirates0.010.93

Price

Implied price

The price per tonne rose 33% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $323

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$243
1996$148
1997$190
1998$124
1999$83
2000$152
2001$184
2002$149
2003$235
2004$244
2005$259
2006$317
2007$328
2008$445
2009$258
2010$314
2011$370
2012$378
2013$429
2014$408
2015$330
2016$235
2017$317
2018$380
2019$298
2020$251
2021$391
2022$343
2023$312
2024$323

What it includes

  • 290511 · subheading of heading 2905: Alcohols

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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