HS Icon Propylene Polymers

3902 (Harmonized System 1992 for 4-digit)

World Trade (2018): $47.1B, Rnk 79 / 1225

Top Exporter (2018): $6.33B, Saudi Arabia

Top Importer (2018): $5.99B, China

Product Complexity (2018): 0.038, Rnk 531 / 1018

Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 453 / 1225

Mean Tariff (2018): 4.17%, Rnk 962 / 1259

Share of World Trade (2018): 0.26%, Rnk 79 / 1225

Overview: In 2018, Propylene Polymers were the world's 79th most traded product, with a total trade of $47.1B. Between 2017 and 2018 the exports of Propylene Polymers grew by 16.6%, from  $40.4B to $47.1B. Trade in Propylene Polymers represent 0.26% of total world trade.

Exports: In 2018 the top exporters of Propylene Polymers  were Saudi Arabia ($6.33B), South Korea ($4.55B), Belgium-Luxembourg ($4.42B), United States ($3.63B), and Germany ($3.44B).

Imports: In 2018 the top importers of Propylene Polymers were China ($5.99B), Germany ($3.12B), Turkey ($2.78B), Italy ($2.45B), and Mexico ($1.91B).

Tariffs: In 2018 the average tariff for Propylene Polymers was 4.17%, been the 962 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Propylene Polymers are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Brazil (13.5%), and Argentina (13.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Propylene Polymers ranks 531st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Saudi Arabia, $6.33B

Top Destination (2018): China, $5.99B

Propylene Polymers are the world's 79th most traded product.

In 2018, the top exporters of Propylene Polymers were Saudi Arabia ($6.33B), South Korea ($4.55B), Belgium-Luxembourg ($4.42B), United States ($3.63B), and Germany ($3.44B).

In 2018, the top importers of Propylene Polymers were China ($5.99B), Germany ($3.12B), Turkey ($2.78B), Italy ($2.45B), and Mexico ($1.91B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $1.74B

Top Destination Growth (2017 - 2018): Vietnam, $601M

Between 2017 and 2018, the exports of Propylene Polymers grew the fastest in Saudi Arabia ($1.74B), Belgium-Luxembourg ($811M), South Korea ($568M), Thailand ($527M), and India ($344M).

Between 2017 and 2018, the fastest growing importers of Propylene Polymers were Vietnam ($601M), United States ($367M), Mexico ($336M), Bangladesh ($335M), and Japan ($316M).

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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 Propylene Polymers.

In 2018,  market concentration measured using Shannon Entropy, was 4.62. This means that most of the exports of Propylene Polymers are explained by 24 countries.

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TOP NET EXPORTER (2018): Saudi Arabia, $6.22B

TOP NET IMPORTER (2018): China, $5.4B

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

In 2018, the countries that had a largest trade value in exports than in imports of Propylene Polymers were Saudi Arabia ($6.22B), South Korea ($4.38B), Belgium-Luxembourg ($2.68B), United States ($2.37B), and Singapore ($2.2B).

In 2018, the countries that had a largest trade value in imports than in exports of Propylene Polymers were China ($5.4B), Turkey ($2.75B), Mexico ($1.83B), Italy ($1.5B), and Vietnam ($1.34B).

Trade Forecasts

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This section shows forecasts for total trade for Propylene 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 Propylene Polymers was 4.17%.  The countries with the highest tariffs for importing Propylene Polymers were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Brazil (13.5%), and Argentina (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.