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Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers

3814 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.31BRnk 751 / 1218
2022
Top Exporter | Top Importer $300M | $101MGermany | China
2022
Product Complexity -0.22Rnk 627 / 1033
2021 - 2022
Export Growth (CAGR) 4.66%Rnk 633 / 1218
2022
Share of World Trade 0.0098%Rnk 751 / 1218

About

Overview This page contains the latest trade data of Organic Composite Solvents. In 2022, Organic Composite Solvents were the world's 751st most traded product, with a total trade of $2.31B. Between 2021 and 2022 the exports of Organic Composite Solvents grew by 4.66%, from $2.21B to $2.31B. Trade in Organic Composite Solvents represent 0.0098% of total world trade.

Organic Composite Solvents are a part of Chemical products n.e.s.. They include Organic composite solvents, paint, varnish remover et.

Exports In 2022 the top exporters of Organic Composite Solvents  were Germany ($300M), United States ($278M), Italy ($166M), South Korea ($163M), and Netherlands ($136M).

Imports In 2022 the top importers of Organic Composite Solvents were China ($101M), United States ($95M), Vietnam ($89.2M), Germany ($87.1M), and Mexico ($82.5M).

Ranking Organic Composite Solvents ranks 627th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Organic Composite Solvents. 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)Germany$300M
Top Destination (2022)China$101M

In 2022 Organic Composite Solvents were the world's 751st most traded product (out of 1,218).

In 2022, the top exporters of Organic Composite Solvents were Germany ($300M), United States ($278M), Italy ($166M), South Korea ($163M), and Netherlands ($136M).

In 2022, the top importers of Organic Composite Solvents were China ($101M), United States ($95M), Vietnam ($89.2M), Germany ($87.1M), and Mexico ($82.5M).

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Exporters of Organic Composite Solvents (2022)
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Importers of Organic Composite Solvents (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$63.1M
Top Destination Growth (2021 -  2022)Mexico$25.5M

Between 2021 and 2022, the exports of Organic Composite Solvents grew the fastest in United States ($63.1M), Kuwait ($32.9M), Italy ($24.9M), South Africa ($13.6M), and China ($13.6M).

Between 2021 and 2022, the fastest growing importers of Organic Composite Solvents were Mexico ($25.5M), Saudi Arabia ($18.7M), Kuwait ($17.6M), Ghana ($15M), and United Arab Emirates ($14.2M).

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Exporters of Organic Composite Solvents (2021 - 2022)

Importers of Organic Composite Solvents (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Organic Composite Solvents.

In 2022, market concentration measured using Shannon Entropy, was 4.89. This means that most of the exports of Organic Composite Solvents are explained by 29 countries.

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Value of Exports in Organic Composite Solvents

Net Trade

TOP NET EXPORTER (2022)Germany$213M
TOP NET IMPORTER (2022)Mexico$71.8M

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

In 2022, the countries that had a largest trade value in exports than in imports of Organic Composite Solvents were Germany ($213M), United States ($183M), South Korea ($124M), Italy ($104M), and Netherlands ($97.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Organic Composite Solvents were Mexico ($71.8M), Vietnam ($64.1M), Ukraine ($39.8M), Bangladesh ($38.5M), and Saudi Arabia ($37.9M).

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 Organic Composite Solvents.
It is possible to select the main countries that export or import Organic Composite Solvents in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Organic Composite Solvents by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $3.34M
TOP IMPORT POTENTIALGermany+ $3.16M

Organic Composite Solvents’s highest export potential is China. With an export gap of $3.34M.  Organic Composite Solvents’s highest import potential is Germany with an import gap of $3.16M.

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Organic Composite Solvents.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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