HS Icon Insect Resins

1301 (Harmonized System 1992 for 4-digit)

World Trade (2018): $877M, Rnk 942 / 1225

Top Exporter (2018): $137M, France

Top Importer (2018): $168M, India

Product Complexity (2018): -2.38, Rnk 1011 / 1018

Export Growth (CAGR)(2017 - 2018): 9.26%, Rnk 808 / 1225

Mean Tariff (2018): 4.52%, Rnk 908 / 1259

Share of World Trade (2018): 0.0048%, Rnk 942 / 1225

Overview: In 2018, Insect Resins were the world's 942nd most traded product, with a total trade of $877M. Between 2017 and 2018 the exports of Insect Resins grew by 9.26%, from  $803M to $877M. Trade in Insect Resins represent 0.0048% of total world trade.

Exports: In 2018 the top exporters of Insect Resins  were France ($137M), Sudan ($116M), Afghanistan ($104M), India ($66.3M), and Indonesia ($56.5M).

Imports: In 2018 the top importers of Insect Resins were India ($168M), France ($95.9M), United States ($86.1M), Germany ($43.4M), and China ($40.8M).

Tariffs: In 2018 the average tariff for Insect Resins was 4.52%, been the 908 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Insect Resins are Tunisia (36%), Bahamas (31.2%), Ethiopia (29.7%), India (24.1%), and Cambodia (19.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Insect Resins ranks 1011th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): France, $137M

Top Destination (2018): India, $168M

Insect Resins are the world's 942nd most traded product.

In 2018, the top exporters of Insect Resins were France ($137M), Sudan ($116M), Afghanistan ($104M), India ($66.3M), and Indonesia ($56.5M).

In 2018, the top importers of Insect Resins were India ($168M), France ($95.9M), United States ($86.1M), Germany ($43.4M), and China ($40.8M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): India, $18.6M

Top Destination Growth (2017 - 2018): United States, $35.3M

Between 2017 and 2018, the exports of Insect Resins grew the fastest in India ($18.6M), Somalia ($11.4M), France ($9.87M), Brazil ($9.57M), and United States ($8.94M).

Between 2017 and 2018, the fastest growing importers of Insect Resins were United States ($35.3M), Portugal ($22.9M), Saudi Arabia ($17M), Bulgaria ($10.1M), and Vietnam ($4.63M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Insect Resins.

In 2018,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Insect Resins are explained by 22 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Sudan, $116M

TOP NET IMPORTER (2018): India, $101M

This map shows which countries export or import more of Insect Resins. Each country is colored based on the difference in exports and imports of Insect Resins during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Insect Resins were Sudan ($116M), Afghanistan ($99.6M), Indonesia ($51.7M), France ($40.8M), and Somalia ($36.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Insect Resins were India ($101M), United States ($54.7M), Portugal ($34M), Vietnam ($21.2M), and Saudi Arabia ($21.1M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Insect Resins. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Insect Resins was 4.52%.  The countries with the highest tariffs for importing Insect Resins were Tunisia (36%), Bahamas (31.2%), Ethiopia (29.7%), India (24.1%), and Cambodia (19.2%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.