HS Icon Styrene Polymers

3903 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Styrene Polymers. In 2020, Styrene Polymers were the world's 199th most traded product, with a total trade of $17.7B. Between 2019 and 2020 the exports of Styrene Polymers decreased by -11.9%, from $20.1B to $17.7B. Trade in Styrene Polymers represent 0.11% of total world trade.

Styrene Polymers are a part of Plastics and articles thereof. They include Acrylonitrile-butadiene-styrene (ABS) copolymers, Polystyrene, except expansible in primary forms, Polymers of styrene except SAN or ABS in primary form, Polystyrene, expansible in primary forms, and Styrene-acrylonitrile (SAN) copolymers, primary forms.

Exports In 2020 the top exporters of Styrene Polymers  were South Korea ($3.23B), Chinese Taipei ($2.82B), Germany ($1.14B), United States ($1.05B), and Netherlands ($894M).

Imports In 2020 the top importers of Styrene Polymers were China ($4.79B), Germany ($990M), United States ($981M), Hong Kong ($817M), and Mexico ($668M).

Tariffs In 2018 the average tariff for Styrene Polymers was 4.47%, making it the 924th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Styrene Polymers are Bahamas (41.4%), Bermuda (25%), Cayman Islands (22%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Styrene Polymers ranks 281st in the Product Complexity Index (PCI).

Description Polymers of styrene are used in the production of polystyrene, styrene-butadiene rubber, and polystyrene-polybutadiene.

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The following visualization shows the latest trends on Styrene Polymers. 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 (2020): South Korea, $3.23B

Top Destination (2020): China, $4.79B

Styrene Polymers are the world's 199th most traded product.

In 2020, the top exporters of Styrene Polymers were South Korea ($3.23B), Chinese Taipei ($2.82B), Germany ($1.14B), United States ($1.05B), and Netherlands ($894M).

In 2020, the top importers of Styrene Polymers were China ($4.79B), Germany ($990M), United States ($981M), Hong Kong ($817M), and Mexico ($668M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Pakistan, $10.9M

Top Destination Growth (2019 - 2020): Turkey, $41.8M

Between 2019 and 2020, the exports of Styrene Polymers grew the fastest in Pakistan ($10.9M), Israel ($7.51M), United Arab Emirates ($6.88M), Lithuania ($3.64M), and Egypt ($3.52M).

Between 2019 and 2020, the fastest growing importers of Styrene Polymers were Turkey ($41.8M), Malaysia ($11M), United Arab Emirates ($8.77M), Saudi Arabia ($7.16M), and Vietnam ($3.12M).

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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 Styrene Polymers.

In 2020,  market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Styrene Polymers are explained by 20 countries.

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TOP NET EXPORTER (2020): South Korea, $3.1B

TOP NET IMPORTER (2020): China, $4.29B

This map shows which countries export or import more of Styrene Polymers. Each country is colored based on the difference in exports and imports of Styrene Polymers during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Styrene Polymers were South Korea ($3.1B), Chinese Taipei ($2.73B), Netherlands ($686M), Belgium ($682M), and Japan ($470M).

In 2020, the countries that had a largest trade value in imports than in exports of Styrene Polymers were China ($4.29B), Vietnam ($587M), Poland ($507M), Hong Kong ($380M), and Turkey ($338M).

Disaggregation

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Value

In 2019, the world most traded Styrene Polymers, disaggragated by their HS6 level were Acrylonitrile-butadiene-styrene (ABS) copolymers ($6.44B), Polystyrene, except expansible in primary forms ($3.91B), Polymers of styrene except SAN or... ($3.56B), Polystyrene, expansible in primary forms ($2.95B), and Styrene-acrylonitrile (SAN) copolymers, primary forms ($880M)

Country Comparison

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

Import Tariffs

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In 2018, the average tariff for importing Styrene Polymers was 4.47%. The countries with the highest tariffs for importing Styrene Polymers were Bahamas (41.4%), Bermuda (25%), Cayman Islands (22%), and Maldives (19.6%).

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 Styrene Polymers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.