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340490 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.1BRnk 1097 / 4644
2023
Top Exporter | Top Importer $518M | $447MGermany | China
2023
Product Complexity 0.66Rnk 1366 / 4656
2022 - 2023
Export Growth (CAGR) -18.2%Rnk 3531 / 4644
2023
Share of World Trade 0.014%Rnk 1097 / 4644

About

Overview This page contains the latest trade data of Artificial and prepared waxes, nes. In 2023, Artificial and prepared waxes, nes were the world's 1097th most traded product, with a total trade of $3.1B. Between 2022 and 2023 the exports of Artificial and prepared waxes, nes decreased by -18.2%, from $3.78B to $3.1B. Trade in Artificial and prepared waxes, nes represent 0.014% of total world trade.

Artificial and prepared waxes, nes are a part of Waxes.

Exports In 2023 the top exporters of Artificial and prepared waxes, nes  were Germany ($518M), United States ($432M), China ($342M), Malaysia ($193M), and Denmark ($173M).

Imports In 2023 the top importers of Artificial and prepared waxes, nes were China ($447M), United States ($230M), Germany ($174M), Italy ($144M), and Netherlands ($130M).

Ranking Artificial and prepared waxes, nes ranks 1366th in the Product Complexity Index (PCI).

Description Artificial waxes can be used as a substitute for beeswax in cosmetics, as an ingredient in car wax, or as a paint sealant. Beeswax is often used in cosmetics, as a furniture wax, shoe polish, or in candles. Beeswax is also used in the production of honey.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Artificial and prepared waxes, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$518M
Top Destination (2023)China$447M

In 2023 Artificial and prepared waxes, nes were the world's 1097th most traded product (out of 4,644).

In 2023, the top exporters of Artificial and prepared waxes, nes were Germany ($518M), United States ($432M), China ($342M), Malaysia ($193M), and Denmark ($173M).

In 2023, the top importers of Artificial and prepared waxes, nes were China ($447M), United States ($230M), Germany ($174M), Italy ($144M), and Netherlands ($130M).

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Exporters of Artificial and prepared waxes, nes (2023)
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Importers of Artificial and prepared waxes, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$11.8M
Top Destination Growth (2022 -  2023)Czechia$10.3M

Between 2022 and 2023, the exports of Artificial and prepared waxes, nes grew the fastest in France ($11.8M), Belarus ($11.5M), Czechia ($7.64M), Canada ($3.85M), and South Africa ($1.32M).

Between 2022 and 2023, the fastest growing importers of Artificial and prepared waxes, nes were Czechia ($10.3M), Cote d'Ivoire ($7.13M), Democratic Republic of the Congo ($4.85M), Lithuania ($2.41M), and Algeria ($1.96M).

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Exporters of Artificial and prepared waxes, nes (2022 - 2023)

Importers of Artificial and prepared waxes, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Artificial and prepared waxes, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Artificial and prepared waxes, nes are explained by 20 countries.

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Value of Exports in Artificial and prepared waxes, nes

Net Trade

TOP NET EXPORTER (2023)Germany$344M
TOP NET IMPORTER (2023)China$105M

This map shows which countries export or import more of Artificial and prepared waxes, nes. Each country is colored based on the difference in exports and imports of Artificial and prepared waxes, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Artificial and prepared waxes, nes were Germany ($344M), United States ($202M), Malaysia ($170M), Denmark ($161M), and Indonesia ($49.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Artificial and prepared waxes, nes were China ($105M), Turkey ($74.8M), Mexico ($68.7M), India ($55M), and Vietnam ($53.3M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Artificial and prepared waxes, nes.
It is possible to select the main countries that export or import Artificial and prepared waxes, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Artificial and prepared waxes, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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