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Petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones and similar products of chemical synthesis n.e.c. in chapter 39, in primary forms

3911 (Harmonized System 1992 for 4-digit)

2022
World Trade $8.11BRnk 430 / 1218
2022
Top Exporter | Top Importer $1.31B | $901MUnited States | China
2022
Product Complexity 1.08Rnk 140 / 1033
2021 - 2022
Export Growth (CAGR) 7.07%Rnk 514 / 1218
2022
Share of World Trade 0.034%Rnk 430 / 1218

About

Overview This page contains the latest trade data of Petroleum Resins. In 2022, Petroleum Resins were the world's 430th most traded product, with a total trade of $8.11B. Between 2021 and 2022 the exports of Petroleum Resins grew by 7.07%, from $7.57B to $8.11B. Trade in Petroleum Resins represent 0.034% of total world trade.

Petroleum Resins are a part of Plastics & articles thereof. They include Other polysulphides or polysulphones and Petroleum resins, coumarone, indene, polyterpenes.

Exports In 2022 the top exporters of Petroleum Resins  were United States ($1.31B), China ($1.28B), Germany ($1.24B), Japan ($799M), and South Korea ($699M).

Imports In 2022 the top importers of Petroleum Resins were China ($901M), United States ($662M), Germany ($510M), Italy ($432M), and Netherlands ($414M).

Ranking Petroleum Resins ranks 140th in the Product Complexity Index (PCI).

Description Petroleum resins are used in fuel and lubricants. Coumarone-indene resins are used in rubber, roofing, and insulation. Polyterpenes are used in coatings and adhesives. Polysulphides are used in paints and varnishes. Polysulphones are used in plastics. Other polymers and prepolymers are used in textiles, paper, and chemicals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Petroleum Resins. 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)United States$1.31B
Top Destination (2022)China$901M

In 2022 Petroleum Resins were the world's 430th most traded product (out of 1,218).

In 2022, the top exporters of Petroleum Resins were United States ($1.31B), China ($1.28B), Germany ($1.24B), Japan ($799M), and South Korea ($699M).

In 2022, the top importers of Petroleum Resins were China ($901M), United States ($662M), Germany ($510M), Italy ($432M), and Netherlands ($414M).

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

Color
Top Origin Growth (2021 -  2022)China$292M
Top Destination Growth (2021 -  2022)United States$91.1M

Between 2021 and 2022, the exports of Petroleum Resins grew the fastest in China ($292M), United States ($170M), Belgium ($38M), Germany ($36.6M), and Canada ($33.7M).

Between 2021 and 2022, the fastest growing importers of Petroleum Resins were United States ($91.1M), Mexico ($56.3M), India ($52.7M), Brazil ($49.1M), and Netherlands ($46.5M).

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Exporters of Petroleum Resins (2021 - 2022)

Importers of Petroleum Resins (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Petroleum Resins are explained by 14 countries.

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Value of Exports in Petroleum Resins

Net Trade

TOP NET EXPORTER (2022)Germany$730M
TOP NET IMPORTER (2022)Mexico$268M

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

In 2022, the countries that had a largest trade value in exports than in imports of Petroleum Resins were Germany ($730M), United States ($653M), Japan ($485M), South Korea ($440M), and China ($382M).

In 2022, the countries that had a largest trade value in imports than in exports of Petroleum Resins were Mexico ($268M), Italy ($238M), Brazil ($179M), India ($173M), and Turkey ($155M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Petroleum Resins, disaggragated by their HS6 level were Other polysulphides or polysulphones ($6.06B) and Petroleum resins, coumarone, indene, polyterpenes ($2.05B)

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $12.3M
TOP IMPORT POTENTIALChina+ $28.3M

Petroleum Resins’s highest export potential is India. With an export gap of $12.3M.  Petroleum Resins’s highest import potential is China with an import gap of $28.3M.

See methodology.

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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 Resins.

Country by Relatedness

The following visualization shows the relatedness of Petroleum Resins 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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