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381400 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.31BRnk 1362 / 4648
2022
Top Exporter | Top Importer $300M | $101MGermany | China
2022
Product Complexity -0.26Rnk 2898 / 4653
2021 - 2022
Export Growth (CAGR) 4.66%Rnk 2269 / 4648
2022
Share of World Trade 0.0098%Rnk 1362 / 4648

About

Overview This page contains the latest trade data of Organic composite solvents, paint, varnish remover et. In 2022, Organic composite solvents, paint, varnish remover et were the world's 1362nd most traded product, with a total trade of $2.31B. Between 2021 and 2022 the exports of Organic composite solvents, paint, varnish remover et grew by 4.66%, from $2.21B to $2.31B. Trade in Organic composite solvents, paint, varnish remover et represent 0.0098% of total world trade.

Organic composite solvents, paint, varnish remover et are a part of Organic Composite Solvents.

Exports In 2022 the top exporters of Organic composite solvents, paint, varnish remover et  were Germany ($300M), United States ($278M), Italy ($166M), South Korea ($163M), and Netherlands ($136M).

Imports In 2022 the top importers of Organic composite solvents, paint, varnish remover et were China ($101M), United States ($95M), Vietnam ($89.2M), Germany ($87.1M), and Mexico ($82.5M).

Ranking Organic composite solvents, paint, varnish remover et ranks 2898th in the Product Complexity Index (PCI).

Description Organic composite solvents are used in paints and varnishes as a diluent and thinner to make them easier to apply. Paint and varnish removers are used to remove these coatings from surfaces.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Organic composite solvents, paint, varnish remover et. 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, paint, varnish remover et were the world's 1362nd most traded product (out of 4,648).

In 2022, the top exporters of Organic composite solvents, paint, varnish remover et were Germany ($300M), United States ($278M), Italy ($166M), South Korea ($163M), and Netherlands ($136M).

In 2022, the top importers of Organic composite solvents, paint, varnish remover et 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, paint, varnish remover et (2022)
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Importers of Organic composite solvents, paint, varnish remover et (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, paint, varnish remover et 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, paint, varnish remover et 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, paint, varnish remover et (2021 - 2022)

Importers of Organic composite solvents, paint, varnish remover et (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Organic composite solvents, paint, varnish remover et.

In 2022, market concentration measured using Shannon Entropy, was 4.89. This means that most of the exports of Organic composite solvents, paint, varnish remover et are explained by 29 countries.

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Value of Exports in Organic composite solvents, paint, varnish remover et

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, paint, varnish remover et. Each country is colored based on the difference in exports and imports of Organic composite solvents, paint, varnish remover et during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Organic composite solvents, paint, varnish remover et 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, paint, varnish remover et 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, paint, varnish remover et.
It is possible to select the main countries that export or import Organic composite solvents, paint, varnish remover et in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Organic composite solvents, paint, varnish remover et 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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