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271290 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.06BRnk 1457 / 4648
2022
Top Exporter | Top Importer $332M | $210MUnited States | Canada
2022
Product Complexity -0.15Rnk 2735 / 4653
2021 - 2022
Export Growth (CAGR) -3.96%Rnk 3475 / 4648
2022
Share of World Trade 0.0087%Rnk 1457 / 4648

About

Overview This page contains the latest trade data of Mineral waxes nes. In 2022, Mineral waxes nes were the world's 1457th most traded product, with a total trade of $2.06B. Between 2021 and 2022 the exports of Mineral waxes nes decreased by -3.96%, from $2.15B to $2.06B. Trade in Mineral waxes nes represent 0.0087% of total world trade.

Mineral waxes nes are a part of Petroleum Jelly.

Exports In 2022 the top exporters of Mineral waxes nes  were United States ($332M), Netherlands ($172M), Germany ($150M), China ($134M), and Canada ($116M).

Imports In 2022 the top importers of Mineral waxes nes were Canada ($210M), United States ($195M), Germany ($185M), Poland ($161M), and Netherlands ($154M).

Ranking Mineral waxes nes ranks 2735th in the Product Complexity Index (PCI).

Description Mineral waxes are used to coat surfaces of metal, wood, or stone to protect them from moisture and corrosion. Mineral waxes are often used in cosmetics to create a barrier to the skin, and in the candle industry to create a protective layer on the surface of the wax.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Mineral 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 (2022)United States$332M
Top Destination (2022)Canada$210M

In 2022 Mineral waxes nes were the world's 1457th most traded product (out of 4,648).

In 2022, the top exporters of Mineral waxes nes were United States ($332M), Netherlands ($172M), Germany ($150M), China ($134M), and Canada ($116M).

In 2022, the top importers of Mineral waxes nes were Canada ($210M), United States ($195M), Germany ($185M), Poland ($161M), and Netherlands ($154M).

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Exporters of Mineral waxes nes (2022)
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Importers of Mineral waxes nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$65.5M
Top Destination Growth (2021 -  2022)Germany$54.5M

Between 2021 and 2022, the exports of Mineral waxes nes grew the fastest in United States ($65.5M), Netherlands ($35.5M), China ($33.8M), Singapore ($33M), and Egypt ($32.4M).

Between 2021 and 2022, the fastest growing importers of Mineral waxes nes were Germany ($54.5M), Canada ($34.4M), Japan ($27.7M), Netherlands ($26.1M), and Mexico ($22.5M).

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Exporters of Mineral waxes nes (2021 - 2022)

Importers of Mineral waxes nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mineral waxes nes.

In 2022, market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Mineral waxes nes are explained by 23 countries.

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Value of Exports in Mineral waxes nes

Net Trade

TOP NET EXPORTER (2022)United States$137M
TOP NET IMPORTER (2022)India$110M

This map shows which countries export or import more of Mineral waxes nes. Each country is colored based on the difference in exports and imports of Mineral waxes nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Mineral waxes nes were United States ($137M), Singapore ($95.4M), Russia ($83.9M), China ($79.1M), and Thailand ($71.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Mineral waxes nes were India ($110M), Poland ($101M), Canada ($93.6M), Mexico ($59M), and Japan ($42.3M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Mineral 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 (2022)

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