HS Icon Petroleum Resins

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)

Overview This page contains the latest trade data of Petroleum Resins. In 2021, Petroleum Resins were the world's 431st most traded product, with a total trade of $7.55B. Between 2020 and 2021 the exports of Petroleum Resins grew by 25.6%, from $6.01B to $7.55B. Trade in Petroleum Resins represent 0.036% 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 2021 the top exporters of Petroleum Resins  were Germany ($1.2B), United States ($1.15B), China ($969M), Japan ($860M), and South Korea ($674M).

Imports In 2021 the top importers of Petroleum Resins were China ($949M), United States ($567M), Germany ($510M), Italy ($431M), and Belgium ($375M).

Tariffs In 2018 the average tariff for Petroleum Resins was 4.63%, making it the 892nd lowest tariff using the HS4 product classification.

Ranking Petroleum Resins ranks 52nd 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.

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Y-AXIS SCALE

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.

* 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 (2021): Germany, $1.2B

Top Destination (2021): China, $949M

Petroleum Resins are the world's 431st most traded product.

In 2021, the top exporters of Petroleum Resins were Germany ($1.2B), United States ($1.15B), China ($969M), Japan ($860M), and South Korea ($674M).

In 2021, the top importers of Petroleum Resins were China ($949M), United States ($567M), Germany ($510M), Italy ($431M), and Belgium ($375M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $291M

Top Destination Growth (2020 -  2021): Belgium, $163M

Between 2020 and 2021, the exports of Petroleum Resins grew the fastest in China ($291M), Germany ($232M), United States ($187M), South Korea ($151M), and Japan ($147M).

Between 2020 and 2021, the fastest growing importers of Petroleum Resins were Belgium ($163M), United States ($148M), Netherlands ($122M), Italy ($119M), and China ($105M).

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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 Petroleum Resins.

In 2021, market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Petroleum Resins are explained by 14 countries.

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TOP NET EXPORTER (2021): Germany, $695M

TOP NET IMPORTER (2021): Italy, $251M

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Petroleum Resins were Germany ($695M), United States ($580M), Japan ($548M), South Korea ($425M), and France ($244M).

In 2021, the countries that had a largest trade value in imports than in exports of Petroleum Resins were Italy ($251M), Mexico ($211M), Brazil ($138M), Belgium ($136M), and Turkey ($136M).

Disaggregation

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Value

In 2021, the world most traded Petroleum Resins, disaggragated by their HS6 level were Other polysulphides or polysulphones ($5.51B) and Petroleum resins, coumarone, indene, polyterpenes ($2.04B)

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.

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.

Country by Relatedness

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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.