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271220 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.48BRnk 1299 / 4648
2022
Top Exporter | Top Importer $1.12B | $308MChina | United States
2022
Product Complexity -0.011Rnk 2539 / 4653
2021 - 2022
Export Growth (CAGR) 15%Rnk 1105 / 4648
2022
Share of World Trade 0.01%Rnk 1299 / 4648

About

Overview This page contains the latest trade data of Paraffin wax containing <0.75% oil. In 2022, Paraffin wax containing <0.75% oil were the world's 1299th most traded product, with a total trade of $2.48B. Between 2021 and 2022 the exports of Paraffin wax containing <0.75% oil grew by 15%, from $2.15B to $2.48B. Trade in Paraffin wax containing <0.75% oil represent 0.01% of total world trade.

Paraffin wax containing <0.75% oil are a part of Petroleum Jelly.

Exports In 2022 the top exporters of Paraffin wax containing <0.75% oil  were China ($1.12B), Malaysia ($191M), Spain ($164M), Germany ($161M), and South Africa ($142M).

Imports In 2022 the top importers of Paraffin wax containing <0.75% oil were United States ($308M), Mexico ($285M), Germany ($251M), Poland ($204M), and Canada ($170M).

Ranking Paraffin wax containing <0.75% oil ranks 2539th in the Product Complexity Index (PCI).

Description Paraffin wax is used in many different products that need to be melted or softened. These products need a lower melting point than most waxes and fats. For example, paraffin wax can be used in candles, lipsticks, crayons, chewing gum, and wax paper.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Paraffin wax containing <0.75% oil. 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)China$1.12B
Top Destination (2022)United States$308M

In 2022 Paraffin wax containing <0.75% oil were the world's 1299th most traded product (out of 4,648).

In 2022, the top exporters of Paraffin wax containing <0.75% oil were China ($1.12B), Malaysia ($191M), Spain ($164M), Germany ($161M), and South Africa ($142M).

In 2022, the top importers of Paraffin wax containing <0.75% oil were United States ($308M), Mexico ($285M), Germany ($251M), Poland ($204M), and Canada ($170M).

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Exporters of Paraffin wax containing <0.75% oil (2022)
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Importers of Paraffin wax containing <0.75% oil (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$215M
Top Destination Growth (2021 -  2022)Canada$62M

Between 2021 and 2022, the exports of Paraffin wax containing <0.75% oil grew the fastest in China ($215M), Spain ($73.1M), Netherlands ($49M), Malaysia ($41.5M), and Egypt ($21.3M).

Between 2021 and 2022, the fastest growing importers of Paraffin wax containing <0.75% oil were Canada ($62M), Poland ($47.5M), Italy ($41.7M), Germany ($37.1M), and United States ($36.4M).

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Exporters of Paraffin wax containing <0.75% oil (2021 - 2022)

Importers of Paraffin wax containing <0.75% oil (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Paraffin wax containing <0.75% oil.

In 2022, market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Paraffin wax containing <0.75% oil are explained by 9 countries.

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Value of Exports in Paraffin wax containing <0.75% oil

Net Trade

TOP NET EXPORTER (2022)China$1.09B
TOP NET IMPORTER (2022)Mexico$285M

This map shows which countries export or import more of Paraffin wax containing <0.75% oil. Each country is colored based on the difference in exports and imports of Paraffin wax containing <0.75% oil during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Paraffin wax containing <0.75% oil were China ($1.09B), Malaysia ($183M), South Africa ($118M), Spain ($107M), and Egypt ($78.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Paraffin wax containing <0.75% oil were Mexico ($285M), United States ($256M), Poland ($191M), Canada ($143M), and Germany ($90.2M).

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 Paraffin wax containing <0.75% oil.
It is possible to select the main countries that export or import Paraffin wax containing <0.75% oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Paraffin wax containing <0.75% oil 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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