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.