HS Icon Ethylene Polymers

3901 (Harmonized System 1992 for 4-digit)

World Trade (2018): $85.3B, Rnk 30 / 1225

Top Exporter (2018): $12.5B, Saudi Arabia

Top Importer (2018): $18.8B, China

Product Complexity (2018): 0.044, Rnk 526 / 1018

Export Growth (CAGR)(2017 - 2018): 14.5%, Rnk 542 / 1225

Mean Tariff (2018): 4.55%, Rnk 897 / 1259

Share of World Trade (2018): 0.46%, Rnk 30 / 1225

Overview: In 2018, Ethylene Polymers were the world's 30th most traded product, with a total trade of $85.3B. Between 2017 and 2018 the exports of Ethylene Polymers grew by 14.5%, from  $74.5B to $85.3B. Trade in Ethylene Polymers represent 0.46% of total world trade.

Exports: In 2018 the top exporters of Ethylene Polymers  were Saudi Arabia ($12.5B), United States ($9.83B), Belgium-Luxembourg ($5.81B), Singapore ($5.31B), and Canada ($4.64B).

Imports: In 2018 the top importers of Ethylene Polymers were China ($18.8B), United States ($4.74B), Germany ($4.19B), Belgium-Luxembourg ($3.64B), and Italy ($2.84B).

Tariffs: In 2018 the average tariff for Ethylene Polymers was 4.55%, been the 897 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ethylene Polymers are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Maldives (19.6%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ethylene Polymers ranks 526th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Saudi Arabia, $12.5B

Top Destination (2018): China, $18.8B

Ethylene Polymers are the world's 30th most traded product.

In 2018, the top exporters of Ethylene Polymers were Saudi Arabia ($12.5B), United States ($9.83B), Belgium-Luxembourg ($5.81B), Singapore ($5.31B), and Canada ($4.64B).

In 2018, the top importers of Ethylene Polymers were China ($18.8B), United States ($4.74B), Germany ($4.19B), Belgium-Luxembourg ($3.64B), and Italy ($2.84B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $2.35B

Top Destination Growth (2017 - 2018): China, $2.5B

Between 2017 and 2018, the exports of Ethylene Polymers grew the fastest in United States ($2.35B), Saudi Arabia ($1.55B), Singapore ($1.17B), Thailand ($1.08B), and Malaysia ($974M).

Between 2017 and 2018, the fastest growing importers of Ethylene Polymers were China ($2.5B), Vietnam ($1.21B), United Arab Emirates ($722M), Malaysia ($540M), and Singapore ($459M).

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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 Ethylene Polymers.

In 2018,  market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Ethylene Polymers are explained by 24 countries.

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TOP NET EXPORTER (2018): Saudi Arabia, $12.2B

TOP NET IMPORTER (2018): China, $17.9B

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

In 2018, the countries that had a largest trade value in exports than in imports of Ethylene Polymers were Saudi Arabia ($12.2B), United States ($5.09B), South Korea ($3.81B), Canada ($3.12B), and Thailand ($3.09B).

In 2018, the countries that had a largest trade value in imports than in exports of Ethylene Polymers were China ($17.9B), Vietnam ($2.27B), Turkey ($2.05B), Italy ($1.78B), and Mexico ($1.69B).

Trade Forecasts

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This section shows forecasts for total trade for Ethylene Polymers. 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 Ethylene Polymers was 4.55%.  The countries with the highest tariffs for importing Ethylene Polymers were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Maldives (19.6%), and Romania (12.9%).

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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.