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Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, similar products obtained by synthesis, other processes; coloured or not

2712 (Harmonized System 1992 for 4-digit)

2022
World Trade $4.98BRnk 560 / 1218
2022
Top Exporter | Top Importer $1.26B | $522MChina | United States
2022
Product Complexity -0.34Rnk 666 / 1033
2021 - 2022
Export Growth (CAGR) 5.07%Rnk 619 / 1218
2022
Share of World Trade 0.021%Rnk 560 / 1218

About

Overview This page contains the latest trade data of Petroleum Jelly. In 2022, Petroleum Jelly were the world's 560th most traded product, with a total trade of $4.98B. Between 2021 and 2022 the exports of Petroleum Jelly grew by 5.07%, from $4.74B to $4.98B. Trade in Petroleum Jelly represent 0.021% of total world trade.

Petroleum Jelly are a part of Mineral fuels, mineral oils and products of their distillation. They include Mineral waxes nes, Paraffin wax containing <0.75% oil, and Petroleum jelly.

Exports In 2022 the top exporters of Petroleum Jelly  were China ($1.26B), United States ($466M), Germany ($381M), Netherlands ($337M), and Malaysia ($266M).

Imports In 2022 the top importers of Petroleum Jelly were United States ($522M), Germany ($447M), Canada ($398M), Poland ($373M), and Mexico ($356M).

Ranking Petroleum Jelly ranks 666th in the Product Complexity Index (PCI).

Description Petroleum jelly is a semisolid mixture of hydrocarbons obtained from petroleum. It is used to soothe dry skin, to reduce the appearance of wrinkles and fine lines, and to protect skin from the drying effects of wind and cold weather. Paraffin wax is a white, odorless, tasteless wax obtained from petroleum. It is used in candle-making, as a protective coating for fruit and vegetables, and as a polishing agent. Microcrystalline petroleum wax is a wax obtained from petroleum by distillation. It is used in candle-making and as a protective coating for fruit and vegetables. Slack wax is a soft, waxy substance obtained from petroleum. It is used in candle-making. Ozokerite is a hard, white wax obtained from petroleum. It is used in candle-making and as a protective coating for fruit and vegetables. Lignite wax is a brownish-yellow wax obtained from lignite coal. It is used in candle-making. Peat wax is a brownish-yellow wax obtained from peat moss. It is used in candle-making. Other mineral waxes are obtained by synthesis or by other processes, whether or not coloured. They are used in

Latest Trends

Latest Data

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The following visualization shows the latest trends on Petroleum Jelly. 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$1.26B
Top Destination (2022)United States$522M

In 2022 Petroleum Jelly were the world's 560th most traded product (out of 1,218).

In 2022, the top exporters of Petroleum Jelly were China ($1.26B), United States ($466M), Germany ($381M), Netherlands ($337M), and Malaysia ($266M).

In 2022, the top importers of Petroleum Jelly were United States ($522M), Germany ($447M), Canada ($398M), Poland ($373M), and Mexico ($356M).

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Exporters of Petroleum Jelly (2022)
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Importers of Petroleum Jelly (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$249M
Top Destination Growth (2021 -  2022)Canada$97.8M

Between 2021 and 2022, the exports of Petroleum Jelly grew the fastest in China ($249M), Netherlands ($88.7M), Spain ($87.7M), United States ($74.8M), and Egypt ($53.9M).

Between 2021 and 2022, the fastest growing importers of Petroleum Jelly were Canada ($97.8M), Germany ($90.4M), Netherlands ($69.4M), Italy ($64.6M), and Mexico ($49M).

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Exporters of Petroleum Jelly (2021 - 2022)

Importers of Petroleum Jelly (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum Jelly.

In 2022, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Petroleum Jelly are explained by 19 countries.

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Value of Exports in Petroleum Jelly

Net Trade

TOP NET EXPORTER (2022)China$1.16B
TOP NET IMPORTER (2022)Mexico$354M

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

In 2022, the countries that had a largest trade value in exports than in imports of Petroleum Jelly were China ($1.16B), Malaysia ($219M), Spain ($150M), Egypt ($130M), and South Africa ($120M).

In 2022, the countries that had a largest trade value in imports than in exports of Petroleum Jelly were Mexico ($354M), Poland ($299M), Canada ($247M), Vietnam ($100M), and Germany ($66.5M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Petroleum Jelly, disaggragated by their HS6 level were Paraffin wax containing <0.75% oil ($2.48B), Mineral waxes nes ($2.06B), and Petroleum jelly ($444M)

HS6 Disaggregation for Petroleum Jelly (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 Petroleum Jelly.
It is possible to select the main countries that export or import Petroleum Jelly in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Petroleum Jelly by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $7.63M
TOP IMPORT POTENTIALChina+ $13.8M

Petroleum Jelly’s highest export potential is India. With an export gap of $7.63M.  Petroleum Jelly’s highest import potential is China with an import gap of $13.8M.

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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 Petroleum Jelly.

Country by Relatedness

The following visualization shows the relatedness of Petroleum Jelly 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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