HS Icon Petroleum Resins in  Flag United States

2021
Exports | Imports
: $1.15B | $567M, World Rnk 2 / 113
Flag Rnk 224 / 1216 | World Rnk 2 / 198
Flag Rnk 483 / 1215

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $34.6M | $26.8M, Mexico |  Austria

2021
ECONOMIC COMPLEXITY of United States
: 1.46, Rnk 10 / 131

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

Exports In 2021, United States exported $1.15B in Petroleum Resins, making it the 2nd largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 224th most exported product in United States. The main destination of Petroleum Resins exports from United States are: China ($184M), Mexico ($148M), Canada ($120M), Netherlands ($85.1M), and Belgium ($83.5M).

The fastest growing export markets for Petroleum Resins of United States between 2020 and 2021 were Mexico ($34.6M), Belgium ($22.3M), and Canada ($20.5M).

Imports In 2021, United States imported $567M in Petroleum Resins, becoming the 2nd largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 483rd most imported product in United States. United States imports Petroleum Resins primarily from: Germany ($129M), Japan ($86.7M), China ($68.6M), South Korea ($59.8M), and Canada ($43.5M).

The fastest growing import markets in Petroleum Resins for United States between 2020 and 2021 were Austria ($26.8M), Germany ($24.3M), and China ($23M).

Tariffs In 2019, the average tariff for United States in Petroleum Resins was 2.16%. The countries with the highest import tariffs for Petroleum Resins were Burundi (Most Favoured Nation duty rate treatment, 3.06%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 3.06%), Algeria (Most Favoured Nation duty rate treatment, 3.06%), Egypt (Most Favoured Nation duty rate treatment, 3.06%), and Eritrea (Most Favoured Nation duty rate treatment, 3.06%).

February 2023

Subnational Monthly Trade

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EXPORT GROWTH (February 2022 - February 2023): $-25.6M, (-21.2%)

IMPORT GROWTH (February 2022 - February 2023): $931k, (2%)

MAIN EXPORTER (February 2023): Ohio, $22M

MAIN DESTINATION (February 2023): Belgium, $17.3M

This section shows Petroleum Resins's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum Resins over time.

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Historical Data

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EXPORTS (2021): $1.15B

IMPORTS (2021): $567M

NET TRADE (2021): $580M

In 2021, United States exported $1.15B in Petroleum Resins. The main destinations of United States exports on Petroleum Resins were China ($184M), Mexico ($148M), Canada ($120M), Netherlands ($85.1M), and Belgium ($83.5M).

In 2021, United States imported $567M in Petroleum Resins, mainly from Germany ($129M), Japan ($86.7M), China ($68.6M), South Korea ($59.8M), and Canada ($43.5M).

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Flow

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

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

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Market Concentration

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

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

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