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Lac; natural gums, resins, gum-resins and oleoresins (for example, balsams)

1301 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.13BRnk 907 / 1217
2023
Top Exporter | Top Importer $220M | $274MFrance | India
2023
Product Complexity -2.54Rnk 1036 / 1044
2022 - 2023
Export Growth (CAGR) -8.34%Rnk 691 / 1217
2023
Share of World Trade 0.005%Rnk 907 / 1217

About

Overview This page contains the latest trade data of Insect Resins. In 2023, Insect Resins were the world's 907th most traded product, with a total trade of $1.13B. Between 2022 and 2023 the exports of Insect Resins decreased by -8.34%, from $1.24B to $1.13B. Trade in Insect Resins represent 0.005% of total world trade.

Insect Resins are a part of Natural gums, resins & other vegetable extracts. They include Natural gum, resin, gum-resin, balsam, not gum arabic, Gum arabic, and Lac.

Exports In 2023 the top exporters of Insect Resins  were France ($220M), Afghanistan ($156M), Sudan ($147M), India ($84.9M), and Indonesia ($62.5M).

Imports In 2023 the top importers of Insect Resins were India ($274M), France ($114M), United States ($110M), Germany ($63.5M), and China ($57.6M).

Ranking Insect Resins ranks 1036th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Insect Resins. 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)France$220M
Top Destination (2023)India$274M

In 2023 Insect Resins were the world's 907th most traded product (out of 1,217).

In 2023, the top exporters of Insect Resins were France ($220M), Afghanistan ($156M), Sudan ($147M), India ($84.9M), and Indonesia ($62.5M).

In 2023, the top importers of Insect Resins were India ($274M), France ($114M), United States ($110M), Germany ($63.5M), and China ($57.6M).

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Exporters of Insect Resins (2023)
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Importers of Insect Resins (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Afghanistan$29.6M
Top Destination Growth (2022 -  2023)Switzerland$10.6M

Between 2022 and 2023, the exports of Insect Resins grew the fastest in Afghanistan ($29.6M), France ($21.4M), Mali ($13.2M), Austria ($5.88M), and Sweden ($3.46M).

Between 2022 and 2023, the fastest growing importers of Insect Resins were Switzerland ($10.6M), Germany ($8.42M), India ($8.02M), Poland ($6.34M), and Slovakia ($4.66M).

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Exporters of Insect Resins (2022 - 2023)

Importers of Insect Resins (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Insect Resins.

In 2023, market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Insect Resins are explained by 20 countries.

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Value of Exports in Insect Resins

Net Trade

TOP NET EXPORTER (2023)Afghanistan$155M
TOP NET IMPORTER (2023)India$189M

This map shows which countries export or import more of Insect Resins. Each country is colored based on the difference in exports and imports of Insect Resins during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Insect Resins were Afghanistan ($155M), Sudan ($146M), France ($106M), Indonesia ($56.8M), and Thailand ($32.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Insect Resins were India ($189M), United States ($87M), Portugal ($34.5M), China ($28.6M), and Germany ($23.3M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Insect Resins, disaggragated by their HS6 level were Natural gum, resin, gum-resin, balsam, not... ($627M) and Gum arabic ($506M)

HS6 Disaggregation for Insect Resins (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Insect Resins by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $8.5M
TOP IMPORT POTENTIALIndia+ $58k

Insect Resins’s highest export potential is India. With an export gap of $8.5M.  Insect Resins’s highest import potential is India with an import gap of $58k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Insect Resins to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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