HS Icon Polypropylene in primary forms

390210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $26.9B, Rnk 95 / 4726

Top Exporter (2018): $5.65B, Saudi Arabia

Top Importer (2018): $3.28B, China

Product Complexity (2018): -0.17, Rnk 2891 / 4873

Export Growth (CAGR)(2017 - 2018): 16.2%, Rnk 1764 / 4726

Mean Tariff (2018): 3.66%, Rnk 5297 / 6538

Share of World Trade (2018): 0.15%, Rnk 95 / 4726

Overview:  This page contains the latest trade data of Polypropylene in primary forms. In 2018, Polypropylene in primary forms were the world's 95th most traded product, with a total trade of $26.9B. Between 2017 and 2018 the exports of Polypropylene in primary forms grew by 16.2%, from  $23.2B to $26.9B. Trade in Polypropylene in primary forms represent 0.15% of total world trade.

Exports: In 2018 the top exporters of Polypropylene in primary forms  were Saudi Arabia ($5.65B), South Korea ($2.4B), Germany ($1.75B), Belgium-Luxembourg ($1.69B), and United States ($1.6B).

Imports: In 2018 the top importers of Polypropylene in primary forms were China ($3.28B), Turkey ($2.18B), Italy ($1.32B), Germany ($1.32B), and Vietnam ($1.15B).

Tariffs: In 2018 the average tariff for Polypropylene in primary forms was 3.66%, been the 5297 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Polypropylene in primary forms 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%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Polypropylene in primary forms ranks 2891st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Saudi Arabia, $5.65B

Top Destination (2018): China, $3.28B

Polypropylene in primary forms are the world's 95th most traded product.

In 2018, the top exporters of Polypropylene in primary forms were Saudi Arabia ($5.65B), South Korea ($2.4B), Germany ($1.75B), Belgium-Luxembourg ($1.69B), and United States ($1.6B).

In 2018, the top importers of Polypropylene in primary forms were China ($3.28B), Turkey ($2.18B), Italy ($1.32B), Germany ($1.32B), and Vietnam ($1.15B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $1.61B

Top Destination Growth (2017 - 2018): Vietnam, $440M

Between 2017 and 2018, the exports of Polypropylene in primary forms grew the fastest in Saudi Arabia ($1.61B), India ($325M), Thailand ($256M), Germany ($229M), and South Korea ($229M).

Between 2017 and 2018, the fastest growing importers of Polypropylene in primary forms were Vietnam ($440M), Bangladesh ($287M), United Arab Emirates ($210M), Poland ($181M), and Egypt ($159M).

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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 Polypropylene in primary forms.

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

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TOP NET EXPORTER (2018): Saudi Arabia, $5.59B

TOP NET IMPORTER (2018): China, $2.82B

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

In 2018, the countries that had a largest trade value in exports than in imports of Polypropylene in primary forms were Saudi Arabia ($5.59B), South Korea ($2.38B), United States ($1.12B), Belgium-Luxembourg ($752M), and Singapore ($704M).

In 2018, the countries that had a largest trade value in imports than in exports of Polypropylene in primary forms were China ($2.82B), Turkey ($2.16B), Mexico ($998M), Vietnam ($930M), and Indonesia ($791M).

Trade Forecasts

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This section shows forecasts for total trade for Polypropylene in primary forms. 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 Polypropylene in primary forms was 3.66%.  The countries with the highest tariffs for importing Polypropylene in primary forms 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.