Glues3506 (Harmonized System 1992 for 4-digit)
2020 World Trade: $11.7B, Rnk 273 / 1217
2020 Top Exporter | Top Importer: $2.1B | $1.23B, Germany | China
2020 Product Complexity: 1.17, Rnk 123 / 1028
2019 - 2020 Export Growth (CAGR): -2.24%, Rnk 416 / 1217
2018 Mean Tariff: 8.59%, Rnk 498 / 1259
2020 Share of World Trade: 0.07%, Rnk 273 / 1217
Overview This page contains the latest trade data of Glues. In 2020, Glues were the world's 273rd most traded product, with a total trade of $11.7B. Between 2019 and 2020 the exports of Glues decreased by -2.24%, from $11.9B to $11.7B. Trade in Glues represent 0.07% of total world trade.
Glues are a part of Glues, starches, & albuminoid products. They include Adhesives based on rubber or plastic, package >1 kg, Glues and adhesives of all kinds, package <1 kg, and Glues or adhesives, prepared nes, package > 1kg.
Exports In 2020 the top exporters of Glues were Germany ($2.1B), China ($1.98B), United States ($1.41B), South Korea ($617M), and Japan ($608M).
Imports In 2020 the top importers of Glues were China ($1.23B), Germany ($657M), Vietnam ($564M), United States ($466M), and Poland ($440M).
Tariffs In 2018 the average tariff for Glues was 8.59%, making it the 498th lowest tariff using the HS4 product classification.
Ranking Glues ranks 123rd in the Product Complexity Index (PCI).
Description Prepared glues and other prepared adhesives are commonly used in construction, engineering, and home improvement. Glues and adhesives are also used in automotive repair, carpet installation, and furniture assembly.
The following visualization shows the latest trends on Glues. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Glues are the world's 273rd most traded product.
In 2020, the top exporters of Glues were Germany ($2.1B), China ($1.98B), United States ($1.41B), South Korea ($617M), and Japan ($608M).
In 2020, the top importers of Glues were China ($1.23B), Germany ($657M), Vietnam ($564M), United States ($466M), and Poland ($440M).
Trade by country
Top Origin Growth (2019 - 2020): South Korea, $60.7M
Top Destination Growth (2019 - 2020): China, $130M
Between 2019 and 2020, the exports of Glues grew the fastest in South Korea ($60.7M), Singapore ($35.4M), Poland ($27M), United Kingdom ($10.1M), and Hungary ($6.82M).
Between 2019 and 2020, the fastest growing importers of Glues were China ($130M), Thailand ($33.3M), Chinese Taipei ($18.8M), Ghana ($11.7M), and Vietnam ($11.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Glues.
In 2020, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Glues are explained by 19 countries.
This map shows which countries export or import more of Glues. Each country is colored based on the difference in exports and imports of Glues during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Glues were Germany ($1.44B), United States ($940M), China ($754M), Japan ($452M), and South Korea ($353M).
In 2020, the countries that had a largest trade value in imports than in exports of Glues were Vietnam ($487M), Mexico ($313M), Canada ($282M), Hong Kong ($276M), and Russia ($251M).
In 2020, the world most traded Glues, disaggragated by their HS6 level were Adhesives based on rubber or plastic,... ($7.28B), Glues and adhesives of all kinds,... ($2.81B), and Glues or adhesives, prepared nes, package... ($1.56B)
This visualization shows the countries that have an important ratio of their trade related to Glues. It is possible to select the main countries that export or import Glues in the world, or by continent, as well as select the measure of interest.
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.
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