HS Icon Acrylic or vinyl polymer paint or varnish, non-aqueou

320820 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.28B, Rnk 741 / 4726

Top Exporter (2018): $868M, Germany

Top Importer (2018): $286M, China

Product Complexity (2018): 0.44, Rnk 1799 / 4873

Export Growth (CAGR)(2017 - 2018): 12.9%, Rnk 2231 / 4726

Mean Tariff (2018): 10.9%, Rnk 2006 / 6538

Share of World Trade (2018): 0.023%, Rnk 741 / 4726

Overview:  This page contains the latest trade data of Acrylic or vinyl polymer paint or varnish, non-aqueou. In 2018, Acrylic or vinyl polymer paint or varnish, non-aqueou were the world's 741st most traded product, with a total trade of $4.28B. Between 2017 and 2018 the exports of Acrylic or vinyl polymer paint or varnish, non-aqueou grew by 12.9%, from  $3.79B to $4.28B. Trade in Acrylic or vinyl polymer paint or varnish, non-aqueou represent 0.023% of total world trade.

Exports: In 2018 the top exporters of Acrylic or vinyl polymer paint or varnish, non-aqueou  were Germany ($868M), Japan ($561M), United States ($404M), Belgium-Luxembourg ($293M), and United Kingdom ($194M).

Imports: In 2018 the top importers of Acrylic or vinyl polymer paint or varnish, non-aqueou were China ($286M), Germany ($233M), United States ($212M), Canada ($207M), and South Korea ($187M).

Tariffs: In 2018 the average tariff for Acrylic or vinyl polymer paint or varnish, non-aqueou was 10.9%, been the 2006 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Acrylic or vinyl polymer paint or varnish, non-aqueou are Bahamas (40.2%), Cape Verde (40%), Sudan (35%), Fiji (31.1%), and Sri Lanka (30%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Acrylic or vinyl polymer paint or varnish, non-aqueou ranks 1799th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $868M

Top Destination (2018): China, $286M

Acrylic or vinyl polymer paint or varnish, non-aqueou are the world's 741st most traded product.

In 2018, the top exporters of Acrylic or vinyl polymer paint or varnish, non-aqueou were Germany ($868M), Japan ($561M), United States ($404M), Belgium-Luxembourg ($293M), and United Kingdom ($194M).

In 2018, the top importers of Acrylic or vinyl polymer paint or varnish, non-aqueou were China ($286M), Germany ($233M), United States ($212M), Canada ($207M), and South Korea ($187M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $121M

Top Destination Growth (2017 - 2018): China, $56.1M

Between 2017 and 2018, the exports of Acrylic or vinyl polymer paint or varnish, non-aqueou grew the fastest in Germany ($121M), Japan ($93.2M), Belgium-Luxembourg ($50.8M), China ($27.9M), and United Kingdom ($25.7M).

Between 2017 and 2018, the fastest growing importers of Acrylic or vinyl polymer paint or varnish, non-aqueou were China ($56.1M), France ($38.3M), South Korea ($37.8M), Poland ($35.2M), and Belgium-Luxembourg ($31.9M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Acrylic or vinyl polymer paint or varnish, non-aqueou.

In 2018,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Acrylic or vinyl polymer paint or varnish, non-aqueou are explained by 20 countries.

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TOP NET EXPORTER (2018): Germany, $635M

TOP NET IMPORTER (2018): Canada, $139M

This map shows which countries export or import more of Acrylic or vinyl polymer paint or varnish, non-aqueou. Each country is colored based on the difference in exports and imports of Acrylic or vinyl polymer paint or varnish, non-aqueou during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Acrylic or vinyl polymer paint or varnish, non-aqueou were Germany ($635M), Japan ($516M), United States ($192M), Belgium-Luxembourg ($116M), and Italy ($84.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Acrylic or vinyl polymer paint or varnish, non-aqueou were Canada ($139M), China ($128M), Russia ($111M), Mexico ($102M), and Chinese Taipei ($93.6M).

Trade Forecasts

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This section shows forecasts for total trade for Acrylic or vinyl polymer paint or varnish, non-aqueou. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Acrylic or vinyl polymer paint or varnish, non-aqueou was 10.9%.  The countries with the highest tariffs for importing Acrylic or vinyl polymer paint or varnish, non-aqueou were Bahamas (40.2%), Cape Verde (40%), Sudan (35%), Fiji (31.1%), and Sri Lanka (30%).

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Product Complexity

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Diversification Frontier

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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.