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Pricing

Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints, varnishes; putty, other mastics; inks

32 (Harmonized System 1992 for 2-digit)

2022
World Trade $91.3BRnk 41 / 96
2022
Top Exporter | Top Importer $13B | $5.95BGermany | United States
2022
Product Complexity 1.1Rnk 14 / 96
2021 - 2022
Export Growth (CAGR) -1.93%Rnk 78 / 96
2022
Share of World Trade 0.39%Rnk 41 / 96

About

Overview This page contains the latest trade data of Paints, dyes, & varnishes. In 2022, Paints, dyes, & varnishes were the world's 41st most traded product, with a total trade of $91.3B. Between 2021 and 2022 the exports of Paints, dyes, & varnishes decreased by -1.93%, from $93.1B to $91.3B. Trade in Paints, dyes, & varnishes represent 0.39% of total world trade.

Paints, dyes, & varnishes are a part of Chemical Products. They include Synthetic Coloring Matter, Nonaqueous Paints, Other Coloring Matter, Ink, Glaziers Putty, Aqueous Paints, Prepared Pigments, Nonaqueous Pigments, Vegetable or Animal Dyes, and Other Paints, among others.

Exports In 2022 the top exporters of Paints, dyes, & varnishes  were Germany ($13B), China ($11.5B), United States ($8.63B), Japan ($4.8B), and Netherlands ($3.97B).

Imports In 2022 the top importers of Paints, dyes, & varnishes were United States ($5.95B), Germany ($5.41B), China ($4.84B), France ($3.74B), and Italy ($3.19B).

Ranking Paints, dyes, & varnishes ranks 14th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Paints, dyes, & varnishes. 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$13B
Top Destination (2022)United States$5.95B

In 2022 Paints, dyes, & varnishes were the world's 41st most traded product (out of 96).

In 2022, the top exporters of Paints, dyes, & varnishes were Germany ($13B), China ($11.5B), United States ($8.63B), Japan ($4.8B), and Netherlands ($3.97B).

In 2022, the top importers of Paints, dyes, & varnishes were United States ($5.95B), Germany ($5.41B), China ($4.84B), France ($3.74B), and Italy ($3.19B).

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Exporters of Paints, dyes, & varnishes (2022)
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Importers of Paints, dyes, & varnishes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$612M
Top Destination Growth (2021 -  2022)United States$632M

Between 2021 and 2022, the exports of Paints, dyes, & varnishes grew the fastest in China ($612M), United States ($584M), Turkey ($334M), United Arab Emirates ($191M), and Canada ($148M).

Between 2021 and 2022, the fastest growing importers of Paints, dyes, & varnishes were United States ($632M), Mexico ($409M), Canada ($347M), Turkey ($264M), and Kuwait ($212M).

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Exporters of Paints, dyes, & varnishes (2021 - 2022)

Importers of Paints, dyes, & varnishes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Paints, dyes, & varnishes.

In 2022, market concentration measured using Shannon Entropy, was 4.76. This means that most of the exports of Paints, dyes, & varnishes are explained by 27 countries.

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Value of Exports in Paints, dyes, & varnishes

Net Trade

TOP NET EXPORTER (2022)Germany$7.59B
TOP NET IMPORTER (2022)Vietnam$1.66B

This map shows which countries export or import more of Paints, dyes, & varnishes. Each country is colored based on the difference in exports and imports of Paints, dyes, & varnishes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Paints, dyes, & varnishes were Germany ($7.59B), China ($6.67B), Japan ($3.45B), United States ($2.68B), and Spain ($1.41B).

In 2022, the countries that had a largest trade value in imports than in exports of Paints, dyes, & varnishes were Vietnam ($1.66B), Mexico ($1.61B), Canada ($1.52B), Russia ($1.22B), and Turkey ($1.15B).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Paints, dyes, & varnishes, disaggragated by their HS6 level were Nonaqueous Paints ($16.9B), Other Coloring Matter ($16.8B), Synthetic Coloring Matter ($14.4B), Ink ($12.1B), and Glaziers Putty ($10.9B)

HS6 Disaggregation for Paints, dyes, & varnishes (2022)
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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 Paints, dyes, & varnishes.
It is possible to select the main countries that export or import Paints, dyes, & varnishes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Paints, dyes, & varnishes by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $146M
TOP IMPORT POTENTIALChina+ $185M

Paints, dyes, & varnishes’s highest export potential is China. With an export gap of $146M.  Paints, dyes, & varnishes’s highest import potential is China with an import gap of $185M.

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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)

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