HS Icon Aqueous Paints

3209 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Aqueous Paints. In 2019, Aqueous Paints were the world's 433rd most traded product, with a total trade of $6.58B. Between 2018 and 2019 the exports of Aqueous Paints decreased by -2.37%, from $6.74B to $6.58B. Trade in Aqueous Paints represent 0.036% of total world trade.

Exports: In 2019 the top exporters of Aqueous Paints  were Germany ($1.31B), United States ($931M), Italy ($421M), Netherlands ($373M), and France ($343M).

Imports: In 2019 the top importers of Aqueous Paints were Canada ($522M), Germany ($376M), Poland ($326M), France ($321M), and United States ($299M).

Tariffs: In 2018 the average tariff for Aqueous Paints was 11.6%, making it the 333rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Aqueous Paints are Bahamas (40.2%), Cape Verde (40%), Cambodia (35%), Sudan (35%), and Fiji (31.1%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Aqueous Paints ranks 471st in the Product Complexity Index (PCI).

Description: Paints and varnishes are usually a mixture of pigments, binders, solvents, and other additives. The pigments give the paint its color, and the binder holds the pigment particles together in a film. The solvents evaporate as the paint dries, leaving the binder and the pigment particles behind.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.31B

Top Destination (2019): Canada, $522M

Aqueous Paints are the world's 433rd most traded product.

In 2019, the top exporters of Aqueous Paints were Germany ($1.31B), United States ($931M), Italy ($421M), Netherlands ($373M), and France ($343M).

In 2019, the top importers of Aqueous Paints were Canada ($522M), Germany ($376M), Poland ($326M), France ($321M), and United States ($299M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $50.3M

Top Destination Growth (2018 - 2019): Canada, $27.2M

Between 2018 and 2019, the exports of Aqueous Paints grew the fastest in United States ($50.3M), United Kingdom ($17.1M), Egypt ($13.1M), Finland ($8.05M), and Canada ($6.5M).

Between 2018 and 2019, the fastest growing importers of Aqueous Paints were Canada ($27.2M), Mexico ($19.1M), Libya ($14.1M), United States ($11.5M), and Kazakhstan ($7.54M).

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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 Aqueous Paints.

In 2019,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Aqueous Paints are explained by 23 countries.

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TOP NET EXPORTER (2019): Germany, $937M

TOP NET IMPORTER (2019): Canada, $371M

This map shows which countries export or import more of Aqueous Paints. Each country is colored based on the difference in exports and imports of Aqueous Paints during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Aqueous Paints were Germany ($937M), United States ($632M), Italy ($284M), Netherlands ($142M), and Japan ($131M).

In 2019, the countries that had a largest trade value in imports than in exports of Aqueous Paints were Canada ($371M), Mexico ($209M), Poland ($197M), Russia ($147M), and China ($143M).

Disaggregation

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Value

In 2019, the world most traded Aqueous Paints, disaggragated by their HS6 level were Acrylic & vinyl polymer based paint,... ($3.67B) and Polymer based paints & varnishes nes,... ($2.91B)

Import Tariffs

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In 2018, the average tariff for importing Aqueous Paints was 11.6%. The countries with the highest tariffs for importing Aqueous Paints were Bahamas (40.2%), Cape Verde (40%), Cambodia (35%), Sudan (35%), and Fiji (31.1%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Aqueous Paints to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.