HS Icon Paraffin wax containing <0.75% oil

271220 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Paraffin wax containing <0.75% oil. In 2020, Paraffin wax containing <0.75% oil were the world's 1605th most traded product, with a total trade of $1.35B. Between 2019 and 2020 the exports of Paraffin wax containing <0.75% oil decreased by -4.31%, from $1.41B to $1.35B. Trade in Paraffin wax containing <0.75% oil represent 0.0081% of total world trade.

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

Exports In 2020 the top exporters of Paraffin wax containing <0.75% oil  were China ($489M), South Africa ($191M), Germany ($146M), Malaysia ($99M), and Japan ($54.1M).

Imports In 2020 the top importers of Paraffin wax containing <0.75% oil were United States ($208M), Germany ($151M), Mexico ($143M), Poland ($79.1M), and Brazil ($54.1M).

Tariffs In 2018 the average tariff for Paraffin wax containing <0.75% oil was 4.24%, making it the 4845th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Paraffin wax containing <0.75% oil are Cambodia (35%), Bermuda (25%), Bangladesh (24.5%), and Cayman Islands (22%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking Paraffin wax containing <0.75% oil ranks 2561st 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.

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $489M

Top Destination (2020): United States, $208M

Paraffin wax containing <0.75% oil are the world's 1605th most traded product.

In 2020, the top exporters of Paraffin wax containing <0.75% oil were China ($489M), South Africa ($191M), Germany ($146M), Malaysia ($99M), and Japan ($54.1M).

In 2020, the top importers of Paraffin wax containing <0.75% oil were United States ($208M), Germany ($151M), Mexico ($143M), Poland ($79.1M), and Brazil ($54.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): South Africa, $48.1M

Top Destination Growth (2019 - 2020): Brazil, $42.5M

Between 2019 and 2020, the exports of Paraffin wax containing <0.75% oil grew the fastest in South Africa ($48.1M), United States ($9.72M), United Kingdom ($5.11M), United Arab Emirates ($1.91M), and Guatemala ($1.89M).

Between 2019 and 2020, the fastest growing importers of Paraffin wax containing <0.75% oil were Brazil ($42.5M), China ($10.7M), Singapore ($8.09M), Canada ($7.33M), and Ukraine ($5.36M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Paraffin wax containing <0.75% oil are explained by 10 countries.

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TOP NET EXPORTER (2020): China, $438M

TOP NET IMPORTER (2020): United States, $157M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Paraffin wax containing <0.75% oil were China ($438M), South Africa ($182M), Malaysia ($93.2M), Egypt ($44.5M), and Chinese Taipei ($32.6M).

In 2020, the countries that had a largest trade value in imports than in exports of Paraffin wax containing <0.75% oil were United States ($157M), Mexico ($143M), Poland ($65.7M), Brazil ($53.2M), and Vietnam ($39.9M).

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.

Product Complexity

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Diversification Frontier

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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.