HS Icon Petroleum Resins in  Flag India

2021
Exports | Imports
: $83.2M | $219M, World Rnk 16 / 113
Flag Rnk 450 / 1214 | World Rnk 11 / 198
Flag Rnk 265 / 1208

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $8.57M | $41M, United States |  China

2021
ECONOMIC COMPLEXITY of India
: 0.61, Rnk 41 / 131

2021
PRODUCT COMPLEXITY IN Petroleum Resins
: 1.49, Rnk 53 / 1029

Exports In 2021, India exported $83.2M in Petroleum Resins, making it the 16th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 450th most exported product in India. The main destination of Petroleum Resins exports from India are: Belgium ($17M), United States ($16.5M), China ($10.8M), Japan ($8.02M), and Germany ($6.2M).

The fastest growing export markets for Petroleum Resins of India between 2020 and 2021 were United States ($8.57M), China ($5.62M), and Belgium ($3.46M).

Imports In 2021, India imported $219M in Petroleum Resins, becoming the 11th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 265th most imported product in India. India imports Petroleum Resins primarily from: China ($81.8M), Japan ($27M), South Korea ($22.9M), Germany ($19.3M), and Thailand ($18.5M).

The fastest growing import markets in Petroleum Resins for India between 2020 and 2021 were China ($41M), Japan ($8M), and South Korea ($7.93M).

Tariffs In 2018, the average tariff for India in Petroleum Resins was 6.14%. The countries with the highest import tariffs for Petroleum Resins were Angola (Most Favoured Nation duty rate treatment, 7.5%), Botswana (Most Favoured Nation duty rate treatment, 7.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 7.5%), Cameroon (Most Favoured Nation duty rate treatment, 7.5%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 7.5%).

Mar 2023

Subnational Monthly Trade

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The following visualization shows the latest trends on Petroleum Resins. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $83.2M

IMPORTS (2021): $219M

NET TRADE (2021): -$135M

In 2021, India exported $83.2M in Petroleum Resins. The main destinations of India exports on Petroleum Resins were Belgium ($17M), United States ($16.5M), China ($10.8M), Japan ($8.02M), and Germany ($6.2M).

In 2021, India imported $219M in Petroleum Resins, mainly from China ($81.8M), Japan ($27M), South Korea ($22.9M), Germany ($19.3M), and Thailand ($18.5M).

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THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR India WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY India WERE (2020 - 2021):

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Market Concentration

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In 2021, India's main exporting competitors in Petroleum Resins were:

In 2021, India's main importing competitors in Petroleum Resins were:

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