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Gum, wood or sulphate turpentine, other terpenic oils; crude dipentene; sulphite turpentine, other crude para-cymene; pine oil containing alpha-terpineol as the main constituent

3805 (Harmonized System 1992 for 4-digit)

2023
World Trade $411MRnk 1070 / 1217
2023
Top Exporter | Top Importer $73.8M | $163MBrazil | India
2022 - 2023
Export Growth (CAGR) -23.4%Rnk 1086 / 1217
2023
Share of World Trade 0.0018%Rnk 1070 / 1217

About

Overview This page contains the latest trade data of Turpentine. In 2023, Turpentine were the world's 1070th most traded product, with a total trade of $411M. Between 2022 and 2023 the exports of Turpentine decreased by -23.4%, from $537M to $411M. Trade in Turpentine represent 0.0018% of total world trade.

Turpentine are a part of Chemical products n.e.s.. They include Gum, wood or sulphate turpentine oils, Terpenic oils nes, crude dipentene, paracymene, and Pine oil.

Exports In 2023 the top exporters of Turpentine  were Brazil ($73.8M), United States ($61M), Indonesia ($56.4M), Vietnam ($25.1M), and China ($19.9M).

Imports In 2023 the top importers of Turpentine were India ($163M), France ($56.8M), United States ($31.2M), China ($26.4M), and Japan ($18.3M).

Description Gum turpentine is used as a solvent in paint. Wood turpentine is used as a solvent in paint, varnish, and linoleum. Sulphate turpentine is used as a solvent in paint, varnish, and linoleum. Para-cymene is used as a solvent in paint, varnish, and linoleum. Pine oil containing alpha-terpineol as the main constituent is used as a fragrance in soaps, detergents, and perfumes.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Turpentine. 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)Brazil$73.8M
Top Destination (2023)India$163M

In 2023 Turpentine were the world's 1070th most traded product (out of 1,217).

In 2023, the top exporters of Turpentine were Brazil ($73.8M), United States ($61M), Indonesia ($56.4M), Vietnam ($25.1M), and China ($19.9M).

In 2023, the top importers of Turpentine were India ($163M), France ($56.8M), United States ($31.2M), China ($26.4M), and Japan ($18.3M).

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Exporters of Turpentine (2023)
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Importers of Turpentine (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Africa$6.94M
Top Destination Growth (2022 -  2023)China$11.9M

Between 2022 and 2023, the exports of Turpentine grew the fastest in South Africa ($6.94M), Japan ($6.02M), China ($2.41M), Canada ($2.33M), and Uganda ($1.83M).

Between 2022 and 2023, the fastest growing importers of Turpentine were China ($11.9M), Zimbabwe ($8.47M), Malaysia ($6.1M), Japan ($4.27M), and Hong Kong ($1.17M).

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Exporters of Turpentine (2022 - 2023)

Importers of Turpentine (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Turpentine.

In 2023, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Turpentine are explained by 16 countries.

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Value of Exports in Turpentine

Net Trade

TOP NET EXPORTER (2023)Brazil$72.5M
TOP NET IMPORTER (2023)India$146M

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

In 2023, the countries that had a largest trade value in exports than in imports of Turpentine were Brazil ($72.5M), Indonesia ($51.5M), United States ($29.8M), Vietnam ($24.9M), and Finland ($16.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Turpentine were India ($146M), France ($52.7M), Japan ($11.3M), Malaysia ($7.36M), and China ($6.49M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Turpentine, disaggragated by their HS6 level were Gum, wood or sulphate turpentine oils ($323M) and Terpenic oils nes, crude dipentene, paracymene ($88.7M)

HS6 Disaggregation for Turpentine (2023)
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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 Turpentine.
It is possible to select the main countries that export or import Turpentine in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Turpentine by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $1.11M
TOP IMPORT POTENTIALIndia+ $174k

Turpentine’s highest export potential is United States. With an export gap of $1.11M.  Turpentine’s highest import potential is India with an import gap of $174k.

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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 (2023)

Country by Relatedness

The following visualization shows the relatedness of Turpentine to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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