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Phenolic resins, in primary forms

390940 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.19BRnk 1343 / 4644
2023
Top Exporter | Top Importer $233M | $286MChina | China
2023
Product Complexity 1.39Rnk 249 / 4656
2022 - 2023
Export Growth (CAGR) -8.29%Rnk 2508 / 4644
2023
Share of World Trade 0.0097%Rnk 1343 / 4644

About

Overview This page contains the latest trade data of Phenolic resins. In 2023, Phenolic resins were the world's 1343rd most traded product, with a total trade of $2.19B. Between 2022 and 2023 the exports of Phenolic resins decreased by -8.29%, from $2.39B to $2.19B. Trade in Phenolic resins represent 0.0097% of total world trade.

Phenolic resins are a part of Amino-resins.

Exports In 2023 the top exporters of Phenolic resins  were China ($233M), United States ($226M), Japan ($222M), Germany ($208M), and Chinese Taipei ($117M).

Imports In 2023 the top importers of Phenolic resins were China ($286M), Germany ($150M), United States ($120M), Canada ($95.2M), and Thailand ($85.6M).

Ranking Phenolic resins ranks 249th in the Product Complexity Index (PCI).

Description Phenolic resins are used in many industries as a protective coating and for its fire-retardant properties. It is also used in production of many synthetic fibers, plastics, and paints.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Phenolic 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 (2023)China$233M
Top Destination (2023)China$286M

In 2023 Phenolic resins were the world's 1343rd most traded product (out of 4,644).

In 2023, the top exporters of Phenolic resins were China ($233M), United States ($226M), Japan ($222M), Germany ($208M), and Chinese Taipei ($117M).

In 2023, the top importers of Phenolic resins were China ($286M), Germany ($150M), United States ($120M), Canada ($95.2M), and Thailand ($85.6M).

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Exporters of Phenolic resins (2023)
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Importers of Phenolic resins (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$11M
Top Destination Growth (2022 -  2023)United Arab Emirates$13.7M

Between 2022 and 2023, the exports of Phenolic resins grew the fastest in United Arab Emirates ($11M), Singapore ($9.83M), Thailand ($5.3M), United States ($5.28M), and Poland ($3.07M).

Between 2022 and 2023, the fastest growing importers of Phenolic resins were United Arab Emirates ($13.7M), Mexico ($6.34M), Ukraine ($5.77M), Canada ($4.4M), and Thailand ($4.08M).

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Exporters of Phenolic resins (2022 - 2023)

Importers of Phenolic resins (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Phenolic resins.

In 2023, market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Phenolic resins are explained by 21 countries.

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Value of Exports in Phenolic resins

Net Trade

TOP NET EXPORTER (2023)Japan$187M
TOP NET IMPORTER (2023)Thailand$71.1M

This map shows which countries export or import more of Phenolic resins. Each country is colored based on the difference in exports and imports of Phenolic resins during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Phenolic resins were Japan ($187M), United States ($106M), Singapore ($89.2M), Belgium ($84.1M), and Poland ($60M).

In 2023, the countries that had a largest trade value in imports than in exports of Phenolic resins were Thailand ($71.1M), Mexico ($70.9M), China ($52.8M), Turkey ($46.2M), and Vietnam ($40.6M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Phenolic resins.
It is possible to select the main countries that export or import Phenolic resins in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Phenolic resins by percentage of total exports

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 (2023)

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