HS Icon Phenolic resins, in primary forms

390940 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.16B, Rnk 1255 / 4726

Top Exporter (2018): $248M, Japan

Top Importer (2018): $299M, China

Product Complexity (2018): 1.06, Rnk 677 / 4873

Export Growth (CAGR)(2017 - 2018): 8.09%, Rnk 2946 / 4726

Mean Tariff (2018): 5.59%, Rnk 3791 / 6538

Share of World Trade (2018): 0.012%, Rnk 1255 / 4726

Overview:  This page contains the latest trade data of Phenolic resins, in primary forms. In 2018, Phenolic resins, in primary forms were the world's 1255th most traded product, with a total trade of $2.16B. Between 2017 and 2018 the exports of Phenolic resins, in primary forms grew by 8.09%, from  $2B to $2.16B. Trade in Phenolic resins, in primary forms represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Phenolic resins, in primary forms  were Japan ($248M), United States ($234M), Germany ($201M), China ($193M), and Belgium-Luxembourg ($148M).

Imports: In 2018 the top importers of Phenolic resins, in primary forms were China ($299M), Germany ($191M), United States ($125M), Canada ($82.3M), and France ($80.9M).

Tariffs: In 2018 the average tariff for Phenolic resins, in primary forms was 5.59%, been the 3791 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Phenolic resins, in primary forms are Bahamas (40.2%), Bermuda (25%), Pakistan (20%), Maldives (19.6%), and Romania (17.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritania (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Phenolic resins, in primary forms ranks 677th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $248M

Top Destination (2018): China, $299M

Phenolic resins, in primary forms are the world's 1255th most traded product.

In 2018, the top exporters of Phenolic resins, in primary forms were Japan ($248M), United States ($234M), Germany ($201M), China ($193M), and Belgium-Luxembourg ($148M).

In 2018, the top importers of Phenolic resins, in primary forms were China ($299M), Germany ($191M), United States ($125M), Canada ($82.3M), and France ($80.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $27.5M

Top Destination Growth (2017 - 2018): Germany, $43.4M

Between 2017 and 2018, the exports of Phenolic resins, in primary forms grew the fastest in China ($27.5M), Portugal ($24.1M), Belgium-Luxembourg ($23.7M), Chinese Taipei ($16.4M), and Belarus ($12.9M).

Between 2017 and 2018, the fastest growing importers of Phenolic resins, in primary forms were Germany ($43.4M), Netherlands ($16M), Thailand ($15.8M), Vietnam ($15.5M), and Poland ($14.5M).

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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 Phenolic resins, in primary forms.

In 2018,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Phenolic resins, in primary forms are explained by 22 countries.

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TOP NET EXPORTER (2018): Japan, $203M

TOP NET IMPORTER (2018): China, $106M

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

In 2018, the countries that had a largest trade value in exports than in imports of Phenolic resins, in primary forms were Japan ($203M), Belgium-Luxembourg ($118M), United States ($110M), Chinese Taipei ($58.9M), and Portugal ($48.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Phenolic resins, in primary forms were China ($106M), Thailand ($62M), Mexico ($54.2M), Netherlands ($50.5M), and Turkey ($46.2M).

Trade Forecasts

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This section shows forecasts for total trade for Phenolic resins, 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 Phenolic resins, in primary forms was 5.59%.  The countries with the highest tariffs for importing Phenolic resins, in primary forms were Bahamas (40.2%), Bermuda (25%), Pakistan (20%), Maldives (19.6%), and Romania (17.2%).

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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.