HS Icon Polyethylene - specific gravity <0.94 in primary form

390110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $29B, Rnk 88 / 4726

Top Exporter (2018): $5.29B, Saudi Arabia

Top Importer (2018): $5.15B, China

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 2252 / 4726

Mean Tariff (2018): 4.28%, Rnk 4730 / 6538

Share of World Trade (2018): 0.16%, Rnk 88 / 4726

Overview:  This page contains the latest trade data of Polyethylene - specific gravity <0.94 in primary form. In 2018, Polyethylene - specific gravity <0.94 in primary form were the world's 88th most traded product, with a total trade of $29B. Between 2017 and 2018 the exports of Polyethylene - specific gravity <0.94 in primary form grew by 12.7%, from  $25.7B to $29B. Trade in Polyethylene - specific gravity <0.94 in primary form represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Polyethylene - specific gravity <0.94 in primary form  were Saudi Arabia ($5.29B), United States ($2.54B), Belgium-Luxembourg ($2.18B), Netherlands ($1.57B), and Germany ($1.54B).

Imports: In 2018 the top importers of Polyethylene - specific gravity <0.94 in primary form were China ($5.15B), Germany ($1.68B), Singapore ($1.3B), Belgium-Luxembourg ($1.17B), and Italy ($1.16B).

Tariffs: In 2018 the average tariff for Polyethylene - specific gravity <0.94 in primary form was 4.28%, been the 4730 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Polyethylene - specific gravity <0.94 in primary form are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Maldives (19.6%), and Venezuela (13.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritania (0%), and Mauritius (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Saudi Arabia, $5.29B

Top Destination (2018): China, $5.15B

Polyethylene - specific gravity <0.94 in primary form are the world's 88th most traded product.

In 2018, the top exporters of Polyethylene - specific gravity <0.94 in primary form were Saudi Arabia ($5.29B), United States ($2.54B), Belgium-Luxembourg ($2.18B), Netherlands ($1.57B), and Germany ($1.54B).

In 2018, the top importers of Polyethylene - specific gravity <0.94 in primary form were China ($5.15B), Germany ($1.68B), Singapore ($1.3B), Belgium-Luxembourg ($1.17B), and Italy ($1.16B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $1.31B

Top Destination Growth (2017 - 2018): China, $1.99B

Between 2017 and 2018, the exports of Polyethylene - specific gravity <0.94 in primary form grew the fastest in Saudi Arabia ($1.31B), India ($606M), Thailand ($504M), Malaysia ($450M), and Singapore ($316M).

Between 2017 and 2018, the fastest growing importers of Polyethylene - specific gravity <0.94 in primary form were China ($1.99B), Vietnam ($514M), Singapore ($377M), Malaysia ($289M), and United Arab Emirates ($271M).

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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 Polyethylene - specific gravity <0.94 in primary form.

In 2018,  market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Polyethylene - specific gravity <0.94 in primary form are explained by 24 countries.

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TOP NET EXPORTER (2018): Saudi Arabia, $5.2B

TOP NET IMPORTER (2018): China, $5.03B

This map shows which countries export or import more of Polyethylene - specific gravity <0.94 in primary form. Each country is colored based on the difference in exports and imports of Polyethylene - specific gravity <0.94 in primary form during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Polyethylene - specific gravity <0.94 in primary form were Saudi Arabia ($5.2B), United States ($1.78B), Qatar ($1.15B), Belgium-Luxembourg ($1.01B), and Netherlands ($982M).

In 2018, the countries that had a largest trade value in imports than in exports of Polyethylene - specific gravity <0.94 in primary form were China ($5.03B), Vietnam ($923M), Italy ($878M), Turkey ($826M), and Poland ($672M).

Trade Forecasts

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This section shows forecasts for total trade for Polyethylene - specific gravity <0.94 in primary form. 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 Polyethylene - specific gravity <0.94 in primary form was 4.28%.  The countries with the highest tariffs for importing Polyethylene - specific gravity <0.94 in primary form were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Maldives (19.6%), and Venezuela (13.5%).

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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.